Bush led the world into the worst economic depression. