According to a report from ABC, Donald Trump’s economic advisers are baffled about how to stop what appears to be a recession coming before the 2020 election after his trade war upset an already teetering worldwide economy.
With the report noting that Trump had hoped to run on a strong economy as part of his 2020 re-election strategy, warnings from economists that a recession may arrive before then has White House officials in a panic.
“The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. That’s on top of concerns over Trump’s plans to impose punishing tariffs on goods from China and word from the United Kingdom and Germany that their economies are shrinking,” the report states, adding, “Trump advisers fear a weakened economy would hurt him with moderate Republican and independent voters who have been willing to give him a pass on some his incendiary policies and rhetoric.”
Bedeviling the president’s advisors is a lack of ideas about how to halt the slide into a re-election-killing economy.
“White House economic advisers see few options for reversing course should the economy start to slip,” te report stares before saying the president, for the money, is looking to spread blame elsewhere.
“Trump has taken to blaming others for the recession fears, mostly the Federal Reserve, which he is pushing for further interest rate cuts. Yet much of the uncertainty in the markets stems from his own escalation of a trade war with China, as well as weakened economies in key countries around the world,” ABC reports. “Aides acknowledge it is unclear what steps the White House could take to stop a downturn. Trump’s 2017 tax cut proved so politically unpopular that many Republicans ran away from it during last year’s midterms. And a new stimulus spending program could spark intraparty fighting over big deficits.”
Trump attempted to lower expectations about his performance during a MAGArally in New Hampshire this week, telling his fans, “”You have no choice but to vote for me because your 401(k), everything is going to be down the tubes. Whether you love me or hate me, you’ve got to vote for me.”
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Trump Swipes at Mark Zuckerberg Asking for White House Goodies: ‘He Didn’t Do Too Well’
Former President Donald J. Trump mocked Facebook founder Mark Zuckerberg and “big tech” during an interview on Tuesday when he appeared on Fox News with Sean Hannity.
Trump meandered throughout the interview and went off on a tangent claiming he did “big things” when discussing the 2020 election. Trump said Zuckerberg visited the White House “trying to get goodies,” but that “he didn’t do too well.”
Trump added, “So I thought that he was concerned we were doing things. We were doing things. Had we had a second term, we would have had that much, really, pretty much under control. We had some incredible things planned for big tech.”
Watch the video below.
Lincoln Project Trolls Trump with New TV Ad Where He’s Currently Vacationing
According to the Sun Sentinel, the group has bought air time in the West Palm Beach market from Wednesday through Jan. 5. Trump is scheduled to be in the area until Jan. 3.
“A major pillar of The Lincoln Project’s 2020 strategy was aiming to torment an audience of one — Trump — through advertising on cable shows he’s sure to watch on channels such as Fox News,” the Sentinel reports. “That’s the aim of the latest effort, which seeks to drive a wedge between Trump and Vice President Mike Pence, who will preside over the Jan. 6 joint session of Congress at which the electoral votes making Joe Biden the next president will be counted.”
The ad focuses on recent reports that say Vice President Mike Pence is “backing away” from Trumpworld’s efforts to overturn the results of the 2020 election.
“When Mike Pence is backing away from you, you know it’s over,” the ad states.
Watch the ad below.
— The Lincoln Project (@ProjectLincoln) December 22, 2020
‘A Parting Gift to Dictators’: Trump Issues Final Round of Foreign Military Sales in Middle East
On Monday, writing for The Washington Post, columnist Brian Klaas tore into outgoing President Donald Trump for a final round of foreign military sales in the Middle East that function as a “parting gift to dictators” — and suggested he could even be using them to set up a private quid pro quo down the road in his post-presidency.
“All three regimes have abysmal human rights records,” wrote Klaas. “Saudi Arabia has beheaded dissidents, subjugated women and detained female activists who have pushed for reforms, and murdered and dismembered Post contributing columnist Jamal Khashoggi. The United Arab Emirates is home to torture, arbitrary detention and forced disappearances. Egypt’s dictatorship has carried
“Given past behavior, we know how these weapons will likely be used,” warned Klaas. “Despots will use them to help facilitate war crimes in places such as Yemen and the Sinai Peninsula while maintaining an iron grip over their own populations — all aided and abetted by the U.S. government.”
And even worse, Klaas argued, Trump himself could be using these sales to call in a personal favor from these countries in his post-presidency. “Once Trump leaves the White House, odds are good that he will cash in,” he wrote. “Seen in that light, the recently approved arms sales and military technology transfers are even more worrying. Are they just the beginning of a quid pro quo?”
All of this is occurring as President-elect Joe Biden alleges the Pentagon is obstructing him from getting all of the national security information he requires for the transition — something administration officials deny.
“For the past four years, Trump has painted the image of a United States that consistently sides with tyrants,” concluded Klaas. “Biden now has an opportunity to reverse Trump’s catastrophic foreign policy. He should take it.”
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