We are unironically in the face of a third USA (and by extension global) recession in under 20 years. Is a big recession or even a depression guaranteed? No. Is it looking likely during Trump's regime? Yes. 

There was a short-lived dot.com bubble recession from March 2001 to November 2001. So, what is insane is that if you lived from early 2001 or at least from around Clinton's presidency onward, you're already at 3 recessions in your life and looking at a 4th. 2 of those were big recessions with the 4th looking big as well. 

Recessions don't inherently mean a bad administration or bad economy. "Ike" had 3 recessions during his presidency, all 10 months or shorter. And he was one of the USA's best presidents and 1953-1961 was one of the best periods ever for the USA's economy, if not the best. 

NEW: Elon Musk blames "massive cyberattack" with IP addresses from Ukraine for X outage

[image or embed]

— BNO News (@bnonews.com) 10 March 2025 at 20:54

Lmfao! His face when he blatantly lies and that nodding. Dark Storm already claimed responsibility for it hours ago. Idk where Dark Storm is based but they're a Pro-Palestine group. If it was however actually someone from Ukraine then well done, they have more than enough reason to bring Twitter to its knees, poor billionaires propaganda outlet was down for a few hours, how will he live.

I'd cheer them on to do it again, half the world has a good reason to want to bring it down and get back at Musk, dude is one of the most hated people alive right now. Having said that, I'd bet that even I know more about IPs than Musk, Lol. I somehow doubt that someone capable of bringing down Twitter forgot to hide their IP address, shit even many users on VGChartz know that basic.

It's rather disgusting for a fellow who cozies up to Putin and China to call a former astronaut and US Navy captain—who's married to a onetime House member who was shot in the line of duty—a "traitor."

[image or embed]

— David Corn (@davidcorn.bsky.social) 10 March 2025 at 21:17

Republicans only pretend to care about the military and astronauts when it suits them.

I also lived through the first Bush recession. I was born when Carter was president, but I wasn’t old enough to remember 1970s stagflation.

Recessions may not necessarily mean a bad administration, but Trump is doing a very poor job of managing the economy and deliberately creating chaos, which the economy does not like. 

He inherited a relatively solid economy which had a bunch of positive indications for the future with a bunch of solid trade partners, I remember all the articles about Biden's economy being pretty good before the election, I also remember Trump bragging that the stock market was increasing because they believed he was going to win the election as well, Lol.

Then Trump once again, like with Obama's economy wrecked it all, spat in the faces of America's trade partners, ruined relationships, slammed tariffs with zero plan on everyone, then removed tariffs, then brought them back, then removed them, then brought them back, then refused to rule out a recession happening which seemed to finally be the nail in the coffin for the market to finally realise that he is being serious, before then, a lot of the market was believing it was all talk or temporary so they were holding.

Definitely can't always blame the one in charge but in Trump's case he is doing nothing to help the economy and doing everything to help fuck it up, I mean he even straight up admits his actions are going to fuck the economy but he doesn't care, Lol. And he won't get the grocery prices down either, Lol. So it's going to be shit all round.

I'm normally not a Bernie Sanders fan, because I'm naturally averse toward every political cult, and Bernie (or at least his team, which included people such as Briana Joy Grey) cultivated a rather substantial one that I felt was about as effective of moving the US leftward as a bullet to the foot. But I do enjoy it when he's out there challenging billionaire oligarchs.

"A government of the billionaire class, by the billionaire class, and for the billionaire class."