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Trump unlikely to ask Democrats for help with recession, says analyst: ‘I’d also like a unicorn for my birthday’

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On Saturday, The New York Times examined what it might look like if President Donald Trump has to deal with a recession in 2020.

One of the grim takeaways was that Trump would likely be incapable of digging America out of the hole he had created — because he would be unable to overcome political rivalries to do so.

“You could get a widespread fiscal response to a recession,” said Harvard Kennedy School senior fellow Megan Greene. “That would be really nice, but I’d also like a unicorn for my birthday.”

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The fundamental problem — even aside from how Trump has bullied the Federal Reserve out of its monetary policy tools and passed a gigantic tax cut for the rich that weakened fiscal policy tools, is that Trump would have to negotiate with House Democrats to get any kind of emergency economic measures passed.

President George W. Bush had to do this in 2008, working hand in hand with a Democratic Congress to pass the Troubled Asset Relief Program (TARP) as well as a $152 billion stimulus program. But it is hard to imagine Trump using the same level of interparty diplomacy under pressure.

Making matters worse, it is Trump’s trade policy that is directly worsening the chances of the recession happening in the first place.

“It is potentially a self-inflicted-wound type of recession,” said George Washington University economist Tara Sinclair. “But how deep that gash goes depends on many other characteristics of the economy and the policy response thereafter.”


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‘Confusion, fear, distrust’: Shocking IG report details Trump administration’s ‘unprecedented’ COVID-19 failures

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A newly released report from the inspector general for the Department of Health and Human Services paints a devastating portrait of the Trump administration's failures during the coronavirus pandemic.

NBC News reports that the HHS IG found that hospitals across the United States are lacking supplies as basic as thermometers, even as they're being undercut by their own federal government in trying to acquire new supplies.

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Furious Morning Joe goes off on ‘reckless’ Trump in shouting tirade

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MSNBC's Joe Scarborough went off on a shouting rant against President Donald Trump's bungled response to the coronavirus outbreak that has killed thousands and shut down the U.S. economy indefinitely.

The "Morning Joe" host lamented that Trump and his administration wasted crucial weeks of preparation that eroded any advantages the United States could have had in fighting the pandemic, and he said the president was still failing his test of leadership.

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‘Smash-and-grab economics’: Trump White House weighing tax cut for rich investors as workers and small businesses struggle

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The Trump administration was condemned for considering "rewarding vulture capitalists profiting off a crisis."

As desperate workers, the unemployed, and small businesses struggle to obtain benefits authorized under the multi-trillion-dollar coronavirus stimulus package President Donald Trump signed into law late last month, the White House is reportedly considering an additional slate of aid measures that critics say would disproportionately favor the wealthy while providing little relief for those most in need.

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