"[Q3 2018] was the largest negative contribution to GDP growth for trade in 33 years; in the second quarter of 1985" Tl;DR - businesses bought up a bunch of inv...
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"[Q3 2018] was the largest negative contribution to GDP growth for trade in 33 years; in the second quarter of 1985"
Tl;DR - businesses bought up a bunch of inventory before the tariffs went into effect. Q4 is going to tank, and I am going to call it, we are going into a recession for 2019.
With all the of the mountains of crap Trump has been doing, he had gotten away with it because there was continued economic momentum from Obama.
Look at Bush senior being shown the door on a *mild* recession, or look at racist America electing a black man with a landslide in the electoral college after 2008.
It is going to be delicious watching how the GOP puppet masters dismiss the baby tyrant.
https://www.businessinsider.com/gdp-trump-tariff-trade-war-us-china-2018-10?fbclid=IwAR077Cj04B_KzxEyqrjTx_GDFyAzx04cF5iHkn32rS5okBAsl5GpVU3iC40&utm_medium=referral&utm_content=topbar&utm_term=desktop&referrer=facebook
Originally posted on Facebook on October 31, 2018.
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Published: November 1, 2018 3:32 AM
Last updated: March 6, 2026 10:19 PM
Post ID: ed7ea889-373f-4686-ab7b-f72c984ea158