Monday, September 30, 2019

Impeachment process could be enough to send the economy into a recession

With Pelosi following through on the impeachment process of President Trump, it sent the market into a free fall. With trade tensions continuing on and now a country uneasy about whether or not our president will remain in office, it could be enough to pop this economic bubble and send us into a recession. Politics aside, if the investigation finds any wrongdoing, our President will be impeached. Do you think this is enough to send the economy into a free fall? If not, where is our safety net, because the Fed used up the weapon of cutting interest rates and printing money already.

https://www.politico.com/news/2019/09/30/trump-impeachment-american-economy-011053

1 comment:

  1. Politics aside indeed, this impeachment process is much different than Clinton's. Clinton may have done some maybe not-so-presidential things in his time, perhaps not the extent of President Trump, but a true strength of Clinton's was his economic policy. He seemed to have a true mastery of the understanding of government budgeting, something we have sadly not seen since then. Trump is in the frying pan right now, but the last thing he needs is to jump straight into the fire of economic downturn on top of everything else. He needs to think less like a selfish American businessman and more of a selfless developmental economist (I know, I just made myself laugh too). The times seem to get dicier and dicier.

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