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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsReagan-era GOP economy-expert predicts imminent recession, blames Trump.
https://www.rawstory.com/2019/01/verge-recession-will-kick-trump-town-ex-gop-lawmaker/Conservative David Stockman, a former Republican congressman who also served as the Director of the Office of Management and Budget under former President Ronald Reagan, believes that President Donald Trumps time in office is going to come to a crashing end in the near future.
...
He keeps bragging about the greatest economy ever, Stockman said. Were near the end of a weak, long expansion cycle thats headed for the next recession.
Stockman went on to call the brief spurt in growth during the presidents first two years a temporary blip fueled by corporate tax cuts, and he predicting things would come crashing back down this year.
Theres been no boom, he said. Theres a recession coming. Hes made it worse with the worst tax cut in modern history and a fiscal policy that is truly an abomination.
...
He keeps bragging about the greatest economy ever, Stockman said. Were near the end of a weak, long expansion cycle thats headed for the next recession.
Stockman went on to call the brief spurt in growth during the presidents first two years a temporary blip fueled by corporate tax cuts, and he predicting things would come crashing back down this year.
Theres been no boom, he said. Theres a recession coming. Hes made it worse with the worst tax cut in modern history and a fiscal policy that is truly an abomination.
This is a message for all the economists who predicted in 2017 that Trump's policies would cause a recession by 2024:
You underestimated him!
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Reagan-era GOP economy-expert predicts imminent recession, blames Trump. (Original Post)
DetlefK
Jan 2019
OP
Ohiogal
(31,963 posts)1. My modest mutual fund investment already is down 4% from last year.
After almost a decade of growth.
Thanks, Trumpy.
DetlefK
(16,423 posts)3. Same for me.
I was careful to choose a low-risk-low-yield investment fund, and I still ended up with -1% this year.
Achilleaze
(15,543 posts)2. #TrumpSlump(R) sucks
republicans always piss all over the economy with their darkside greedy grabby efforts to enrich the already rich, and to screw everyone else.
democratisphere
(17,235 posts)4. What drumpf ACTUALLY DOES is the exact opposite of what
he says he is doing.
ALWAYS!