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Hey, six more days like today's market and all of the gains since Trump's election will have evaporated! I wonder what his tweets will look like regarding the economy! Probably, "it's all Mueller and Obama's fault"!
They’ll blame it all on illegals or on black football players kneeling during the national anthem. Everyone knows that God gets angry when the American flag is disrespected.
If the Fed doesn't raise interest rates too much, or too fast we should have a steadily growing economy with decent GDP's. The market went up too fast in recent months, so there was a correction, which was to be expected, but you never know WHEN. The DOW is still up 6,000 points under Trump.
From CNBC, and NBC affiliate and traditionally progressive/Dem supporter:
I don't think that is currently a given (recession) and what's the point to guessing what someone will do in what may happen?
It's not just this thread, I see it in others too, both sides.
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Thus far, the economy has been the only thing Trump has had going for him. Now that is starting to show some serious cracks. If we go into recession, which is starting to look more and more likely, what will Trump supporters have to cling to? This one is also likely to be a doozy (worse than 2008) because the federal government doesn't have the ammunition to respond to it. Rates are still too low and spending is too high. During expansionary periods, its important to prepare for the next downturn and we have not done that.
One thing is certain; if we go into recession that will end Trump's chances of a second term.
For the last year here, liberals have overwhelmingly given any credit to a good economy to Obama. Therefore it's only the right thing to do if the economy turns sour anytime soon, to give that credit to Obama as well.
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