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Posted on 08/18/2019 8:10:46 AM PDT by jazusamo
White House chief economic adviser Larry Kudlow said Americans “should not be afraid of optimism” after a wobbly weak on Wall Street, arguing President Trump’s agenda of tax cuts and deregulation are working and they’ll stay the course.
U.S. stocks plunged Wednesday on fears of a recession and weak economic performances from Germany and China, though investors recovered some losses later in the week.
Mr. Kudlow said he does not fear a recession. More Americans are working, they’re seeing higher wages and they’re spending their cash.
“That’s about as good as it gets,” he told Fox News Sunday. “I think we’re in pretty good shape.”
“We should not be afraid of optimism,” he added.
Mr. Kudlow pointed to “blowout retail sales” as a sign of economic health...
(Excerpt) Read more at washingtontimes.com ...
I want the dow to go straight to 50,000 as much as the next guy so I care retire and drive around in my new corvette (sorry Challenger!) in my 70s, as much as the next guy :)
But this trade issue needs to be tackled.
I wish it had been done a little further away from elections but Trump’s hands were tied by AN ATTEMPTED COUP!!
So it is what it is.
Cultivating a recession is MSM”s last hope. The drumbeat will get loader and loader no matter what the truth is.
AKA a weak wobbly on Wall Street...
Recession fears created by Leftist and the left wing media who would tank the US economy and hurt hard working Americans because they hate President for another four years TRUMP.
Bump!
I’m not an expert on this but it seems the stock market crashes every time there is a presidential election as no one knows how the next President will handle the economy.
The market crashed in April of Clinton’s last year, and he did noting to repair it.
Geroge Bush had 9-11 to keep the market low, and it also crashed in his last year.
Obama did nothing., NOTHING. and as the market was still low and trying to recover everyone did not expect anything out of Hillary, who was already deemed the next President. No need to have an election, she was “IN”.
Then a business man, TRUMP got elected and the market started taking off up, and up, and up. So the Dems tried to say it was Obama’s economy. It was not.
The market is now so high, every little drop sends the Dems into “gloom and doom” mode, as they try to make hay off of it.
We will see what it does in Trump’s last year in office, depending on if a strong Democrat is running against the Republicans.
Leftist-Globalist thinking:
“The roaring economy must be killed it if will help stop the Orange-Haired Hitler”
(they’re doing the same thing to Britain, Italy, and Hungary too)
The dims want to tank the markets in order to win in ‘20.
Trump is smart enough to see this coming and will counter them quickly.
He has learned from Reagan to speak around the enemy media.
It’ll take more than a sputtering economy to torpedo Trump this go ‘round. People will also gave to believe the idiot Demon party could actually do something about it if voted in.
Yeah...was a report yesterday that most farmers support Trump on China.
My take on it too, and the Rats will do everything they can to make voters believe it's going to tank to win the election.
They're whistling Dixie.
Amen.
They have written articles about this to themselves.
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I really feel sorry for those few Freepers who watch Chris, the idiot, Wallace every Sunday. Opposition research we are told and that’s fair. I wouldn’t do it but it is probably necessary.
But bringing on Larry Kudlow this Sunday is so transparent that even the Opposition Researchers could have skipped it. My guess it went something like this (and I didn’t watch it):
Chris the idiot: Larry, the signs that we are approaching an historic recession that will wipe out the small economic gains made by the Trump administration are now very, very strong.
Is there anything that you can do to avoid this economic catastrophe, one that would certainly result in a Trump defeat in 2020?
Larry Kudlow (in my dreams answer): Chris, you are totally full of it. I’m an economist and I can read. The numbers don’t lie. The health of our economy is the best ever, unemployment is at all time lows, consumer spending is up and consumer confidence is higher than a kite.
Don’t talk to me about yield curve inversion and such until you learn what you are talking about. Democrat Talking Points are not going to make you look any smarter.
Fears are the only things the left can pimp now they tried everything else,BS don’t stick like the used and Trump is the first republican to stand up the the media and they can’t handle it.
Facts over ride fears
LOL! That sounds about right for that leftist blowhard Wallace, and like you I don’t watch that phony either.
Low energy prices are also a big factor.
The genius economists that are predicting that we will eventually have a recession between 5 and 22 months after the “death cross” of a bond yield inversion will eventually be right. The problem is it has no predictive value from a real investment standpoint.
My own prediction is that a recession will occur within the next 5 years as a result of the Perseid meteor shower that is visible between August 8-11.
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