The
desperate GOP accuses Dems, media for craving an economic downturn.
You have to hand it to the
Republicans for their ability to create excuses when things aren’t going their
way. President Trump, seeing his
re-election prospects dimming by the findings from a FOX News poll, has started to re-launch one of his favorite B.S. excuses: voter
fraud. It is a metaphysical certainty that
should Trump go down to defeat in 2020, he will state without equivocation and without
evidence that voter fraud turned the election against him. And Lord knows what else he might do or say.
Following the recent gargantuan stock
market drop that included a striking 800-plus loss from the Dow, talk of the
R-word (recession), started to surface.
The prospect of a recession in the not-too-distant future emanated from numerous well-respected economists. But because the media covered these alarm signals,
the media as well as Democrats and other opponents of Donald Trump are being targeted by Trump supporters for as they see it, rooting for this to happen. Why? A recession would hurt the chances for
Trump’s reelection. #hocopolitics
Simply put, a recession is an
economic phenomenon when there is negative economic growth for two consecutive
quarters. Consumer confidence is down; consumer
spending, which is the principal driver of the economy, is sharply reduced; the stock market heads south; the national debt heads north; and
businesses tend to lay off workers .
Coincidence or not, according to
MarketWatch,
every Republican president since Teddy Roosevelt has had to deal with a
recession in his first term. These are cyclical events that follow years of robust economic expansion.
A recession or a significant
downturn in the economy would eliminate the main rationale for Trump’s
re-election. He has prided himself and has taken all the credit for what has
been up to now--a strong economy. Yet,
as the New York Times explains, Trump’s on again, off again trade war with China
has exacerbated the uncertainty among business leaders and that has sparked the talk of a slow-down.
Knowing that, his supporters are accusing Democrats with the help of the
liberal media of creating a fertile environment for a recession by rooting for it
to happen. Here’s a sampling from Twitter:
The left-wing media is hoping for a recession. They know Democrats' economic policies can't win against @realDonaldTrump's so they keep trying to convince Americans that a recession is coming. pic.twitter.com/UjlrE2hFw8— Newt Gingrich (@newtgingrich) August 19, 2019
Democrats are rooting for a recession. The media is cheerfully reporting that steel workers are being laid off. WTF, people. They want America to fail.— Lew (@lewsmuse) August 21, 2019
To be fair, anti-Trump comedian
Bill Maher has indicated on several occasions that he is rooting for a recession to hurt Trump in his re-election bid.
But Maher is in the minority and he is unlikely to be severely impacted financially from such an outcome.
However, millions of other Americans
will suffer. A recession is not something to
long for even if makes you feel better politically. It’s like hoping to catch the
flu to avoid school or work.
The point is, the GOP strategy is to preemptively pin the blame of a possible recession on the Dems and the media to mitigate the political damage it would cause the president in his reelection chances. For his part, Trump has primarily pointed his fingers at the Chairman of the Federal Reserve for his monetary policies as the cause of a potential recession.
From Trump's corruption, to incompetence, to racism, to whiplash reversals of policy statements through tweets, the Democrats have seemingly unlimited ways to make the case against Trump. They shouldn't need a faltering economy to win in 2020, and they are certainly not wishing for one.
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