General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDoes Trump Want to Sandbag the Economy?
by Robert Kuttner
October 3, 2019
Economic growth is clearly slowing. Manufacturing output is down, as are exports, thanks to Trumps trade cold war with China.
The government has run out of stimulus tricks. Even interest rates that are close to zero, plus an immense fiscal jolt in the form of a trillion-dollar deficit (courtesy of Trumps tax cut for the rich) isnt fixing whats broken.
Corporate America is sitting on trillions in profits that it cant find ways to invest. Thus, stock buybacks.
(This is why massive public investment is the only solution to Americas sagging economy. But I digressthats a post for another day.)
https://prospect.org/blogs/tap/does-trump-want-to-sandbag-the-economy-tariffs-trade-war-EU/
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What is it with this guy? Does he want to sink his own presidency and chances for re-election? Well, you might try such search terms as Ukraine, treason, civil war, and impeachment, and that old favorite, certifiably insane.
abqtommy
(14,118 posts)OAITW r.2.0
(24,455 posts)I look at every Trump action and they sure seem to benefit Putin. Why not a take down of the US economy?
Johonny
(20,833 posts)Trump is the instrument he's using to do it.