Sunday, May 04, 2025

Trump Downplays Recession Fears

President Donald Trump on Friday downplayed concerns about potential economic trouble, saying everything would be "OK" in the long term, even if the U.S economy experienced a recession in the short term.

Posted by LampLighter at 04:33 PM | 16 COMMENTS | permalink

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A Lending Tree survey found 25% of buy now, pay later users are funding grocery purchases with the loans, up from 14% in 2024.

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-- CNBC (@cnbc.com) May 3, 2025 at 8:00 PM

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More from the article..

... Following up, Welker asked Trump if he was worried about a recession, to which he responded, "No." Asked whether he thinks one could happen, Trump replied, "Anything can happen, but I think we're going to have the greatest economy in the history of our country."

The remarks come as analysts on Wall Street are increasingly worried that the country could face a recession due to Trump's changing tariff policy.

"Well, you know, you say, Some people on Wall Street say' " well, I tell you something else. Some people on Wall Street say that we're going to have the greatest economy in history. Why don't you talk about them?" Trump said during the interview at his Mar-a-Lago resort in Florida.

"There are many people on Wall Street say this is going to be the greatest windfall ever happen," the president added.

According to initial measurements released by the Commerce Department on Wednesday, the U.S. economy shrank by 0.3% in the first quarter of 2025, a reduction largely driven by a fall in exports and a boost in imports ahead of Trump's expected tariffs. ...


#1 | Posted by LampLighter at 2025-05-03 05:54 PM

@#1 ... Some people on Wall Street say that we're going to have the greatest economy in history ...

Has anyone seen such statements from some people on Wall STreet? If so, got links?

I did find this in my searches ...

The Next President Inherits a Remarkable Economy (October 2024)
www.wsj.com

... Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame.

With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. ...


#2 | Posted by LampLighter at 2025-05-03 06:00 PM

So... from "a remarkable Economy" to a "transition period" (a.k.a. recession) ...

What are Pres Trump's plans to rebuild the "remarkable economy" he apparently has turned into a short recession?



#3 | Posted by LampLighter at 2025-05-03 06:03 PM

Not this "some people many people" ---- again. He's a ------- lying idiot.

#4 | Posted by LegallyYourDead at 2025-05-03 07:32 PM

@#4 ... Not this "some people many people" ---- again. He's a ------- lying idiot. ...

I do not disagree.

But I repeat the question I asked in #4

... What are Pres Trump's plans to rebuild the "remarkable economy" he apparently has turned into a short recession? ...



#5 | Posted by LampLighter at 2025-05-03 11:43 PM

HE'S A ------- IDIOT.

#6 | Posted by LegallyYourDead at 2025-05-04 01:11 AM

Recessions are like School Shootings.

Thoughts and Prayers.
Nothing Can Be Done.

#7 | Posted by snoofy at 2025-05-04 04:44 PM

Trumpcession ...

And he caused it intentionally to personally profit from his market manipulation.

#8 | Posted by censored at 2025-05-04 07:15 PM

Trump's economy will be fine.
Everybody else can eat cake.

#9 | Posted by northguy3 at 2025-05-04 08:13 PM

"I think the good parts are the Trump economy and the bad parts are the Biden economy."

President Donald J. TRUMP
May 4, 2025

#10 | Posted by snoofy at 2025-05-04 08:15 PM

Today, May 5, West Texas Intermediate for near term delivery is at $57.18/barrel, down from over $72 on election day. The good news: gas prices are lower. The bad news is coming for all those 'Drill Baby drill" folks, who have known for a long time that the cheap oil has already been developed, and nowadays the cost to develop new wells is such that oil has to be over $80 for many to break even. In other words, no one in the oil patch is developing new oil wells...

#11 | Posted by catdog at 2025-05-05 02:29 PM

#11 The good news is China is boycotting American oil and natural gas. OPEC is upping production of cheaper oil.
Pretty sure lower sales prices and lower demand means that-------------, err age is coming for oil producers.

#12 | Posted by northguy3 at 2025-05-06 10:58 AM

"The remarks come as analysts on Wall Street are increasingly worried that the country could face a recession due to Trump's changing tariff policy."

And more analysts are not worried about a recession.

#13 | Posted by fishpaw at 2025-05-06 03:10 PM

The Next President Inherits a Remarkable Economy (October 2024)
www.wsj.com

... Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame.
With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate. ...

#2 | Posted by LampLighter at 2025-05-03 06:00 PM | Reply | Flag:
(Choose)
| Newsworthy 2

So I guess those tax cuts that the Dems want to do away with are working.

#14 | Posted by fishpaw at 2025-05-06 03:14 PM

And more analysts are not worried about a recession.

#13 | POSTED BY FISHPAW

LOL.

Took that one straight out of your ass.

#15 | Posted by Zed at 2025-05-06 03:49 PM

LOL.

Took that one straight out of your ass.

#15 | POSTED BY ZED

You have to forgive him.

Fishpoo thinks an ---- specialist is called an ----yst.

#16 | Posted by donnerboy at 2025-05-06 03:58 PM

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