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Reckless Trump is driving America into something far worse than the Great Depression: Paul Krugman

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In a column for the New York Times, Nobel Prize-winning economist Paul Krugman claimed that an unfettered Donald Trump is setting the stage for  a second Great Depression — only this one will be much worse.

Noting that Trump’s plan to slam Mexico with tariffs “will reduce the living standards of most Americans, destroy many jobs in U.S. manufacturing, and hurt farmers,” Krugman said that is the least of our problems.

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“Trump says that ‘TARIFF is a beautiful word indeed,’ but the actual history of U.S. tariffs isn’t pretty — and not just because tariffs, whatever the tweeter in chief says, are in practice taxes on Americans, not foreigners. In fact, it’s now a good bet that Trump’s tariffs will more than wipe out whatever breaks middle-class Americans got from the 2017 tax cut,” Krugman wrote.

Using not-too-distant history as his guide, the economist made the case that Trump’s heedless actions may cause another worldwide economic meltdown.

“By deploying tariffs as a bludgeon against whatever he doesn’t like, Trump is returning America to the kind of irresponsibility it displayed after World War I — irresponsibility that, while obviously not the sole or even the main cause of the Great Depression, the rise of fascism and the eventual coming of World War II, helped create the environment for these disasters,” he wrote, adding, “Part of the problem was that U.S. tariffs were met with retaliation; even before the Depression struck, the world was engaged in a gradually escalating trade war.”

“So am I saying that Trump is repeating the policy errors America made a century ago? No. This time it’s much worse,” he explained. “While Warren Harding wasn’t a very good president, he didn’t routinely abrogate international agreements in a fit of pique. While America in the 1920s failed to help build international institutions, it didn’t do a Trump and actively try to undermine them.”

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Trump refusing to pay for New Mexico security and barricades — while trying to change the state from blue to red

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President Donald Trump thinks he will win New Mexico. He's repeated the factoid multiple times, including to a group of oil and gas workers and executives Wednesday at a conference in Pittsburgh, PA. But he also made two significant mistakes to put that support in jeopardy.

First, the president indicated he was building his "wall" on the border of Colorado, which is north of New Mexico. It would mean that New Mexico was now part of Mexico.

Second, it was reported by the Albuquerque Journal that their city is yet another one Trump's campaign is refusing to pay for security costs.

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Intel Committee has ‘recent evidence’ Ukraine witnesses are working together to ‘coordinate’ their stories

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House investigators have "recent evidence" of witnesses working to coordinate their testimony before Congress, a Democratic congressman revealed on MSNBC on Wednesday.

Rep. Eric Swalwell (D-CA), who sits on the Intelligence and Judicial committees, was interviewed by MSNBC Chris Hayes.

"Final question, what is the timeline here?" Hayes asked. "There is some transparency argument that at some point this can’t be behind closed doors, the American people, all of us, Republicans, Democrats, citizens and journalists have to hear what’s happening."

"You’re absolutely right and there will be a public phase," Swalwell replied.

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Rudy Giuliani is looking for a lawyer — after saying he didn’t need one: report

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On Wednesday, CNN reported that President Donald Trump's lawyer Rudy Giuliani is looking for a defense attorney to represent him.

This report comes after Giuliani said last week that he would not seek legal representation unless he believed he needed it.

Giuliani is currently under criminal investigation for the scheme he apparently helped facilitate in the Ukraine, where Trump withheld military aid in the fight against Russia while demanding their leaders investigate former Vice President Joe Biden and the Democratic National Committee.

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