Economy grinds to a halt under Trump

[Johnny2X2X]

http://money.cnn.com/2017/04/28/news/economy/us-gdp-q1-2017/index.html?adkey=bn

We've had 8 solid years of economic and job growth. We are simply due for a recession.

Trump would have been wise to distance himself from the economy and talk about it as being bad. But he took ownership of it by claiming the stock market surge is because of him. We know Con policies cause recesssions. That's a verifiable fact. If we were already going to have a recession they will make it a deeper one.

Even some liberals have been acting like Trump's massive tax cuts and deregulation will be good for the economy. You won't, they've all been tried before and the results will be a deep recession.

[KingCharlemagne]

1. I wouldn't put it past Trump or his goons to interfere with the Bureau of

Last edited Sun Apr 30, 2017, 10:01 AM - Edit history (1)

Labor Statistics (a unit of the U.S. Department of Labor) to try to skew its reporting in his favor. However, if the BLS is allowed to pursue its long-standing tradition of collection and dissemination of data regarding unemployment, I predict we will see U2 unemployment rate hitting 10% by December 31, 2017 and 15% by December 31, 2018. Most of the newly unemployed will come from Trump's deplorables.

[dalton99a]

2. +1

[Johnny2X2X]

4. Not that fast

First of all, we were due for a pull back. Even if Obama were still in office we would probably have seen a slight recession, we've had 8 years without a recession, that is unusual. But the recession still might be a year off, wage growth the last year has been excellent and that will drive consumer spending and the economy. The recession will begin in earnest next year IMO, and it will be made more severe by the radical conservative economic policies of Trump.

And if he gets his tax cuts and deregulation, the recession will be worse than the Bush Great Recession. And the deficits will be absolutely insane! $2 Trillion or more per year, way way over sustainable.

[KingCharlemagne]

5. It seems you and I merely disagree on the timing and you make some compelling

arguments for why your version is preferable.

However, I would remind you of two things: so-called "Black Swan" events and, related, mass panics (akin to France's The Great Fear in 1789). These two factors could accelerate the decline and stagnation at a terrifying pace.

[HAB911]

3. NYT:

The U.S. economy grew at a sluggish 0.7 percent rate to start 2017, the weakest quarterly showing in three years


Trump is the biglyest loser ever

[smirkymonkey]

6. Almost anywhere you look, the facts bear out that republican control is worse for the economy

than Democratic control. It has been proven time and time again. So why do people still cling to this myth that republicans are better for the economy?