recession

Source : Strategic Culture, Alastair Crooke,
© Photo : Flickr/investmentzen

Authored by Serban V.C. Enache via Hereticus Economicus:

Trump has an even worse one in mind nowTrump wants to put through another big tax cut for the wealthy before the election and Bloomberg News is reporting that the regime thinks it can be done without approval from Congress— which certainly wouldn’t be coming. The plan is “to cut taxes by indexing capital gains to inflation.

I can't say I watched the whole Chris Matthews town hall in Montgomery County, Ohio (Dayton), a county that swung from 145,997 (52.5%) for Obama and 128,679 (46.3) for McCain in 2008 and 137,139 (51.5%) for Obama and 124,841 (46.88%) for Romney in 2012 to 123,909 (47.97%) for Trump and 122,016 (47.24) for Hillary in 2016. MSNBC must have spent a lot of time finding people who fully embraced so much shocking ignorance.

This morning's news would have made anyone in TrumpWorld want to stay in bed. Ben White wrote that recession warnings are piling up, exacerbated by the Trump-McConnell government shutdown which itself is starting to look like a serious crisis nudging the country towards recession.

Will voters have had enough of the circus in 2020? In a recession?In a manner of speaking, 2020 is just around the corner.

Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of the presidential campaign between Barack Obama and John McCain and was followed by protests that created a popular movement, which continues to this day.
 

Bill Maher: “Bring on the recession.”
Comedian and neo-liberal Trump hater Bill Maher wants economic collapse for America in order to “get rid of Trump.”

Brazil’s unions have planned a day of struggle to protest Temer’s proposed social security reform bill. The president is already very unpopular in Brazil; polls show voters want him to be accountable for alleged corruption [Xinhua]
Brazilian President Michel Temer is facing a tide of opposition regarding his promise to reform the social security program.
Many among his supporters see the reform initiative as damaging to their relection bids in the general election next October.

Last week, Prime Minister Modi gave an hour long speech denouncing ‘pessimists’ who refused to see the bright side of demonetisation and other transformations that his government’s able management had visited upon the economy.