'Very, Very Bad': Ex-Government Economist Makes Bleakest Trump Prediction
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Jesse Rothstein warned it "seems almost unavoidable at this point."
It “seems almost unavoidable at this point” that the United States is “headed for a deep, deep recession” thanks to the Trump administration’s massive government job cuts and pullback from official contracts, a former Obama-era Department of Labor economist has warned.
Jesse Rothstein, a professor of public policy and economics at the University of California, Berkeley, predicted on BlueSky this week that the employment report for March 2025 will show “bigger job losses than any month ever outside of a few in 2008-9 and 2020.” (I.e. — when America was hit by the 2008 financial crash and then, later, by the coronavirus pandemic).
Rothstein also envisioned “enormous private market uncertainty” that would make companies reluctant to hire.
It’s “going to be very, very bad,” he said he feared.
President Donald Trump has tasked billionaire Elon Musk, the world’s richest man, with slashing public spending via the non-official Department of Government Efficiency.
One commenter likened it to “a s**ty episode of Scooby Doo."
Alyssa Farah Griffin issued a caution to both the president and his supporters.
The president's critics fired back after an unrealistic claim about his approval rating.
The singer told The Associated Press she did it “because I believe in democracy, and a sovereign nation should not have to be defending itself against tyranny and fascism."
Republicans pressed forward despite President Donald Trump's endorsement of a competing House proposal and questions about the path ahead.
The billionaire used an offensive word for people with intellectual disabilities while lashing out at Danish astronaut Andreas Mogensen.
"This is urgent, Elon," wrote Grimes, who shares three children with the billionaire MAGA champion.
The White House press secretary was also asked whether Donald Trump tends to watch hockey for the goals or the fights.
An Alabama police department has "recently operated as more of a criminal enterprise than a law enforcement agency," a grand jury wrote.
Are federal workers in Buffalo losing their office, or is Elon Musk's "Department of Government Efficiency" claiming savings it isn't responsible for?
The agency’s shrinking staff administers retirement benefits for a growing senior population.
Prosecutors say Orange County Superior Court Judge Jeffrey Ferguson shot his wife when they got into an argument.
The Fox News host also said people need to be more sensitive when it comes to discussing the layoffs, despite criticizing others for similar behavior a day earlier.