Trump Refuses To Rule Out Causing A Recession

The Washington Post reports:

President Donald Trump declined to rule out a recession this year as the economy reels from his efforts to impose tariffs and rebuild the U.S. manufacturing sector, acknowledging in an interview broadcast Sunday that “it takes a little time” before Americans will see a payoff from his policies.

Trump’s recognition of the turbulence in the U.S. economy was a reversal from previous cheering that his policies would deliver quick victories to voters and businesses, and it stood in contrast to reassurances from his own advisers on Sunday that no recession was in sight. Trump also downplayed the dropping stock market despite years in which he has claimed credit for its rise, saying in the Fox News interview that “you have to do what’s right” even if markets don’t like it.

Trump pushed Biden on the stock market, inflation and the overall economy — all issues on which he is now telling voters to look the other way. Asked by Fox News anchor Maria Bartiromo whether he was expecting a recession this year, Trump said: “I hate to predict things like that. There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing.”

Read the full article. “I hate to predict things like that,” said the con man who has made a career out of predicting things like that.