Trump called the term recession “inappropriate,” while claiming that the media wants a recession and the country is heading for growth.
Trump doesn't want anyone in America using the word recession, because he thinks that it is "inappropriate." pic.twitter.com/LpooVVYcrn
— Sarah Reese Jones (@PoliticusSarah) August 20, 2019
Trump said at the White House:
I think the word recession is a word that’s inappropriate. It is just a word that certain people, I am going to be kind, certain people and the media are trying to build up because they would love to see a recession. We are very far from recession. If the fed would do its job, we would have a tremendous spurt of growth. The fed is psychologically less important. Less so actually, but psychologically important. If the fed would do its job, which it has done poorly in the last year and a half, you would see a burst of growth like you’ve never seen before.
That would be lowering interest rates, maybe putting some — if you look at what China and Germany is doing, what so many countries are doing, putting money in because we want to compete with other countries. So I think that we actually are set for tremendous surge of growth, if the fed would do its job. That’s a big if, frankly. They should. The fed should be cutting and I would say they should say at a minimum 100 basis points over a period of time, not at one time, over a period of time.
Trump’s comments confirm reports that the presidents that he can make the recession go away by not talking about it. The president knows that if the country falls into recession and starts talking about it, his reelection campaign will be doomed. Trump is trying to distract the country away from the oncoming recession.
The recession is coming. The US economy is overdue for a slowdown. It is only a matter of if the recession before or after the 2020 election, but Trump has no plan, except to ignore the recession away by not talking about it.
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