The Trump Campaign's Closing Argument: We Need a Recession
Openly saying you are going to tank the economy is...not a great message.
We are doing a quick midweek Jackal because the Election is in SIX DAYS and from now until Tuesday will be outright pandemonium. But this was too insane to ignore:
This is not made up. Donald Trump’s wealthiest campaign surrogate - and the one handling his Get-Out-The-Vote operation - essentially stated that Trump winning would mean that markets “will tumble” and that there will be a “severe overreaction” to his policies, but eventually the economy will recover.
It seems…pretty crazy to say that less than a week before the election? But Musk and his Twitterati are actually living in reality. Here are a few headlines capturing the economic consensus on what a Trump victory will mean:
So, I guess Musk deserves some kudos for engaging with the truth. Yes, Trump’s policies will lead to higher inflation, “tumbling markets,” and likely a retraction of the economy. But it seems crazy to admit it out loud.
And here is what Trump’s team is trying to undo: We got a report about Gross Domestic Product this quarter, and it was off the charts.
You are reading that correctly: U.S. GDP is currently higher than it was projected to be even if COVID had never happened. That is nuts.
For even more context:
GDP grew at 2.8%.
Inflation is at 2.2%.
Unemployment is at 4.1%.
In 2024 alone, we have created 1.8 million new jobs.
And…for some reason, Trump and Elon Musk feel that this economy needs a “correction.” Between this and “Puerto Rico is garbage,” the Trump Campaign doesn’t seem to be closing strong.
Edit: This didn’t appear in the email, but it blew my mind. Trump essentially confirmed that Musk is right when he says we need a recession:
Just hours after Elon Musk admitted Donald Trump’s policies will tank the entire economy, the former president confirmed his plans to let Musk be a part of the destruction, claiming that “nobody is going to feel it.”
In an interview with Sean Hannity on Tuesday night, Trump lauded Musk as a “very exceptional guy” and a “great cost-cutter” when asked about a potential role for the billionaire CEO in his Cabinet. But even more unbelievably, the Republican candidate said with confidence that the American people wouldn’t “feel” the economic impacts of cutting trillions from the budget.
What a closing argument! Let’s also add a picture of Colorado for sharing purposes:
See you all on Friday.