Newsmax anchor Rob Schmitt insisted on Monday night that stock markets plunging on recession fears due to President Donald Trump’s tariffs and spending cuts might be a good thing, claiming a “nosedive” could give the “working man” a “little relief from all of this inflation.”
With the president not ruling out a recession during a recent interview with Maria Bartiromo, right-wing media and the Trump administration have been looking for ways to spin the chaos and uncertainty that have been unleashed by Trump’s trade war, which has spurred economists to warn of a coming decline in the American economy.
