{"id":1577644,"date":"2022-07-29T07:48:12","date_gmt":"2022-07-29T11:48:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1577644"},"modified":"2022-07-29T08:54:02","modified_gmt":"2022-07-29T12:54:02","slug":"trump-warns-something-worse-than-recession-is-coming","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-warns-something-worse-than-recession-is-coming\/","title":{"rendered":"Trump Warns Something Worse Than Recession Is Coming"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-warns-something-worse-than-recession-is-coming%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1577644&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former President <a href=\"https:\/\/www.theepochtimes.com\/t-donald-trump\">Donald Trump<\/a> has warned that America\u2019s economy is on track for a bigger disaster than a <a href=\"https:\/\/www.theepochtimes.com\/t-recession\">recession<\/a>, with his remarks coming shortly before government statistics showed GDP printing negative for the second consecutive quarter, which is a rule-of-thumb definition for a recession.<\/p>\n<p>\u201cWhere we\u2019re going now could be a very bad place,\u201d Trump said at a rally in Arizona last week. \u201cWe got to get this act in order, we have to get this country going, or we\u2019re going to have a serious problem.\u201d<\/p>\n<p>The former president singled out the collapse in Americans\u2019 real wages, a historically depressed labor force participation rate, and the Democrat push for the Green New Deal that he said would crush economic growth.<\/p>\n<p>\u201cNot recession. Recession\u2019s a nice word. We\u2019re going to have a much bigger problem than recession. We\u2019ll have a <a href=\"https:\/\/www.theepochtimes.com\/t-depression\">depression<\/a>,\u201d the former president said.<\/p>\n<p>Trump\u2019s remarks came several days before the Bureau of Economic Analysis (BEA) released data showing that real U.S. GDP fell by an annualized 0.9 percent in the second quarter after contracting 1.6 percent in the first quarter.<\/p>\n<p>Two consecutive quarters of negative GDP growth are a common rule-of-thumb definition for a recession, although recessions\u00a0in the United States are officially declared by a committee of economists at the National Bureau of Economic Research (NBER) using a broader definition than the two-quarter rule.<\/p>\n<p>Vance Ginn, Chief Economist at the Texas Public Policy Foundation, told The Epoch Times\u2019 sister media NTD in an interview that, while officially it\u2019s NBER that calls recessions,\u00a0the two-quarter rule is \u201cusually how it\u2019s done by a rule of thumb.\u201d<\/p>\n<p>\u201cI think this is definitely recession that we\u2019re in now from these bad policies,\u201d Ginn added, blaming a series of \u201cprogressive policies\u201d coming out of the White House and the Democrat-controlled House.<\/p>\n<p>Former President Donald<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump has warned that America\u2019s economy is on track for a bigger disaster than a recession, with his remarks coming shortly before government statistics showed GDP printing negative for the second consecutive quarter, which is a rule-of-thumb definition for a recession. \u201cWhere we\u2019re going now could be a very bad place,\u201d Trump [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":1894780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1577644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.theepochtimes.com\/trump-warns-something-worse-than-recession-is-coming_4619894.html","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1577644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1577644"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1577644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1894780"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1577644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1577644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1577644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}