After Lib Economist Predicted Market Crash, Sarah Huckabee Unleashes His WORST Nightmare

After Lib Economist Predicted Market Crash, Sarah Huckabee Unleashes His WORST Nightmare

Uncategorized 0 Comment

White House press secretary Sarah Huckabee Sanders is still on vacation between the Christmas and New Years holidays, however, she found time to roast liberal economist Paul Krugman on Twitter Friday.Paul Krugman made a prediction when President Trump was elected in November 2016 that America was headed for economic disaster and to prepare for a global recession.Image result for On Monday, White House Press Secretary Sarah Huckabee Sanders took a break from her daily deflections of allegations of sexual assault and collusion against her employer to kindly teach the nation a lesson on how the tax law works. You see, President Trump has long promised once-in-a-generation tax reform, hoping to use the GOP's majority in the Senate to pass THE BIGGEST TAX CUTS IN HISTORY while adding much-needed simplicity to our morass of a tax law. And that promise begins its path to reality on Wednesday, when the House is slated to release the first draft of proposed legislation. If you're curious about the changes expected to be contained within that proposed legislation, feel free to read here. But the nature of any proposed tax cuts was not really what Sanders' impromptu dissertation was about; rather, she took it upon herself to address what many Americans are preemptively speculating as they anticipate the release of the GOP plan: will this be a big tax cut for the rich, at the expense of the rest?“If the question is when markets will recover, a first-pass answer is never. So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”

Now that it is over a year later and the economy and stock markets are reaching record highs every single day, Krugman has been keeping very quiet lately.

Huckabee refused to let him live this down and tweeted to him on Friday giving him the “worst prediction ever” award.

Liberals will continue on predicting the end of the world through all President Trump’s record setting years , despite being proven wrong time and time again.

It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover?

Frankly, I find it hard to care much, even though this is my specialty. The disaster for America and the world has so many aspects that the economic ramifications are way down my list of things to fear.Image result for Sarah Huckabee SandersStill, I guess people want an answer: If the question is when markets will recover, a first-pass answer is never.

Under any circumstances, putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.

It’s true that we’ve been adding jobs at a pretty good pace and are quite close to full employment. But we’ve been doing O.K. only thanks to extremely low interest rates. There’s nothing wrong with that per se. But what if something bad happens and the economy needs a boost? The Fed and its counterparts abroad basically have very little room for further rate cuts, and therefore very little ability to respond to adverse events.

Now comes the mother of all adverse effects and what it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work. Effective fiscal support for the Fed? Not a chance. In fact, you can bet that the Fed will lose its independence, and be bullied by cranks.

So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.Image result for After Lib Economist Predicted Market Crash, Sarah Huckabee Unleashes His WORST NightmareWhite House press secretary Sarah Huckabee Sanders is still on vacation between the Christmas and New Years holidays, however, she found time to roast liberal economist Paul Krugman on Twitter Friday.

Paul Krugman made a prediction when President Trump was elected in November 2016 that America was headed for economic disaster and to prepare for a global recession.

“If the question is when markets will recover, a first pass answer is never. So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”

Now that it is over a year later and the economy and stock markets are reaching record highs every single day, Krugman has been keeping very quiet lately.

Huckabee refused to let him live this down and tweeted to him on Friday giving him the “worst prediction ever” award.

On Monday, White House Press Secretary Sarah Huckabee Sanders took a break from her daily deflections of allegations of sexual assault and collusion against her employer to kindly teach the nation a lesson on how the tax law works.Image result for Sarah Huckabee SandersYou see, President Trump has long promised once-in-a-generation tax reform, hoping to use the GOP’s majority in the Senate to pass THE BIGGEST TAX CUTS IN HISTORY while adding much-needed simplicity to our morass of a tax law. And that promise begins its path to reality on Wednesday, when the House is slated to release the first draft of proposed legislation.

If you’re curious about the changes expected to be contained within that proposed legislation, feel free to read here. But the nature of any proposed tax cuts was not really what Sanders’ impromptu dissertation was about; rather, she took it upon herself to address what many Americans are preemptively speculating as they anticipate the release of the GOP plan will this be a big tax cut for the rich, at the expense of the rest.

Author

Leave a comment

Back to Top

%d bloggers like this: