The Independent Voice of West Indies Cricket

The U.S. economy grew by 3%

XDFIX 7/30/25, 2:11:27 PM
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debut: 3/2/03
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The U.S. economy grew by 3% in the second quarter of the year, according to a report from the Commerce Department. This represents a rebound from the first quarter, which saw a contraction of 0.5%. The growth was driven by a turnaround in exports and a renewed surge in consumer demand.
Brerzerk 7/30/25, 5:05:03 PM
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debut: 3/16/21
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In reply to XDFIX

Willing to bet that will be eventually revised down?
carl0002 7/30/25, 8:01:57 PM
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debut: 4/16/03
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In reply to Brerzerk

Willing to bet it will be completely erased. How can you trust anything coming from that government, when they keep telling you up is down and down is up.
Kay 7/30/25, 8:38:53 PM
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In reply to XDFIX

Link?
StumpCam 7/30/25, 8:51:48 PM
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In reply to XDFIX

How much inflation grew by???
VIX 7/30/25, 9:19:49 PM
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debut: 2/7/03
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Clearly this is fake news, since there's a conservative president in power in grate marika.

Misfits did said that only amazing liberal presidents can be reliably trusted to provide accurate data.


#delusional #unwelcome
Brerzerk 7/30/25, 9:36:07 PM
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debut: 3/16/21
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In reply to VIX

Stop it, you know better.
a. Economic reports are usually revised more times than not and their are indicators this one could be revised down by at least 1/2 % point.
b. as Carl suggests any gains could be wiped in the next 1/4. to avoid tariffs many companies 'overstocked' and projected reduction consumer
activity could see them left holding high inventories
XDFIX 7/30/25, 9:56:35 PM
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debut: 3/2/03
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In reply to Kay

WASHINGTON, July 30 (Reuters) - U.S. economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy's health as declining imports accounted for the bulk of the improvement and domestic demand increased at its slowest pace in 2-1/2 years.
Details of the Commerce Department's advance second-quarter gross domestic product report on Wednesday painted a picture of an economy that was losing steam as businesses and households grappled with uncertainty from President Donald Trump's protectionist trade policy. Trump has imposed sweeping tariffs on imports while also delaying higher duties to allow countries to negotiate trade deals with the White House.

here
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carl0002 7/31/25, 6:52:59 PM
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debut: 4/16/03
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In reply to Brerzerk

Pay that imbecile no mind, its not like he doesn't know that economic indicators get revised up and down for all administrations. However, its not like there is no evidence that this government literally cooking or attempting to cook the books on everything they can. Nah there is no evidence of claiming to to recover fraud waste and savings of 18 billion when it was 18 million...to now a complete removal of all the fraud waste and savings from that particular website. Nah... no evidence that the president in trying to fire Fed Chair propped up the renovation for a building from 2.1 billion to 3.1 billion and was resoundingly fact checked to indicate that they included a building they finished 5 years ago. Nah, its not like the administration did not tell their constituents they are not cutting Medicare/Medicaid, while passing legislation to cut Medicare/Medicaid. Nah, Its not like administration is not telling people that countries pay tariffs when its consumers that pay the tax. Nah its not like the DOJ didn't say that they had the Epstein Files on the desk ready for release, only to now say they are no Epstein files or there is nothing in the Epstein files. Nah its not like the administration lied saying Obama committed treason and should be prosecuted. None of those things happened, it's all fake news, since there's a conservative president in power.
VIX 7/31/25, 7:22:32 PM
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debut: 2/7/03
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In reply to carl0002

Yes, only conservative politicians in history have lied. Ever. So the Murika misfits say.

Your idiotic comment shows how deep you and the other delusional misfits have swallowed cherry-picked liberal talking points and internet conspiracies. Step back from the rabid partisan spin. Step out of the circle-jerking echo chamber now and then. Most of what you're saying is based on misunderstandings, misquotes, or plain lies.

The cult-like belief from misfits on both sides that everything is fake news unless it fits their view is exactly why people stay misinformed. Start questioning your sources and yourself, not just your political enemies.

Anyway, I had no clue what those random points were meant to prove besides you being misinformed and delusional. I had to go find real info, since the echo chamber clearly can’t think for itself.

Perplexity.ai:
Economic data revisions happen routinely under all administrations; this is normal statistical practice and not proof of "cooking the books." Claims about the government exaggerating fraud, waste, and savings from $18 million to $18 billion have no credible evidentiary support, and the removal of certain figures from websites likely reflects updates or corrections, not evidence of deceit.
Regarding the claim about the president allegedly inflating renovation costs from $2.1 billion to $3.1 billion: fact-checks have clarified that the increased figure includes costs related to a previously completed building, so the headline presentation lacks context and does not prove intentional inflation.
About Medicare/Medicaid cuts, the situation is complex. While the administration has stated no cuts were made, independent reports and lawsuits by hospitals and providers highlight payment reductions and ongoing challenges in Medicare payments, including physician pay cuts of around 2.8% in recent years, which risk impacting services. Cuts to administration offices servicing Medicare also create indirect hardships for beneficiaries. This is not simply a lie but an area of legitimate policy debate and impact.
Claims that tariffs are paid solely by countries are inaccurate: economists agree that tariffs generally raise costs borne by consumers and importers, regardless of which party nominally pays the tariff to the government.
The DOJ's handling of the Epstein files has involved legal and procedural complexities, but no conclusive proof exists that the administration intentionally suppressed material. Statements about available files have changed with ongoing investigations, not from malfeasance.
Finally, accusations of the current or past presidents committing treason require extraordinary evidence and have never been substantiated. Labeling these claims as "fake news" aligns with fact-checkers and legal assessments.


