Economy We need a recession, and Trump's trying to trigger it.

[Kassitus]

This part is an oversimplification of global trade. It ignores important aspects like services trade (where the US has a surplus). Also despite having a trade deficit, the US has the 2nd highest global manufacturing output (behind China). In our case the trade deficit really is just indicative of our high consumer demand driven by strong economy.

True, America is certainly in a good position already. Perhaps Trump is angling for an edge he might get from some more manufacturing of goods America is reliant on other countries for. He brings up the national debt a lot, perhaps he sees a fundamental issue he is trying to maneuver towards adjusting. It's hard to tell with Trump as he seems to be misdirecting people.

 

[Madmick]

"We need a recession"?

JFC, someone shoot me already.

 

[fortheo]

Demand for their stuff increases simply based on global quality of life improving and so they always have more and more customers, making more and more money, creating more and more jobs for citizens. It's a much better position to be in than a country reliant on exporting the same raw materials they have been for 100 years.

It's a mutually beneficial trade and done on terms mutually agreed upon by both parties. Both sides win. Our trade deficit is due to us being a large rich country that likes to consume a lot.

 

[Fedorgasm]

"We need a recession"?

JFC, someone shoot me already.

Yes. A healthy economy goes up and down. If it only goes up for too long then it can lead to overconfidence, inflation, and bubbles.

And if it needs to go down to stop those things, then a recession is better than a depression. So if you can influence policy that can help us go through a recession instead of a depression that's usually the right move.

 

[Madmick]

LOL, an economy that was on baby legs clamoring out of a pandemic-induced recession was in need of a corrective recession.

Jesus take the wheel.

 

[ermac88]

Only someone so ignorant who doesn’t understand how bad things would get, would say something like this.

It is amazing to see the lickspittles defend this and say recessions are good now, and so is crashing the stock market. When a mere 4 months ago those were bad, because it was (D)ifferent then.

When someone says, burn it all.

I wonder if they are in prison or similar future-less scenarios

 

[ermac88]

There was a strategy it was a pump and dump and you're not in the 1 percent.

Its like we are living in some surreal idiocratic circus

 

[K1levelgrappler]

My dick and balls need to be smashed with a sledge hammer. Help me Mr. President!

 

[shunyata]

"We need a recession"?

JFC, someone shoot me already.

We got a whole group of voters acting like an abuse victim right now.

"They needed to beat the shit out of me, my attitude was inflating and I've overvalued myself. The beatings are for my own good."

 

[Rod1]

"We need a recession"?

JFC, someone shoot me already.

Its a cult, what do you expect.

 

[Rod1]

And if it needs to go down to stop those things, then a recession is better than a depression. So if you can influence policy that can help us go through a recession instead of a depression that's usually the right move.

You know how could you easily cool off the economy? raising interest rates, but apparently the people at the Federal Reserve are morons and only Trump and Navarro know what's up.

 

[BFoe]

LOL, an economy that was on baby legs clamoring out of a pandemic-induced recession was in need of a corrective recession.

Jesus take the wheel.

No way could Jesus afford a car now on a carpenter’s salary.

 

[Thepaintbucket]

Next you'll say a war with Iran is necessary and a depression is good.

 

[Daverisimo]

An even darker take is that he wants to destroy the economy so he and his billionaire buddies can buy up the country and rule over it with an iron fist. Basically, he'd rather have a weak country where he's dictator than a strong country where people pose a threat to him. There's even an old video resurfacing where he said a bad economy is actually good for that very thing.

This is basically the endgame for the Neoreactionary/Dark Enlightenment movement, and what guys like Curtis Yarvin and Balaji Srinavasen wrote about. They want to break up liberal democracies into corporate run city-states headed by, essentially, hereditary monarchies. This ideology has a lot of pull in Silicon Valley, especially among the so-called "PayPal Mafia", which includes Peter Thiel, Elon Musk, and David Sacks.

 

[GreatSaintGuillotine]

No way could Jesus afford a car now on a carpenter’s salary.

We wouldn't let that damn illegal immigrant in this beautiful country anyway

 

[Mr. Shickadance]

No way could Jesus afford a car now on a carpenter’s salary.

If he was union he could!

Well maybe a used one

 

[Osculater]

We would let that damn illegal immigrant in this beautiful country anyway

It's cool he's an Israeli

 

[curryjunkie]

This is basically the endgame for the Neoreactionary/Dark Enlightenment movement, and what guys like Curtis Yarvin and Balaji Srinavasen wrote about. They want to break up liberal democracies into corporate run city-states headed by, essentially, hereditary monarchies. This ideology has a lot of pull in Silicon Valley, especially among the so-called "PayPal Mafia", which includes Peter Thiel, Elon Musk, and David Sacks.

yep, steven miller and vance are all in on this

 

[tastaylvr]

Edit

 

[wlu.29]

This is my theory on what's really happening. I'm not a yuge Trump supporter but I also don't believe he's a moron like other do.

1. The stock market is overvalued. The influx of retail traders has caused an everything bubble. Now every dumbass in the world thinks they need to buy the dip and never sell. This has caused too much market optimism. So we can either try to trigger a smaller market correction now, or wait until the problem is much worse and the bubble pops and causes the worst depression in history.

2. Inflation is stubborn. We printed too much money during COVID and raising interest rates has slowed inflation somewhat but we still need a recession to restore balance to the economy.

3. The trade deficit needs to shrink. Lots of people are arguing that a trade deficit is not a bad thing, but if it gets too big, that's a problem.

So what if Trump's advisors are trying to solve all 3 at once? We need a recession, but if they let it hit us naturally, it will be far worse, and it might come close to the next election and which would hurt the Republicans chances. So it's better for them to try and trigger the recession now, so we can recover before the next election, and they can take credit for the recovery.

You haven't convinced me why a country needs a recession.