White House: economic damage caused by shutdown is worse than originally thought - Polidicks

https://www.businessinsider.com/government-shutdown-white-house-increases-gdp-economic-pain-estimate-2019-1?utm_source=reddit.com The US economy is taking a hit from the partial shutdown of the federal government and even the White House thinks it may be even worse than originally estimated. After a tweak to the internal White House model, the administration now expects that the shutdown will deduct 0.13 percentage points from quarterly GDP for every week the closure persists, a White House official told INSIDER. Most Wall Street economists believe the shutdown will shave off 0.05 percentage points from quarterly GDP growth per week, though some have bumped up their estimates recently. This means that the White House number is more than twice as pessimistic as the consensus. Originally the model only included the lost productivity from 380,000 federal workers placed on furlough. But now the model also incorporates the downsides caused by the loss of revenue to federal contractors (third-party companies that are paid by the shut down agencies for services), according to the official. According to Ian Shepherdson, chief economist at Pantheon Macroeconomics, if the shutdown continues through March then GDP could go negative for the first quarter.

This is on him. This is on him. This is on him. Say it with me.

He's running the country like he ran his businesses alright.

40% of Americans are fine with Trump along ideological lines, but you would be surprised how quickly a voterbase will turn on a politician when the economy goes to shit

Or they'll just blame the libs, scream for more tax cuts for the rich and then sit around shoving coal up their ass until big daddy trump saves the totally not dying coal industry.

Trump is a douchebag, for sure, but don't forget that AT ANY POINT the GOP could overrule his childish tantrums. The whole Republican party is responsible. It's not on him, it's on them all.

Can't expect members of a cult to act rationally.

Literally fuck them, who needs to care what those retards think?

the rest of the country

The rest of the country will be so mad that the Super Bowl will be delayed with no air travel the shutdown will end

Welp, he wanted to be the best president and did everything he could to discredit Obama and make Obama look like the worst president, but in the end he's only come out of all this looking like a complete and utter buffoon.

"it's your fault for not giving us whatever we want whenever we want it 😡"

democrats?

that fucking image. he doesn't even look human.

if the democrats and liberals are aliens and lizards wearing people costumes, they must have a better tailor

What are you implying, that they thought at all?

https://fivethirtyeight.com/features/its-week-4-of-the-shutdown-americans-still-think-trump-is-to-blame/ Theirs a reason Dems aren't giving any leeway, Trump and the GOP backed its self into a corner with no way out. The longer this goes on the more people are blaming him, if he dosen't get his wall he won't get reelected either. If Sentors turn on him they'll be called out as RINO's and will lose there seat next senate election.

The graphs shown below on that page show his approval compared to past presidents. It's looking like Trump is one of the least popular presidents in US history.

At the halfway point of his term Trump has the lowest approval of any President since polls started, beating out Reagan by less than a point.

It's coming as a shock to the 30% of people who still have wool blindfolds on.

Ok, so you better end this farce before we enter another depression you dipshits.

All this for a billion dollar concrete wall? I've seen toddlers make smaller tantrums than this.

At this point the wall doesn't matter, he's just being a big fucking baby and doesn't care who he fucks over, the wall is just the scapegoat, i actually think his end goal is to fuck this country up beyond repair.

Even Andrew Johnson had his supporters in the end.

Nixon had a 22% approval rating the day he resigned.