On the campaign trail, Democratic candidates blasted President Trump for his economic stewardship, criticizing his gyrating trade policy and accusing him of hurting American workers and farmers and stoking a possible recession.
Democratic candidates have taken a calibrated approach to talking about the economy, but the trade war with China provides a potent new line of attack.joked about in a tweet . Democrats quickly cited the day’s developments to press the case that Mr. Trump was losing his grip on economic policy. “Donald Trump has no strategy or plan,’’ Senator Elizabeth Warren of Massachusetts wrote on Twitter on Friday night. “His reckless actions drove his own companies into bankruptcy — now they threaten the global economy and increase the risk of a recession that will hit working families hardest.’’ Campaigning in New Hampshire on Saturday, former Vice President Joseph R. Biden Jr. said the trade war with China was “blowing up.’’ He portrayed the administration as “falling apart’’ on the economy, and pointed to economic warning signs in the bond market and manufacturing. “The simple truth is President Trump is in trouble and he knows it,’’ Mr. Biden added. Until this month, Democratic candidates had taken a more calibrated approach to talking about the economy. They have asked voters to look past the data points that Mr. Trump has touted — benchmarks like the lowest unemployment rate in 50 years and a surging stock market — and have pushed the argument that working-class Americans were not benefiting despite the positive signs. Candidates proposing ambitious change, like Ms. Warren and Senator Bernie Sanders of Vermont, have focused on structural inequalities and framed their positions in term of fairness and dignity, rather than raw economic indicators. Image “I think the economy is in a very risky place right now, and every day that goes by, Donald Trump makes it worse,” Ms. Warren said last weekend. Credit Philip Cheung for The New York Times [ Sign up for our politics newsletter and join the conversation around the 2020 presidential race.] They were also prioritizing other issues while hammering Mr. Trump for his divisive policies and personality. Democrats unveiled plans to combat white supremacy and hate crimes in the wake of a mass shooting in El Paso, to reduce the greenhouse gas emissions driving climate change, to improve mental health care in America and to help Native American tribes. Mr. Trump has regularly taken to Twitter to proclaim the economy under his administration as “the greatest.” While economic data show the economy is slowing down, it is still growing. Average wages are growing faster under Mr. Trump than they did under President Barack Obama. Polls have consistently shown voters rate Mr. Trump’s performance on economic issues higher than they rate his performance overall. But this month, the bond market signaled a possible recession through what is called a yield-curve inversion, and stock markets have churned over the turmoil with China, prompting Mr. Trump to raise, then quickly drop, ideas for additional tax cuts to stimulate growth. While the election is still more than 14 months away, these developments suggest that the overall direction of the economy could become more of a liability for Mr. Trump. Read more: The New York Times
🤣 Wait, who’s stoking and begging for a recession? Lol. There you go . The current left narrative is RECESSION and I imagine we'll continue to hear that on every left-leaning media outlet until they wear it out and go back to RACIST. Yawn... Looks like he is walking across a golf course! I hope no one bothered to shout Fore!
We lived through the democrat/ China recession when they moved everything to china What's the big deal if we have to go through a Trump/ China recession to get it all back China's government our deep state cronies are about to get a deep depression from Trump supporters MAGA TRUMP 2020----TIME TO END DEMOCRATIC CORRUPTION.
I like how you report breaking news. I like how you report breaking news. And every one of the Democratic nominee should be a Looney Tunes. They have no plan, they’re completely incompetent to run a business not even to mention the country. Say no to the hate mongering of the Democratic Party I believe that Trump is destroying our economy and is an habitual liiar. I also think he is suffering from dementia and is not mentally capable of holding the position of the president of the United States of America.
If you really want to knock China on their ass; if you really want to fix the unfair theft of intellectual property & demanding positions with US companies, if you really want to take back our economy- this is what it looks like & what it takes. Buckle up - it’s happening!
