[Pain] HUGE, self-inflicted Recession incoming due to Trump/Musk

It wasn't a surprise to maga rally attendees.

Libs are only caught by surprise from gaslit news sources thinking Bidenomics was great for all Americans "because of the positive numbers"

 

https://finance.yahoo.com/news/musk...s-republican-allies-stomach-it-205754834.html
Musk agrees his cuts would cause economic pain. But, if elected, could Trump and his Republican allies stomach it?
Janna Herron · Senior Columnist Wed, Oct 30, 2024, 1:57 PM 4 min read
American consumers are finally feeling more confident. But they should brace for an "initial severe overreaction in the economy" if Donald Trump wins a second term.

That's according to an X post Tuesday that Elon Musk agreed with, predicting how Trump's mass deportations and Musk's proposed $2 trillion cut to federal spending would play out. The billionaire executive also said the effort would lead to "temporary hardship" in a virtual town hall last Friday.

What's interesting is that Musk seems to acknowledge what economists have largely been warning the American public about when it comes to Trump's policies, specifically his tariffs, grab bag of tax breaks, and mass deportations.

Some experts, though, are not too worried about the worst of the potential fallout, largely because they bet Trump won't be able to stomach the economic backlash to his own policies.

"Trump's going to do it until he doesn't do it," Michael Pachter, a managing director at Wedbush Securities, said when talking about Trump's tariffs. "If he gets elected, tariffs will last about a month, the economy will go terrible. Every adviser he has will tell him this is stupid and they'll stop it."

"So it really won't be a long-term thing," he added.

That's a big gamble when it's Americans' financial well-being at stake.

These are the words economists across the policy spectrum have used to describe the not-so-rosy outlook for the economy if Trump follows through on several of his policies, some of which he doesn't need Congress to approve.

In short order, mass deportations of undocumented workers would massively disrupt the workforces of major industries, including agriculture, construction, services, and manufacturing. An acute labor shortage would thrust prices higher for products these industries produce.

Musk's promise to slash federal spending by $2 trillion as head of Trump's new Department of Government Efficiency comes with its own pain. Last year, the US spent $6.1 trillion, so Musk is looking to reduce that by a third. What would he cut first?

Let's take a look.

 

I've never mentioned any of what you wrote. Can you search better than your talent of making **** up?

I have mentioned Government hires skewing the overall jobs stats for at least 6 quarters, and maybe even further back.

Your twit posts in the OP is now claiming that gov cuts alone will sink the economy into a recession. Is there an infinite money hack where we can fund all of those jobs while running up trillion dollar deficits in order to play make believe that the economy was good without government interference?

I hardly believe MAGATs take in everything they hear, but when you have Authoritarian like leaders telegraphing what they do, it shouldn't be a surprise when they do it. What it does mean is that his believers will dig in until midterms to see if it works or not.

Shame on us?

 

Far left garbage.

 

.. lol back to spewing braindead economic conspiracies. The % of government employees of the total workforce is lower today than 2019 at the peak of Trump admin



I just don't understand why you do this to yourself

What did he say that was wrong? Tell us exact stats that are wrong in his post

 

Damn those pesky facts having a Liberal bias!

 

Cutting unproductive federal employees is how @SamFisher thinks a recession is created. What a dunce!

The road to financial ruin comes from spending $2.5 TRILLION more than you take in each year. That's the course Biden put us on. Trump is pulling us out of the debt ditch and modernizing government. And he's using some of the brightest American minds from Silicon Valley to make it happen. It's a beautiful thing to see. The stock market is near all time highs -- they fully agree with the need to make necessary cuts to government. (but don't listen to the voice of broad and deep financial markets, instead listen to the angry liberal who last week encouraged us all to stand on the street with signs and yell at passing cars).


GOOD DAY

 

Oh that’s cute, you think these cuts are going to help the economy. No, they will be used to justify tax cuts to the top 1%. Said tax cuts will increase the deficit. You know like the last round of Trump tax cuts did. But you casually forget that don’t you.

