Posted on 03/10/2025 7:08:14 AM PDT by Miami Rebel
President Donald Trump declined to explicitly rule out a full-blown recession for the U.S. economy this year, telling Maria Bartiromo in a recent "Sunday Morning Futures" exclusive that the country will see a "period of transition" as his policies take effect.
"I hate to predict things like that," he said of a recession. "There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing… it takes a little time, but I think it should be great for us."
The president's comments come amid some business leaders' instability concerns over tariffs imposed on China, Canada and Mexico, as well as growing concerns of a potential economic slowdown.
The Atlanta Federal Reserve has predicted a contraction of -2.8% in the first quarter, Bartiromo pointed out.
Goldman Sachs raised the expectations of a recession within the next 12 months to 20%, while JP Morgan says the probability of a recession stands at 35%.
Commerce Secretary Howard Lutnick offered a more definitive answer when asked about the possibility of a recession on Sunday, telling NBC News' "Meet the Press" he would "never bet on" one.
"There's going to be no recession in America… no chance," he said.
We have been in a recession for well over a year right now. It has been masked by inflation and false government statistical reporting. Did anyone notice all the corporate layoffs that started last year? Did anyone notice the record number of businesses closings?
Now that we have a Republican administration, nominally in control of the government, all of the statistics get "adjusted", and here we have the "Trump Recession" for the Democrats to wail about.
Halting hundreds of billions of dollars in government theft will definitely cause "a period of transition". Where are all the grifters going to find new incomes to replace what they lost?
More importantly, where are all of the honest and conscientious government employees going to find new incomes to replace what they lost? Their former jobs simply are not needed and the people who did them are not at fault for that. The new economy must provide opportunities for willing and honest workers to make a good living.
In most cases, government needs to back out of the way and let people sort things out on their own.
A significant exception is when companies attempt to make new workers agree to pay "recruitment fees", or "training costs" as part of hiring procedures. That cannot be allowed or enforced by government policies. Imposition of "non-compete" terms on employees must be strictly disallowed. Agreed wages must be paid in full and on time.
Government still has a role enforcing certain uniform rules of conduct for all businesses, settling disputes according to a rule of law, and stopping predatory behaviors that violate that law. I am mindful that the worst predatory behaviors of business are ones that business executives can get government to protect and enforce with "laws".
"When buying and selling are controlled by legislation, the first things bought and sold are legislators". (P.J. O'Rourke)
A free-market economy in labor corrects most problems very quickly. Maybe we ought to try having one.
Local Miami media cuts Trump’s sound bite short, leaving out his comment about bringing back wealth. Instead, all morning media has been pounding the “RECESSION!” panic drum.
I remember we did have a recession early in Reagan’s tenure. We had to go through a rough patch after four disastrous Carter years.
So I wouldn’t be surprised if we experienced one.
“We have been in a recession for well over a year right now.”
I disagree that we’re already in a recession, but if you insist that one is unavoidable then you would agree that Lutnick shot his mouth off without clearing his comments with the White House.
I’m fine with this. Totally expected when making major changes. Things will be much better in a couple years.
Delusion.
36T in debt, growing each day. Do we all know what the interest rate is on that debt? About 3.3%, and growing.
This is a tiny number, with inflation about 2.5%.
That tiny 3.3% number generates $1.1T in interest expense.
Now we have a CR proposed. No significant changes in it. When it expires 1 Oct, the debt will have risen to about $38T. The 3.3% will be 3.5% (because there is so much of that debt borrowed in the 2010s at near 0%, expiring, and having to rollover to current rates well above 0%).
So 1 Oct. $38T and 3.5%. Interest 1.33T.
What are we gonna do. Swagger about and feel good about the few hundred B that DOGE found? There is talk of 1.5T in the House budget resolution.
OVER TEN YEARS. That’s a lousy 150B each year.
You know what happens the year after that is in place? Right. $40T and $1.5T interest.
NO, it is NOT a good start. It is no start at all.
I hope we don’t see any “green shoots” like in 2011 that never came for another 5 or 6 years or “transitory inflation” like we got ten years later that is still with us four years after that.
Are these the Soros media?
Stay away from open windows in Tall buildings.😂
stock market crash underway now
Someone was a good communicator.
Recessionary “transitions” lose elections.
A free-market economy in labor = Get rid of the H-1B visa.
The globalists are having a tantrum.
That works for me. The program should have been abolished decades ago.
Staffing agencies also should be limited in the conditions they can impose on employees or employers, particularly "no-hire" and "non-compete" provisions. Any sort of chargeback to employees should be disallowed.
Licensing requirements for a great number of professions and trades should be removed or greatly relaxed.
“The globalists are having a tantrum.”
Mom and Pop 401K investors aren’t feeling too chipper either.
“Get rid of the H-1B visa.”
Do you think all the tech oligarchs visiting the White House are worried about that?
Ah yes. The H1B visa.
All those who think a policy change on that will affect $36T in debt and its $1.1 T interest expense, raise your hands.
You ate though, you are enjoying this. Sicko.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.