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

Chomsky

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Trump Downplays Stock Market Drop, Won’t Deny There Could Be Recession This Year

“I hate to predict things like that,” Trump said when asked if there would be a recession this year.
www.forbes.com
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President Donald Trump did not deny there could be a recession this year under his leadership, telling Fox News there would be a “period of transition”
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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.
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Trump is expected to implement more tariffs this week
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This morning on Fox News - the President did not rule-out the possibility of a Recession, and claims he does not pay attention to the Stock Market.

He predicts there will be a "Period of Transition".

I would respond,

"We've noticed!"
 
Magas....
In their infinite wisdom, thought it a good idea to elect a guy who bankrupted 6 (six) casinos, to "fix" the economy.
The six bankruptcies were the result of over-leveraged hotel and casino businesses in Atlantic City and New York: Trump Taj Mahal (1991), Trump Plaza Hotel and Casino (1992), Plaza Hotel (1992), Trump Castle Hotel and Casino (1992), Trump Hotels and Casino Resorts (2004), and Trump Entertainment Resorts (2009).

Now, I see nearly every one of them here, on this forum, whining at being called "stupid".

This is, by far, the most ignorant and illinformed electorate in the history of America.
 
Michael Cole said:
Okay, the obvious question is what are we transitioning to? The next question is why? Does Trump give us any indications?
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Trump can't say. He says he won't speculate - which is why he couldn't assure the public he won't cause a recession.

His people are doing quick damage control, assuring there won' be a recession - while blaming Biden for Trump's current economic woes.
 
Chomsky said:
Trump can' say. He says doesn't know - which is why he couldn't assure the public he won't cause a recession.

His people are doing quick damage control, assuring there won' be a recession - while blaming Biden for Trump's current economic woes.
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Narrator Voiceover: "And the recession began soon after"
 
Michael Cole said:
Okay, the obvious question is what are we transitioning to? The next question is why? Does Trump give us any indications?
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A Russia-style dictatorship surrounded by oligarchy growing fatter and fatter on increasing amounts of wealth hoovered up from everyone else.
 
The Hairy Fiddler said:
Pre election.....Trump lied. News at 11.

People are going to feel his wrath at all levels....except at the top.
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I don' know. The Trump Faithful seem ready to sacrifice themselves for him. I even met one in the supermarket, who told me she is willing to "bear the costs!".
 

(Forbes) Trump Won’t Deny There Could Be A Recession—Warns Of ‘Period Of Transition’ In Economy​


Seriously now - did the collectivists here not anticipate some interim effects of the administration's efforts at reigning in our out-of-control spending?

Have collectivists here never had to get themselves out of debt???
 
What the **** are you talking about? "Collectivists"?

Is that the new Hannity buzzword?
 

I increased my revenue. I didn’t burn my house down and go live in a tent.
 
trump tough like daddy
 
I agree that the GOP was stupid for believing that inflation would come down after Trump was elected.

Trump will juice economy, curb inflation — after the Kamala Harris-Joe Biden horrors

Donald Trump’s economic vision, which he outlined Thursday, couldn’t be a more radical — and encouraging — departure from the Kamala Harris-Joe Biden economic horror show.
nypost.com
 
Well, he's doing his best to create it, so it's not that hard for him to predict. But my question would be: a transition to what?
 
Mr Person said:
A Russia-style dictatorship surrounded by oligarchy growing fatter and fatter on increasing amounts of wealth hoovered up from everyone else.
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I'm almost getting ready to buy into the, "Crash the Government & Economy - so the Oligarchs can pick-up the Pieces" theory!
 
This is where Trump fans try and claim recessions are actually fantastic for everyone and if you don't like it then you obviously hate America.

Yep millions becoming unemployed and savings being wiped out is just the greatest, thanks Trump!!!!!!!!

Just think of all the extra free time those people will have to go out and enjoy themselves.
What a time to be alive.
 

Your response to your Presidential choice causing a faltering economy is to hurl ad hominems at others?
 
Chomsky said:
I don' know. The Trump Faithful seem ready to sacrifice themselves for him. I even met one in the supermarket, who told me she is willing to "bear the costs!".
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They say that now. A different tune come Mother's Day. Remember, these are people that are cult members. Separating will take time. Little things like foreclosures might have an impact.
 
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