'Looking ahead it's all bad': MSNBC analyst paints grim portrait of the Trump economy
If Donald Trump tuned into MSNBC's "Morning Joe," on Thursday he likely was not happy that financial expert Steve Rattner had nothing good to say about the Trump economy based on the latest economic news –– and then predicted things are about to get a lot worse.
Standing before an array of charts, the "Morning Joe" regular pointed to indicators that consumer confidence is in collapse and Wall Street is in turmoil because of the president's tariff trade war.
After noting Trump was not the president for the entire 90 days of the recently concluded quarter, Rattner told co-host Joe Scarborough, "When you strip it all apart, it does appear that the economy grew by a couple percent in the first quarter; that I would put on Biden when Biden was the president for a month of that, plus, it was his economy that Trump inherited."
"So I'd give Biden credit for what was actually not a bad GDP number," he added. "We got to look ahead, there was a jobs number yesterday from ADP, we're going to get another jobs number this Friday, but the ADP number that came out yesterday showed roughly half as many jobs being created last month as the month before so you may start to see some effects of Trump."
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"But, but, I –– but looking ahead it's all bad, there's nothing but gloom out there in the business and the investor community," he admitted.
Host Scarborough then contributed the "next 100 days would be telling."
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