Recession is good because it will inflict pain on liberals. Trump is the perfect candidate to do that, because he doesn’t have re-election concerns, and he may not live long as an 80 year old. The suicide bomber type of presidency is what’s needed to reset the America, so true patriots can ride tractors and retake the nation.
A recession can be a beautiful thing. Many people are afraid, very afraid of a recession. But think of a recession like a big, beautiful fire that ravages through a neighborhood. It cleans, it gets rid of all the dead wood and makes room for big, beautiful new developments.
A recession can be a beautiful thing. Many people are afraid, very afraid of a recession. But think of a recession like a big, beautiful fire that ravages through a neighborhood. It cleans, it gets rid of all the dead wood and makes room for big, beautiful new developments.
I got rich after the last one, I have more common sense than the average bear though. Perhaps one of you can join me and leave your average life behind.
Yeah but didn’t you know that a recession is a good thing? That’s the latest messaging from the right. Recessions are good. Soon they will be telling us that inflation is also good.
I doubt this is an original thought but I am starting to wonder if part of the reason President Musk is doing this to our economy is to force the Fed to lower interest rates. I think the billionaire class is cynical enough to crash the economy so they can get better borrowing rates.
Anyway, OP, recessions and perhaps even depression are good now—try and keep up.
but, more importantly, Trump knows a recession is already baked in (ISM surveys and other forward looking surveys said growth was slowing before he took office) and better to get it out of the way early so as to recover from it mid-term.
This of course. Trump told us in the lead up to 2020 that if we elected Biden we would have a '29 style depression. He just neglected to tell us that we would have to reelect Trump in order to finally trigger it.
The stock market hates, and punishes, uncertainty.
With all the back and forth on tariffs and international affairs, and the present defensive tone of the US administration on a potential recession, the stock market will tank, and then the economy will follow.
Be prepared if you can.
Yeah but didn’t you know that a recession is a good thing? That’s the latest messaging from the right. Recessions are good. Soon they will be telling us that inflation is also good.
I doubt this is an original thought but I am starting to wonder if part of the reason President Musk is doing this to our economy is to force the Fed to lower interest rates. I think the billionaire class is cynical enough to crash the economy so they can get better borrowing rates.
Anyway, OP, recessions and perhaps even depression are good now—try and keep up.
The whole point is to force the Fed to cut rates. Biden left a ticking time bomb. He did nothing to address inflation. As a result, deficits were growing rapidly the past few years as old treasuries were being replaced with new treasuries at higher rates on the giant pile of debt. Every year he allowed that to continue costs us another $250 billion extra a year in interest increases. We need about 2% in rate cuts just to get to the point where interest on the debt starts to decline. The eventual rate cuts will benefit ALL OF US, not just the rich. If we were to continue Biden’s policies, we would end up in a financial death spiral. Job cuts and the end of stimulus will lower costs, lower inflation, and get to a healthier economy.
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting cle...
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