Trump says the U.S. is ‘very far from a recession’ but floats stimulus ideas anyway

President Donald Trump has consistently rejected a growing number of forecasts that his trade war with China and slowing global growth are pitching the U.S. economy toward recession. But he’s also spending a lot of time outlining policies to stave it off.

Trump also defended his trade war with China — a dispute economists point to as a primary risk for global economic growth. He called any short-term pain the U.S. has to pay from the trade war “irrelevant.” For Trump, the economy may be even more important than for his predecessors. His low-40s approval rating is already perilous for an incumbent, and the economy is the main factor keeping him afloat. He scores poorly on most other policy issues and on questions of leadership and character.

“We’re looking at various tax reductions” but the White House does that “all the time,” he said. “I’m not talking about doing anything at this moment.” While the president remains bullish, he and his economic advisers have been casting about for ways to cut taxes to foster growth amid troubling signs. Business investment is cooling and manufacturing has weakened. U.S. factory activity deteriorated in July to an almost three-year low, according to the latest figures from the Institute for Supply Management.

Even congressional Republicans are hesitant to put forward tax cut legislation, worried that would suggest that the economy is faltering heading into the 2020 campaign season.

Just what he did the Russian collusion. 'No collusion, but hey don't tell the Special counsel' America has a swindling liar in the White House.

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