yidnar
Diamond Member
many analysts are sounding the alarm on a possible looming recession ... the left will claim that the recession is the fault of the sitting POTUS that's only been in office for 48 days while conveniently ignoring the skyrocketing costs of living , food , rent , mortgage rates, insurance ect that have been ongoing for 4yrs .. they will conveniently forget that millions of Americans have been making ends meet for the last 4 yrs with credit card debt , and overall debt ! in other words millions of Americans are maxed out debt wise and many are delinquent on payments and will be forced to cut back on spending Which will have a negative effect on the economy ..can Trumps planned tax cuts , increased energy production ,and cutting of inflationary gov regulations stave off the quite possible recession he may inherit from the previous admin ? will Trump be forced to back off on reciprocal tariffs because of a possible economic downturn ?....time will tell .. the Biden admins chickens may be coming home to roost ..
abcnews.go.com

Americans' credit card debt reaches new record high: New York Federal Reserve
Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.

Scott: The Biden administration’s spending policies caused this economic pain. | United States Committee on Banking, Housing, and Urban Affairs
The Official website of The United States Committee on Banking, Housing, and Urban Affairs
www.banking.senate.gov
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