- Members of the media and left-wing politicians have been talking about the possibility of a recession long before experts started discussing warning signs.
- Some well-respected economists, including former President Barack Obama’s Federal Reserve Chair Janet Yellen, warned that the recession indicators of yesterday may not apply to today.
- Some on the left have rooted for a recession to get President Donald Trump out of office.
Members of the media and left-wing politicians have been talking about the possibility of a recession long before experts started discussing warning signs like the Dow’s 800-point drop Wednesday, and the reason why could have to do with President Donald Trump’s reelection.
The most egregious example of connecting a recession with Trump failing to secure a second term came from comedian Bill Maher more than a year ago.
“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,” Maher said on HBO’s “Real Time” on June 8, 2018. (RELATED: Trump Jumps On Reports Of Israel Banning Reps. Omar And Tlaib: ‘They Hate … All Jewish People’)
Politicians including Rep. Ted Lieu of California and Sen. Elizabeth Warren of Massachusetts, both Democrats, warned of a looming recession after the Dow’s bad day Wednesday.