Trump & Co…Recession?…Why NOT?

I told ya the guy IS Reverse Wired…..

Presidents usually do all they can to avoid recessions, so much so that they avoid even saying the word.

But President Trump and his advisers in recent weeks have offered a very different message. Yes, a recession is possible, they have said. Maybe one wouldn’t even be that bad.

Howard Lutnick, the commerce secretary, has said Mr. Trump’s policies are “worth it” even if they cause a recession. Scott Bessent, the Treasury secretary, has said the economy may need a “detox period” after becoming dependent on government spending. And Mr. Trump has said there will be a “period of transition” as his policies take effect.

Such comments may partly reflect an effort to align political statements with economic reality. Mr. Trump promised to end inflation “starting on Day 1” and declared, in his inaugural address, that “the golden age of America begins right now.”

Instead, inflation has remained stubborn, and while Mr. Trump has been in office less than two months, economists warn that his tariffs are likely to make it worse. Measures of consumer and business confidence have plummeted and stock prices have tumbled, attributable in large part to Mr. Trump’s policies and the uncertainty they have caused.

“It’s the kind of language that you use when your policy isn’t going great and you can see that it’s actively harming people,” said Sean Vanatta, a financial historian at the University of Glasgow in Scotland.

The Trump administration and its supporters argue that their goals go beyond political messaging. They say they are looking to reduce imports, bring back manufacturing jobs and “re-industrialize” the American economy. Even if doing so requires higher prices in the short run, they argue, American workers will win out in the end.

“The trade-off of short-term pain for long-term gain can be very real and an important thing to pursue,” said Oren Cass, founder of American Compass, a conservative research organization that has backed many of Mr. Trump’s economic policies. “It’s actually incredibly heartening to see that we might have some political leaders who are willing to speak honestly about that.”

But even Mr. Cass was critical of the administration’s on-again, off-again approach to tariffs, which he said risked undermining the policy’s effectiveness….

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A recession, too, would be particularly hard on lower-wage and less educated workers, who are disproportionately Black and Hispanic, said Jessica Fulton, vice president of policy at the Joint Center for Political and Economic Studies, a research organization focused on issues affecting Black Americans.

And even if a downturn is short-lived, the damage might not be. Economic research has shown that people who lose jobs in a recession, or who graduate into one, can suffer long-term career consequences.

“To talk about causing temporary harm ignores the fact that people will be feeling the results of decisions that this administration makes for years to come,” Ms. Fulton said….

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