As of right now, there is a lot of chitter-chatter about a coming recession. Of course, opinion matters and political affiliation usually determines one's belief in political matters. I have come across websites that have debunked the recession reports, claiming the economy is doing better than ever. Right-wing bloggers are mostly claiming all of the recession talk is just left-wing propaganda and should not be taking seriously. The question is who's data is correct? Who is producing the right information and what is the truth in the matter?
Some bloggers claim the very idea of a recession is a myth and a giant hoax. Their theory is recessions are just a creation of the powers that be. Some make the claim that information on the economy is something that is manipulated by people in power to control the mind set of the average joe and small businessmen. We are change wrote an article about this back in 2014.
I left the below.
Another article worth reading is "Debunking the myth of the great recession" by dailyreckoning.com
Check out the link below.
Assuming the recession is real, it could potentialy sink Trumps ship before the 2020 Presidential debates.
Trump's trade wars have been a political talking point and could very well become Trump's version of the Iraq and Afghanistan wars, leading into a recession and possibly something worse. The world has changed its view on American policies on trade and international affairs. Trump has shwon the world that the U.S does not keep it's word and depending on who the President is, the U.S will not always keep it's promises nor honor the agreements that have been made by prior administrations. Who can trust the U.S at this point and why would they?
It is not possible for republicans to ever blame Trump for anything. I remember when Obama first took office, he inherited the Bush recession and Republicans called it Obama's recession.
You may be thinking why am I bringing up Bush and Obama? Well, history repeats itself. Liberals are using the word recession more and more these days and it is hard to tell if it is real or just a scare tactic. Either way, Trump has owned the economy. Trump has taken credit for the so-called economic surge since the day he stepped foot in the white house.
Every President has a legacy they leave behind and at the moment Trump's trade wars have become his legacy.
If the U.S economy actually tanks within the next year, it will be interesting to see who Trump blames this time. I can all but assure you that republicans will somehow blame the next president. Ironically, this possible recession will hurt Trump's base the most. Yet, I cannot see his base admitting it. Will his base even be smart enough to understand what happened to them? Or will history continue to repeat itself?
VICTOR J MORROW