GOP front-runner Donald Trump has been right before on immigration and terrorism predictions before so why buck the trend now? Trump puzzled economic “experts” saying America’s future includes a massive recession as early as next year.
Clearly unemployment/underemployment is high. The government tracks it with registered unemployed seeking checks. They have no precise method of monitoring underemployed or those that gave up. 30+ million Illegals, H1-B, and H2-B are filling that employment gap.
Republican presidential front-runner Donald Trump predicted that the United States is on course for a “very massive recession,” warning that a combination of high unemployment and an overvalued stock market had set the stage for another economic slump.
“I think we’re sitting on an economic bubble. A financial bubble,” the billionaire businessman said in an interview with The Washington Post published on Saturday.
Coming off a tough week on the campaign trail in which he made a series of missteps, Trump’s latest comments bring him back into the limelight ahead of Tuesday’s important primary in Wisconsin where he trails in the polls.
The former reality TV star said that the real U.S. jobless figure is much higher than five percent number released by the U.S. Bureau of Labor Statistics.
“We’re not at 5 percent unemployment,” Trump said.
“We’re at a number that’s probably into the twenties if you look at the real number,” he said, adding that the official jobless figure is “statistically devised to make politicians — and in particular presidents — look good.”
How many years now have we heard from so called experts that a major recession, currency implosion, etc. is imminent? Some day someone will be a hero for calling a major collapse shortly before it begins. The law of averages works both ways!
The Administration is not even counting those that have stopped even trying to find employment, the market is again overvalued, and the National debt is over $19 Trillion (that is $52,000 for every man, woman, and child to pay BEFORE a balanced budget). Quantitative easing has lessened the blow of the Housing bubble burst, but the Obama Economy has dragged this out too far. It is time to pay the piper which should have been done before continuing to print money and fudging their accounting.
Donald Trump Predicts 'Massive Recession', Advises Against Stock Market: Donald Trump said in an interview tha… https://t.co/EmKzMucFRW
— Karan Thakkar (@tkaran50) April 4, 2016
In a revealing interview, Trump predicts a ‘massive recession’ but intends to eliminate the national debt in 8 years https://t.co/Xxv8WIm0sM
— Laura Walker (@LauraWalkerKC) April 4, 2016
The difference is when Trump says it, it’ll happen in six months. When Hillary says it, it already happened six months ago.
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