For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters pollThe U.S.-China trade war may blunt some of the stimulus on the U.S. housing mark... The U.S. housing market could lose steam due to foreign development and changes to fiscal policy. Home prices reflects decline of construction, building permits, and home sales. Speculation and fear has created an obstacle in the U.S. economy that they might not recover.
The Chinese are already working to hurt Trump's reelection chances because they are counting on the Democrats to capitulate on trade. They are even buying ads in Iowa that it is Trump's fault China stopped buying their agricultural products. The Democrats' China Collusion. NYT is such garbage. Ringraziate il presidente Trump che vi sta tirando fuori dalla palude.
The democrat done nothing for this country from day one since president Trunp Been in office office till now, with the help of the liberal media’s, they have nothing to show, only the president working by himself, 2 leaders of the democrat refuse to work with him. Everyone knows China has to be dealt with both parties, Trump has been only President on either side to know what has to be done, good for him
To all the farmers that support tRump just keep telling yourselves that “Trade wars are good and they’re easy to win!!” As the GOP screams socialism they’re enacting socialist policies and programs. winning Trump's cocaine economy is running on a drug like high of deficit spending. Now, desperate for a 'FIX' before withdrawal, Trump is begging like a junkie for the Federal Reserve to give him another rate cut fix. Trump is bankrupting America and Putin is smiling
Trump: recession It's not my fault!! It's everybody else's fault!! Yawn.. every time there is a blip in the market, the brain dead left predicts the end of life as we know it. China is on its knees, the American economy is strong, no better time to put China in its place, without ever firing a shot. Apparently too complicated a concept for libs.
Kaplan: Risks From Global Growth, Trade Uncertainty Could Mean Rate CutDallas Fed President Robert Kaplan said he supported the central bank’s move to cut its benchmark interest rate by a quarter point last month—and is open to another reduction in the months ahead. Kaplan “If you wait until the market forces you to Innovate, my guess is you've waited too long.” Make space for the new economy, the new world order. Traditional businesses will die. FutureIsHere It's the Minority Report Fed, Unit of Pre-Economic Weakness.
Everything is going according to plan, right? What is the plan again, I forgot. Taking on China is the right thing to do. Bring the American companies home! Trump there reminds me of the zombie in the opening sequel of the walking dead And remember if it backfires everyone else will be responsible , not our self appointed King!!
The Dunning–Kruger effect is a cognitive bias in which people mistakenly assess their cognitive ability as greater than it is. It is related to the cognitive bias of illusory superiority... who'd have thought that 'Mr. Serial Bankrupt' would have been so bad at this stuff.. To listen to the Democratic Debate in English, please press 1
lol 'stewardship' Trump hasn't even managed the stewardship of himself.
Japan, U.S. negotiators fail to reach agreement on trade, to extend talksTop negotiators for Japan and the United States on Thursday failed to reach an a... 🙏 Odd...but with China succeeded No one wants to deal with USA while Trump is in office as President..,Trump is a liar and emotionally and mentally unstable and not fit to be the leader is the USA.
To Gain Leverage in China Trade Talks, Trump Shows Solidarity With Hong KongPresident Trump has come to see the demonstrations as a point of leverage in trade negotiations with Beijing after months of viewing them as an internal matter for China. “It would be very hard to deal if they do violence,' he said on Sunday. What did he say about kim, his lover? And he has the audacity to talk tash about hongkong? 🤦♂️🤡💯
Asian petrochemical profits slammed by trade war crossfire, oversupplyProfits from making petrochemicals in Asia have plunged to their lowest in month... Trump is bringing back the balance!
A quick US trade deal won't help Britain avoid Brexit damage, economists sayA possible trade deal with the U.S. will do little to mitigate the impact of Britain leaving the EU without a deal in place, economists have told CNBC. If “economists say”... Any trade deal with the US will be completely one sided for the US. It’s economy is 20 x bigger and holds all the cards.