Like what you've read?

On Line Opinion is the only Australian site where you get all sides of the story. We don't
charge, but we need your support. Here�s how you can help.

  • Advertise

    We have a monthly audience of 70,000 and advertising packages from $200 a month.

  • Volunteer

    We always need commissioning editors and sub-editors.

  • Contribute

    Got something to say? Submit an essay.


 The National Forum   Donate   Your Account   On Line Opinion   Forum   Blogs   Polling   About   
On Line Opinion logo ON LINE OPINION - Australia's e-journal of social and political debate

Subscribe!
Subscribe





On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. If you would like to help, contact us.
___________

Syndicate
RSS/XML


RSS 2.0

Democrats obsession with recession will cause increasing depression

By David Singer - posted Tuesday, 27 August 2019


Bill Maher – the host of HBO show Real Time - is growing increasingly worried that his wish for a recession to be visited on American voters still has not yet materialized.

On 9 June 2018 Maher had told his viewers:

Can I ask about the economy because this economy is going pretty well? …. I feel like the bottom has to fall out at some point. And by the way, I'm hoping for it. Because I think one way you get rid of Trump is a crashing economy. So, please, bring on the recession. Sorry if that hurts people, but it's either root for a recession or you lose your democracy...

Advertisement

Maher returned to this theme on 22 June 2018:

A recession is a survivable event; what Trump is doing to this country is not….I'm not rooting for a disaster, the disaster's already here. If a recession is what it takes to make Donald Trump not so cute anymore then bring it on, because, seriously, one of the problems with a roaring economy is it tends to make people put up with a bad president.

Aspiring Democratic Presidential nominee – Elizabeth Warren - has now joined Maher - claiming in an article on 22 July 2019 sensationally headlined "The coming economic crash - and how to stop it":

When I look at the economy today, I see a lot to worry about again (As she did in 2008 – Ed). I see a manufacturing sector in recession. I see a precarious economy that is built on debt - both household debt and corporate debt - and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy's shaky foundation to crumble….The country's economic foundation is fragile. A single shock could bring it all down. And the Trump Administration's reckless behavior is increasing the odds of just such a shock.

Warren's detailed reasons have been pulled to pieces in a devastating critique by Liz Peek - a former partner of major Wall Street firm Wertheim & Company and for 15 years a columnist for The Fiscal Times, Fox News, the New York Sun and numerous other organizations.

Peek concludes:

Advertisement

Warren is not stupid, she's just self-interested. Nothing could be better for Democrats hoping to retake the Oval Office than a recession. Nothing could be better for candidate Warren than being the one who can say: "I told you so."

Nothing however could be worse for Warren and all her fellow nominees contesting the 2020 elections who choose to jump on Warren's recession bandwagon - if their doomsday prognostications of a recession fail to emerge by November 2020.

Ironically even Bill Maher has little faith now that his fervent wish for such a recession will be granted – contradicting Warren to boot – when declaring on 2 August 2019:

  1. Pages:
  2. Page 1
  3. 2
  4. All


Discuss in our Forums

See what other readers are saying about this article!

Click here to read & post comments.

5 posts so far.

Share this:
reddit this reddit thisbookmark with del.icio.us Del.icio.usdigg thisseed newsvineSeed NewsvineStumbleUpon StumbleUponsubmit to propellerkwoff it

About the Author

David Singer is an Australian Lawyer, a Foundation Member of the International Analyst Network and Convenor of Jordan is Palestine International - an organisation calling for sovereignty of the West Bank and Gaza to be allocated between Israel and Jordan as the two successor States to the Mandate for Palestine. Previous articles written by him can be found at www.jordanispalestine.blogspot.com.

Other articles by this Author

All articles by David Singer

Creative Commons LicenseThis work is licensed under a Creative Commons License.

Article Tools
Comment 5 comments
Print Printable version
Subscribe Subscribe
Email Email a friend
Advertisement

About Us Search Discuss Feedback Legals Privacy