Trump will plunge U.S. somewhere 'between recession and depression': MSNBC analyst
Trump will plunge U.S. somewhere 'between recession and depression': MSNBC analyst
On Thursday morning, MSNBC economic analyst Steven Ratner painted a dark picture of what he expects will happen if Donald Trump win's re-election in less the two weeks.Standing before a big display that blared "Trump's Plan Will Crater Economy," the investment analyst claimed voters could find thems...
Besides blanket tariffs that make everything more expensive, letting Americans buy less stuff, there will be job losses from retaliation, and less money to buy other stuff.
There is unlikely to be mass reindustrialization of the US in the face of low demand, and not being exportable products due to retaliatory tariffs. Deporting 10m people will harm housing and banking and tax revenue and other demand for stuff.
Don't worry about it, tax cuts will compensate, so it will only be a problem if you are not in the 1%. /s
Until Trump, Republican higher-ups didn’t really want to eliminate immigration for exactly this reason. They wanted them around as scapegoats and cheap labor. If he wins, I wonder what Trump would actually end up doing.
Legal slavesprison labor.
Journalist reports that he sees a man holding a flame thrower threatening to burn everything down may only cause minor heat damage.
No see you don't understand. A 1500% tariff on everything means the money trickles down because something about the national debt that I'm sure figures in there somewhere.
I see you weaving... 1600% tariffs on 6 minute abs videos is sure to make us all rich.
So will house prices go down?
deportations would have that effect. More empty housing.
The concept of a plan for mass deportations is I think the red states volunteering to pay for it all. Due process would make it expensive, and back up the courts to prevent other prosecutions in those states. If it is just round up brown people in trucks and drive them to Tijuana, then it could be cheap and quick.
During depressions the rich stand to lose a lot more than the poor. And if there's a depression I'm sure a lot of companies will start offloading their properties.
Not to minimize the damage that Trump would do to the country, but if you expanded the usefulness of what a media outlet "analyst" has to say tenfold, it would still rattle around in a gnat's asshole.
Mmmm Republicans giving us repression?