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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.”

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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

Trump’s longshot bid to win New Mexico has political leaders baffled: ‘He’s a batsh*t racist’

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Despite losing New Mexico by eight points in the 2016 presidential election, Donald Trump and his campaign manager Brad Pascale are making big plans to win the state in 2020 -- and that has political observers baffled.

With Trump appearing in New Mexico on Monday night, Politico reports the president has his work cut out for him in a state that saw the GOP lose the governorship and one House seat in 2018.

"The Land of Enchantment has voted for a Republican presidential candidate only once since 1992. With a considerable nonwhite voter population and all-Democratic congressional delegation, it’s not exactly fertile ground for a surprise GOP victory," the report notes before adding that Parscale feels they can make inroads this go-around.

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Oil prices soar more than 10% after Saudi plant attacks

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Oil prices surged more than 10 percent Monday after attacks on two Saudi Arabian plants that slashed output in the world's top producer by half, with Donald Trump blaming Iran and raising the possibility of a military strike on the country.

West Texas Intermediate jumped 10.68 percent to $60.71 and Brent climbed 11.77 percent to $67.31 in early Asia trading following the blasts at facilities run by state-owned giant Aramco.

The attack by Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, effectively shut down six percent of the global oil supply.

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2020 Election

Most top Democratic presidential candidates demand Kavanaugh’s impeachment – but not all

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Most of the top Democratic presidential candidates are issuing calls demanding U.S. Supreme Court Justice Brett Kavanaugh be impeached, after new allegations of sexual misconduct in a bombshell New York Times report late Saturday night. Most of the candidates, but not all.

Julián Castro, Saturday night at 11:25 PM:

It’s more clear than ever that Brett Kavanaugh lied under oath. He should be impeached.

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