{"id":1052053,"date":"2025-03-16T20:54:55","date_gmt":"2025-03-17T00:54:55","guid":{"rendered":"https:\/\/democrats.org\/?p=1052053"},"modified":"2025-03-16T20:54:55","modified_gmt":"2025-03-17T00:54:55","slug":"reality-check-economists-warning-of-a-serious-trump-recession-while-scott-bessent-claims-not-at-all-worried","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/reality-check-economists-warning-of-a-serious-trump-recession-while-scott-bessent-claims-not-at-all-worried\/","title":{"rendered":"REALITY CHECK: Economists Warning of a \u201cSerious Trump Recession\u201d \u2013 While Scott Bessent Claims \u201cNot At All\u201d Worried"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Americans\u2019 401(k)s are <a href=\"https:\/\/www.cnn.com\/2025\/03\/12\/politics\/trump-musk-tesla-white-house-stock-market\/index.html\">plummeting<\/a>, unemployment is <a href=\"https:\/\/www.ft.com\/content\/7f836a84-4fa5-4cd9-bcca-4e98d5a2e2a4?segmentId=dddf6252-6e37-bb4b-bda7-2193a3453893\">rising<\/a>, and consumer sentiment is <a href=\"https:\/\/www.cnn.com\/2025\/03\/14\/economy\/us-consumer-sentiment-march\/index.html\">tumbling<\/a> \u2013 all while Donald Trump\u2019s Treasury Secretary is desperately trying to downplay dire economic numbers by claiming he\u2019s <a href=\"https:\/\/x.com\/factpostnews\/status\/1901278730137559144\">\u201cnot at all\u201d<\/a> worried as economists are sounding the alarm on a <a href=\"https:\/\/www.telegraph.co.uk\/business\/2025\/02\/25\/economists-starting-worry-serious-trump-recession\/\">\u201cserious Trump recession.\u201d<\/a> But no matter how Trump and Scott Bessent try to spin it, the American people have <a href=\"https:\/\/www.cnn.com\/2025\/03\/12\/politics\/cnn-poll-trump-economy\/index.html\">had<\/a> <a href=\"https:\/\/x.com\/YouGovAmerica\/status\/1899833431590392305\">enough<\/a> of their reckless and out-of-touch economic priorities.&nbsp;<\/p>\n\n\n\n<p><em>While Scott Bessent ignores <\/em><a href=\"https:\/\/fortune.com\/2025\/03\/15\/stagflation-economic-outlook-small-business-recession-inflation-trump-tariffs-doge-layoffs\/\"><em>\u201cred flags\u201d<\/em><\/a><em> in our economy, Americans are showing their disapproval of Trump\u2019s disastrous economy:<\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Polling this week shows that a majority of Americans disapprove of Trump\u2019s handling of the economy, putting him <\/strong><a href=\"https:\/\/www.cnn.com\/2025\/03\/12\/politics\/cnn-poll-trump-economy\/index.html\"><strong>\u201cunderwater on the nation\u2019s top issue\u201d<\/strong><\/a><strong>:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Trump\u2019s overall net approval rating is <a href=\"https:\/\/www.cnn.com\/2025\/03\/12\/politics\/cnn-poll-trump-economy\/index.html\">9 points underwater<\/a> (45%-54%)<\/li>\n\n\n\n<li>On inflation and prices, Trump\u2019s net approval is <a href=\"https:\/\/x.com\/YouGovAmerica\/status\/1899833431590392305\">negative<\/a> (38%-52%)<\/li>\n\n\n\n<li><a href=\"https:\/\/www.cnn.com\/2025\/03\/12\/politics\/cnn-poll-trump-economy\/index.html\">56%<\/a> of Americans disapprove of Trump\u2019s handling of the economy \u2014 \u201cworse than at any point during his first term in office\u201d<\/li>\n\n\n\n<li><a href=\"https:\/\/www.cnn.com\/2025\/03\/12\/politics\/cnn-poll-trump-economy\/index.html\">42%<\/a> of Americans said the economy is their top issue, \u201cmore than doubling\u201d any other listed issue<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>A majority of Americans blame Trump for rising costs and are fed up with his broken promises to get the economy back on track:\u00a0<\/strong>\n<ul class=\"wp-block-list\">\n<li>Trump\u2019s job and economic approval ratings are both <a href=\"https:\/\/x.com\/amyewalter\/status\/1895237095159144944\">\u201cunderwater\u201d<\/a>\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.cbsnews.com\/news\/incomes-not-keeping-up-with-inflation-opinion-poll-2025-02-27\/\">Twice<\/a> as many Americans say the economy is getting worse than getting better\u00a0<\/li>\n\n\n\n<li><a href=\"https:\/\/www.cbsnews.com\/news\/incomes-not-keeping-up-with-inflation-opinion-poll-2025-02-27\/\">Two out of three<\/a> Americans do <em>not<\/em> expect to see positive economic growth in the coming year<\/li>\n\n\n\n<li><a href=\"https:\/\/www.cbsnews.com\/news\/incomes-not-keeping-up-with-inflation-opinion-poll-2025-02-27\/\">62%<\/a> of Americans said prices have gone up in the past few weeks<br><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Economists \u2013 and Republicans \u2013 are warning that Trump\u2019s expensive agenda will cost Americans\u2019 pocketbooks:\u00a0<\/strong>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-02-27\/trump-tariffs-will-raise-prices-americans-say-in-new-poll\">Nearly 60%<\/a> of Americans expect Trump\u2019s <a href=\"https:\/\/x.com\/JStein_WaPo\/status\/1861206638864036154\">$100 billion national tax<\/a> to lead to higher prices<\/li>\n\n\n\n<li>Economic policy uncertainty hit the <a href=\"https:\/\/www.npr.org\/2025\/03\/11\/nx-s1-5323098\/trump-economy-uncertainty-tariffs-confidence\">\u201chighest level since the pandemic\u201d\u00a0<\/a><\/li>\n\n\n\n<li>Economists are warning that a <a href=\"https:\/\/www.telegraph.co.uk\/business\/2025\/02\/25\/economists-starting-worry-serious-trump-recession\/\">\u201cserious Trump recession\u201d<\/a> has become a <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2025\/03\/06\/trump-recession-tariffs-layoffs\">\u201creal possibility\u201d<\/a><\/li>\n\n\n\n<li>U.S. employers cut more jobs last month <a href=\"https:\/\/www.cnn.com\/2025\/03\/06\/economy\/us-jobs-report-february-preview\/index.html\">\u201cthan any February since 2009\u201d<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.semafor.com\/article\/02\/28\/2025\/republicans-start-to-sweat-as-trump-takes-economic-ownership\">GOP Sen. Thom Tillis<\/a> warned that Trump\u2019s agenda could be \u201cinflationary\u201d<\/li>\n\n\n\n<li><a href=\"https:\/\/www.semafor.com\/article\/02\/28\/2025\/republicans-start-to-sweat-as-trump-takes-economic-ownership\">GOP Rep. Adrian Smith<\/a> also suggested that Trump\u2019s agenda could raise consumer costs<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Americans\u2019 401(k)s are plummeting, unemployment is rising, and consumer sentiment is tumbling \u2013 all while Donald Trump\u2019s Treasury Secretary is desperately trying to downplay dire economic numbers by claiming he\u2019s \u201cnot at all\u201d worried as economists are sounding the alarm on a \u201cserious Trump recession.\u201d But no matter how Trump and Scott Bessent try to [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052053","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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