Charlie Gasparino: Biden’s ‘Sugar High’ Is over, We Were Going to Get an Economic ‘Slow Down’

EXCERPT:

GASPARINO: “I think we were going to have an economic slowdown no matter what. That is why I was banking on the Trump tax cuts to come through, deregulation. I mean, this was going to happen. Joe Biden improperly and sort of synthetically inflated the economy with a lot of spending as he was leaving office to try to get Kamala Harris elected. Now that sugar high is over, so we were going to get a slowdown. I think the problem that the Trump Administration has is that in the face of a slowdown, they went heavy in this tariff stuff, which will, at least until Donald Trump can cut some deals, will lead to some real economic dislocation. You know, the sooner he can cut deals, the better, because we’re going into a recession, and even worse, we might have stagflation. I mean, we might have this weird thing where you have both higher prices because tariffs do lead to higher prices because there are reciprocal tariffs on us, and a recession.”