“I am the only source of truth in the world, everything else is a lie.”
Courtesy of CBS News:
President Trump returned to Washington on Sunday after spending 10 days at his New Jersey golf club. Before boarding Air Force One, the president made a point to push back on the risks of a recession facing the U.S. economy. Mr. Trump said the economy is “doing very well” and dismissed concerns of recession, offering an optimistic outlook after last week’s steep drop in the financial markets.
“I don’t think we’re having a recession,” Mr. Trump told reporters Sunday afternoon before heading back to the White House. “We’re doing tremendously well. Our consumers are rich. I gave a tremendous tax cut and they’re loaded up with money.”
Larry Kudlow, Mr. Trump’s top economic adviser, also played down fears of a looming recession and predicted the economy will perform well in the second half of 2019. In Sunday television interviews, he said that consumers are seeing higher wages and are able to spend and save more — despite a tumultuous week on Wall Street.
“No, I don’t see a recession,” Kudlow said. “We’re doing pretty darn well in my judgment. Let’s not be afraid of optimism.”
Kudlow also explained that strong retail and low unemployment are signs that the U.S. economy remains strong.
It should be pointed out that Larry Kudlow also failed to predict the 2008 recession.
Trump, however, is not just ignorant about the facts, but actively believes that the media is misrepresenting them.
Courtesy of Business Insider:
President Donald Trump has claimed in private conversations that opponents are conspiring against him to skew economic data and damage his chances of reelection in 2020, The New York Times reported Sunday.
Sources familiar with the matter told The Times on condition of anonymity that the president had told aides and allies that opponents were seeking to rob him of a key strength entering the 2020 election campaign — the strength of the economy during his presidency.
Agitated by news reports and warnings by economists of recession signals, the president has privately claimed that “forces that do not want him to win” have been exaggerating the damage his trade war has caused the global economy, according to the report. Trump has repeatedly aired conspiracy theories during his presidency, on issues such as the recent death of the disgraced financier Jeffrey Epstein as well as Hillary Clinton’s private email server.
This should terrify everybody as it indicates that even when the evidence becomes overwhelming that Trump may not be willing to believe or respond to is appropriately.
This administration has literally been riding the wave of economic fortune that the Obama Administration left in place and taking all of the credit.
Now that Obama’s leftover momentum is dying down Trump must actually solve a problem that has been bragging he is the best one to solve since the beginning of his campaign.
If he fails he is fucked.
Look I don’t want a recession, so I hope he can actually do it.
But I have no confidence that a man whose bank had to put him on an allowance, who could not even make money running a casino, and who does not recognize facts, has the skills to do that.