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

Discussion in 'BBS Hangout: Debate & Discussion' started by SamFisher, Feb 18, 2025.

  1. HP3

    HP3 Member

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    You dont care about your fellow man, when you said that, it was a lie.
     
  2. jo mama

    jo mama Member

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    claiming that "every single government organization" is "inefficient, unorganized, slow, wasteful, and superfluous" is a pretty "unhinged" comment.
     
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  3. SamFisher

    SamFisher Member

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    LOL, recession is "almost impossible"?

    It is not only possible, it is probable. Probably 99% at this point, barring some miracle like the administration resiginig or something or some panic when uemployment goes up by 1 million in a month.

    Decades of morons have normalized the idea that Government spending is a drain on the economy when it is exactly the opposite. It creates millions of jobs and injects trillions of dollars of value. Right now we are literally destroying it, full stop, across all sectors. We have stopped funding pretty much all basic science/medical research in the entire country.

    There's not a feedback loop where we have to wait & see - it's already happening.

    To answer your question? How many times have I been wrong about predicting recession? Probably never.

    Of course, I don't run around making recession calls Maybe during COVID, I didn't think the economy would bounce back as quickly.

    Anyway, the point is that *this is all voluntary* which is 1) a shame, and 2) you should protect yourself from it to the extent you can (saving money, etc, which will in aggregate mke the recession deeper, but i don't know what to tell you).

    Lots of good people are already being & will be hurt - I wish i was wrong here so much
     
    #63 SamFisher, Feb 19, 2025
    Last edited: Feb 19, 2025
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  4. Bandwagoner

    Bandwagoner Member

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    DC having its first recession in history might be a good change.
     
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  5. SamFisher

    SamFisher Member

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    Oh boy, looky here, it's the guy who was really upset about Hillary's email security, respectfully shut the **** up & never come back.
     
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  6. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    Yup. How many of the wealthiest zip codes in the country are in Washington DC? DC needs a bloodletting.

    We have to restore fiscal sanity -- and it starts with reducing government spending, which ballooned under Biden. If we don't restore fiscal sanity and lower the deficit, then the nation will crumble under its debt and a recession will be the least of our worries.

    Government is inefficient. Government has way too many employees. Government has an extraordinary amount of fraud. It is the DUTY of elected officials to improve this, which is what they are finally doing. It has gone on too long, and our nation's debt is threatening our way of life.


    GOOD DAY
     
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  7. Rocket River

    Rocket River Member

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    hhhhmmmmmm

    Rocket River
     
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  8. adoo

    adoo Member

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    dispense with this willful ignorance.

    Reagan and every one of his successors, both R and D, have spent more than the predessesor
    • Bush41, Clinton, Bush43, Obama, Trump1.0 and Biden

     
    #68 adoo, Feb 19, 2025
    Last edited: Feb 19, 2025
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  9. HP3

    HP3 Member

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    That's funny because the tax cuts are going to add to the deficit AND Trump wants to raise the debt ceiling, try again.
     
  10. DaDakota

    DaDakota Rockets forever!
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    So true, SO ****ING TRUE !!!!

    The Government is NOT a business, it's job is not profit but protecting the society in which we live, it's job is to invest into areas which will help this country in the future, with jobs, and keep us ahead of other countries in the world marketplace.

    Government certainly can have inefficiencies, but that doesn't matter, as long as society is safe, people are happy, and the countries economy is strong, that is what they are tasked with doing.

    I mean take the support we provided the UKRAINE, many people don't realize that the VAST majority of it was in replacing legacy munitions here in the country to update our military, while we sent old equipment and munitions over there, it was as much of an infrastructure deal as anything.

    The problem is that CIVICS is no longer taught, because the GOP realized having an educated voter base was going to bite them in the ass, because their ideas are wildly inefficient and unpopular.....so they cheat, they gerrymander, they cut education, they want people just ok enough no to riot, well, here we are, about ready to explode in riots, thanks once again to Trump's stupid and ignorant policies.

    Elon is cutting with a blasting torch and has no idea if what he is cutting is a support beam or not - cutting things like the agency that overseas our nuclear weapons is an example or not understanding how COBOL code works and thinking we are paying SS to dead people in 1850 - we are not, btw.

    A thoughtful culling would be welcome - but this disruptive deal will blow this country apart and create havok all over the world - because we won't be there to keep China and Russia in check.

    Trump and his IDIOT base just voted to **** over the entire world....

    DD
     
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  11. Ottomaton

    Ottomaton Member
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    I think it's almost impossible because our trajectory will throw us straight past recession into a full blown depression. Maybe its almost impossible it will "only" be a recession?
     
    #71 Ottomaton, Feb 19, 2025
    Last edited: Feb 19, 2025
  12. Bandwagoner

    Bandwagoner Member

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    No I'm the guy you were going to gloat at when Harris won and the Dems controlled the House.
     
