Normally I'd be willing to give any head of state some amount of benefit of the doubt that the recession might have occurred regardless of their actions. But in this case, the cause is obvious.
this post was submitted on 10 Mar 2025
193 points (99.5% liked)
News
26617 readers
3801 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
A huge recession... Tremendous... Greater than any recession of Biden or Obama...
So he is purposely and knowingly causing a recession. How much money is he going to make on stock options and how much is enough?
He seems to have manufactured quite the crisis. Is this what he meant by bringing manufacturing back to America?
Bravo
Are we winning yet?!
I'm so tired of all this winning
Autotune the news?
I was never about winning, it is about about the 'others' losing
CONGRATULATIONS!!!
Which we do you refer to?
Imagine having a president who openly and willingly crashes the economy and still having almost half the voting population support his geriatric ass. Life must be tough for the sane Americans.
The patients are running the asylum over there.
"... because we're bringing wealth back to America."
America already has wealth. Too much wealth and too much poverty. What America needs is more even distribution of funds/assets. Starting by ~~taxing~~ actually COLLECTING the correct percentage of taxes from people and companies hiding/hoarding their excess, and using it to help people with too little. And going on to restructure the tax brackets so excess wealth is recognized as the drag on the economy that it is. We already know billionaires and corporate monopolies don't create jobs or send money flowing, they stagnate the market and stifle productivity. They're never going to voluntarily change. So the IRS needs to be expanded, with a mandatory focus on the "whale" targets. Obviously not going to happen under the present oligarchy, but the present chaos makes it a good time for passionate progressive people to start campaigns for seats presently held by MAGAs and GOP suckups, DINOs and Dem weaklings.
Lutnick just forgot to add the word "disparity" after his "wealth".
Commerce Secretary Howard Lutnick told NBC News over the weekend, "There's going to be no recession in America,”
Well, a recession is two consecutive quarters of declining GDP.
The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts
WEST PALM BEACH, Fla. (AP) — Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn.
a recession is two consecutive quarters of declining GDP
If he crashes it hard enough in the first quarter, it can't decline more in the second! He's a genius!
Trump is basically manifesting a recession at this point. So easy and plain for all to see.