Economic News Thread | Consumer Confidence declines

[nycfan]

Trump Now Says He Doesn’t See Recession

“President Donald Trump downplayed a sharp market selloff spurred by worries that his tariff agenda will drag the world’s largest economy into a downturn, saying he did not foresee the U.S. going into a recession,”

politicalwire.com

 

[ChapelHillSooner]

What if Trump is trying to destroy the economy so that Republicans can turn around and drop tax rates to 10% and implement a federal government that resembles one of the 19th century?

The common people will support it because the tax reduction helps dig out of the major recession/depression.

Basically break things and you get to rebuild it the way you want it.

I wouldn’t trust these people to pull that off or to be able to finely manage an economy as would be necessary.

Also Medicare and Social Security would be issues.