[Check out TSLA, by the way.]
any one who thought there would not be a period of adjustment with all this good change is a fool.
Tough times is the cure. stay in the boat.
Not a recession but to fix our problem created over the past 40 years there will be a small amount of transition pain, it is un-avoidable.
When Reagan started in ‘80, there was a huge mess to clean up.
Very similar to now.
Going from government print and spend, to a real production economy is going to be transition.
Yes, it’s better than the ‘transition’ of hyperinflation and collapse of the Republic (Weimar style) that the Democratic Socialists and Socialist Democrats were planning, but it’s still painful.
The only thing that I hope for is that this gets turned around BEFORE the mid-terms. If the economy is tanking in early 2026, Trump’s agenda could be doomed.
But, it will still be easier to take than the last 4 years.
Ambiguity is the only possible response when tariffs “could go up, could go down, could be 10% or 250%....” I just think, I just hope we’re bringing back great wealth...And why Canada and Mexico, by the way ? We are not supposed to question this could be part of a larger harebrained scheme ?
People hate change, they get all freaked out.
Wall Street is basically legalized gambling. It isn’t Main Street
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’m fine with this. Totally expected when making major changes. Things will be much better in a couple years.
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.
stock market crash underway now
First one through the wall always gets bloody. Always.
Moneyball
In the short run tariffs can be rough - in the long run - as a tactic or a reality - they’ll help with what we’re dealing with.
Trump is in a great position.
He is not running for re-election.
He’s not thinking about the next election.
He could care less about the Republican wing of the uniparty.
What has it EVER done for him but sabotage his first term signature issue of building a wall?
He owes them nothing while they owe him a lot.
He won by a landslide and the uniparty stooges could not translate that to more than a five seat House majority.
That is political malfeasance on the part of those running for election.
Trump is not worried about no stinkin’ recession.
Why not?
Because he is smart enough to know that he is going to get FRAMED with one by all the two fisted economists and Elite Stream Media anyway.
Remember what Harry Truman said about economists being two-fisted because if you asked them a question they would use double speak by saying on one hand you have this but on the other hand you have this.
You can see it coming, Elite Stream Media and the Deep State is going to try to say the economy is much worse than it is.
Trump ain’t buying it, he is going for TRANSFORMATIVE CHANGE now because he knows, it’s now or NEVER.