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

I haven't heard one person on the right bring up the cost of eggs since Trump took office.

Regarding vacations?

If Obama or Biden had done anything remotely like this, the right would have raised bloody murder. Obama got called to the mat for going to someone else's golf course.

Obama ‘Takes More Vacations Than Any Human Being I’ve Ever Seen’
Donald Trump, August 17, 2011

Not Only does Trump take a crap load of vacations but it's to his personal businesses. He basically puts the trip on the company AmEx, at a rate I'm sure he has negotiated, which goes directly into his own coffers ...on our dime. But worse than that, it's not just HIS room we are paying for, it's for the whole entourage. It's a giant boondoggle. I'm sure he's not comping the trip or even giving a discount.

It's absolutely unethical and a clear example of political corruption.

But of all the unethical stuff he does, just toss it in the pile. It's just too much for the human brain to comprehend so he gets away with it.

 

Trump has wasted more than 100m of tax payers money on his golf excursions.

DD

 

this buffoon is clinically r****ded

he’s just saying sh*t just to say it atp

 

Because it decrease our purchasing power. This isn't a 3rd world country where we are exploiting cheap labor.

Neither party won the deal. They both lost. EU corporations lost. American consumers lost.

 

Who says that like it was a good thing? Nobody should be going to emergency rooms for care that is non-emergency.

 

Yeah, exactly. It's not even close to the same thing as providing preventative care, checkups, screenings, testing, followups, dialysis, chemo, prescription drugs, prenatal and antenatal care, and so on, like most modern world countries provide, or at least supplement to make healthcare affordable for all. In fact, all most every country in the world provides baby leave on top of it.

Just more straw grasping for reasons to act like Trump and the GOP really gives a damn about quality of life and healthcare, babies, and mothers.

The party that pretends to care so much about family, and goes on and on about wanting Americans to have more babies, doesn't care if that family can even afford the healthcare to live a healthier life.

Remember how Trump campaigned on calling himself the 'Father of IVF' ? Just one of the many lies he campaigned on to get elected. It's not surprising that he would flat out lie to get more women votes though, but at least most women voters didn't trust or believe that lying creep and bullshit artist.

 

Economy that grew at an annual rate of 1.2 percent over the first half of the year, a notable downshift from its 2.4 percent pace at the end of 2024. The S&P 500 index, which has been on a tear since mid-April, reacted by shedding 2.5 percent of its value this week.​

 

'US economy On the precipice of recession' that
not even the Fed may be able to rescue the US from a downturn

​

"With inflation on the rise, it is tough for the Fed to come to the rescue," Zandi, Chief Economist at Moody's said.

But Zandi thinks a recession is coming regardless, and rate cuts won't be able to offset two forces he thinks are pressuring the economy:
tariffs and immigration policy.

"The tariffs are cutting increasingly deeply into the profits of American companies and the purchasing power of American households,"
he said. "Fewer immigrant workers means a smaller economy."

While Zandi acknowledged that the unemployment rate has remained low, he added that the growth of the US labor force has
"gone sideways" as participation falls and the foreign-born workforce continues to shrink.

Recent data show that the US labor market is struggling more many observers thought. Figures from the Bureau of Labor Statistics
showed that US employers added 73,000 jobs in July, much less than economists were expecting. Many job seekers have also reported
bleak prospects as companies scale back hiring, attributable to uncertainties surrounding Trump's ill-conceived tariffs, aka, Trump TACO

 

When the Market decide that the Fed will act to control inflation while the job market craters ... **** ... will ... hit ... the fan. It is just a question of when.

The jobs numbers from the last quarter show that businesses are struggling with Trump's tariff chaos. Trump thrives on chaos while The Market and businesses do not.

The self inflicted Trump Recession will be what Trump is remembered for,

@Nook what a visionary Trump is?

 

You don't get it - when I say a visionary, I mean that he knows what buttons to push, how to get people to vote for him and how to consolidate power-- and he has already done that when no one thought he would be able to do that. He has already comeback from the dead numerous times. He wants chaos, he doesn't care about what is the greater good.

Also - I have heard that we are near a recession and economic doom since December --- it is now 8 months later, and there is still not a recession and the world has not ended. There may well end up being a recession (I am strongly against Trump's economic policies) but coming out and spreading doom prognosis' for long periods of time before anything happens only hurts the political messaging, as eventually people tune it out.

When a recession hits - then slam and hit Trump, and will be more effective than 8 months of the sky is falling.

 

Economic doom and gloom was predicted by mainstream everyone since ~2022 based on flawed assumptions. Economy was in doom and gloom since election year by Trump and the right. Didn’t hurt their political messaging (it’s the opposite - they won on that message).

Not saying the other side should do that- I’m against it simply because it’s all lie, but politically, it’s proven to be advanteous, at least by Trump and his sidekick. Same for doom and gloom with crimes, immigration, trans, and so on.

p.s. the economy is in fact slowing down and hiring is drying up- prediction of a recession is solidly backed by these facts, not assumptions.

 

The Democrats are not good at it - they just aren't, they are better off offering alternatives and their own vison - not claiming for many months on end about how the economy is collapsing and Trump is the anti-Christ.

As far as predicting a recession and having a solid basis for it - it has been predicted for years now, and it has been acute since Trump was elected. Until it happens, discussing it any further isn't going to get the Democrats anywhere.

I am not a supporter of Trump's "economic" program. I don't think that many experts support it either. I will not be at all surprised if there is a recession, and I fully expect long term negative consequences for what Trump has done on many fronts - he is the worst US president in my lifetime, but also the most powerful. A lot of this, comes down to messaging and the Democrats suck at it.