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 Wonât Deny There Could Be A RecessionâWarns Of âPeriod Of Transitionâ In Economy
âSunday Morning Futuresâ host Maria Bartiromo asked Trump whether he expected there would be a recession this year, to which Trump responded, âI hate to predict things like that.â
âThere is a period of transition, because what weâre doing is very big,â Trump said about implementing his economic agenda like tariffs, adding, âIt takes a little time, but I think [his agenda] should be great for us.â
The president also downplayed the stock market dropping over the past week in response to his tariffs, telling Bartiromo the market hadnât gone down by âmuchâ and saying he âcanât really watch the stock marketâ as he implements his economic policies, adding, âYou canât go by that, you have to do whatâs right.â
Economists upped the odds of a recession this week and cited Trumpâs economic policies as the âkey riskâ that could cause one, amid troubling indicators like lower consumer sentiment, mounting layoffs and the stock marketâs decline, with the Federal Reserve Bank of Atlanta projecting March 6 that the U.S.â economic output will contract by an annualized rate of -2.4% in 2025âs first quarter.
The stock market also suffered its worst week in six months amid uncertainty over Trumpâs 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 Wonât Deny There Could Be A RecessionâWarns Of âPeriod Of Transitionâ In Economy
âSunday Morning Futuresâ host Maria Bartiromo asked Trump whether he expected there would be a recession this year, to which Trump responded, âI hate to predict things like that.â
âThere is a period of transition, because what weâre doing is very big,â Trump said about implementing his economic agenda like tariffs, adding, âIt takes a little time, but I think [his agenda] should be great for us.â
The president also downplayed the stock market dropping over the past week in response to his tariffs, telling Bartiromo the market hadnât gone down by âmuchâ and saying he âcanât really watch the stock marketâ as he implements his economic policies, adding, âYou canât go by that, you have to do whatâs right.â
Economists upped the odds of a recession this week and cited Trumpâs economic policies as the âkey riskâ that could cause one, amid troubling indicators like lower consumer sentiment, mounting layoffs and the stock marketâs decline, with the Federal Reserve Bank of Atlanta projecting March 6 that the U.S.â economic output will contract by an annualized rate of -2.4% in 2025âs first quarter.
The stock market also suffered its worst week in six months amid uncertainty over Trumpâs tariffs, with Nvidia and Tesla having the biggest declines.
