President Donald Trump’s re-election campaign could be destroyed by a recession before a single vote is cast, an Associated Press reporter explained on MSNBC’s “Deadline: White House” on Monday.
Guest host John Heilemann read a quote from AP White House correspondent Jonathan Lemire.
“[P]rivately, Trump is growing increasingly worried the economy won’t look so good come Election Day. … Though a pre-election recession here is far from certain, a downturn would be a devastating blow to the president, who has made a strong economy his central argument for a second term,” Lemire reported. “And White House economic advisers see few options for reversing course should the economy start to slip.”
“It’s a crazy thing. I’m older than you and I have been doing this for a while,” Heilemann said. “I have rarely ever heard a White House acknowledge on background, on the record, off the record, ‘we have no options, our hands are tied.'”
“Never heard that one before,” he added.
“It was sort of striking, but that’s how they feel,” Lemire replied. “First of all, they will argue the economy is doing better than we are giving credit. They say things are going to be fine, that right now this is a creation largely of cable news studios and some jitters on Wall Street, et cetera.”
“Privately, there are some concerns, because they know this is a president who wedded himself to the fortunes of the stock market in an unprecedented way,” he explained. “Presidents don’t do this because it’s so risky. Stock markets go up and then they go down.”
And if there market goes down, the White House is admitting they don’t have the ability to deal with it.
“This president does not like to see it ever go down and will not take responsibility for this. Even though Americans will see this and say you’re taking credit so you have to take some blame too,” he explained. “They feel like there’s not going to be any real stimulus spending here. There’s not going to be an infrastructure plan. Infrastructure week has become literally a punchline. They already have an interest reserve rate cut. What’s out there is whether or not they can make some sort of trade deal happen.”
“They feel like consumer spending will pick back up and that will be enough, but right now they know that if the economy continues to falter — especially if it really slows down — that could mean, this election could be over before any votes are cast next November,” Lemire concluded.
Accused child molester Roy Moore defends Brett Kavanaugh: ‘I too was the object of false allegations’
Accused child molester Roy Moore on Wednesday came to the defense of Supreme Court Justice Brett Kavanaugh, who has been accused of sexual assault.
Moore's remarks came after The New York Times published accounts from a new book, which found that two of Kavanaugh's accusers were credible.
In a statement to the press, Moore defended Kavanaugh on Wednesday.
"I too was the subject of false allegations, but unlike Justice Kavanaugh and others who have suffered the ire of the left, I filed suit against my accusers and their conspirators," Moore said. "For over two years, I have not seen nor been able to question any of those who went on national television tol tell their false stories just 32 days before the election in December 2017, and ironically I have been sued for defamation for merely denying their false and malicious accusations."
Trump says ‘many options’ on Iran response
US President Donald Trump said Wednesday he has "many options" in addition to military strikes against Iran and that details of newly announced sanctions will come within 48 hours.
Asked by reporters about a possible US attack on Iran, Trump said "there are many options. There's the ultimate option and there are options a lot less than that."
He explained that by "ultimate option" he meant "war."
Trump said that the specifics of sanctions he announced earlier would be made public "over the next 48 hours."
US ally Saudi Arabia says Iran was behind a missile or drone attack setting ablaze major oil facilities last weekend.
Bermuda braces for Hurricane Humberto
Residents of the tiny British archipelago of Bermuda battened down the hatches on Wednesday ahead of the arrival of Hurricane Humberto, a major category 3 storm packing fierce winds and punishing rain.
The Miami-based US National Hurricane Center put the center of the storm about 225 kilometers (140 miles) west of Bermuda at 1800 GMT, with maximum sustained winds of 195 kilometers per hour.
The core of the large storm was expected to pass to the northwest of Bermuda later in the day or overnight, dumping as much as 15 centimeters (six inches) of rain. A heightened storm surge is possible.