President Donald Trump and his allies at Fox News have settled on a strategy to deal with the possibility of an oncoming economic recession: Blame the media.
The United States is currently experiencing the longest economic expansion on record, growing every quarter since the early days of President Barack Obama’s tenure. But no boom lasts forever, and key economic indicators suggest that the economy is now weakening and that a recession may be on the horizon. A recent survey found nearly three in four economists expect one by 2021, reflecting “growing skepticism among economists and investors that the U.S. economy will be able to withstand a protracted trade war with China without serious harm amid a weakening global outlook.”
Trump is reportedly worried about the impact that might have on his reelection campaign, and rightfully so, as sitting presidents who face recessions as Election Day approaches typically lose. His response — along with talking up the economy while lashing out at the response of his handpicked Federal Reserve chairman — has been to push the paranoid conspiracy theory that the press is deliberately trying to tank the economy to stop his re-election. This plays into Trump’s years-long campaign to delegitimize the press as the “enemy of the people.”
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
WASHINGTON — President Trump has insisted that he is not going to compromise with Democrats to end the government shutdown, and that he is comfortable in his unbendable position. But privately, it’s sometimes a different story.