Trump Says a Recession Isn’t Possible Because ‘Consumers Are Rich’ – Rolling Stone
“I don’t think we’re having a recession,” Trump told reporters on Sunday in an attempt to quell fears over a potential market crash. “We’re doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they’re loaded up with money.”
Notice that he is not talking about average Americans. He is talking about his resorts and the customer base at those resorts.. the super rich.
They are loaded with money, very rich and don’t care if the US enters a recession or not.
The 1 percent got a huge tax cut, and the 99 percent got a huge tax hike and now raised prices plus increased farm bankruptcies, via the Trump tariffs.