Sen. Elizabeth Warren, finding it difficult to run against Trump’s economic record, is trying on economic fear-mongering for size. This week, she predicted that an “economic crash” is coming, and gave her prescriptions for preventing it (some of which would actually harm the economy, like a national $15 minimum wage.)
Of course, Fox Business news called her on her nonsense…
But you know a Democrat is grasping at straws when even CNN warns that her prescriptions for saving the economy would crash it, via high taxes and more debt.
Even her hometown liberal rag, the Boston Globe, can’t bring itself to swallow her apocalyptic economic predictions.
As Larry Edelman notes, all economies eventually go through recessions, and this one has expanded for a record 121 months. He doesn’t mention that it’s roaring even stronger now, at the alleged "end" of the cycle," than it was when Obama was in office because Trump's removal of the Obama policies Warren wants to bring back was like cutting the rope holding back a speedboat that already had its throttle wide open.
Edelman writes, “No recession is good, but the Senator makes it sound as if we are the next Venezuela.” Which is ironic, considering that if we elect any of these Democrats, we just might be the next Venezuela.
He further adds, “Ironically, Warren’s campaign (and those of the other Democratic candidates) would benefit if a recession were to hit sooner rather than later.” See, now that’s NOT “ironic.” That’s the entire point of attempts to talk down the economy and convince voters that economic doom is right around the corner.
When I ran for President in 2008, I was smeared by the right as a tax-loving socialist (can you believe it?!) for spoiling their “don’t worry-be happy” narrative about the economy and pointing out that there were some serious problems. I talked to working people all over America, and I knew that just because the guys the corner offices on Wall Street were getting record bonuses, that didn’t mean things were great for regular working people. Nobody wanted to hear it then, but they were forced to deal with it before the election when it all came crashing down. I didn’t consider that fear-mongering, but telling the truth.
However, I don’t believe Warren really believes the economy, which is now incredibly strong based on solid policies like deregulation, tax cuts, energy production and manufacturing, and not on artificial life support like “quantitative easing," "green jobs" underwriting, or massive federal bailouts, is on the brink of disaster. But she’d love to convince you that it is, so you’ll vote to bring back the same policies that kept the boat tied to the dock for eight years.
That’s putting her own political fortunes ahead of the fortunes of the American people. Thanks to the Trump economy, you probably have more disposable income than before. But don’t throw it away by buying what Elizabeth Warren is selling.