Trump Gives Dire Warning of Something Coming Worse Than Recession
While the Democrats are bragging about how good the economy is doing and how great of a job Joe Biden is doing in the White House (even though his numbers have hit record lows), we all know the pains that we’re experiencing with the economy and inflation.
President Trump knows what we’re dealing with. He has a much better idea of the hardships that we face and actually cares. Democrats don’t care at all.
“Where we’re going now could be a very bad place,” Trump said at a rally in Arizona last week. “We got to get this act in order, we have to get this country going, or we’re going to have a serious problem.”
President Trump mentioned that the breakdown of competitive American wages, a depressed workforce, and Democrats pushing for their Green New Deal instead of addressing the problems that already exist. This plan would crush economic growth according to President Trump.
“Not recession. Recession’s a nice word. We’re going to have a much bigger problem than recession. We’ll have a depression,” the former president said.
Inflation is “going higher and higher all the time,” Trump said, adding that it’s “costing families nearly $6,000 a year, bigger than any tax increase ever proposed other than the tax increase that they want to propose right now.”
Honestly, I think it’s costing me more than an additional $6,000 per year. I would bet that it’s closer to $12,000 once you factor in how much more we’re spending on groceries, gas, and electricity. My electric bill was nearly doubled what it normally is.
So, the Biden regime can deny that we’re in a recession all that they want, but the truth remains that we’re in a recession and if President Trump is right, we’re heading for a depression.
This is still a possibility. I was looking at some data around the S&P500 and I think that it is theoretically possible that we drop 75%. I don’t know how likely it would be to happen and it may not, I’m only saying that the possibility is there.