trump's hope is this all blows up after he is out of office. That is not our hope, because it would come close to destroying America.
Trump now says his polices may cause a recession
- Thread starter Cypress
- Start date
Teflon Don
I'm back baby
It will be ok. In the long term recessions are good things. Clears out misused capital. You are correct that people try to avoid them but it only makes those that we have much worse because they kick the can down the road and don’t want to accept pain. This is a necessary occurrence. I will be fine. Will you?Trump Says a Recession Might Be Worth the Cost. Economists Disagree.
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.
Trump Says a Recession Might Be Worth the Cost. Economists Disagree.
President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.www.nytimes.com
BartenderElite
Verified User
That's a new one.
Teflon Don
I'm back baby
No it’s just basic economics. Since the formation of the fed, recessions have been worse. Because the wizards of smart think they can outsmart common sense. They can’t.