Trump Recession

My friend called the other day and asked if I thought the economy would slip into recession. I think my response frightened him. We're already in recession. What we have to worry about now is something no one-- or almost no one-- thought we would ever see again: a depression.

When Obama was elected in 2008, Bush left him a major financial crisis that came to be known as the Great Recession.

Stock markets reacted badly to the Fed's panicky decision to lower U.S. interest rates to zero over the weekend, due, at least in part, to Trump's blustering, threatening, hysterical demands that they do something to save his collapsing presidency.

Jennifer Christie is the progressive Democrat in the race to fill the open seat for the congressional district north of Indianapolis. "Trump’s economy," she told us this morning, "is unsustainable for my district. We are a rural and suburban district that depends on agriculture and innovation. His tariffs hurt farmers, businesses, and consumers.

It seems like every few days I've been writing a post about another broken Trumpanzee campaign promise. This fits right in-- and in a big way since whatever support Trump had from non-racists, this is right at the heart of it. Don Lee reported for the L.A.

G. Elliott Morris, a data journalist for The Economist who covers their polls, wrote that the new national polling of the Democrats' primary elections in 2020 from YouGov shows some significant movement in the last month-- primarily away from Biden and towards Bernie. In parentheses are the changes among Democratic primary voters from last month:

The Dismantling Of American Democray by Nancy OhanianI don't want to get all hung up on polls today but I want to use some recent ones as part of the context of what I want to get to now.

Trump has always believed that if you talk something up enough you can make it happen. It's different from just plain lying and different from gaslighting. It's a form of manipulation common in the New York City business world. On Sunday he told reporters, "I don't think we're having a recession. We're doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they're loaded up with money." Loaded?