Americans cut back sharply on their spending last month amid tariffs
Americans cut back sharply on their spending last month amid tariffs
Americans are feeling a hangover from their tariff-fueled buying frenzy early in the spring.
Seems like USA is entering a recession now. Well done Americans for electing Trump to ruin everything, when things were looking up with Biden.
Are there still morons stupid enough to claim Republicans are good for the economy?Are there still morons stupid enough to claim Republicans are good for the economy?
Sadly, yes. Nothing will actually make them turn on Trump because it's a fucking cult. They will find a way to blame this on Democrats just like they have blamed and continue to blame the murder of Democratic politicians by a right wing nutjob on Democrats.
It's not about living in reality, it's about having power and control over other people. Even if they're low on the totem pole, as long as there's someone lower they get to lord over, they're perfectly happy with the situation.
Are there still morons stupid enough to claim Republicans are good for the economy?
Yes. Stock market still going up so fuck the poors, economy is actually good!!
The Stock Market has been completely disconnected from reality for over a decade now, if not longer. Whoever first described it as "a graph of rich people's feelings" was so on the fucking nose it's not even funny.
That was always the plan here. Stock up, cut unnecessary spending, stop spending. Who in America wouldn't be doing this right now? They're trying to rob everyone blind. Best way to fight it as a mere citizen of a stupid nation is to not participate in their games, and protest, of course.
We can cut consumerism from our lives in the US with minimal effort. All those in the Federal government and billionaire class want from us is our money, they don't care about our lives, they just want to kill, deport, or destroy us. So, why give them any more money? (Still shop and support local business, don't cripple your life, don't live on only ramen noodles, don't skip medical care, just, shrink that footprint.)
Live minimal. Live free.
Buy used as well.
I'm actually surprised it's taken this long to show up in the numbers, but I am fully aware that I'm in a bit of a bubble.
Most people I know got all their big ticket spending done before January, and then hunkered down into saving money mode so that they'd have some cushion for if and when things go bad. Sure, there have been some outliers, but they aren't the norm.
Part of the problem is, even a lot of people who still have their good jobs are cutting way back and trying to put money aside because they simply do not know how much longer they'll have a job. People who once saw themselves as indispensable to their employer and have enjoyed stable careers are no longer so confident in the economy or their job because they've seen what's happened to so many others recently.
To the surprise of literally no one. Except the trump administration of course. They couldn't be any more incompetent
What about all of the Trump’s billionaire buddies who depend on the general public spending money on stuff? This can’t be good for business, now can it? If this is some sort of clever tactic that results in them getting more money in the end, please tell me how that works.
https://www.wsj.com/economy/consumers/us-economy-strength-rich-spending-2c34a571
Feb. 23, 2025
The top 10% of earners account for 49.7% of all spending.
The top 10% of earners—households making about $250,000 a year or more—are splurging on everything from vacations to designer handbags, buoyed by big gains in stocks, real estate and other assets.
They're just planning to float on the profits from other wealthy people, they don't actually give a damn about the bottom 90% as long as they can make profits from the top 10%.
Haven't you noticed more and more businesses cater almost exclusively to the wealthy and that "economy" options for things like phones, computers, and cars have almost completely disappeared or in the case of phones and computers have been so stuffed with adware and bloatware as to be comically unusable?