kiwiman127
Comfortably Moderate
The Last Refuge
Forced by Reality – The Washington Post Cancels the Recession…
Excerpt:
In July and August the U.S. was heading into a recession according to the media. The Washington Post was at the forefront of the recession narrative with multiple articles predicting certain doom for the U.S. economy…. except there was a problem. All of the economic data would not support their predictions. Things only got better.
The media gnashed their horrible teeth and stomped their horrible feet; alas Main Street continued to get stronger; wages higher, unemployment lower, and more middle-class Americans gaining strength and financial footing. The media shouted at trees hoping and praying their predictions would soon evidence and the economy would throw itself into reverse. Foiled again, it just never happened. Democrats have permanent frowns.
Today the Washington Post admits defeat, informs their audience that cheering for economic collapse is futile, and states, reluctantly, the U.S. is unlikely to enter a recession:
LINK
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No recession during the Trump era.
IF Trump gets another 4 years there will be a recession during the Trump era. The only question is how deep.
Considering Trump's first three years of padding an already growing and healthy economy an additional $3 trillion dollars, with trillion dollar annual deficits into the foreseeable future,when a recession hits, the US will be up shit creek.
Of course our economy is continuing the same projectile Trump inherited, but then he threw trillions of dollars into the economy. Obama had four straight years of sub trillion deficits and the economy grew.
So, Obama grew the economy while cutting deficits, Trump continued the growth while almost doubling the deficits. That approach has a short term effect. But in long term, annual trillion dollar deficits will have along term effect and it isn't going to be good, at all.