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

[TimFitz]

How gullible can you possibly be????

I don’t believe in magic computers.

You do.

Which answers your question.

 

[Independent thinker]

I don’t believe in magic computers.

You do.

Which answers your question.

Prove I believe in magic computers.

 

[dudmuck]

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

 

[JimH52]

‘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.’

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archive.ph

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

Because trump is a Moron.

 

[John Edgar Slow Horses]

MAGAmoronalicious.

 

[JimH52]

MAGAmoronalicious.

Interesting the one US car not effected is the Teslanazi car.

 

[JimH52]

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

If Biden were cheering for a recession, repub's heads would be exploding.

 

[initforme]

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

Hmmm. Well that's good because gas prices here are up 25 cents in the past month.

 

[John Edgar Slow Horses]

Hmmm. Well that's good because gas prices here are up 25 cents in the past month.

We have been around the same for three months now.

 

[gtopa1]

IF the MEASURE of GDP and Inflation go NEGATIVE it may well be that the Supply side of the economy has seen large drops in COSTS due to the unfettering of energy and associated /multiplier costs. IF that is the result of cutting costs of production (energy and costs of compliance wrt regulations) then it is not really a traditional recession but a win win for consumers.

BRILLIANT INDEED!!!!!!!!!!!!!!!!

Greg

 

[JimH52]

Hmmm. Well that's good because gas prices here are up 25 cents in the past month.

Yup, 16 cents OVERNIGHT....

 

[pknopp]

The way things are going, Trump is going to need another Covid to create an excuse for the economy.

 

[August West]

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

1.6% plurality is a landslide? How long are you going to cry about your employer making you wear a mask?

 

[JimH52]

The way things are going, Trump is going to need another Covid to create an excuse for the economy.

I don't even think COVID could lift trump out of the disaster he is creating.