On Fox Business, Newt Gingrich predicts “we are sliding towards a recession”
Published
Citation
From the March 3, 2025, edition of Fox Business' Mornings with Maria Bartiromo
NEWT GINGRICH (FOX NEWS CONTRIBUTOR): The victory the other day was really extraordinarily important. The bill was passed, one big, beautiful bill as the president put it, Speaker Johnson got almost all the way there. President Trump got the last few votes and put him over the top. There's no excuse for the Senate to not now look at how do we get the tax cuts. And I'm happy if they get them permanent, but we need to get them done so that the 2026 economy is dramatically stronger.
We are sliding towards a recession. And that's just a fact. We've inherited — just as Reagan inherited Carter's bad economy, President Trump inherited Biden's bad economy. To power your way out of that bad economy, you need deregulation and tax cuts, and you need them in May, June, at the very latest the 4th of July so they have effect in 2026. That is vital if what we're trying to do is keep control of the House and not allow the Democrats to cripple the last two years of the Trump presidency with investigations, impeachments, all the things Nancy Pelosi did.
MARIA BARTIROMO (ANCHOR): Yeah, and that's what I keep bringing up, the fact that look, we are already looking at a situation where President Trump inherited a tough economy. But now with DOGE cutting jobs and slimming down the government, people are asking the question, does that induce a recession? You know, look at the GDP Now numbers, they're expecting a contraction in the first quarter.