Here’s the amazing thing: a recession would be *entirely self-inflicted,* turning a nicely running economy into trash, and all over petty grievances and a complete lack of basic economic understanding - ThreadSky

kidsilverhair.bsky.social • 5 hours ago

Here’s the amazing thing: a recession would be *entirely self-inflicted,* turning a nicely running economy into trash, and all over petty grievances and a complete lack of basic economic understanding

Reposted from Kevin Elliott

Economists worry a Trumpcession is on the way
www.telegraph.co.uk/business/202...

Comments

panicpants.bsky.social•5 hours ago

or maybe its completely on purpose?

katrina-cheshire.bsky.social•4 hours ago

And the Telegraph is a right-wing, shameless trumpet.

heavymetalmike.bsky.social•5 hours ago

#RepublicansDidThis

heavymetalmike.bsky.social•5 hours ago

I was told he knows more about the economy than anyone

mavill.bsky.social•5 hours ago

Not "would be" - it is happening.

Future economists in China or wherever they still do economics are going to study this economic/national suicide for decades

sdnixie.bsky.social•5 hours ago

Self-inflicted and entirely predictable.

packardsgoose.bsky.social•5 hours ago

Take a peek at oil prices. We are in store for a big boy recession, which will only be made worse by the number fuckery that the administration is engaged in.

sunv0lt.bsky.social•2 minutes ago

I always struggle to figure out that when the incompetence is so profound, is it just pure evil masking as idiocy ?

owenlars2.bsky.social•4 hours ago

this is intentional. as businesses fail and 90% of peopel are squeezed, oligarchs can buy stuff up. after 2008, when they realized there woudl be no consequences if this happened by accident, they have no incentive not to do it intentionally.

grumpysilverback.bsky.social•5 hours ago

What is even betterer is that Trump and his band of ketamine fueled morons are walking the country right into stagflation.

Par for the course with Trump ... everything he does turns to sheit, but it is the best sheit it can be!

sohlecelo.bsky.social•4 hours ago

Destruction of the government, fear and confusion, demoralizing are all a prelude to a reset into global corporate state oligarchy run by tech AI enabled lords on the backs of essential serfs with AA rabble problem....not my idea of a better world...

bluebutterfly67.bsky.social•3 hours ago

*another trumpcession

chrisgodinho.bsky.social•3 hours ago

"Starting to worry". I'm so glad they're well-paid.

whatyouthinkithink.social•5 hours ago

He's doing a Truss combined with a Thatcher 1st term.

It's a high difficulty maneuver to get everything to fail in exactly the right way.

But if anyone can do it, it's the US.

They're the most successful destroyers of an economy ever!

USA! USA! USA!

mkmcmillan-1958.bsky.social•4 hours ago

So very Republican! Take an economy from a Democrat-led administration that’s been the envy of the world and quickly run it into the ground. I hope the people who voted for the sitting President and those tens of millions who declined to vote at all aren’t too disappointed with their decision.

jbabbott.bsky.social•4 hours ago

Starting? NOW?! You mean they haven't been able to predict what the rest of us knew would be caused by a second Trump presidency before his first term ever ended?

Can we stop pretending these people are experts in anything other than dickriding for capitalism?

bowlofstu.bsky.social•4 hours ago

Bring it on!

vaanhold.bsky.social•4 hours ago

"turning a nicely running economy into trash".... AGAIN! As he did in his first term, while the world wide economy was booming.

welshrarebit.bsky.social•5 hours ago

No less amazing: Trump never made a secret of his intention to launch trade wars as the central part of his America First strategy. And yet everyone’s acting surprised.

austenlied.bsky.social•5 hours ago

Plus the tariffs. Don’t forget his lovely tariffs 🙄

tenet-facts.bsky.social•5 hours ago

snmaher.bsky.social•5 hours ago

Because his evil is mixed with stupid.

heliant.bsky.social•5 hours ago

He likes hurting people. It's that simple.

dinorocket.bsky.social•3 hours ago

If i live to be 200 I'll never understand why people who think the country should be run like a business rallied behind a guy who couldn't even make a casino profitable.

momrunninglate.bsky.social•3 hours ago

And they are just now starting to worry about this?!?

patrickgillam.bsky.social•5 hours ago

Unless he actually wants to demolish our democracy and establish an autocracy. If he wants to do that, chaos is a good place to start.

prism-flight.bsky.social•4 hours ago

Step 1, crash economy. Step 2, fail to pass a budget/debt extension. Step 3, "Reichstag fire."

abu5217.bsky.social•5 hours ago

This is the answer.

martyolliff.bsky.social•4 hours ago

Counterpoint: wrecking the economy won’t be an accident, it will be by design. The bosses want workers desperate, weak, and vulnerable to services they want to provide for a fee.

