Timothy Birdnow

Oh, how quickly we forget. After Ronald Reagan's election the U.s. experienced a really nasty recession - exactly what his critics prophecied, including his own Vice President (who coined the phrase "voodoo economics" for Supply-Side theory). Reagan wisely kept true, holding the course on his tax cuts and the rest of "Reaganomics" and wound up being one of America's greatest Presidents.

Now we are seeing a plethora of Democrats and a lot of Republicans prophecying a bad recession because of Trump's tariffs. We may get one - or not. But the point is that doesn't make the policy bad - it just means the nation has been addicted to international trade to the point where we were not safe and there is going to be withdrawl symptoms for a time.

Fundamental restructuring causes temporary dislocation. The worry is that the American People turn against the Trump policies and show it by handing Congress back to the insane Democrats, who reimpose the very things that have been ruining this nation.

The economy has been described as like an oil supertanker; if you want to turn into San Francisco Bay you have to start your turn in British Columbia, or at leas outside of Seattle. We can't say "it doesn't work" in just one month.

Of course the political class built a world economy that greatly benefitted them, and they aren't happy about a restoration of pre-seventies economic alignments. So the RINO Republicans will join with the Democrats and actually TRY to get a recession to stop the MAGA juggernaut.

I remember the election of '92; the media began running endless stories of how a recession was coming, and eventually a very minor one happened because they talked down consumer and investor confidence. Al Gore was up there saying "everything that should be down is up and everything that should be up is donw" and others uch stupidity, and Bill Clinton was elected over George H.W. Bush (no great change of course). That is what they are going to try to do now; gin up a bogus recession, take Congress, and then restart all the investigations and impeachments and lawfare against Trump. We shouldn't fall for it again.

Posted by: Timothy Birdnow at 09:06 AM | No Comments | Add Comment
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