This will have a ripple effect on the economy. A true audit takes more than a few weeks for cuts to begin. If you cut too quickly and without proper research you end up cutting things that are actually needed, but it’s not like that has already happened. ……

The real problem is people don’t know how government jobs actually work. They don’t know all the services provided that would be much more expensive if provided by the private sector. But that’s what these billionaires want. They want to strip down government so they can transfer that service to the private sector and make more money. It pains them to see the government providing a service that they could charge soooo much more for. So when the rich talks about government waste, just know that’s the waste they are really talking about. The wasted opportunity to charge more for a service than the gov does.

But hey, enjoy cut season. Your team is really owning the libs.

 

Like what, mail delivery and space exploration? Oops, both are vastly superior in the private sector. Long list of further examples.
The team with the best technology, best people, and best incentives wins. Always. And that's NOT the government.

DOGE cuts will fund a DOGE dividend to the people. Share the gains that were created. Already around $5k per American family has been saved by DOGE. And that's in ONE MONTH. Amazing.


GOOD DAY

 

What? How is data like that far left?

 

So you rail on deficits but then talk of getting a dividend from the Doge cuts. A weeeee bit hypocritical. You are getting 2 things from these cuts. 1. Jack 2. Squat. Don’t kid yourself.

Just because someone says something is happening does not mean it’s happening.

If I said I just made a million dollars from shorting doge coin last month, would you believe me? Or would you want to see some receipts beyond words. These guys are not providing receipts. They will come, unfortunately we will be stuck with the bill.

But let’s be transparent here, you don’t care. So much of your identity is tied up into this movement that anything they do is good. They could claim your home as theirs and you would convince yourself that it was the financially prudent thing to do. Your blinders are on so tight you can’t tell your elbow from your A hole.

 

you suck at math. There are over 330 million people in this country. You are saying Doge has cut 1.6 TRILLION DOLLARS in a month? That’s roughly 1/4th the entire budget. If that’s true we don’t have a recession coming we have a depression coming. Especially with those tax cuts coming.

Sorry but your reply’s just scream “not a serious person”

 

um . . . 5k per family is the claim. There are approximately 85 million families and/or 127 million households. Not sure your math adds up.

 

Where to, if you did leave?

 

I hope a recession or depression isn't coming, but we'll see. I hope it wakes up the MAGA morons across the board.

 

LOL, you just failed your math and reading comprehension test. Unless you claim that the average size of an American family is 1. LMAOOOOO


GOOD DAY
(you lose again)

 

Learn how to roll burritos.


Chipotle Mexican Grill to hire 20,000 additional workers for 'burrito season'
(Reuters) - Chipotle Mexican Grill will hire 20,000 additional employees for the period of March to May as the company gears up to cater to a surge in demand for its so-called "burrito season" during spring.

Demand for Chipotle's premium burritos and bowls has been stable, even as value-seeking diners have tempered their spending on fast food amid inflation and lack of wage growth.


The company, which operates over 3,700 restaurants in the U.S., had last year hired 19,000 additional workers, both full-time and part-time, to deal with increased footfall in its busiest period of the year.
​

 

Trump got a boost by insisting his name be on the COVID checks and the lesson was learned. Need to improve the image? Send out checks with your name on them. Pay out $5,000 to Americans so you can steal their future.

Whoever said we are on our own is correct. We are on our own to take care of our family, to educate ourselves, to medically care for ourselves, and to do our best to limit the individual bad outcomes from climate change. Any effort to address problems at a societal level seems impossible now and the ones we had addressed are being sabotaged. It's like every day is now the day Bud Adams moved the OIlers, but these guys are on lower rungs of Hell than ol' Bud.

Might be time to get together with family and friends to draw up some plans for the future because there will be at least a little strength in numbers--but we have become so atomized economically it that will be tough for many to do.

Well, it was good while it lasted, which thankfully was most of my life--but my kids can't say that.

Good luck all.

 

no, but you're parroted the nonsence that the Fed is wrecking its balance sheet

so parrots one who had previously parroted the false / nonsensible spin that the Fed is wrecking its balance sheet when the opposite is true,
https://www.gisreportsonline.com/r/us-econ-republicans-democrats/#toc-pos-conclusion

Total assets of the U.S. Federal Reserve Bank
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