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The Trump Depression [View all]
Donald Trump is on track to be the first president to deliberately engineer a severe depression.
by Robert Kuttner
March 5, 2025
https://prospect.org/economy/2025-03-05-trump-depression/
His economic policy is internally inconsistent, and totally at odds with his political need to tame inflation. He is on track to have the kind of stagflation that did in Jimmy Carter, only far worse—and self-inflicted.
Live by bullshit, perish by bullshit.
. . .
In a couple of weeks, the budget talks will reach the point of an increasingly likely government shutdown. Closing the government will be even more of a hit to total demand and consumer and investor confidence.
In agreeing to reopen the government, Democrats are in a good position to demand that Trump reopen the whole government, starting with the parts that Musk has illegally shut down. In the meantime, this engineered crisis is entirely Trump’s.
Live by bullshit, perish by bullshit.
. . .
In a couple of weeks, the budget talks will reach the point of an increasingly likely government shutdown. Closing the government will be even more of a hit to total demand and consumer and investor confidence.
In agreeing to reopen the government, Democrats are in a good position to demand that Trump reopen the whole government, starting with the parts that Musk has illegally shut down. In the meantime, this engineered crisis is entirely Trump’s.
Emphasis mine.
5 replies
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