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DetlefK

(16,423 posts)
Mon Jan 21, 2019, 11:07 AM Jan 2019

Reagan-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 Trump’s 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. “We’re near the end of a weak, long expansion cycle that’s headed for the next recession.”

Stockman went on to call the brief spurt in growth during the president’s first two years “a temporary blip” fueled by corporate tax cuts, and he predicting things would come crashing back down this year.

“There’s been no boom,” he said. “There’s a recession coming. He’s 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
My modest mutual fund investment already is down 4% from last year. Ohiogal Jan 2019 #1
Same for me. DetlefK Jan 2019 #3
#TrumpSlump(R) sucks Achilleaze Jan 2019 #2
What drumpf ACTUALLY DOES is the exact opposite of what democratisphere Jan 2019 #4

Ohiogal

(31,963 posts)
1. My modest mutual fund investment already is down 4% from last year.
Mon Jan 21, 2019, 11:09 AM
Jan 2019

After almost a decade of growth.

Thanks, Trumpy.

DetlefK

(16,423 posts)
3. Same for me.
Mon Jan 21, 2019, 11:13 AM
Jan 2019

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
Mon Jan 21, 2019, 11:11 AM
Jan 2019

republicans always piss all over the economy with their darkside greedy grabby efforts to enrich the already rich, and to screw everyone else.

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