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The Dow is currently in the midst of its worst losing streak since 2011 as investors no longer see Trump's pro-business agenda as a slam-dunk.
Now this doesn't mean we are automatically headed for recession. Something would need to spook the markets to the point that it causes credit to dry up and lending to become more difficult for there to be recession. However, I think that this is starting to look more and more likely, at least sometime between now and 2020.
I honestly believe the less of Trump's agenda gets implemented, the better in terms of long-term economic growth prospects. A lot of people don't realize that moderate growth like we saw during Obama's second term is better for the nation and more sustainable than excesses like we were experiencing pre-2008. However, I do think the current economy is a lot more fragile than most realize and it wouldn't take much to send us into a recession. The repeal of Dodd-Frank is specifically alarming as many of the regulations were safeguards against another banking crisis like we saw in 2008.
One thing that is certain is that if recession is imminent, Trump owns it. Obama handed over an economy that was in pretty good shape. If we go into recession due to either government incompetence or trade policies, it's all on Trump.
One thing that is certain is that if recession is imminent, Trump owns it. Obama handed over an economy that was in pretty good shape.
Give us a break. Obama handed over one of the worst economy's in the history of the US. Completely smoke and mirrors with fabricated job creation that even his own spokespeople admitted to. He added 9 TRILLION in debt and a healthcare system in ruins. Not to mention a pension crisis and huge gaps in SS, medicare, medicaid, etc. The list is far too long to continue. THIS IS 100% on OBAMA. 100%.
Give us a break. Obama handed over one of the worst economy's in the history of the US. Completely smoke and mirrors with fabricated job creation that even his own spokespeople admitted to. He added 9 TRILLION in debt and a healthcare system in ruins. Not to mention a pension crisis and huge gaps in SS, medicare, medicaid, etc. The list is far too long to continue. THIS IS 100% on OBAMA. 100%.
Why does Trump continue to use Obama administration unemployment figures then?
If republicans can not increase the budget spending ceiling soon the government will be shut down and it will be shut down for 3 to 6 months. Republicans will not increase spend it will be 101% on them they are the majority in DC right now and the recession will start then. This will hurt them along with Trump being maybe the worst president ever for many years to come.
One thing that is certain is that if recession is imminent, Trump owns it. Obama handed over an economy that was in pretty good shape. If we go into recession due to either government incompetence or trade policies, it's all on Trump.
What are your thoughts?
Let me get this right.
If the economy fails its all on Trump, but if GDP growth and wage growth go above 3% before 2020, its due Obama?
If republicans can not increase the budget spending ceiling soon the government will be shut down and it will be shut down for 3 to 6 months. Republicans will not increase spend it will be 101% on them they are the majority in DC right now and the recession will start then. This will hurt them along with Trump being maybe the worst president ever for many years to come.
This is definitely a possibility.
How bad would a debt ceiling recession be? Would it be as bad as 2008 or possibly even worse?
Ill Take Two Please, I find your information...not believable.
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