Washington Post economics columnist Catherine Rampell on Friday warned that President Donald Trump’s team of economic advisers is woefully unprepared to handle a recession should one strike within the next year.
During a panel discussion of this week’s economic news, which included a massive drop in the stock market after the U.S. Treasury yield curve inverted, Rampell explained why Americans should be deeply worried about the prospects of a recession under this president.
“They don’t have a plan for what to do if things go wrong, and they could go wrong,” she said. “We have this clown car of economic advisers… you have a guy who plays an economist on TV, you have a former Hollywood producer. This is not the dream team who will be handling a crisis if we face one.”
Rampell also said that she was worried not just about how Trump would handle a crisis but how he would make it even worse by continuing to ratchet up his trade war with China.
CNN contributor Bianna Golodryga then chimed in to note that a Washington Post report published Friday claims that Trump’s advisers are “sugarcoating” the economic data to make the president feel better and aren’t giving him the full picture of the economic perils he faces.
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Congressman blasts Trump administration’s ‘lawless’ move to quash whistleblower: ‘He does not have the authority’
On Wednesday's edition of CNN's "Anderson Cooper 360," Rep. Jim Himes (D-CT) previewed what he expects to learn about the developing Director of National Intelligence whistleblower scandal at the hearing with the inspector general on Thursday.
"In tomorrow's hearing with the intelligence community's inspector general, who forwarded this report, saying it was an urgent concern, what exactly is the inspector general going to be able to talk about?" asked Cooper. "I know it's behind closed doors, but is he going to be able to tell you what is actually in the complaint or who is instructing him or who's instructing the DNI not to hand it over to your committee, if that's what's happening?"
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Foreign trolls are trying to create a ‘circular firing squad’ among US veterans: digital researcher
Foreign troll accounts have been working to sow division and create a "circular firing squad" among American veterans, a veterans advocate warned CNN on Wednesday.
During an interview with Brianna Keilar, Kris Goldsmith of Vietnam Veterans for America talked about the ways that trolls have been infiltrating veterans organizations and trying to divide their members along political and racial lines.
Goldsmith said that two years ago his group notice an "impostor Facebook account" that would spread misinformation and propaganda to its members.
"After months of studying it, we came to recognize that it was an entity somewhere in Bulgaria who was spreading falsified news," he explained. "So what they do is copy and paste a real story about something like veterans' benefits possibly getting cut, change the date, and make it look fresh and get people upset."