“The budget deficit is not due to the salaries of civil servants, who are being wantonly fired, or to the government’s R&D spending, on which our future prosperity depends, but rather to the combination of tax cuts for the rich, and reckless spending on America’s perpetual wars…”

#Politics #USPolitics #Economics #TradeWarImpact #TrumpTariffs #BudgetDeficit #DemocracyVsOligarchy #DemocracyVsAuthoritarianism #TaxTheRich #RecessionPossibility

https://www.commondreams.org/opinion/trump-tariffs

Trump's Absurd Trade Policies Will Impoverish Americans and Harm the World | Common Dreams

America’s trade deficit is a measure of the profligacy of America’s corporate ruling class, more specifically the result of chronically large budget deficits resulting from tax cuts for the rich combined with trillions of dollars wasted on useless wars.

Common Dreams
Fed Chair Powell sidesteps recession forecasts, highlighting divergent economic outlooks among analysts amid ongoing market uncertainty
#YonhapInfomax #FederalReserve #JeromePowell #RecessionPossibility #EconomicOutlook #MarketUncertainty #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54830
Powell Deflects Recession Possibility - 'Other Economists Raising Estimates'

Fed Chair Powell sidesteps recession forecasts, highlighting divergent economic outlooks among analysts amid ongoing market uncertainty

Yonhap Infomax

“It’s unclear just how effective the global boycott of American products and culture will be, but it no doubt indicates the world is fed up with Trump’s [sic] and his reckless pursuit of chaos.”

#Politics #USPolitics #BoycottAmerica #BoycottMusk #DemocracyVsOligarchy #FightTrumpism #DemocracyVsAuthoritarianism #RecessionPossibility #AmericaFirstPolicyCriticized #WorkingClassPolitics

https://newrepublic.com/post/192658/donald-trump-global-boycott-us-goods

The Entire World Is Pissed at Trump—and It May Cost the U.S. Big Time

There’s a growing global call to boycott American-made goods.

The New Republic

“One topic Fox personalities are not quite as willing to run interference for Trump on is the economy. And with signs mounting that Trump’s economy is hitting the skids, they are beginning to sound the alarm.

It’s the latest indication that Trump’s political project is suddenly looking quite fragile. And it’s a sign that more dissent is coming.”

#Politics #USPolitics #Economy #TrumpEconomy #RecessionPossibility

https://newrepublic.com/article/192505/fox-news-panicking-trump-economy

Fox News Suddenly Starts Panicking About Trump’s Economy: “Weakening!”

Yes, they’re still blaming Joe Biden, but the talking heads at Fox are getting awfully nervous that President Trump might be on the verge of sending the economy into a tailspin.

The New Republic
Goldman Sachs CEO David Solomon expresses uncertainty about Trump's tariffs, discusses economic outlook and policy impacts at AFR Business Summit
#YonhapInfomax #GoldmanSachs #DavidSolomon #TrumpTariffs #EconomicUncertainty #RecessionPossibility #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52799
Goldman Sachs CEO - 'Trump's Tariffs - Final Outcome Uncertain, Recession Possibility Not Ruled Out'

Goldman Sachs CEO David Solomon expresses uncertainty about Trump's tariffs, discusses economic outlook and policy impacts at AFR Business Summit

Yonhap Infomax