The Futurist reports:
A professor and former Department of Labor economist is warning that unelected White House advisor and multi-hyphenate billionaire Elon Musk is sending the United States headlong into a huge recession.
In a post on Bluesky, Jesse Rothstein, a University of California, Berkeley public policy professor who was the DOL’s chief economist at the start of the Obama administration, addressed the dire situation we could soon be facing.
“It seems almost unavoidable at this point,” Rothstein wrote, “that we are headed for a deep, deep recession.” Between the hundreds of thousands of government jobs on the chopping block and the cancellations of countless federal contracts, the economist noted that upcoming employment reports are looking quite scary indeed.
Read the full article.