Trump admits he may be causing a RECESSION

[Lesh]

Dow

Down. A lot

4,000 points in a month

 

[dudmuck]

All promulgated by the democrats who forced the banks into destructive policies giving loans to people who could not repay them.


All created and supported by your guy Barry while he was still in the Senate.

the banking & mortgage sector under dubya was quite free to do all sorts of shit.
and they are today, but have learned a bit from the past, for now.

 

[citygator]

Well... they promised one:

 

[Lesh]

Wonderful

 

[Hector12]

Recessions don’t build golden ages — they destroy lives and futures​

MSNBC

In reality, recessions kill small businesses while the biggest corporations consolidate power. They drive up unemployment, forcing workers to take worse jobs for lower pay, and they weaken the very public institutions — like schools, health care and infrastructure — that enable long-term economic growth.

Even worse, the current slate of proposed policies would actively make the economy more fragile.

MSN

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When Trump campaigned against Kamala Harris, he said everything would be better on "Day One." When will Day One happen?

 

[Hector12]

Recessions don’t build golden ages — they destroy lives and futures​

Imposing broad tariffs would raise prices for consumers and manufacturers alike, increasing inflation while slowing down economic activity. Mass layoffs of government workers wouldn’t lead to leaner government — it would gut essential public services, hurting businesses that rely on those workers’ paychecks. And cutting Medicaid and Social Security wouldn’t create a more “dynamic” workforce; it would push millions into poverty, reduce consumer spending and force older Americans to stay in the workforce longer, crowding out younger workers from job opportunities.

MSN

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The only good things about economic downturns is that they sometimes lead to left wing economic reforms. The Great Depression made the New Deal possible.

 

[Lesh]

Less than a year ago Trumpers were claiming we were in a Recession when we weren’t and SCREAMING about it

Now they act like a recession is no big deal

 

[MagicMike]

Well we know that no matter what happens, you’ll squeal about it and put a negative spin on everything President Trump does.

There really isn't any other way to spin it.

 

[Leo123]

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 Won’t Deny There Could Be A Recession—Warns Of ‘Period Of Transition’ In Economy

“Sunday Morning Futures” host Maria Bartiromo asked Trump whether he expected there would be a recession this year, to which Trump responded, “I hate to predict things like that.”

“There is a period of transition, because what we’re doing is very big,” Trump said about implementing his economic agenda like tariffs, adding, “It takes a little time, but I think [his agenda] should be great for us.”

The president also downplayed the stock market dropping over the past week in response to his tariffs, telling Bartiromo the market hadn’t gone down by “much” and saying he “can’t really watch the stock market” as he implements his economic policies, adding, “You can’t go by that, you have to do what’s right.”

Economists upped the odds of a recession this week and cited Trump’s economic policies as the “key risk” that could cause one, amid troubling indicators like lower consumer sentiment, mounting layoffs and the stock market’s decline, with the Federal Reserve Bank of Atlanta projecting March 6 that the U.S.’ economic output will contract by an annualized rate of -2.4% in 2025’s first quarter.
The stock market also suffered its worst week in six months amid uncertainty over Trump’s tariffs, with Nvidia and Tesla having the biggest declines.

Refreshing to hear a POTUS talk the truth. Biden wrecked our economy, not a word.

 

[Delldude]

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 Won’t Deny There Could Be A Recession—Warns Of ‘Period Of Transition’ In Economy

“Sunday Morning Futures” host Maria Bartiromo asked Trump whether he expected there would be a recession this year, to which Trump responded, “I hate to predict things like that.”

“There is a period of transition, because what we’re doing is very big,” Trump said about implementing his economic agenda like tariffs, adding, “It takes a little time, but I think [his agenda] should be great for us.”

The president also downplayed the stock market dropping over the past week in response to his tariffs, telling Bartiromo the market hadn’t gone down by “much” and saying he “can’t really watch the stock market” as he implements his economic policies, adding, “You can’t go by that, you have to do what’s right.”

Economists upped the odds of a recession this week and cited Trump’s economic policies as the “key risk” that could cause one, amid troubling indicators like lower consumer sentiment, mounting layoffs and the stock market’s decline, with the Federal Reserve Bank of Atlanta projecting March 6 that the U.S.’ economic output will contract by an annualized rate of -2.4% in 2025’s first quarter.
The stock market also suffered its worst week in six months amid uncertainty over Trump’s tariffs, with Nvidia and Tesla having the biggest declines.

If he said yes, the stock market would flip.

 

[Lesh]

Trump knows he’s taking a wrecking ball to our economy and just doesn’t cared

 

[Delldude]

Trump knows he’s taking a wrecking ball to our economy and just doesn’t cared

Majority support too.

 

[sparky]

Take the top 1% out of the economic math, and we've been in a depression since the last crash here>>>



~S~

 

[Delldude]

Take the top 1% out of the economic math, and we've been in a depression since the last crash here>>>



~S~

We had a depression under Obama....no argument.

 

[Lesh]

We had a depression under Obama....no argument.

Nonsense

Obama was HANDED a pretty bad Recession but then Republicans have a habit of handing off messes to be cleaned up

 

[Delldude]

Nonsense

Obama was HANDED a pretty bad Recession but then Republicans have a habit of handing off messes to be cleaned up

Yes it was, you just never realized it.

Why is it, every time repo's get back in power, usually the first thing they have to repair is the military?

And now Trump is cleaning up Biden's messes.

 

[Tumblin Tumbleweed]

So, since the dems were in charge of the house, they own the spending…Now, it’s true, Trump did sign it, and I personally thought that was a bad move. But, none the less, the House owns the purse, so it’s on them, and your attempt to put it on Trump is disingenuous.

I know this is difficult for a CULT member to grasp, but some of us put the majority of blame on the guy running the country.

 

[Delldude]

I know this is difficult for a CULT member to grasp, but some of us put the majority of blame on the guy running the country.

So nothings changed.

 

[White 6]

Well we know that no matter what happens, you’ll squeal about it and put a negative spin on everything President Trump does.

So, I assume you are part of the 39% that approve his job performance overall and the 37% that approve his handling of the economy.

 

[Delldude]

So, I assume you are part of the 39% that approve his job performance overall and the 37% that approve his handling of the economy.

Are those numbers accurate?