Dems shouldn’t pin their 2020 hopes on an imminent recession

[lennypartiv]

Democrats aren't the best at understanding the economy. Just because they say we're heading into a recession does not make it true.

<<Sure, a headline like “Stock market on pace for worst December since Great Depression” provides a wonderful opportunity for a bit of cathartic dunking on Trump. It was only last October when the president was still touting a higher Dow Jones Industrial Average and S&P 500 as proof Trumponomics was working beautifully. On Oct. 3, Trump tweeted: “The Stock Market just reached an All-Time High during my Administration for the 102nd Time, a presidential record, by far, for less than two years. So much potential as Trade and Military Deals are completed.” Since then, the Dow has been down as much as 12 percent.

A tumbling stock market is not a recession. A slowing economy is not a recession. And a recession is not a depression. These are all things Democrats and NeverEverTrumpers everywhere should keep in mind as they envision a nasty economic downturn driving President Trump from the White House.>>
Democrats shouldn't pin their 2020 hopes on an imminent recession - AEI

 

[JGalt]

Democrats aren't the best at understanding the economy. Just because they say we're heading into a recession does not make it true.

<<Sure, a headline like “Stock market on pace for worst December since Great Depression” provides a wonderful opportunity for a bit of cathartic dunking on Trump. It was only last October when the president was still touting a higher Dow Jones Industrial Average and S&P 500 as proof Trumponomics was working beautifully. On Oct. 3, Trump tweeted: “The Stock Market just reached an All-Time High during my Administration for the 102nd Time, a presidential record, by far, for less than two years. So much potential as Trade and Military Deals are completed.” Since then, the Dow has been down as much as 12 percent.

A tumbling stock market is not a recession. A slowing economy is not a recession. And a recession is not a depression. These are all things Democrats and NeverEverTrumpers everywhere should keep in mind as they envision a nasty economic downturn driving President Trump from the White House.>>
Democrats shouldn't pin their 2020 hopes on an imminent recession - AEI

Well they do have a backup plan in case there's no recession: They're going to run on "climate change" when on December 10th, 2020, all the glaciers melt, the coasts flood, and the country catches on fire.

 

[lennypartiv]

Well they do have a backup plan in case there's no recession: They're going to run on "climate change" when on December 10th, 2020, all the glaciers melt, the coasts flood, and the country catches on fire.

Dems didn't get the memo that climate change is good. Greenland is thrilled they will have more usable land for farming and mining. Dems will be disappointed to see their predictions of a recession don't come true.

 

[lennypartiv]

And the liberal media that supports the Democrats jumps on board the recession bandwagon.
A 'troubling signal' for the economy is fewer goods being shipped across the country