The tax cuts didn’t provide long term help and mostly benefitted rich people.
Trump either doesn’t understand tariffs or lies about them. Americans pay for the increased cost of Chinese goods, not China.
He has made poor choices for advisors.
He will blame the Federal Reserve and the media if there is a recession and is casting doubt on stats that don’t support his lies.
Trump inherited the Obama economy. His trade wars, tax give aways, and reckless foreign policy is squandering it and will put us in a deep hole that will be hard to get out of. https://t.co/lhD7eSfFqk
— Ben Rhodes (@brhodes) August 15, 2019
“If the president is unable to find a way to stand down from his threat to slap 10% tariffs on as much as $300 billion in Chinese imports later this year, odds are better than even that the U.S. and global economies will suffer a downturn.” – Mark Zandi
— James Pethokoukis (@JimPethokoukis) August 15, 2019
Since Trump always projects everything he is doing onto other people, this probably means that Trump is planning on rigging economic data to help him get reelected in 2020. https://t.co/DL2kuDIkiV
— "CRAZY" Facts Do Matter (@WilDonnelly) August 16, 2019
Trump's advisers believe he wlil continue to attack the Fed, even though in recent days no other administration officials save for Peter Navarro have joined in criticizing Powell https://t.co/AS1Qqe7HNp
— Nick Timiraos (@NickTimiraos) August 16, 2019
Trump aides fear a weakened economy would hurt him with moderate Republican and independents who have been willing to ignore some of his incendiary policies and rhetoric.
— Jonathan Lemire (@JonLemire) August 16, 2019
And the White House sees few options for reversing course should the economy falter https://t.co/wborFjCkF1
When Obama was president and the official economic statistics were good, Trump said they were fake.
— Catherine Rampell (@crampell) August 16, 2019
When Trump became president and inherited the exact same stats, suddenly they were real.
Now that they’re turning south, they’re fake again. https://t.co/GMMpX6iV6g pic.twitter.com/Ljns5DSzfz
Ummm 👉🏼👉🏼👉🏼 “Trump’s economic advisers have been delivering the president upbeat assessments in which they argue that the domestic economy is stronger than many forecasters are making it out to be.” https://t.co/etRKf1LcZK
— Bianna Golodryga (@biannagolodryga) August 16, 2019
In today's paper, @jeannasmialek @AnaSwanson & I examine the "dangerous game" President Trump is playing with the economy, the Fed & his own re-election: https://t.co/oMK0Gnix9w
— Jim Tankersley (@jimtankersley) August 16, 2019
I want to unpack one part of that equation: The continued bullishness of Team Trump forecasts. 1/
Real econ risk is if things go wrong, WH doesn't have a plan & doesn't have any competent personnel to come up with one. Trump's econ brain trust consists of a guy who plays an economist on TV, a nutcase the entire (real) econ profession has disowned, & the producer of LegoBatman
— Catherine Rampell (@crampell) August 14, 2019
Trump launched his trade war in a strong economy w/buoyant financial markets
— John Harwood (@JohnJHarwood) August 14, 2019
now, yield-curve inversion signals he’s not playing with house money anymorehttps://t.co/OWqyxXY5TE
Sad! 