- Joined
- Dec 3, 2017
- Messages
- 26,290
- Reaction score
- 16,771
- Gender
- Male
- Political Leaning
- Progressive
https://www.politico.com/story/2019/01/17/government-shutdown-recession-economy-1092089
The impasse is triggering alarms about an already fragile economic environment.
The partial government shutdown was supposed to be a brief non-event for the economy. Now it’s starting to look like a serious crisis that could nudge the U.S. toward recession and threaten President Donald Trump's economic message during his reelection campaign.
Across Wall Street, analysts are rushing out warnings that missed federal paychecks, dormant government contractors and shelved corporate stock offerings could push first-quarter growth close to or even below zero if the shutdown, which is wrapping up its fourth week, drags on much longer.
=======================================================
This shutdown (aka Trump's Ego Trip) will have inevitable consequences for the economy. But the perfect storm would be a recession/depression later this year dragging into the 2020 election. Hard for a president to get reelected in a disastrous economy that he caused.
The impasse is triggering alarms about an already fragile economic environment.
The partial government shutdown was supposed to be a brief non-event for the economy. Now it’s starting to look like a serious crisis that could nudge the U.S. toward recession and threaten President Donald Trump's economic message during his reelection campaign.
Across Wall Street, analysts are rushing out warnings that missed federal paychecks, dormant government contractors and shelved corporate stock offerings could push first-quarter growth close to or even below zero if the shutdown, which is wrapping up its fourth week, drags on much longer.
=======================================================
This shutdown (aka Trump's Ego Trip) will have inevitable consequences for the economy. But the perfect storm would be a recession/depression later this year dragging into the 2020 election. Hard for a president to get reelected in a disastrous economy that he caused.