Carol Roth

And we've been running deficits as a percentage of GDP that are at wartime levels. We're talking 6% to 7% of GDP. The historical average is somewhere around 3% or 3.5%. So about double what you might see on average. When you have a good economy, you would actually expect that to be much lower because you're getting more receipts. And that's what happened. We had more receipts.

We were taking in almost five trillion dollars. We were spending U.S. government and they're spending even more. They're spending almost seven trillion dollars. So that was done to mask the weakness and the economy. Now that we don't have the ability to continue to kick up even more and more to show growth, the consumer continues to be tapped out from all the Biden-era policies.

We were taking in almost five trillion dollars. We were spending U.S. government and they're spending even more. They're spending almost seven trillion dollars. So that was done to mask the weakness and the economy. Now that we don't have the ability to continue to kick up even more and more to show growth, the consumer continues to be tapped out from all the Biden-era policies.

We were taking in almost five trillion dollars. We were spending U.S. government and they're spending even more. They're spending almost seven trillion dollars. So that was done to mask the weakness and the economy. Now that we don't have the ability to continue to kick up even more and more to show growth, the consumer continues to be tapped out from all the Biden-era policies.

And the fact that we have Doge, which is trying to cut down government spending, We're at a situation where things could get uglier before they get better or they could get uglier and they could take away the political will to make them better. And that's this delicate dance that we've been talking about, why we need this careful choreography.

And the fact that we have Doge, which is trying to cut down government spending, We're at a situation where things could get uglier before they get better or they could get uglier and they could take away the political will to make them better. And that's this delicate dance that we've been talking about, why we need this careful choreography.

And the fact that we have Doge, which is trying to cut down government spending, We're at a situation where things could get uglier before they get better or they could get uglier and they could take away the political will to make them better. And that's this delicate dance that we've been talking about, why we need this careful choreography.

The craziest thing that's happened over the past several days is that the Atlanta Fed, one of the branches of the Federal Reserve that has a tool that predicts GDP for each quarter, they went in the last four weeks, okay, four weeks time from predicting that we were going to have almost 4% GDP growth in the first quarter to now negative 3%. in the first quarter.

The craziest thing that's happened over the past several days is that the Atlanta Fed, one of the branches of the Federal Reserve that has a tool that predicts GDP for each quarter, they went in the last four weeks, okay, four weeks time from predicting that we were going to have almost 4% GDP growth in the first quarter to now negative 3%. in the first quarter.

The craziest thing that's happened over the past several days is that the Atlanta Fed, one of the branches of the Federal Reserve that has a tool that predicts GDP for each quarter, they went in the last four weeks, okay, four weeks time from predicting that we were going to have almost 4% GDP growth in the first quarter to now negative 3%. in the first quarter.

That is a seven percentage point difference in four weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here, so now we don't need to doctor these numbers in a way that seem a bit more friendly.

That is a seven percentage point difference in four weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here, so now we don't need to doctor these numbers in a way that seem a bit more friendly.

That is a seven percentage point difference in four weeks, which A, just goes to show what a joke any of this reporting and these tools and this data are. But I think also shows, hey, we've got somebody else at the helm here, so now we don't need to doctor these numbers in a way that seem a bit more friendly.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a setup that they knew was coming. If you if you go back to the middle of last year, you had a bunch of, quote, unquote, Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a setup that they knew was coming. If you if you go back to the middle of last year, you had a bunch of, quote, unquote, Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And so we potentially could be seeing something ugly, which is something that we've talked about many, many times. And this has been a setup that they knew was coming. If you if you go back to the middle of last year, you had a bunch of, quote, unquote, Nobel economists that put out a piece that said that Trump was going to create inflation. He was going to do all these bad things to the economy.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And I called it out right then and there and said, this is a setup. They know this is coming no matter what. And so they are setting the groundwork to blame this on Trump. And so, you know, get ready for the talking points. You know, Trump's been, as we said, only in there for six weeks. He hasn't even really had a chance to do anything about the economy. Congress certainly isn't helping.

And yet we're already getting the rhetoric that, oh, look what he did to our really great economy.