dorisvader.bsky.social•4 hours ago

It does seem so, and why would they want one???
That's the puzzling part for me.

dariomen.bsky.social•3 hours ago

The thing is that this way of thinking, as absurd as it is, is slowly but steadily gaining traction all over the world. Doesn't matter if the world economy collapses, they are trying to bring the collapse of civilization altogether. I think their dream is the return of slavery

germaney.bsky.social•5 hours ago

Karoline Leavitt’s statement on Fox News yesterday, claiming that this is all fallout from Trump’s trying to correct the “Biden economy,” made me wish I could crawl through my computer screen and slap the shit out of her.

prissears.bsky.social•5 hours ago

handed the keys to the car and he rams it directly into a bus full of kids

theviolenceoftruth.bsky.social•5 hours ago

he hates America. He may say otherwise, and people may earnestly believe him. He loathes everything America stands for. Freedom. The chance to get ahead with honest work.

americanevolution.bsky.social•5 hours ago

This jumped nine points while FOTUS was speaking.

https://polymarket.com/event/us-recession-in-2025?tid=1741091542311

dankine.bsky.social•5 hours ago

"over petty grievances and a complete lack of basic (economic) understanding"

So trump and the republican's MO then.

notdmitry.bsky.social•5 hours ago

Stepping on rakes to own everyone in your own country, genius move

blueontario.bsky.social•4 hours ago

softbeans.bsky.social•2 hours ago

The wildest part is we would then spend literal years having to listen about how it was actually Biden fault despite watching it play out with our own eyes

smokeygeo.bsky.social•4 hours ago

and that, from the 'torygraph'

lejanaysola.bsky.social•5 hours ago

And the oligarchy's desire for fewer regs and even more money

walterdragon.bsky.social•3 hours ago

It’s exactly what they promised.

twitruss.bsky.social•2 hours ago

Because it’s exactly what Putin wants.

algi.bsky.social•5 hours ago

They're doing a brexit.

christopezemole.bsky.social•4 hours ago

It’s not a lack of understanding. Every act is intentional to destroy

codykinski.bsky.social•4 hours ago

Petty grievances, a complete lack of basic economic understanding, and a very intense love of the power of destruction and disruption, similar to what an arsonist must feel while gleefully watching a conflagration they've started cause the fire's victims to scramble in panic.

thirdpyramid.bsky.social•4 hours ago

Much like Brexit was. The UK economy got hammeredand it was totally a self-own.

swimbikerunjane.bsky.social•5 hours ago

Not dissimilar to what 52% did to the UK. Self inflicted economic chaos as a result of the grievances in the Tory party led to the Brexit vote, with consequences being felt now, that many didn’t understand or want to believe at the time of the vote.

hannahszenes.bsky.social•4 hours ago

A self-inflicted recession? Who could have even seen this coming?

Oh wait, me. A non-economist whose credential is taking AP Macro decades ago. Because it was that fucking obvious all along. BEFORE people elected him.

chrisneyland.bsky.social•5 hours ago

Everything the Republican cult touches turns to shit.

There are no exceptions.

relaxedraccoon.bsky.social•5 hours ago

Starting to worry?! They should have been worried a long time ago

jdluke.com•5 hours ago

It all makes a lot more sense if you just accept that Trump is a lapdog of Putin.

spinyfur.bsky.social•4 hours ago

Wrecking the US in every way isn’t an accident or a bug, it’s the entire point of Trump’s policy agenda.

catus14.bsky.social•5 hours ago

But he and Musk would make money....

doa70.bsky.social•5 hours ago

They aren’t that stupid. Well, 🍊💩 is, but the people orchestrating this aren’t. The project 2025 people and the oligarchs. They know what they are doing.

The question is, why? I posted elsewhere I thought the end game was the destruction of America. I’m actually not sure now. Somethings missing.

lddstyx.bsky.social•5 hours ago

Because the wealthy proffit in every recession...

begemot13.bsky.social•4 hours ago

"Biden did it!!!"😂😂😂

millieto2.bsky.social•5 hours ago

Duh.

toothygrin.bsky.social•5 hours ago

What a legacy.

jrfanboy.bsky.social•5 hours ago

Everything people with mindsets like those populating the current administration (sic) do is a lifetime of "... entirely self-inflicted turning (*fill in the blank*) into trash, and all over petty grievances and a complete lack of basic ... understanding"

crosetti.bsky.social•2 hours ago

And the fact he is a f*cking idiot. Always love to repost the article from Trump’s professor at Wharton School of Business 👇 https://www.dailykos.com/stories/2017/10/12/1705902/-Former-Wharton-Professor-Donald-Trump-Is-the-Dumbest-Goddam-Student-I-Ever-Had

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