Economist Gives Trump’s Economy Strong Outlook
An economist has given President Trump good news heading into the 2020 election. The economist does not foresee a recession before the 2020 election.
According to The Daily Wire:
Acknowledging that talk of a coming recession has mushroomed recently, one economics expert writing in The New York Times attempted to assuage those fears by noting that the American economic system is far more resilient than the fear-mongerers would have others believe.
Neil Irwin, a senior economics correspondent for The Upshot, starts his explanation by noting, “In August, consumer sentiment suffered its biggest drop since 2012, and Google searches for the term ‘recession’ surged to their highest levels in more than a decade.” But after pointing out that business activity has slowed and American manufacturing began shrinking in August for the first time in three years, Irwin turns positive, opining that an outright recession seems unlikely and a period of sluggish growth looks more probable.
Irwin concludes, “There are a lot of risks out there, and it makes sense for C.E.O.s and ordinary consumers to be wary of what the future could hold. But for now, a gloomy economic future remains a far-from-certain possibility.”
The Washington Post, in an article titled, “How A Recession Could Doom Trump’s 2020 Reelection,” noted that only one president since the Civil War won reelection when a recession hit in the last two years of his first term: William McKinley in 1900. The Post added, “Since then, all four presidents running for reelection who had such a recession lost: William Taft, Herbert Hoover, Jimmy Carter and George H.W. Bush. Over the same span, all 10 who have sought reelection without such a recession have won: Woodrow Wilson, Franklin D. Roosevelt (3x), Dwight D. Eisenhower, Richard M. Nixon, Ronald Reagan, Bill Clinton, George W. Bush and Barack Obama.”
One of the major factors pointed out by the economist is the fact that the trade war is only effecting a small percentage of the economy as a whole.
Oh yes the dems won’t stand this and they will get all pissy. and come up with all kinds of hatred excuses. It doesn’t matter if it is great for the American people—–not them , well for me screw them.! Let them sink into the mud hole that they made.
I couldn’t have said it any better than you did. Let them sink!
The DEMRATS are Pissing all over themselves!
Go Trump, 4 more years.
President Trump is the greatest president that this country ever had. Even with all the Democratic Communist Party obstruction President Trump still kept his campaign promises and is doing a fantastic job as leader of the free and most powerful country on the face of the planet. We need him to continue the great work he is doing for all the people of our country and for the people of the world. President Trump is the greatest leader of our time. Four more years. GO TRUMP ! KAG Sincerely, Martin Korab
This is so true. Yesterday I heard Donny Swagart saying that president Trump is the best president for the last 100 years, and he is right.
Is divided for one reason alone. The democrats are devastated that their hero Barack was not able to make the USA into a communist country but, not to fear, Hillary was to be the finisher to do it. Trust and patriots said “ hell no” we are a democracy so, they are rats on a sinking ship. Laughable. Trump wins. We vote.
This land of ours is a REPUBLIC (A Republic madam, if you can keep it) when asked. It was great to read your comment and I totally agree with you. But as many hosts have said, “do not think that the presidency is going our way and decide NOT to vote, we must never surrender without a fight”. Bring ten or twenty patriots with you and make sure they vote.
The deranged donkeys (like the alliteration?) took a time out from praying for a recession to get rid of Trump, to pray instead for the hurricane to strike Mar-a-Lago in FL, ooops didn’t happen, so now back to praying with Billy Mahr for a recession. Fake news, I made this all up! Oh they all want that of course, but I mentioned prayer and they don’t do that, sorry.
True. My concern is the 8.5 trillion dollars the Pentagon can’t account for…we know this money is being used to kill Americans from left to right. look at chemtrails….37 chemicals sprayed on us…and vaccinations as well
If an economist said no recession then buy puts, TVIX, short the market, etc. Economists have no clue. That’s exactly what they said in 2000 (before a recession), 2007 before the recession, etc. In 1929 everything was absolutely fantastic until the day it wasn’t. When the fed and economists say, “nothing wrong, full speed ahead,” look out below. And that’s what they are saying now.
We need to start calling them what they are: COMMUNIST!!! Very many of these people in Washington have had connections to the COMMUNIST PARTY for many years and it appears that they have finally got a foothold in the democratic party. But the couple responsible for this is the Clintons. We should realize that eventually the DEMS will get back into the white house and when they do you will never recognize your country again.
I totally agree with Martin. President Trump will go down in History as one of the greatest Presidents in American History.He’s making all the right moves, he has the guts to make those moves and he won’t let ANYBODY talk stink about out country. China should have been dealt with decades ago, but the former POTUSes were too wimp to stand up them. Trade, taxes, immigration, Iran, the EU, NATO, ISRAEL all the right moves. 4 more years Mr. President, Trump 2020!!!
All good stuff. Mr trump is the right man at the right time. When his second term ends, there will be a movement to allow for a third term. One of history’s most important persons
Keep fighting President Trump. “Freedom is a priceless jewel, once lost would take an unparalleled amount of martyrdom to seeks its return an a trail leaving behind a trail of blood”
Keep fighting President Trump.
“Freedom is a priceless jewel, once lost would take an unparalleled amount of martyrdom to seeks its return, leaving behind an unprecedented amount of Patriots blood”
What happened to the 50 year canceling debt program?
To the future voters of America who enter college at the age of 17: The “Capitalization Law” that was put into the contract that you are signing to get a loan from our government is a DOUBLE INTEREST clause, put in by our legislators. Who caused this corrupt practice? You guessed it,THE CORRUPT CENTRAL BANKERS who pressured them into it, as they always
find a way to do so. The interest not paid for 4 years is added to the principal and when the loan comes due after graduation they charge another interest on the INTEREST THAT THEY ADDED TO THE BALANCE that increased the PRINCIPAL with charges of interest THROUGHOUT THE 4 YRS.
I am 85 yrs. old, born 1933 and as a child I lived through WWll, Korea,Vietnam etc. The men in my family fought and died so that our grandchildren, by our present government, are to be fleeced at unimaginable interest rates.FedLoan Servicing PO Box 790234 St. Louis MO 63179 this is where my grandson at 9% (Victor Corona) has sent, originally $550.00 a month which jumped to $750.00 a month for 30 years,( because he wrote to me),”it goes up $200.00 every 2 years and I hit the 2 year
mark”. This $96,000.00 loan is never to be paid in his lifetime. My other grandson Billy is also in debt for his college loan, the percent is 6.8 I do not understand why this is. I believe the Capitalization Law is illegal and also illegal is the $200.00 increase on Victor’s loan every 2 years. Can anyone Post information as to how these unfair practices by The Federal Reserve can be stopped.
About 90% of economists are leftists. When you add the evidence that they are willing to carry water for leftist political groups, you have a problem. Most economists who recently predicted a recession next year are the same people who predicted a recession due to Trump’s election, a recession in 2016, and a recession last year. See a pattern?
yeah, the patter is that they are paid to do that, sometimes directly and sometimes in promotions and jobs. Unfortunately the American Haters (aka democrats and globalists) had Obama steeling billions of dollars to have enough cash to bribe those corrupt politicians…but here is the news…We have God on our side and that settles the case.