Trumpcession is now underway

Compilation of best BS excuses so far:

- "it's just a market correction"

- "it's all Biden's fault, we had it coming"

- "a recession is needed to reset the economy"

- "it's part of a bigger plan to lower interest rates and fight inflation"

- "if inflation and the market tanking affect you, it's your fault for not being prepared"

Please add to the list!

When you have excessive spending there's bound to be some inflated numbers.

Can't wait for the markets to rebound and go on a run, they always do. Also looking forward to when it happens the same people blaming the market downturn on trump will be saying "The President has nothing to do with the stock market." That was all over message boards and comment sections in trumps first term. Regardless most Americans don't have $1000 for an emergency let alone any stake in the markets.

You seem to have forgotten about the $8T in debt incurred under Trump. Biden added the same amount while battling Trump-induced inflation, higher interest rates, and higher debt load due to Trump.

interest rates being incredibly restrictive was already cooling demand. Demand then abruptly surged ahead of tariffs nonsense. This cause a spike in inflation. Please try and keep up. Interest rates coming down abruptly is a bad thing. Means we are in a recession

You can seethe and cry that it isn't true all you want, but no amount of crying is going to make the fact that the Biden-era spending spree the inflation we see today. The way to combat this is to cut spending, slow the stock market to decrease investment spending and decrease consumer demand which prompts Fed rate cuts.

As for tariffs - yeah the whole point is short-term disruption as trade deals are restructured and jobs come back to the US. Uncertainty isn't inherently bad, especially since the US relied so much on foreign countries and had massive trade deficits that weakened US manufacturing.

Or you know, we can just keep spending $6 trillion a year like Biden and hope for the best.

I mean the pandemic hitting shortly after Trump's tax cuts didn't help the budget, but you're just making sh!t up about higher inflation and interest rates during the Trump administration. Inflation ranged from 1.2%-2.4% under Trump and 2.9%-8.0% under Biden (it was at the 1.2% low when Biden took office). Fed rates ranged from 0.25%-2.5% under Trump, but ranged from 4%-5% during the entire Biden administration. All of this happened because Biden saw the spending that occurred during the beginning of the pandemic, said "hold my beer" and spent that same amount for 4 years straight, leading to the inflation problem we have now.

The Biden administration was borrowing a trillion dollars every 100 days to prop up the economy, massive inflation was part of the result. This administration is trying to unwind a lot of that spending, since deficit spending contributes to GDP obviously a recession is coming. But what were going to see over the next few years is pain for the government sector and Wallstreet but a better result for the main street economy.

There's also a million laid off government employees and contractors to date so yeah the DC area is about to undergo a recession and likely a housing crisis.

Trumpflation, which is what it is, has a better ring to it. Orange Fatty owns it now. Hope you choke on your eggs.

Democrats are impotent right now so they've resorted to trying to scare/panic Americans....It's all they have....

You mean like 4 years of no recessions? Yea it will take at least 2 months to undo that.

Avoiding recessions by printing money and giving it to people is not good fiscal policy, but you would know that if you passed a high school economics class. You can frame the Biden L we all took any way you want in order to cope, it doesn't change the fact that it's going to cost us all now. Hopefully the Trump admin can soften the blow through enough deregulation and spending cuts.

So they’re impotent and they are causing this?

Okay boss. 🥴

Except Powell tightened the money supply and raised interest rates.

So your post is bullsh*t.

Exactly, the fed raised rates now we're all stuck paying the interest. The money comes from me and you, dumb@ss.

The hilarious idiocracy part is all of this was 100% done on purpose. A first. Its literally Canadian Bacon the movie. Trumptards are going to be hurting economically and wondering what happened. You cant help but feel...nothing for their plight.

Trump is an idiot, there are lots of those, they don't get to run the country because there is enough smart people to overrule the dumb ones. So 100% on GOP, not Trump. He can't help it.

So let me get this straight, it's all Biden fault and by the most amazing coincidence in history it's all coming home to roost precisely when trumptards took office? Yea.....

Causing "this" What is "this"?...lol....Democrats wringing their hands?