The Economy

[ll74]

we don't buy oil from iran

Did we buy oil from Iran before?
Lol

Oil prices aren't cheaper here. They are the same price.

 

[SebastianHolt]

I’ve been posting economic news in the “Thanks Biden” thread, but I think it’s time for a new dedicated thread.

Let’s begin with today’s good economic news:

US economic growth increased last quarter to a healthy 2.8% annual rate



Good news indeed.

The economy is cyclical so an eventual downturn is inevitable, but it’s not here yet.

I’m sure all Americans will be pleased by the continued strength of the economy.

okay I can give you credit that you copied and pasted like a professional and you have no idea what the numbers mean nor do you understand what business is. Hell, you can't even create one dollar of value

 

[Iluv17]

Moar WINNING!

 

[Wilson23]

okay I can give you credit that you copied and pasted like a professional and you have no idea what the numbers mean nor do you understand what business is. Hell, you can't even create one dollar of value

Anyone who punches your face creates a dollar of value.

 

[ll74]

Lol

 

[SebastianHolt]

Anyone who punches your face creates a dollar of value.

meow

 

[MajorRewrite]

Home sales: down in March

Existing home sales declined sharply in March, a sign that the 6% mortgage rates of earlier this year did little to bring buyers back into the market.

And homebuying conditions are arguably worse now: Rates are higher, inflation is up, and general uncertainty is weighing on the economy.

Home sales dropped 3.6% month over month in March to a seasonally adjusted annual rate of 3.98 million, and they are down 1% from a year ago, according to National Association of Realtors (NAR) data released on Monday.

 

[SebastianHolt]

Home sales: down in March

while this is good for me, this is something Trump needs to address. we need to get the real estate market excited again and homes moving

 

[Bray123]

Trump says we shouldn't worry about the economy being in shit order. Things could be worse, at least nobody's dropped nukes on America yet.

//Yet.

Yup, that could make things worse, why the long faces?

https://www.salon.com/2026/04/12/le...economy-could-be-much-worse-in-fox-news-call/

 

[Rightguide]

CA Makes More Per Gallon of Gas in Taxes Than Oil Companies Do in Profit​

https://media.townhall.com/cdn/hodl/https://media.townhall.com/cdn/hodl/authorimages/f1544e7a-2b54-4578-8b82-ec7c561224a8.jpg
Dmitri Bolt | April 13, 2026 2:15 PM

https://media.townhall.com/cdn/hodl/2022/67/e8d772dd-1734-4092-85ee-d1a84a896168-1052x615.jpgAP Photo/Marcio Jose Sanchez

When it comes to gas and oil prices, Democrats in California are facing increasing push-back, as the U.S. Oil and Gas Association and others blast claims that the Iran conflict, President Trump, or so-called corporate greed are responsible for the state’s prices, which are among the highest in the nation.

Governor Gavin Newsom's Press Office thought it would test its luck against Chevron, writing on X, "While America suffers, Chevron profits." For emphasis, the governor posted a picture of a Reuters article stating that Chevron expects to earn between $1.6 billion and $2.2 billion in the first quarter of 2026.

However, they got absolutely destroyed by a community note pointing out that the State of California actually makes more profit per gallon of gas than any gas company does in the state.

https://twitter.com/x/status/2042293841055940841

"The State of California collects more in taxes per gallon of gasoline than refineries such as Chevron, Shell, or Valero collect in profit per gallon," the note read. "From CA's own state energy website, on average, the state of California collects about $0.71 per gallon of gas; meanwhile, the average profit a company like Chevron rakes in is typically under $0.20 per gallon, depending on the quarter. And that figure is before taxes. The note also reveals a deeper truth about Democrat government.

https://townhall.com/tipsheet/dmitr...axes-than-oil-companies-do-in-profit-n2674337

 

[ll74]

CA Makes More Per Gallon of Gas in Taxes Than Oil Companies Do in Profit​

https://media.townhall.com/cdn/hodl/https://media.townhall.com/cdn/hodl/authorimages/f1544e7a-2b54-4578-8b82-ec7c561224a8.jpg
Dmitri Bolt | April 13, 2026 2:15 PM

https://media.townhall.com/cdn/hodl/2022/67/e8d772dd-1734-4092-85ee-d1a84a896168-1052x615.jpgAP Photo/Marcio Jose Sanchez

When it comes to gas and oil prices, Democrats in California are facing increasing push-back, as the U.S. Oil and Gas Association and others blast claims that the Iran conflict, President Trump, or so-called corporate greed are responsible for the state’s prices, which are among the highest in the nation.

Governor Gavin Newsom's Press Office thought it would test its luck against Chevron, writing on X, "While America suffers, Chevron profits." For emphasis, the governor posted a picture of a Reuters article stating that Chevron expects to earn between $1.6 billion and $2.2 billion in the first quarter of 2026.

