America has had its longest economic expansion in its history, more than 10 years, brought about under Barack Obama, and continuing under Donald Trump, but would have continued if Hillary Clinton had been inaugurated.
But what goes up must come down, the “gravity rule”, and Donald Trump has insured a future massive recession, maybe even a depression, by his insane policy on tariffs.
China is punishing us in the tariff wars, and Trump has lied to the American people about who suffers when such wars occur. It is NOT China, but American consumers, and American farmers, and this will lead to a massive revolt against Donald Trump 15 months from now.
If Trump studied history, he would know that two past Republican Presidents, Benjamin Harrison in 1892, and Herbert Hoover in 1932, suffered massive defeat as a result of the McKinley Tariff of 1890 and the Smoot-Hawley Tariff of 1930. It led to the Panic of 1893 and the Great Depression of 1929.
But Trump has no knowledge of history, or economics, or of any topic imaginable, as he is easily the most ignorant, clueless, and purely stupid President we have had, and makes Warren G. Harding and George W. Bush look like scholars by comparison.
The issue is WHEN the economic collapse will come, and hopefully, before the election, as if it happens after, and Donald Trump is reelected, he will do nothing to alleviate the worst aspects of the coming recession or depression, and will have four years to impoverish America further, and incite white working class people against women and minorities, who he will blame for his own shortcomings.
Open Civil War could come as a result, and lead to the total destruction of the Constitution and Bill of Rights, and the great American image as the beacon of freedom and democracy could be permanently destroyed.
So we must hope that the collapse, as painful as it is, will occur in time to lead to a massive defeat of Donald Trump, with a Democratic President coming in to save us, as with Franklin D. Roosevelt in 1933 and Barack Obama in 2009.
If the economy actually goes into recession, Trump has already teed up a few possibilities for his finger-pointing. One of them is the guy he made chair of the Federal Reserve.
Just in case that doesn’t do the trick, Trump is preparing to point the finger at one of his other favorite targets – the news media.
You can rest assured that it won’t be long before Trump starts blaming Democrats.
https://washingtonmonthly.com/2019/08/16/if-the-economy-goes-into-recession-who-will-trump-blame/
The latest thing by the idiot we have for “president” is that he wants to buy Greenland.
The idiot also conspired with Netanyahu to block Reps. Tlaib and Omar from visiting Israel.