Imagine the loss in productivity from having so many people fired & quickly re-hired. Not just from those people; but the HR & administrative effort; the re-org of responsibilities among the other employees; and the nonsense time it probably took up in so many “mandatory departmental meetings” discussing what was happening…
Every Republican presidential term in my lifetime has had a recession start. None of the Democratic ones have…
Regan; one started each term. First Bush had one in his term. Clinton had none in his 2 terms. Second Bush had a HUGE one each time (dot com and great recession). Obama had none in his 2 terms. trump had one in his first term (triggered by covid & shutdowns; which his (in)actions intensified…). Biden didn’t have one (but; just barely… and only by the official definition [NBER]; he did have two negative real GDP quarters, so one could argue this point). Now we’re starting trump’s second term, so we’ll see (it’s pretty clear we’ll have a recession within 2 years).
This isn’t really debatable unless you ignore the evidence. Stock market and real GDP growth are overall way higher under Democrat presidents. One link for reference (but many more are available): https://link.springer.com/article/10.1007/s11127-021-00912-y
The party who’s caused a recession every presidential term they’ve held power in my lifetime… Might cause a recession this time too???
Try to kick the football again Charlie Brown 🤷♂️
Adding further onto your point emphasizing why this will be severe: Borrowing will become more expensive, and we can’t just stop spending to stop borrowing. Much of the current debt is in short term positions that regularly get re-issued. The cost of issuing new short term debts just to replace the current ones coming due will increase even if spending stays the same (or decreases).
And of course, there’s a huge impact to the dollar’s value internationally if major financial markets shift away from holding US debt. You know the trade deficit Republicans like to rage about … Yeah, it’ll get a lot worse when fewer people want to hold US dollars for the purpose of investing in US bonds.