Is the White House trying to engineer a recession? This Wall Street pro explains the vision. (1 Viewer)

[jaypatriot]

I think the legacy will last long after Trump leaves office. From the POV of Europe and Canada, Trump decided to do a trade war with the US' traditional allies for no good reason, the GOP let him do it and the Dems were too weak to stop him. I think the thought in other Western countries is we relied too much on the US economically and the US is not as reliable as we thought. I think any short term gains the US gets from all this will be offset by the broken trust that will lead Western countries to better diversify their economies to rely less on the US.

Keep in mind, countries do what is best for its own people and not for another country.
Even rescuing Europe twice in the 20th century happened because America wanted a stable Europe to defend against the Huns and Russia.
Now here we are again in the 21st century. Germany, as well as France and the U.K. need to step up and defend against a hungry Russian Bear.
Do they have trouble seeing that?

 

[Captain Adverse]

All of you are missing what Trump is actually doing. He is not deliberately creating a Recession. What he is doing is filling the Treasury with money that was allocated for Ukraine, Dept. of Ed, USAID, Global Warming to name a few. Then, add to those funds, money taken in with tariffs. When all that maximizes, he will declare corporate tax break time and go laughing all the way to the bank with his share of tax break. For me, it's so obvious. There's nothing illegal here, it's just unethical which Donald's middle name.

All I can say in response to that is this:

 

[Gimmesometruth]

All I can say

You say nothing, as per usual.

Here is what the Atlanta FED says:

GDPNow Bouncing near Zero | Econbrowser

econbrowser.com