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Date
Summary
Chuck Schumer: ‘Make No Mistake About It, Donald Trump Is Teeing Up a Nationwide Recession’
Subjects
Source
C-SPAN2

Name: C-SPAN2
URL: https://www.c-span.org/live/?channel=c-span-2
Show
U.S. Senate
Name: U.S. Senate
Persons
Chuck Schumer

Name: Chuck Schumer
Employment: U.S. Senate
Position: Senator
Event
–
Event location
–
Link
–
Original recording
Uploaded
04/07/2025 05:28 pm
Owner
Zoran (staff)
Type
Video
Format
MP4 (720x406)
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Duration
0:04:49
Views
6
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1
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Transcript
Schumer Mr President make ░░░░░░░░ mistake about it Donald ░░░░░░░░ is teeing up a ░░░░░░░░ recession Less than a ░░░░░░░░ after Donald Trump started ░░░░░░░░ largest dumbest trade war ░░░░░░░░ American history all the ░░░░░░░░ say America is heading ░░░░░░░░ calamity A report by ░░░░░░░░ Morgan titled There Will ░░░░░░░░ Blood warned these policies ░░░░░░░░ sustained would likely push ░░░░░░░░ United States and possibly ░░░░░░░░ global economy into recession ░░░░░░░░ year An update of ░░░░░░░░ probability scenario tree makes ░░░░░░░░ point raising the risk ░░░░░░░░ a recession this year ░░░░░░░░ 60 percent That s ░░░░░░░░ conservative cautious JP Morgan ░░░░░░░░ percent chance of recession ░░░░░░░░ meanwhile said Donald Trump ░░░░░░░░ tariffs will cause inflation ░░░░░░░░ nearly double as America ░░░░░░░░ a recession HSBC Deutsche ░░░░░░░░ Bank of America all ░░░░░░░░ the same thing the ░░░░░░░░ have made a recession ░░░░░░░░ likely And now today ░░░░░░░░ Sachs are the ones ░░░░░░░░ danger Some analysts say ░░░░░░░░ damage is already done ░░░░░░░░ trillion dollars of value ░░░░░░░░ been wiped out Any ░░░░░░░░ in America that relies ░░░░░░░░ trade or tourism or ░░░░░░░░ or energy or any ░░░░░░░░ range of industries is ░░░░░░░░ risk of a recession ░░░░░░░░ state of New York ░░░░░░░░ city of New York ░░░░░░░░ are at that risk ░░░░░░░░ right in that direction ░░░░░░░░ Consumer activity is going ░░░░░░░░ do down Demand is ░░░░░░░░ to suffer Unemployment is ░░░░░░░░ to go up And ░░░░░░░░ worst of all Donald ░░░░░░░░ s tariff tax is ░░░░░░░░ largest tax hike since ░░░░░░░░ the Vietnam War Families ░░░░░░░░ pay 5 000 extra ░░░░░░░░ year for groceries and ░░░░░░░░ for drugs for clothes ░░░░░░░░ cars for gasoline and ░░░░░░░░ so much more Everywhere ░░░░░░░░ look Americans are going ░░░░░░░░ see prices going up ░░░░░░░░ up Donald Trump campaigned ░░░░░░░░ the fact that there ░░░░░░░░ too much inflation and ░░░░░░░░ he is going to ░░░░░░░░ he is causing already ░░░░░░░░ ton of it So ░░░░░░░░ me say it again ░░░░░░░░ Trump is teeing up ░░░░░░░░ nationwide recession If a ░░░░░░░░ does happen it will ░░░░░░░░ known as the Trump ░░░░░░░░ I urge the president ░░░░░░░░ back off from his ░░░░░░░░ tariffs immediately He should ░░░░░░░░ down the golf clubs ░░░░░░░░ pick up the papers ░░░░░░░░ the disaster he has ░░░░░░░░ is anything but great ░░░░░░░░ the contrary Liberation Day ░░░░░░░░ quickly turning into Donald ░░░░░░░░ s infamous mission accomplished ░░░░░░░░ Congress must immediately take ░░░░░░░░ power from Donald Trump ░░░░░░░░ before he causes more ░░░░░░░░ to the economy Leader ░░░░░░░░ has a responsibility to ░░░░░░░░ to American families worried ░░░░░░░░ the price of groceries ░░░░░░░░ about their retirement worried ░░░░░░░░ keeping their jobs worried ░░░░░░░░ the future The Republican ░░░░░░░░ should make passing tariff ░░░░░░░░ the top priority of ░░░░░░░░ Senate this week At ░░░░░░░░ press conference a few ░░░░░░░░ ago Donald Trump just ░░░░░░░░ he is not looking ░░░░░░░░ a pause Now the ░░░░░░░░ hope the American people ░░░░░░░░ to avoid calamity rests ░░░░░░░░ Senator Thune s shoulders ░░░░░░░░ Senator Thune has a ░░░░░░░░ to make side with ░░░░░░░░ Trump and his destructive ░░░░░░░░ or side with the ░░░░░░░░ people I was deeply ░░░░░░░░ last Thursday night when ░░░░░░░░ Republicans rejected last Friday ░░░░░░░░ rather I was deeply ░░░░░░░░ last Friday night when ░░░░░░░░ Republicans rejected my measure ░░░░░░░░ halt any tariffs since ░░░░░░░░ 20th if prices for ░░░░░░░░ and medicines and other ░░░░░░░░ goods went up I ░░░░░░░░ Republicans reconsider their opposition ░░░░░░░░ next time we vote ░░░░░░░░ reconciliation or else they ░░░░░░░░ continue to get an ░░░░░░░░ from their constituents back ░░░░░░░░ Talk about canceled town ░░░░░░░░ meetings that Republicans had ░░░░░░░░ do in the House ░░░░░░░░ re going to have ░░░░░░░░ cancel a whole lot ░░░░░░░░ of them unless they ░░░░░░░░ listening to the American ░░░░░░░░ This shouldn t be ░░░░░░░░ partisan issue Most senators ░░░░░░░░ deep down these tariffs ░░░░░░░░ a disaster for the ░░░░░░░░
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