Quantcast
Connect with us

Trump has spent his vacation golfing, watching cable TV — and panicking about a recession: AP

Published

on

While President Donald Trump has been able to golf frequently while on vacation in New Jersey, he may not return to DC well-rested.

“Trump has spent much of the week at his New Jersey golf club, many of his mornings on the links, his afternoons watching cable television and his evenings calling confidants and business executives to get their take on the market’s volatility,” the Associated Press reported Friday.

ADVERTISEMENT

“Though he has expressed private worries about Wall Street, he is also skeptical about some of the weaker economic indicators, wondering if the media and establishment figures are manipulating the data to make him look bad, according to two Republicans close to the White House, not authorized to discuss private conversations,” the AP noted.

The fact White House staff can’t be honest with Trump is also playing a role.

“His skepticism has been reinforced by White House officials who have long been inclined to only show Trump rosier economic assessments,” the AP noted.

““I think we’re heading down that road to recession — we’re on that steady march toward that inevitable conclusion. It’s just that drip, drip, drip of trade war anxiety that is hanging over market sentiment,” said Scott Anderson, the chief economist at Bank of the West.

ADVERTISEMENT

Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Rudy Giuliani urged Justice Dept to go easy on wealthy Venezuelan client: report

Published

on

Rudy Giuliani told U.S. prosecutors that his wealthy Venezuelan client deserved leniency in a criminal investigation, according to his indicted associate Lev Parnas and others.

Alejandro Betancourt, who's reportedly an unindicted co-conspirator in a money laundering case, introduced President Donald Trump's lawyer to the father of Venezuela’s opposition leader Juan Guaido, reported Reuters.

Betancourt told Guiliani at a meeting in Spain that he secretly bankrolled Guaido’s efforts to take over leadership of Venezuela, according to four people familiar with the situation.

Continue Reading

Breaking Banner

Get ready for Enron II: Republicans are re-opening the energy market to underhanded dealing

Published

on

Neil Chatterjee, head of the Federal Energy Regulatory Commission, is taking our nation back to pre-Enron days when the commission was so weak it didn’t even explicitly prohibit manipulating energy markets.

Under Chatterjee, a former Mitch McConnell aide, the number of new investigations was halved – to 12 – in fiscal 2019, compared with the previous year. The commission reached just two settlement agreements for $14 million, a sixth or less of the annual average for penalties since 2007.

Continue Reading
 

Breaking Banner

Newly released emails show White House prepared to freeze Ukraine aid hours before Trump’s phone call

Published

on

White House budget officials were preparing to freeze aid to Ukraine the night before President Donald Trump's infamous July 25 phone call to the country's new president, according to newly released emails.

The Office of Management and Budget handed over nearly 200 pages of records related to the president's actions toward Ukraine to the transparency group American Oversight, and one of the heavily redacted emails from July 24 shows OMB officials shared a “Ukraine Prep Memo” with Michael Duffey, reported CNN.

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image