Mark this day well. It’s November 2, 2025. Yes, it’s Daylight Savings Time, yes the Dodgers did something incredible in the World Series and all that will be associated with this weekend as well. But what is truly noteworthy is the fact that the Secretary of the Treasury actually admitted on the airwaves that “sectors” of the economy are already in recession. This is Trump-speak for, “Everything the Democrats warned you about is now taking place.” It didn’t even take Trump one year to tank a booming economy and get us into a recession. Sometimes being the prophetess of doom can be a real drag.
Translation: We’re not in a textbook recession but we’re in a real one if you’re living paycheck to paycheck.
— 🌊Ty Hall🌊 (@VET_TYHALL) November 2, 2025
That’s exactly the case. If you’re living paycheck to paycheck as so many people are, you are in a recession. And we see the signs of that all around us. It’s going to be a rough holiday season for many people. Farmers are already filing for bankruptices in record numbers in Iowa, Illinois and Missouri.
Now what happened to Trump’s “golden age?” Oh, that’s doing fine. So glad you asked. By that what Trump meant is that he was going to build a golden ballroom and put a lot of gilt gee gaws in the Oval Office and he’s done that. Trump frequently gets up and crows about the “wealth” that we have in this nation but I suspect that those commentaries will get fewer and farther between as the recession grows, bad jobs reports keep coming in, all that.
And you noticed how Bessent got his Biden dig in again. Trump is headed into year two in January. How long is he going to blame Biden? My prediction is until year three, month eleven. Old habits die hard and as senile as Trump is getting, he’s not going to get any better at handling the frustrations of office or the results he’s generating, which is a recession.
Now the question becomes, how bad is the recession going to be? 2008 level? Or are we looking at something resembling Great Depression II?
The handwriting is on the wall. I fear the juxtiposition of the ridiculous tariffs with the recession that we’re in. Also add to that the fact that trade alliances are breaking down right and left, most notably with Canada, and that China is top economic dog now because of Trump’s incompetence. Add all the factors together and we might very well be headed for another Great Depression.
Let’s see what happens with the tariffs as the holiday season progresses. Oh, and Donald is still golfing today. Don’t bug him, he’s busy.
Your “… Now what happened to Trump’s “golden age?” Oh, that’s doing fine. So glad you asked. By that what Trump meant is that he was going to …” essentially promise everything; delivered nothing; and will blame someone else when the shite really hits the fan … just you wait and see … in the meantime he’s managed to set the ground work for an recession, whilst being distracted by something meaningful only to him: little-knob n small-balls room.
Well, if this makes it to Drumpf’s ears, I guess Bessent will need to update his resume since he’s going to be out as Treasury Secretary. (Hope Marco can manage to play “Acting Treasury Secretary” as well as the 300 other jobs Drumpf has dumped on him.)
Remember what happened to the last person who dared deliver true–but BAD–economic news?
It’s not actually Daylight Savings Time. It is the first day since last March which is NOT Daylight Savings Time, but “Standard Time.”