Conservative David Stockman, a former Republican congressman who also served as the Director of the Office of Management and Budget under former President Ronald Reagan, believes that President Donald Trump’s time in office is going to come to a crashing end in the near future.
During an interview with MSNBC’s Mika Brzezinski on Monday, Stockman said that multiple warning signs were flashing on the state of the American economy, which he said was in the last stages of a long economic expansion.
“He keeps bragging about the greatest economy ever,” Stockman said. “We’re near the end of a weak, long expansion cycle that’s headed for the next recession.”
Stockman went on to call the brief spurt in growth during the president’s first two years “a temporary blip” fueled by corporate tax cuts, and he predicting things would come crashing back down this year.
“There’s been no boom,” he said. “There’s a recession coming. He’s made it worse with the worst tax cut in modern history and a fiscal policy that is truly an abomination.”
Stockman then recalled how changing economic fortunes helped hasten the political demise of former President Richard Nixon in the 1970s.
“Nixon was riding high when he won in ’73,” he said. “The market dropped by 37% during the next 18 months. In August 1974, they put him on the Dick Nixon memorial helicopter and sent him out of town. I think that’s where things are heading.”
Watch the video below.
Trump-loving “hate group” leader struggles to defend chauvinism during CNN interview on Portland chaos
Portland, Oregon on Saturday was the scene of another far-right mobilization by groups such as the Proud Boys and Patriot Prayer.
Tarrio had traveled from Miami to take part in the far-right rally in Portland and appeared to be wearing body armor.
‘Go back to Harlem!’: Florida woman has n-word laced meltdown after bumping black woman’s shopping cart
On Saturday, the Atlanta Black Star reported an incident in Florida, in which a white woman screamed racial slurs at a black woman at a Publix supermarket in Miami after their shopping carts jostled each other.
After the woman allegedly banged into Nicki Johnson's cart, she refused to apologize, saying, "I didn't hit you with my cart, and f**k you, you f**king n****r."
Johnson whipped out her cell phone camera, and began recording the incident, saying "You, why don't you call me a n****r again?"
"You thinking I'm sorry?" snapped the woman. "Let me tell you something, I don't have to call you anything. Get away from me, I will call security and there are surveillance videos. Get away from me!"
‘I’m a nurse, what are you?’: Tennessee lawmaker humiliates anti-choice activists in brutal public grilling
Anti-choice activists in Tennessee were unprepared for the grilling they got from a Democratic Party lawmaker when making the case for a bill that would outlaw abortion before many women knew they were pregnant.
One of the speakers in favor of the fetal heartbeat bill was Baptist Pastor Randy Davis, who was questioned by state Sen. Katrina Robinson (D-Memphis).
"How many women executive pastors do you have in your convention?" Robinson asked Davis. "Or senior pastors."
"None," Davis replied.
"So is it the same ideology that restricts access to women being able to lead a congregation that leads you all to support women not being able to make a medical decision about their body?" Robinson asked.