gfp; I saw a recent podcast on USA Watchdog with Ed Dowd, who is a genius level number cruncher. He says the same thing I pointed out, that without the $2.5 Trillion deficit spending the last several years the US Economy has already been in a recession since Covid. President Auto-Pen encouraged the invasion of 15-20 million mouths, only about 2 million of whom ever found any kind of employment. But they all ate, clogged up our Emergency rooms, crowded out our schools and occupied lots of hotel rooms and apartment complexes. All of this was a massive drain on the productive private sector portion of the economy and that grotesque level of spending will weigh on future generations yet unborn with the interest burden on the national debt.
Dowd expects a sharp but relatively short official recession as government spending has to be curtailed. And Trump's plan on tariffs is working. More and more companies are moving production over here. He will also move to a position of reciprocal tariffs. We will match our tariffs on a country by country basis based on the level of tariffs that hit us with. That might induce countries to lower or drop their tariffs on us in order to avoid tariffs on themselves. I think the pearl clutching over the tariff issue has been overblown. Billions and Billions of Dollars of investment has been planned for bringing manufacturing back here. We need lots more private sector employment and far less government employment. We have to have private sector jobs for the laid off government workers. All this is bound to cause disruptions, especially in the Washington DC metro. But we can't continue to plan one fiscal quarter at a time. We have to think long term. The status quo was not sustainable. We need a focused military and the rest of the Federal government running on about 50% of previous spending levels.
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