Hey Guys.. Just listened to Stephen Moore..

[busterbrown]

run over Cnn's Erin Burnett (Out Front) on the economy and his appointment by Trump.Once again she let a right wing trump lover get every one of his talking points about how fucking Phenomenal Trump's Economy is ... Made me sick.

Can anyone here give some quick talking about Trump's Phenomenal Economy...and how we might be heading off a cliff in so many areas.

I know a few,( Deficit is heading on a path to hell) but I'd like to hear a few more..

[blm]

1. Consumer confidence is at a 2yr low.

And then there is this ominous report....

https://www.cnbc.com/2019/04/11/shadow-banking-is-now-a-52-trillion-industry-and-posing-risks.html?

[riverine]

2. GDP is trending down.

Forecasts are in the 2% area.

But it was 1-3% during the Obama years (2009 excepted due to the Bush Recession).

[mopinko]

3. we had an inverted yield curve a week or so ago.

that's not good.

[A HERETIC I AM]

4. Still is.

The 12 month is yielding more than the 2 year

https://www.bloomberg.com/markets/rates-bonds/government-bonds/us

[melman]

5. Former CNN "senior economics analyst" Stephen Moore

Isn't that nice how they give these guys a forum to practice their bullshit?

[dawg day]

6. Well, the simplest thing is... we're due for a recession.

Usually we have one every 8-10 years. And as you know, there were no recessions once Obama took office! Trump has had 2 years coasting on Obama's economy, but it probably won't last no matter what he does. (His big tax cut cost the economy many billions, but actually produced little growth.)

2020 would be a good time for it, if there's ever a good time for a recession. The last one-term president was George HW Bush, and his sky-high approval ratings (double Trump's, actually) plummeted when the country went into a fairly deep recession. He might have won if he hadn't had Ross Perot siphoning conservative votes, but the recession really made people doubt Bush's acumen at economic matters.

The rightwingers and the rich haven't worried much about this for 9 years... so a recession is going to be a real shock. I don't want to hope for a recession, but if it's going to come, well, it somehow tends to come at the end of GOP presidential terms.