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

Chomsky said:
www.forbes.com

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 www.forbes.com
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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!"
Click to expand...
That's not the narrative he ran on.
 
Chomsky said:
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.
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Presidents don't cause recessions. None of them have that much power.
 
EdwinWillers said:
No, that's just misrepresenting what I posted.

The point should be obvious - you expect the administration's efforts to curb our national debt and cut waste in the federal government to happen without any pain whatsoever.

In fact, you know full well that such efforts can be painful - for a time. But necessary as they are, we put up with the pain for the sake of the outcome.

If anything - this entire thread is an ad-hominem towards those who voted in this administration - presuming to make fun of people for assuming there'd be no pain.

That's your ad hom - not mine.
Click to expand...

Precisely what Trump was explaining when answering Maria's question. No pain, no gain. He's doing what is necessary for growing the economy.
 
rhinefire said:
Can't wait to see which of the ducks in a row Trump blames for the economy by July one. My guess is Elon the peon which is what Trump will do to him.
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I'm surprised he partnership even lasted this long, to be honest.
 
rhinefire said:
Can't wait to see which of the ducks in a row Trump blames for the economy by July one. My guess is Elon the peon which is what Trump will do to him.
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In the past Trump has thrown much bigger sycophants, u know what suckers under the bus than Musk.. Trump's 1st term no one had an exception from being thrown under the bus..
 
trixare4kids said:
Precisely what Trump was explaining when answering Maria's question. No pain, no gain. He's doing what is necessary for growing the economy.
Click to expand...
It's just more disingenuous BS complaining from the left. Heck, they were still cleaning up after the inauguration and the muckrackers were crying foul because egg prices hadn't dropped yet.

They're not fooling anyone - 'cept themselves. But then, they've wholly given themselves over to that cult decades ago. ;)
 
trixare4kids said:
Precisely what Trump was explaining when answering Maria's question. No pain, no gain. He's doing what is necessary for growing the economy.
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I'm sure Trump was very transparent about causing pain when he wanted to be elected right?

What's your timeline on all of this growth actually happening?
 
Chomsky said:
Ordinarily we might not blame a new President 2 months in - for a faltering economy. But in this case, it's self-inflicted & fair game.

There's not one pundit, analyst, broker, economist, corporate chieftain, etc., that is not (rightfully) blaming Trump.

A 6% market pull-back, upticks in inflation and unemployment, are not end-alls and are recoverable.
Click to expand...

Chomsky said:
But if the Atlanta Fed is accurate in their prediction of -2.5% (negative) GDP, yeah that's indeed a real concern.
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For now, it's a real concern for the first quarter only. The Atlantic Fed prediction is only for short-term volatility. Q1 '25.
 
EdwinWillers said:

(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???
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"collectivists"?

Komrad, we have new words to use.
 
Chomsky said:
www.forbes.com

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 www.forbes.com
--




--

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!"
Click to expand...
If the economy does falter, it’s Biden and Democrats fault.
Plus we need to suck it up. Nothing Trump could do to help.
 
trixare4kids said:
For now, it's a real concern for the first quarter only. The Atlantic Fed prediction is only for short-term volatility. Q1 '25.
Click to expand...

I agree we are currently at a point that does not make doom imminent.

It remains to be seen whether the Atlanta Fed prediction comes to fruition. -2.5 GDP would be a tall order, and I'm not sure I accept such a dire prediction.

However Trump is indeed injuring the economy fairly seriously, and he can really blow-it-up if he continues. And God forbid if Atlanta is right, because a -2.5 GDP would mean he has to correct course immediately to save the economy.
 
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Chomsky said:
I agree we are currently at a point that does not make doom imminent.

It remains to be seen whether the Atlanta Fed prediction comes to fruition. -2.5 GDP would be a tall order, and I'm not sure I accept such a dire prediction.

However Trump is indeed injuring the economy fairly seriously, and he can really blow it up if he continues. And god forbid if Atlanta is right, because a -2.5 GDP would mean he has to correct course immediately to save the economy.
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Trump says tariffs could go up.

 
Chomsky said:
No way did Trump promise pain, until his efforts started backfiring.
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Nice twist of my words and his political campaign promises.

Chomsky said:
I agree we are currently at a point that does not make doom imminent.

It remains to be seen whether the Atlanta Fed prediction comes to fruition. -2.5 GDP would be a tall order, and I'm not sure I accept such a dire prediction.

However Trump is indeed injuring the economy fairly seriously, and he can really blow-it-up if he continues. And God forbid if Atlanta is right, because a -2.5 GDP would mean he has to correct course immediately to save the economy.
Click to expand...
You're fear mongering.
Trump has pulled back on tariffs at least for another month. Between now and then, we should enjoy each day. :)
 
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