Will we have a recession during Trump's first term? (user search)
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  Will we have a recession during Trump's first term? (search mode)
Pages: [1]
Poll
Question: skip
#1
Yes, it will be as bad as the Great Recession
 
#2
Yes, it will be worse than the Great Recession
 
#3
Yes, but it won't be as bad as the Great Recession
 
#4
No, but the economy will be slightly worse off from Obama's 2nd term
 
#5
No, the economy will be stable
 
#6
No, the economy will be doing well
 
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Partisan results

Total Voters: 49

Author Topic: Will we have a recession during Trump's first term?  (Read 905 times)
Atlas Has Shrugged
ChairmanSanchez
Atlas Superstar
*****
Posts: 38,095
United States


Political Matrix
E: 5.29, S: -5.04


« on: November 12, 2016, 01:41:25 PM »

Of course. Part of the reason Wall Street was funneling so much money to Clinton as opposed to both sides as because the banks are probably insolvent.
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Atlas Has Shrugged
ChairmanSanchez
Atlas Superstar
*****
Posts: 38,095
United States


Political Matrix
E: 5.29, S: -5.04


« Reply #1 on: November 12, 2016, 01:44:49 PM »

I certainly hope so. There needs to be a huge lesson taught to states that voted for Trump.

Ew, don't wish for people to suffer because they didn't vote the way you wanted them to.

Reaping what you sow is how the real world works. You get what you vote for.
The real world doesn't work on your hope.

With Trump as President no one should be discounting the prospect of a recession. My hope is that people reap what the sow.
Well, in this case, I hope you experience every fear you imagine. If you want people to suffer, then let it be universal.
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Atlas Has Shrugged
ChairmanSanchez
Atlas Superstar
*****
Posts: 38,095
United States


Political Matrix
E: 5.29, S: -5.04


« Reply #2 on: November 12, 2016, 01:55:24 PM »

For anyone doubting this, I direct you to this:

https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

Based on history, even post-WW2, we are due for one any day now.

As Beet said, cycles have gotten longer recently but it still seems extremely likely we get one before 2020's elections. I'd even say that it's very possible before 2018's midterm, even if just slightly. I think the better question is how bad will it be? Have persistently low interest rates given us too little to fight back with?

I think it goes without saying that I hope we don't get a recession, but my hopes don't trump reality. That being said, Republicans ought to take stock of this before gloating too much. You guys are going to be blamed for this one too (as is standard for whichever party controls the White House), and thus continuing a trend of Republicans presiding over every recession we've had since the late 1960s.
The general historical narrative accepted by Republicans, Democrats, the media, and historians is that the Bush administration was still receiving blame for the economic crisis well into Obama's presidency. So long as Trump doesn't actively make it worse, he should be most unscathed.
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