I'm so exciting! This is one of the very few major party candidates I would consider voting for. Hopefully there is enough thirst for open and free non partisan thought out there to give her a chance, but I fear her problem will be more on the left than the middle and right.
It is January 2019. This signals the start of the 2020 election circus. Sen. Elizabeth Warren is the first big-name Democrat on stage. But we will soon be deluged with candidates, bizarre antics and endless commentary by fatuous TV and radio pundits. The hyperventilating, the constant polling, the updates on who has the largest campaign war chest, the hypothetical matches between this hopeful and that hopeful, the mocking tweets by Donald Trump, will, as we saw in the 2016 election campaign, have as much relevance to our lives and political future as the speculation on cable sports channels about next yearâs football season. This farce takes the place of genuine political life. (...)
One of the interesting things to me is that infrastructure spending is mentioned as a politically palatable option that could potentially nip a recession in the bud if applied judiciously. If Trump were smart politically he'd be looking to lay the groundwork for such a bill with Dems. Since he isn't, well . . . I guess Trumpsters are going to have to hope that GOP leadership does it for him, like everything else.
i think trump wants to spend a ton of money on infrastructure
i know there was interest and i think he floated something out there
but not sure what happened
i wouldn't doubt his willingness to spend a few trillion dollars
Location: Perched on the precipice of the cauldron of truth
Posted:
Nov 15, 2018 - 9:21am
ScottFromWyoming wrote:
aflanigan wrote:
One of the interesting things to me is that infrastructure spending is mentioned as a politically palatable option that could potentially nip a recession in the bud if applied judiciously. If Trump were smart politically he'd be looking to lay the groundwork for such a bill with Dems. Since he isn't, well . . . I guess Trumpsters are going to have to hope that GOP leadership does it for him, like everything else.
It'll never happen because when Obama threw a bunch of money at "shovel-ready" projects to help arrest a free-fall, the GOP just howled. The only way the GOP could get behind a big infrastructure spending action would be for them to all suddenly turn hypocritical and support something they recently fought against and that's sure not likely.
No rebuilding of infrastructure. No addressing climate change.
It'll never happen because when Obama threw a bunch of money at "shovel-ready" projects to help arrest a free-fall, the GOP just howled. The only way the GOP could get behind a big infrastructure spending action would be for them to all suddenly turn hypocritical and support something they recently fought against and that's sure not likely.
They did exactly that with pre-existing conditions.... I still maintain that's not a goddam word.
One of the interesting things to me is that infrastructure spending is mentioned as a politically palatable option that could potentially nip a recession in the bud if applied judiciously. If Trump were smart politically he'd be looking to lay the groundwork for such a bill with Dems. Since he isn't, well . . . I guess Trumpsters are going to have to hope that GOP leadership does it for him, like everything else.
It'll never happen because when Obama threw a bunch of money at "shovel-ready" projects to help arrest a free-fall, the GOP just howled. The only way the GOP could get behind a big infrastructure spending action would be for them to all suddenly turn hypocritical and support something they recently fought against and that's sure not likely.
Paywalls are slowly becoming the norm. I think Amazon Prime members can get a very good deal on WashPo digital access, though. There's also the trick of flushing your browser's cache from time to time and/or trying to access the article by googling the title of the article and clicking on the provided link. I have a subscription to WashPo, however, so I'll just try to provide the meaty bits: Trump’s big 2020 problem: The economy could be in recession ...
One of the interesting things to me is that infrastructure spending is mentioned as a politically palatable option that could potentially nip a recession in the bud if applied judiciously. If Trump were smart politically he'd be looking to lay the groundwork for such a bill with Dems. Since he isn't, well . . . I guess Trumpsters are going to have to hope that GOP leadership does it for him, like everything else.
Paywalls are slowly becoming the norm. I think Amazon Prime members can get a very good deal on WashPo digital access, though. There's also the trick of flushing your browser's cache from time to time and/or trying to access the article by googling the title of the article and clicking on the provided link. I have a subscription to WashPo, however, so I'll just try to provide the meaty bits:
Trump is presiding over the best economy in a generation, with strong growth and abundant job opportunities, but it wasn’t enough to prevent midterm losses for his party. Trump suffered the worst midterm performance in the House for a Republican president since 1974, in the aftermath of Watergate.
After adjusting for economic and stock market strength, it was the worst midterm performance for a president’s party in a century, according to Michael Cembalest of JPMorgan Asset and Wealth Management. “Based on the hand the GOP started with, they should probably have been able to retain the House. Sometimes, however, money can’t buy you love,” Cembalest wrote in a research note.
Most economists are predicting that the economy will be weaker — or even in a recession — by the time voters go to the polls in 2020. For Trump and the GOP, the economy was probably a tail wind in these midterms, but it could turn into a substantial head wind by then.
...
Pessimism is growing on Wall Street about future prospects for earnings and the economy. More than a third of top economic forecasters now predict a U.S. recession in 2020, according to the latest Blue Chip forecast, and 44 percent of fund managers in the latest Bank of America Merrill Lynch survey expect global growth to slow in the next year, the worst outlook for the world economy since November 2008.
The list of head winds is expanding: higher borrowing costs, a strong dollar, a weakening global economy, an escalating tariff war, and fading fiscal stimulus from the tax cuts and extra government spending.
“Our forecast has stalling — that is, zero growth quarter on quarter — in the first half of 2020,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a note to clients. “Gravity can’t be defied forever.”
What business leaders and Wall Street investors want is a swift resolution to the U.S.-China trade war and possibly an infrastructure bill to infuse more cash into the economy late next year, just as the boost from the giant tax cuts passed last year fades. They want dealmaker Trump to come back with force in 2019. But so far, Trump has been on the defensive, ramping up criticism of likely new House Speaker Nancy Pelosi (D-Calif.) for stalling his agenda and Federal Reserve Chair Jerome H. Powell, Trump’s own appointee, for raising interest rates too quickly, the president says, and dampening growth.
...
For now, Trump’s economic advisers say the president’s reelection prospects are strong. The White House is projecting 3 percent growth for years to come, a contrast to most independent forecasters, who think the economy will slow to around 2 percent growth by 2020 or possibly dip into a recession.
...
But even an infrastructure bill might not be enough to lift the economy after it has grown for almost a decade and as people look for signs of stress in anticipation of a downturn. The GOP tax cuts were supposed to spur a boom in business investment, but that came in at less than 1 percent in the third quarter of this year, a surprise to the White House.
Housing is already experiencing a slowdown as mortgage rates move higher and buyers dry up.
“There are early signs of a slowing economy already. Housing is a yellow light,” said Stephen Gallagher, chief U.S. economist at Societe Generale, who predicts a recession in 2020. “If businesses pull back a little next year and hiring slows down, consumers will start to feel it. And then it’s a vicious cycle: Business pull back and consumers pull back until the economy falls into a recession.”
