How long will it take 'crazytown' to drag down economy?

[Yo_Mama_Been_Loggin]

The recent election suggested — and subsequent polls showed — that a public happy with the economy under Donald Trump is nevertheless very unhappy with the man himself. It took a massive amount of discontent with the president’s character and conduct for voters to punish his party at a time of low unemployment, rising wages and quarterly growth exceeding 3 percent.

Now suppose the benefit of a strong economy were to be pulled out from under Trump in the months to follow. What would be Trump’s selling point then? His charm and wit?

Goldman Sachs expects growth of the U.S. economy to “slow significantly” later next year, shrinking to 1.75 percent. And former Treasury Secretary Larry Summers now thinks there’s a 50 percent chance the U.S. will be in recession by 2020.

“We’re in crazytown,” Trump’s chief of staff, John Kelly, reportedly said of working with his boss. Is the economy headed there, as well? Actually, it’s already arrived.

“Insane” is how former Federal Reserve Chairman Alan Greenspan describes Trump’s various trade wars. This foolish policy is definitely behind the astounding 94 percent drop in the sale of American soybeans to China, by far the world’s biggest buyer of soybeans. To make up for losses he created by destroying the farmers’ best export market, Trump has launched a bailout program. It’s not nearly enough to cover the farmers’ losses, but it does keep the beneficiaries somewhat distracted with paperwork.

In retaliation for Trump’s tariffs, Europe raised its taxes on American peanut butter, orange juice and bourbon and plans to expand the list. Canada and Mexico are piling tariffs on U.S. pork and cheese.

https://www.heraldnet.com/opinion/harrop-how-long-will-it-take-crazytown-to-drag-down-economy/

[thegoose]

1. Really soon

A failed "businessman" is at the helm. Between Asshole's tariffs and alienating the entire world, it shouldn't take long.

[FloridaBlues]

2. He is a terrible businessman, I really worry for us financially because of his decisions

I have to agree probably won't take as long as it did for Bush's economy to tank us again.

[awesomerwb1]

3. I don't know but

they'll try to blame the Democrats for it. Pretty obvious.

[violetpastille]

4. Omigosh. I thought Alan Greenspan was dead. In our family when we smell something bad in the house

we blame "The Ghost of Alan Greenspan."

[denbot]

5. Oh, about a month ago..

It’s starting now, and do believe we’ll be fully experiencing our tRumpster economy next year.

[ROB-ROX]

6. THE PUZZLES MISSING PIECES

I remember all the good Obama did for 8 years and each year the republicans bitched. Now, I know why 50 million people voted republican? The economy is STILL good for them and they do not CARE about anything else HAPPENING IN THIS COUNTRY. These souls people have a limited thought process beyond a full (fool) stomach. A small minority of republicans did make a difference by voting democratic. I think it will take a bad economy (which republicans will blame of the democrats) to get the mindless herd to THINK about NOT voting republican and this will be just a minority AGAIN........