Trump downplays recession fears

Saturday, May 03, 2025

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. Asked twice by "Meet the Press" moderator Kristen Welker whether it would be OK in the long run if there were a recession in the short term, the president said, "Look, yeah, it's -- everything's OK. What we are --" I said, this is a transition period. I think we're going to do fantastically."

Posted by LampLighter at 05:52 PM | 6 COMMENTS | permalink | Comment on This Entry |

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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 | Reply

@#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 | Reply

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 | Reply

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

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

@#4 ... Not this "some people many people" shit again. He's a fucking 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 | Reply

HE'S A FUCKING IDIOT.

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