Brian Schatz: “we are 50 days into Donald Trump's second term, and the American economy is already in free fall; prices are soaring…”

“we are 50 days into Donald Trump's second term, and the American economy is already in free fall; prices are soaring, stocks are plummeting, and people are panicking about a recession. None of this was inevitable. All of this is Trump's own making. This week after Trump couldn't categorically rule out that his policies would lead to a recession, Nasdaq had its worst day in years while the Dow Jones dropped a whopping 1,300 points. But it is not just the stock market that is taking a hit; it is regular people everywhere. Consumer confidence is down by 7 points--7 points in 50 days--since Trump took office, and spending has dropped for the first time in 2 years. The dollar is weaker, hiring is slowing, interest rates are unlikely to come down, and the GDP is expected to shrink this quarter for the first time in 3 years. You know, usually Presidents get too much blame or too much credit for the state of the economy but not this time. Trump is going out of his way to plunge the economy into chaos and make life harder for everyone. Whether you are buying groceries or trading stocks or hoping to retire next month, you are getting hit. When the Commerce Secretary was asked yesterday about a potential recession, he said: ``It's worth it.'' ``It's worth it.'' They actually think a recession would be worth it.…”