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.
Watch the video below.
Congress still has one big tool left to rein in Trump’s corruption: Oversight Committee Democrat
Senate Republicans may have managed to quash the impeachment trial without calling forth any new witnesses or seriously considering the evidence against President Donald Trump. And the president may feel vindicated and largely invulnerable as a result.
But, Rep. Raja Krishnamoorthi (D-IL) told CNN's Anderson Cooper on Monday, that doesn't mean Democrats don't have one last big play to rein in the president's abuses of power. They can use the first and strongest authority delegated to them: the power of the purse.
"What can Democrats really do when it comes to oversight of the president?" asked Cooper. "I mean, now that impeachment is over, does seem like there are fewer and fewer guardrails, if any."
The depths of Trump’s paranoia: One person who may know him the best explains what’s ahead
President Donald Trump's biographer, Michael d'Antonio, knows a great deal about his life, his behavior, and his long history of paranoia. A piece in The New York Times Monday summed up the president's state of mind during the impeachment with one word: "paranoid."
Speaking to the long history of paranoia, d'Antonio recalled that in Trump's book The Art of the Comeback, he wrote ten tips for an effective comeback. No. 3, he said, was "be paranoid."
"He thinks that paranoia is an effective strategy when it comes to managing people and when it comes to doing business," said the biographer. "And I think all of the attitudes that we see him bring into the presidency are things that evidence themselves early in his life. So, he's never trusted people very readily and is very quick to identify someone as an enemy. And then try to root out those who aren't loyal enough. So paranoia is something that's always been a trait for the president, and he considers it a useful, even constructive thing."
Trump lawyer goes down in flames trying to explain away Bill Barr’s corruption
On Monday's edition of CNN's "Anderson Cooper 360," former federal prosecutor Elie Honig took former Trump White House lawyer Jim Schultz to the cleaners when he tried to defend Attorney General William Barr's conduct.
Schultz initially tried to claim that the 2,000 federal prosecutors calling for Barr's resignation had a political axe to grind. "You have a lot of folks that have a partisan agenda pushing this thing out, before the facts have really, have really been discovered, as it relates to what happened," said Schultz. "And Barr is vehement about stating that, you know, that decision was made long before any of the tweets, long before — and before the president made my statements on this matter ... he has to have the trust in the folks that are working below him."