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Trump’s economic advisers baffled over how to hold off recession that his trade war set in motion: report

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According to a report from ABC, Donald Trump’s economic advisers are baffled about how to stop what appears to be a recession coming before the 2020 election after his trade war upset an already teetering worldwide economy.

With the report noting that Trump had hoped to run on a strong economy as part of his 2020 re-election strategy, warnings from economists that a recession may arrive before then has White House officials in a panic.

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“The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. That’s on top of concerns over Trump’s plans to impose punishing tariffs on goods from China and word from the United Kingdom and Germany that their economies are shrinking,” the report states, adding, “Trump advisers fear a weakened economy would hurt him with moderate Republican and independent voters who have been willing to give him a pass on some his incendiary policies and rhetoric.”

Bedeviling the president’s advisors is a lack of ideas about how to halt the slide into a re-election-killing economy.

“White House economic advisers see few options for reversing course should the economy start to slip,” the report states before saying the president, for the money, is looking to spread blame elsewhere.

“Trump has taken to blaming others for the recession fears, mostly the Federal Reserve, which he is pushing for further interest rate cuts. Yet much of the uncertainty in the markets stems from his own escalation of a trade war with China, as well as weakened economies in key countries around the world,” ABC reports. “Aides acknowledge it is unclear what steps the White House could take to stop a downturn. Trump’s 2017 tax cut proved so politically unpopular that many Republicans ran away from it during last year’s midterms. And a new stimulus spending program could spark intraparty fighting over big deficits.”

Trump attempted to lower expectations about his performance during a MAGArally in New Hampshire this week, telling his fans, “”You have no choice but to vote for me because your 401(k), everything is going to be down the tubes. Whether you love me or hate me, you’ve got to vote for me.”

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2020 Election

So long, Steve King: 9-term white supremacist GOP congressman from Iowa loses primary

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U.S. Congressman Steve King, a nine-term Republican of Iowa, has just lost his primary to a GOP challenger. It's a huge fall from grace: In 2014 The Des Moines Register labeled the former earth-moving company founder a "presidential kingmaker."

But his racist, white nationalist, white supremacist, anti-immigrant, anti-Semitic, homophobic, transphobic, biphobic remarks and disturbing ties to far right radical European politicians – including one he endorsed who has ties to a neo-Nazi, finally caught up with him.

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When the president’s son-in-law truly was a great success

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For many Americans, the idea of the president tasking his son-in-law with solving national, even international, crises, seems problematic, if not absurd. But it happened once before and turned out to be the kind of “great success story” our current first family wants us to believe in again. Slightly over a century ago, as the US mobilized for the First World War, the nation faced devastating breakdowns of its financial and transport systems. In response, President Woodrow Wilson leaned heavily on his talented and experienced Treasury Secretary, William McAdoo, who just happened to be his son-in-law. Looking back at this episode tells us a lot about what makes for successful emergency management at the highest levels of government.

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Here are 7 ways Donald Trump is just like Henry Ford — and why that’s not good for American democracy

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On May 21, speaking at the Ford Motor Company’s Rawsonville plant in Ypsilanti, Michigan, Donald Trump paid his latest homage to Henry Ford, lauding the family’s “good bloodlines” with Ford’s great grandson sitting in the front row.

Ford, like Trump, was obsessed with bloodlines—with the idea that race and genetic origins determined who counted as the “best people.”

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