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  13. Rocket River

    Rocket River Member

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    Man . . . Catching Elon holding court in the Oval Office
    while Trump sat there like a b**** was laughable
    Elon's son . . .. SONNED TRUMP - "You not president! You shouldn't be here"

    Trump just sat there and took it.
    He looking down and stupid
    Totally OWNED by Elon and HIS SON

    Rocket River
     
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  14. No Worries

    No Worries Member

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    I hear you. I am still waiting for that Biden Recession ... you know the one that is going to start any day now ... because Biden is old and does not understand things.

    I will hangup and listen ;)
     
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  15. No Worries

    No Worries Member

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    While fixing the above "problem" after spending five minutes looking into it is A-OK.
     
  16. No Worries

    No Worries Member

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    Since Leon has only been working in the WH for a month or so that would make Leon a ... probationary employee. It will be a sad day when Leon lets Leon go.
     
    #76 No Worries, Feb 19, 2025
    Last edited: Feb 19, 2025
  17. leroy

    leroy Member
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    [​IMG]
     
  18. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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  19. SamFisher

    SamFisher Member

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    There's a misconception that federal spending is just a DC phenomenon, solely spent on soulless faceless bureaucrats, who live their lives in luxury. (in reality, they are public servants who get paid less to do a job they love despite the conditions)

    The incoming *self-inflicted* Trump - Musk recession is not going to be localized. For example in red Missouri, in Kansas City, , 30,000 jobs are going to be lost directly and illegally, this will lead to indirect losses of 10's of thousands of more, due to closed offices, business bankruptcies, vendors etc.

    Couple that with rural Missouri/Kansas getting killled by USAID cuts - it's going to be bleak - the real economy nationwide is going to get smoked. Commercial real estate, banking - there is no sector that won't get ****ed, and since Musk/Trump t is purposefully sabotaging its ability to help in a depression, it's going to be one of the worst we've ever had.
     
  20. Os Trigonum

    Os Trigonum Member
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    https://www.wsj.com/opinion/the-oba...reaucracy-306f37bd?mod=hp_opin_pos_6#cxrecs_s


    The Obama Plan That Presaged DOGE
    Democrats missed an opportunity to head off Trump’s scorched-earth attack on government.
    By William M. Daley
    Feb. 19, 2025 at 4:49 pm ET

    Democrats are rightly denouncing President Trump’s scorched-earth assault on government agencies and functions. Yet they might have narrowed his options had they not blown chances to allow responsible reconfiguration of the federal bureaucracy.

    The best example is President Barack Obama’s 2012 proposal to merge into one entity the Commerce Department and five other agencies dealing with business or trade. “No business or nonprofit leader would allow this kind of duplication or unnecessary complexity in their operations,” Mr. Obama said in announcing the consolidation, which would have saved $3 billion over 10 years and eliminated up to 2,000 jobs.

    Unlike Mr. Trump, Mr. Obama approached the belt-tightening idea the right way: He sought congressional authority. The Consolidating and Reforming Government Act would have authorized the president to merge, eliminate or restructure agencies to improve performance and reduce costs.

    But lawmakers in Mr. Obama’s own party gave him a frosty reception. Senate Democrats, then in the majority, hunkered down in their familiar narrow lanes, protecting special interests and arguing that U.S. trade might suffer from the proposed consolidations. They bickered, dithered, and eventually buried Mr. Obama’s plan.

    Democrats could have undertaken a big, bold initiative to make government more effective and efficient. They missed their chance, allowing critics to keep portraying the federal government as an unresponsive, inefficient blob that grows fatter every year.

    For all his faults, Mr. Trump thinks big and swings for the fences. Yet while his wrecking-ball ferocity may eliminate some waste, it’s almost certain to damage the government’s ability to provide needed services. Liberals and good-government advocates are outraged, but millions of frustrated Americans are open to radical, blunt-force changes after so many years of timidity, inertia and governmental logjams.

    It isn’t too late to set a better course. Republican lawmakers must demand a smarter approach, and Democrats must enable presidents, including Mr. Trump, to reorganize the government in ways that might gain bipartisan support.

    Congress first granted reorganization authority to President Herbert Hoover in 1932. Lawmakers most recently gave such powers to President Ronald Reagan in 1984. But Congress let that authority end with Reagan’s presidency. Mr. Obama’s well-conceived plan was the ideal time to renew the strategy.

    Without a congressional mechanism for executive-branch reorganization, Mr. Trump is taking matters into his own hands—using a sledgehammer, not a scalpel. Courts may slow him down, but his breakneck pace is easily outdistancing legal procedures.

    Congressional Democrats missed their shot when their own man was in the White House. They should work with Republicans to establish a more orderly and accountable method for presidents of either party to reorganize government.

    This will require congressional Republicans to show far more backbone than they have thus far. It’s their chance to corral a chaotic and potentially disastrous process before it harms the nation. They can still allow Mr. Trump robust powers to reform agencies, but under a law that requires common sense and accountability. They should take their shot while they can.

    Mr. Daley served as commerce secretary (1997-2000) and White House chief of staff (2011-12).

    Appeared in the February 20, 2025, print edition as 'The Obama Plan That Presaged DOGE'.





     
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