Trump Says a Recession Might Be Worth the Cost. Economists Disagree.

[C_Clayton_Jones]

‘Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.

But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.

Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

Such comments may partly reflect an effort to align political statements with economic reality. Mr. Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.”

Instead, inflation has remained stubborn, and while Mr. Trump has been in office less than two months, economists warn that his tariffs are likely to make it worse. Measures of consumer and business confidence have plummeted and stock prices have tumbled, attributable in large part to Mr. Trump’s policies and the uncertainty they have caused.

“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” said Sean Vanatta, a financial historian at the University of Glasgow in Scotland.’

Loading…

archive.ph

It’s the kind of language coming from a coward and liar – Trump is both.

 

[Rogue AI]

The American people decided the liberal alternative of simply throwing more borrowed money at every problem was not acceptable. You folks only have yourselves to blame. Stop whining.

 

[jbrownson0831]

‘Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.

But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.

Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

Such comments may partly reflect an effort to align political statements with economic reality. Mr. Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.”

Instead, inflation has remained stubborn, and while Mr. Trump has been in office less than two months, economists warn that his tariffs are likely to make it worse. Measures of consumer and business confidence have plummeted and stock prices have tumbled, attributable in large part to Mr. Trump’s policies and the uncertainty they have caused.

“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” said Sean Vanatta, a financial historian at the University of Glasgow in Scotland.’

Loading…

archive.ph

It’s the kind of language coming from a coward and liar – Trump is both.

312-226....looks like mommy may have voted for Trump, facediaper, since it was such a landslide.

 

[jbrownson0831]

‘Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.

But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.

Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

Such comments may partly reflect an effort to align political statements with economic reality. Mr. Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.”

Instead, inflation has remained stubborn, and while Mr. Trump has been in office less than two months, economists warn that his tariffs are likely to make it worse. Measures of consumer and business confidence have plummeted and stock prices have tumbled, attributable in large part to Mr. Trump’s policies and the uncertainty they have caused.

“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” said Sean Vanatta, a financial historian at the University of Glasgow in Scotland.’

Loading…

archive.ph

It’s the kind of language coming from a coward and liar – Trump is both.

Inflation is down along with egg prices, the opposite of your babble here....

 

[John Edgar Slow Horses]

What an idiotic thing to say: Trump Says a Recession Might Be Worth the Cost

 

[Darkwind]

What economists say this? Provide names.

 

[John Edgar Slow Horses]

What economists say this? Provide names.

No deflection allowed, windhole.

 

[Darkwind]

No deflection allowed, windhole.

So, no economists at all. If they cannot be brave enough to put their name to their statements, then they're not worth consideration.

There was time when unnamed sources was considered the very lowest form of journalism.

 

[John Edgar Slow Horses]

So, no economists at all. If they cannot be brave enough to put their name to their statements, then they're not worth consideration.

There was time when unnamed sources was considered the very lowest form of journalism.

Then the BDS MAGA broke it bigly.

 

[Independent thinker]

‘Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.

But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.

Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

Such comments may partly reflect an effort to align political statements with economic reality. Mr. Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.”

Instead, inflation has remained stubborn, and while Mr. Trump has been in office less than two months, economists warn that his tariffs are likely to make it worse. Measures of consumer and business confidence have plummeted and stock prices have tumbled, attributable in large part to Mr. Trump’s policies and the uncertainty they have caused.

“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” said Sean Vanatta, a financial historian at the University of Glasgow in Scotland.’

Loading…

archive.ph

It’s the kind of language coming from a coward and liar – Trump is both.

Here's the beauty of it: A recession will help lower prices to the poor and the middle class and most of the jobs lost will be from the government bureaucracy of waste and fraud, lowering our deficit and easing inflation even more.

 

[John Edgar Slow Horses]

Here's the beauty of it: A recession will help lower prices to the poor and the middle class and most of the jobs lost will be from the government bureaucracy of waste and fraud, lowering out deficit and easing inflation even more.

Nope.

 

[munkle]

Mild recessions are actually deflationary tools. What "economists?" Robert Reich?

 

[citygator]

"These losses will help us more than you know" - Quote of every losing coach shortly before he was fired.

 

[TimFitz]

The American people decided the liberal alternative of simply throwing more borrowed money at every problem was not acceptable. You folks only have yourselves to blame. Stop whining.

The Trump mob fell for his empty promises.

Meanwhile I tend to go right on borrowing and spending.

The absurdity of it is that Trump started hinting at causing a recesssion, and his cultists actually cheered for it.

 

[TimFitz]

Mild recessions are actually deflationary tools. What "economists?" Robert Reich?

We know.

Thanks to Trump and Musk, our 401K’scare deflating.

 

[TimFitz]

Here's the beauty of it: A recession will help lower prices to the poor and the middle class and most of the jobs lost will be from the government bureaucracy of waste and fraud, lowering our deficit and easing inflation even more.

How gullible can you possibly be????

 

[TimFitz]

So, no economists at all. If they cannot be brave enough to put their name to their statements, then they're not worth consideration.

There was time when unnamed sources was considered the very lowest form of journalism.

Journalism?

You don’t even know what that is.

 

[struth]

‘Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.

But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.

Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

Such comments may partly reflect an effort to align political statements with economic reality. Mr. Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.”

Instead, inflation has remained stubborn, and while Mr. Trump has been in office less than two months, economists warn that his tariffs are likely to make it worse. Measures of consumer and business confidence have plummeted and stock prices have tumbled, attributable in large part to Mr. Trump’s policies and the uncertainty they have caused.

“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” said Sean Vanatta, a financial historian at the University of Glasgow in Scotland.’

Loading…

archive.ph

It’s the kind of language coming from a coward and liar – Trump is both.

inflation has remained stubborn? The inflation rate dropped last month to 2.8%, lower then what Wall Street and the economist projected....

Inflation Plummeting, New Data Shows​

Inflation plummeting, new data shows

According to one real-time price data aggregator, inflation has slowed to its lowest level since 2020.

www.newsweek.com

New data suggests a notable deceleration in the U.S. inflation rate, potentially offering some relief to both consumers and policymakers.

According to Truflation, a blockchain-based provider of real-time economic data, inflation has slowed to around 1.3 percent, having dropped to below the 1.5 percent mark at the start of March. By Truflation's readings, these are the lowest levels inflation has reached since December 2020. It peaked at over 11.5 percent in June 2022.

 

[Independent thinker]

How gullible can you possibly be????

How gullible can you possibly be????

 

[MagicMike]

Only a little more than half the electorate decided that and that's only because that half is a bunch of dumb-shit cultists who literally worship a has been, second rate, reality TV show personality and renowned pathologically lying con man and convicted felon to the point where he could wrap his shit in gold leaf and tell them it's worth something and sell it to them.
The people who elected this incompetent shoe clerk just don't understand very much.