Mac1958
Diamond Member
If a recession happens (current estimates are a 35% to 40% chance), it won't be because Trump inherited a bad economy (in fact, while far from great, it was the strongest in the world when he inherited it). EVEN HE has admitted that the massive, ridiculously rapid disruptions his administration is causing will have caused it. So trying to blame the old and frail Biden won't work.
So let's just hope that the pain that regular Americans are feeling, and will feel, will be worth it. Either way, this will be on Trump.
Trump Wonāt Deny There Could Be A RecessionāWarns Of āPeriod Of Transitionā In Economy
āSunday Morning Futuresā host Maria Bartiromo asked Trump whether he expected there would be a recession this year, to which Trump responded, āI hate to predict things like that.ā
āThere is a period of transition, because what weāre doing is very big,ā Trump said about implementing his economic agenda like tariffs, adding, āIt takes a little time, but I think [his agenda] should be great for us.ā
The president also downplayed the stock market dropping over the past week in response to his tariffs, telling Bartiromo the market hadnāt gone down by āmuchā and saying he ācanāt really watch the stock marketā as he implements his economic policies, adding, āYou canāt go by that, you have to do whatās right.ā
Economists upped the odds of a recession this week and cited Trumpās economic policies as the ākey riskā that could cause one, amid troubling indicators like lower consumer sentiment, mounting layoffs and the stock marketās decline, with the Federal Reserve Bank of Atlanta projecting March 6 that the U.S.ā economic output will contract by an annualized rate of -2.4% in 2025ās first quarter.
The stock market also suffered its worst week in six months amid uncertainty over Trumpās tariffs, with Nvidia and Tesla having the biggest declines.
So let's just hope that the pain that regular Americans are feeling, and will feel, will be worth it. Either way, this will be on Trump.
Trump Wonāt Deny There Could Be A RecessionāWarns Of āPeriod Of Transitionā In Economy
āSunday Morning Futuresā host Maria Bartiromo asked Trump whether he expected there would be a recession this year, to which Trump responded, āI hate to predict things like that.ā
āThere is a period of transition, because what weāre doing is very big,ā Trump said about implementing his economic agenda like tariffs, adding, āIt takes a little time, but I think [his agenda] should be great for us.ā
The president also downplayed the stock market dropping over the past week in response to his tariffs, telling Bartiromo the market hadnāt gone down by āmuchā and saying he ācanāt really watch the stock marketā as he implements his economic policies, adding, āYou canāt go by that, you have to do whatās right.ā
Economists upped the odds of a recession this week and cited Trumpās economic policies as the ākey riskā that could cause one, amid troubling indicators like lower consumer sentiment, mounting layoffs and the stock marketās decline, with the Federal Reserve Bank of Atlanta projecting March 6 that the U.S.ā economic output will contract by an annualized rate of -2.4% in 2025ās first quarter.
The stock market also suffered its worst week in six months amid uncertainty over Trumpās tariffs, with Nvidia and Tesla having the biggest declines.