No, it's not a “strong economy”, it's actually slowing as Trump keeps lying
By annieli on December 28, 2019
Last updated on December 30, 2019
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2020 will continue Trump’s lying and incessant touting about an economy that has underperformed with the growth given him by PBO. Numbers artificially propped up by deficits and tax cuts will result in a potentially catastrophic and looming recession. Trump’s “trade war” has contributed to global slowing.
With the new year right around the corner, it’s worth considering what the world will look like a year from now. Our pace of change is, after all, light speed: 2020 could bring all sorts of crazy. This is true even if Donald Trump survives impeachment (which is likely) and even if he survives re-election (which is less likely, but still well within the realm of possibility).
We see through a glass darkly. Who would have predicted the Ukraine call that dominated the last half of 2019? Every day, it seems, brings us a new development, insane tweets, and new colorful characters being introduced to this drama. Why should next year be different?
A healthy, if chilling, reminder: Despite our gloominess about the future, this president has not yet been fully tested. Many of the events that could define 2020—the things that would likely determine electoral outcomes—are beyond our control. Right now, Trump is running on a very good economy. Indeed, that alone would probably be enough to guarantee the re-election of a normal incumbent president. But what happens if this economy begins to show signs of slowing? We should not root for this, but the trajectory of an economy matters, and a potential downturn could remove the best card that Trump is holding.
Is a recession coming in 2020 or 2021? Experts continue todebate the conflicting signals, but an equally telling question might be: How does the “Trump economy” compare to Barack Obama’s?
President Trump constantly refers to the economy with descriptors such as “strong,” “terrific” and the “greatest in the history of our country,” but a closer look at the data shows a mixed picture in terms of whether the economy is any better than it was in Obama’s final years. The economy is growing at about the same pace as it did in Obama’s last years, and unemployment, whilelower under Trump, has continued a trend that began in 2011.
Most economic indicators show Obama economy did far better than Trump. washingtonpost.com/business/2019/… Job gains, unemployment & GDP growth, all slowing under Trump. Trump achieved by: – Weakening financial & environmental regs – Alienating allies & breaking trade agreements
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The defining geopolitical story of our time is the slow death of U.S. hegemony in favor of a rising China. Michael Beckley argues that China’s economic rise is stalling—and that this slowdown will make Beijing’s foreign policy more aggressive than before.https://t.co/FeTcuxSm1W
Petty tyranny begins in the hour before he left for golfing today.
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California and New York must do something about their TREMENDOUS Homeless problems. They are setting records! If their Governors can’t handle the situation, which they should be able to do very easily, they must call and “politely†ask for help. Would be so easy with competence!
Yes, it’s not a trial but a whitewash without witnesses. And even with witnesses, it’s a rigged trial as long as McConnell is in bed with Trump — which he stupidly bragged he is. But at least the voting public will learn more about what a corrupt, lawless man seeks re-election https://t.co/uWYK2jBFLK
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