However, they got absolutely destroyed by a community note pointing out that the State of California actually makes more profit per gallon of gas than any gas company does in the state.

https://twitter.com/x/status/2042293841055940841

"The State of California collects more in taxes per gallon of gasoline than refineries such as Chevron, Shell, or Valero collect in profit per gallon," the note read. "From CA's own state energy website, on average, the state of California collects about $0.71 per gallon of gas; meanwhile, the average profit a company like Chevron rakes in is typically under $0.20 per gallon, depending on the quarter. And that figure is before taxes. The note also reveals a deeper truth about Democrat government.

https://townhall.com/tipsheet/dmitr...axes-than-oil-companies-do-in-profit-n2674337

So don't fill up in California.

 

[MajorRewrite]

​

Governor Gavin Newsom's Press Office thought it would test its luck against Chevron, writing on X, "While America suffers, Chevron profits." For emphasis, the governor posted a picture of a Reuters article stating that Chevron expects to earn between $1.6 billion and $2.2 billion in the first quarter of 2026.

These things are true:

• US oil companies are making huge profits because the TrumpIran War ran up oil prices
• US citizens’ cost of living has increased because of higher gasoline prices

Americans paid an extra $8 billion for gasoline in the first month of Trump’s war.

 

[PersonalFavors]

These things are true:

• US oil companies are making huge profits because the TrumpIran War ran up oil prices
• US citizens’ cost of living has increased because of higher gasoline prices

Americans paid an extra $8 billion for gasoline in the first month of Trump’s war.

Yahoo? Question those numbers.
And you keep calling it Trumps war? Operation Epic Fury is defense. No war has been declared. Certainly not Trump's. Trump has the football right now. We know where our nukes are and how to use them. We know where our missiles are and how to use them.

 

[ll74]

Yahoo? Question those numbers.
And you keep calling it Trumps war? Operation Epic Fury is defense. No war has been declared. Certainly not Trump's. Trump has the football right now. We know where our nukes are and how to use them. We know where our missiles are and how to use them.

We are at war with Iran.

We have not declared war on anyone.

Not much of a difference except pedantically.

 

[PersonalFavors]

We are at war with Iran.

We have not declared war on anyone.

Not much of a difference except pedantically.

We are not at war with Iran.

 

[ll74]

We are not at war with Iran.

The President said he can't call it war because then Congress will mess it up.

You're an idiot.

 

[RoryN]

We are not at war with Iran.

“See, I get into a war — of course, they call it a war, I call it a military conflict...But there’s a legal reason for that.”

“I said, ‘Look, you know, we have a thing called a war,’ or as they would rather say, a military operation. It’s for legal reasons...I say ‘military’ because as a military operation, I don’t need any approvals. As a war, you’re supposed to get approval from Congress. Something like that.”

https://www.huffpost.com/entry/why-trump-wont-call-it-a-war_n_69c7da7fe4b06be0a3086c0a

Hope this helps.

 

[PersonalFavors]

The President said he can't call it war because then Congress will mess it up.

You're an idiot.

You must be a liberal too. Always calling others what you are.
Currently there are negotiations going on.

 

[ll74]

“See, I get into a war — of course, they call it a war, I call it a military conflict...But there’s a legal reason for that.”

“I said, ‘Look, you know, we have a thing called a war,’ or as they would rather say, a military operation. It’s for legal reasons...I say ‘military’ because as a military operation, I don’t need any approvals. As a war, you’re supposed to get approval from Congress. Something like that.”

https://www.huffpost.com/entry/why-trump-wont-call-it-a-war_n_69c7da7fe4b06be0a3086c0a

Hope this helps.

Yep

 

[ll74]

You must be a liberal too. Always calling others what you are.
Currently there are negotiations going on.

Negotiations to end the war...correct.

And JD was told to pretend to negotiate.

Meanwhile Kushner likely made another business deal.

 

[Iluv17]

Or you can go spend 100k on a indoctrinated college experience and be in dept the rest of your life! Good luck with all that!

 

[ll74]

Or you can go spend 100k on a indoctrinated college experience and be in dept the rest of your life! Good luck with all that!View attachment 2613047

Manufacturing jobs are down since he took office

 

[MajorRewrite]

Manufacturing employment has fallen by 82,000 jobs since Donnie returned to office.

 

[badbabysitter]

Or you can go spend 100k on a indoctrinated college experience and be in dept the rest of your life! Good luck with all that!View attachment 2613047

Makes sense after the US tariffs on aluminum just blew up in their face and have had dramatically reduce them; in some cases literally blowing up. Amazaing how they thought stopping buy from Canada and getting aluminum from the middle east would have any problems, not like it had to go through the Strait of Hormuz or anything...oh, wait

 

[subdudeme13]

Makes sense after the US tariffs on aluminum just blew up in their face and have had dramatically reduce them; in some cases literally blowing up. Amazaing how they thought stopping buy from Canada and getting aluminum from the middle east would have any problems, not like it had to go through the Strait of Hormuz or anything...oh, wait

You have a spoiled rich kid that went bankrupt 6 times after his daddy died and couldn't bail him out. That is not to mention an ajudicated rapist and convicted felon. My guess is we will see or get close to a recession. This crap with oil is only just beginning as the pipe line is about to empty.