{"id":1594163,"date":"2022-08-08T09:34:31","date_gmt":"2022-08-08T13:34:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1594163"},"modified":"2022-08-08T09:34:58","modified_gmt":"2022-08-08T13:34:58","slug":"trump-tells-americans-to-brace-for-a-lot-worse-than-recession-says-only-one-thing-can-fix-it","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-tells-americans-to-brace-for-a-lot-worse-than-recession-says-only-one-thing-can-fix-it\/","title":{"rendered":"Trump Tells Americans to Brace for \u2018A Lot Worse\u2019 Than Recession, Says Only One Thing Can Fix It"},"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\">36<\/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-tells-americans-to-brace-for-a-lot-worse-than-recession-says-only-one-thing-can-fix-it%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=1594163&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\u00a0<a href=\"https:\/\/www.theepochtimes.com\/t-donald-trump\">Donald Trump<\/a>\u00a0has warned Americans to brace for something \u201ca lot worse than a <a href=\"https:\/\/www.theepochtimes.com\/t-recession\">recession<\/a>\u201d while blaming the Biden administration\u2019s poor stewardship of the economy for soaring <a href=\"https:\/\/www.theepochtimes.com\/t-inflation\">inflation<\/a> and denouncing the tax hikes in the latest Democrat spending bill.<\/p>\n<p>Trump made the remarks at the\u00a0Conservative Political Action Conference (CPAC) in Dallas on Saturday, where the former president raised the alarm on the state of the union.<\/p>\n<p>\u201cOur country is being shot. It\u2019s being destroyed,\u201d Trump told attendees, while touting his administration\u2019s record on the economy and national security.<\/p>\n<p>Trump spoke of \u201ccreating the most secure border in American history, record tax and regulation cuts, $1.87 gasoline, no inflation, low interest rates, record growth in real wages, record growth in our economy.\u201d<\/p>\n<p> <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Donald-Trump-CPAC-Dallas-1200x866-1.jpg\"><\/a> Former President Donald Trump speaks at the Conservative Political Action Conference in Dallas on August 6, 2022. (Bobby Sanchez for The Epoch Times) Soaring Inflation, Recession <\/p>\n<p>During Trump\u2019s tenure, the highest the Consumer Price Index (CPI)\u00a0<a href=\"https:\/\/fred.stlouisfed.org\/series\/CPIAUCSL\" target=\"_blank\" rel=\"noopener\">inflation gauge<\/a>\u00a0came in at was 2.9 percent in July 2018, while in his final month in office, January 2021, inflation clocked in at 1.4 percent.<\/p>\n<p>Under Biden, inflation has climbed steadily, soaring 9.1 percent year-over-year in June 2022, a figure not seen in more than 40 years.<\/p>\n<p>In his speech, Trump drew a contrast with the economy under President Joe Biden, blaming the president for the highest inflation in decades that Trump estimates is costing American families as much as $7,000 a year.<\/p>\n<p>\u201cAfter the pandemic, we handed the radical Democrats the fastest economic recovery ever recorded, the history of our country, ever recorded,\u201d Trump continued. \u201cThey\u2019ve turned that into two straight quarters of negative economic growth, also known, despite their protestation to the contrary, as a recession.\u201d<\/p>\n<p>Two consecutive quarters of negative GDP growth are a common rule-of-thumb definition for a recession, although<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President\u00a0Donald Trump\u00a0has warned Americans to brace for something \u201ca lot worse than a recession\u201d while blaming the Biden administration\u2019s poor stewardship of the economy for soaring inflation and denouncing the tax hikes in the latest Democrat spending bill. Trump made the remarks at the\u00a0Conservative Political Action Conference (CPAC) in Dallas on Saturday, where the [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1594163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1594163","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=1594163"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1594163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1594163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1594163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1594163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}