Har harr harr, perplexity AI offered this unprompted wrt your post
In sum, the speaker appears heavily influenced by partisan and liberal-opposition narratives that selectively present facts or misunderstand complex matters. A better approach is to engage with vetted sources, official documents, and non-partisan fact-checks to break free from echo chambers and ideological "cults." This fosters a more informed, balanced evaluation rather than relying on incomplete or misleading claims.
carl0002 7/31/25, 9:34:21 PM
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debut: 4/16/03
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In reply to VIX
You are a disingenuous, deluded skunt of the highest order and perhaps that is all I will say to you and leave others to judge how much of a real imbecile you really are. smh
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InHindsight 8/1/25, 1:51:11 AM
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debut: 2/24/07
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In reply to XDFIX

Consumer expenditure/aggregate demand is what drives an economy and that grew by 1.4%. That's against the backdrop of tariffs by Trump

The expected recession predicted by the left hasn't materialized
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Courtesy 8/1/25, 1:41:21 PM
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How do the uneducated airheads on this thread interpret this:

The Feds not cutting Interest Rates;

Retrograde in the US GDP;

and inflation hovering around 3.1 percent.
carl0002 8/1/25, 5:44:24 PM
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In reply to Courtesy

Maybe you could ask AI
Courtesy 8/1/25, 5:46:23 PM
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In reply to carl0002

I believe firmly that the uneducated airheads here are ahead of AI
dayne 8/1/25, 6:06:59 PM
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In reply to InHindsight

The predicted recession has not materialized yet, but it is coming
InHindsight 8/1/25, 6:09:58 PM
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debut: 2/24/07
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In reply to carl0002

You guys try are hard to discredit the current administration while it the atrocity the the Obama, Biden eras were heart stopping. The hypocrisy is that you (plural) are silent about it all. Only because you.

Biden economic policies were horrendous.

Talk about calling black white and white black.

Shame shame
sgtdjones 8/1/25, 6:28:22 PM
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GDP Explained in Plain English:

GDP is like a report card with lots of “subjects.” If you ace math and science (consumer spending, government), you can flunk gym (housing) and still get a good GPA—but that doesn’t mean everyone’s having a great semester. GDP is often revised later on.

Government and partial consumer spending are keeping the economy afloat.
Still encouraging, but waning as household budgets are eroded by rising interest rates. People are more frugal, spending less on expensive things and more on necessities.
Biden's infrastructure momentum (government spending borrowed money) is helping.
Because mortgage rates are still between 6 and 7%, home sales and new construction are slow, making housing still a drag.
Exports are only a small assistance; they don't alter the rules of the game.
Investment in business is cautiously optimistic.
Because of the declining demand, manufacturers and retailers are being cautious. Not a significant factor, but the worst restocking after a poor first quarter.
Everyday people still feel the weight of high costs and tough borrowing conditions, which makes the “growth” feel less real at street level.

Questions remain about that 3% rise.
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sgtdjones 8/1/25, 9:17:11 PM
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debut: 2/16/17
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Trump fires a senior official over jobs numbers


President Donald Trump has fired Dr. Erika McEntarfer, the commissioner of the Bureau of Labor Statistics, whom he accused, without evidence, of manipulating the monthly jobs reports for “political purposes.”

The BLS’ monthly labor report Friday showed that the US economy added only 73,000 jobs in July, far below expectations. It also sharply revised down the employment growth that had been previously reported in May and June – by a combined 258,000 jobs.

After the revisions, the jobs report showed the weakest pace of hiring for any three-month period since the pandemic recession in 2020.

Rigged 3% growth...evil
carl0002 8/1/25, 9:19:49 PM
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debut: 4/16/03
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In reply to sgtdjones

big grinbig grin, Just laughing.smh

AI said nobody trying to cook the books though...big grinbig grinbig grin
InHindsight 8/1/25, 9:24:31 PM
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debut: 2/24/07
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Book marked
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InHindsight 8/1/25, 9:30:56 PM
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In reply to sgtdjones

No sources cited.



However, not being an exact science Economics does allow for such rabid perspectives even if the reality proves otherwise.

Obfuscation at its best
sgtdjones 8/1/25, 9:37:44 PM
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debut: 2/16/17
39,857 runs

In reply to carl0002

With DOGE firing thousands of workers with above-average income, how can partial consumer spending keep the economy afloat?
Where are the trillions saved?
Food stamps are gone.
Tourism is down by 25%... workers are being sent home.
Florida, California, Arizona, and Las Vegas are flooding Canadian airwaves to come back.
Towns near the Canadian border are in financial problems due to a lack of Canadians crossing.
America imported 20% fewer tonnes of materials over the last quarter from Canada.
Car manufacturers are reporting billions of dollars in losses; some are down to two shifts.
American railroads are reporting less cargo being transported.

American debt is skyrocketing by government borrowing; Treasury bills are being bought back, lack of sales...
foreign central banks have slowed purchases....Et..al

Where did this 3% come from? Anyone???

Sources:

Bureau of Economic Analysis: GDP Data
Federal Reserve Bank of San Francisco: Pandemic Savings
U.S. Travel Association: Economic Impact
CBO: Federal Deficit
CNBC: Automaker Earnings
Reuters: Rail Freight Down
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sgtdjones 8/1/25, 9:39:53 PM
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debut: 2/16/17
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In reply to InHindsight

It's simple economics 101...read what I wrote.

One doesn't need to cite sources; some are common sense.

Can you refute what I noted above?

Any publication by TACO's government is BS.

Example:

The entire U.S. federal workforce compensation is about $287 billion per year (Congressional Research Service, 2022).
As of 2023, the U.S. government spends approximately $160 billion annually on research and development (R&D) across various federal agencies.

Musk and TACO noted it would save 1.1 trillion per year?
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