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FoxNews: Leading economist issues stark recession warning for struggling US economy

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Aug 10, 2025 at 8:41 PM.

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  1. Aug 10, 2025 at 8:41 PM #1
    WarDamnGator

    WarDamnGator GC Hall of Fame

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    Even Fox News is starting to report the Truth about the Trump Administration destroying America, so you know it's bad. More than 1/2 of all US industries are shedding jobs. Tariffs and immigration policy are harming companies. Fewer hours worked. Graduates not finding jobs. Inflation jumping. Bad news all around.

    A leading economist is warning that the U.S. economy is on the brink of recession after incoming economic data last week signaled labor market conditions are softening as inflation is rising, which could complicate the ability of the Federal Reserve to support the economy.

    "Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. And with inflation on the rise, it is tough for the Fed to come to the rescue," he wrote.

    andi said the tariffs put in place by the Trump administration are having a greater impact on household budgets and corporate profits, while the immigration crackdown has hampered the labor market.

    "It's no mystery why the economy is struggling; blame increasing U.S. tariffs and highly restrictive immigration policy. The tariffs are cutting increasingly deeply into the profits of American companies and the purchasing power of American households. Fewer immigrant workers means a smaller economy," Zandi explained.

    Moody's economist warns US economy on brink of recession amid weak jobs data | Fox Business
     
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  2. Aug 10, 2025 at 8:43 PM #2
    G8tas

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    #TrumpsAmerica
     
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  3. Aug 10, 2025 at 8:56 PM #3
    vaxcardinal

    vaxcardinal GC Hall of Fame

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    The article comes from Fox Business but the thread title says FoxNews
     
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  4. Aug 10, 2025 at 9:10 PM #4
    WarDamnGator

    WarDamnGator GC Hall of Fame

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    And? Any thoughts on the topic?
     
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  5. Aug 10, 2025 at 9:36 PM #5
    pogba

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    The economy has been due a deep recession and the longer they prop this fake economy up, the worse it is going to be.

    The fake economy around the data center processing power is going to make the dot com bubble look like a blip. Couple that with tariffs and all the crazy stuff they are doing, no telling how bad it will be. All the companies that are chatGPT wrappers valued at billions of dollars is going to bring the economy to its knees when they start defaulting on their tremendous debt.
     
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  6. Aug 10, 2025 at 9:49 PM #6
    bigDgator

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    The economy has been crap since the Dems wrecked it under the guise of the China Flu.
     
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  7. Aug 10, 2025 at 9:59 PM #7
    SotaGator

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    Oh looky there! Donald Trump has entered the chat... thought the 2024 campaign speeches were over.
     
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  8. Aug 10, 2025 at 10:01 PM #8
    gator_jo

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    Get yer story ready in advance, big fella. Awesome tariffs are on the way.

    Must be because Biden shut down the economy in 2020 when the felon was still in office, right? :)
     
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  9. Aug 10, 2025 at 10:02 PM #9
    G8tas

    G8tas GC Hall of Fame

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    Remember that time when Trump actually told the truth?

     
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  10. Aug 10, 2025 at 10:53 PM #10
    WarDamnGator

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    That is an objective fact, Almost every measure of the economy… jobs, stock market, GDP, recessions, deficits, etc., look better under democrats than pubs, going back for as long as those records were kept…
     
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  11. Aug 11, 2025 at 9:21 AM #11
    duggers_dad

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    Circa 1970 my dad owned a house near the beach and supported a family of seven on a sales rep’s salary.

    As of Jan 21 2025 you can’t do that anymore.
     
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  12. Aug 11, 2025 at 10:28 AM #12
    slayerxing

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    I often wonder now, outside of a major disruption, how many people in the middle class and lower would need to be experiencing recession like conditions before it actually started impacting the major indices. Not an economist - so it's just curious to me now given the concentration of wealth at the top 1% of the country.
     
  13. Aug 11, 2025 at 10:35 AM #13
    antny1

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  14. Aug 11, 2025 at 10:42 AM #14
    jeffbrig

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    And yet, somehow I've managed to double my net worth since 2020...
     
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  15. Aug 11, 2025 at 10:56 AM #15
    ajoseph

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    You lefties will find any reason to hate on Trump…
     
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  16. Aug 11, 2025 at 11:51 AM #16
    tilly

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    In fairness it was liberal governors at the state level that shut the economy down for longer than needed in many cases (IMHO)....For better or worse. But it was the left that did it.
     
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  17. Aug 11, 2025 at 1:29 PM #17
    VAg8r1

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    The reality is that there is relatively little difference between the two although occasionally Fox Business is actually objective while that's almost never the case with Fox News.
     
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  18. Aug 11, 2025 at 3:55 PM #18
    ajoseph

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    Some states fared better than others. What I recall is that the opening of the State had little correlation with the overall impact on populations — some places which were more open fared far worse than states that were restricted, and vice versa. In other words, it turned out to be a total crapshoot. But the governors—red and blue—had no ability to predict the future.

    Where I disagree with your premise, however, is that you’re focused on just this Country. Much of the World was shut down, and outside of the US, people don’t care about blue vs red.
     
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  19. Aug 11, 2025 at 4:01 PM #19
    slocala

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    Well, this sucks. Why is Trump raising taxes (tariffs)? The prevailing sentiment is now 4 rate cuts. Up is down, right is left.
     
  20. Aug 11, 2025 at 5:48 PM #20
    tilly

    tilly Superhero Mod. Fast witted. Bulletproof posts. Moderator VIP Member

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    I think you may have misunderstood me. I was responding to a post basically blaming it on trump. When it was really Democratic governors that did the majority of the shutting down. I even said for better or worse as in I know in some cases it was necessary.

    Fwiw I think Trump did a terrible job handling the pandemic.
     
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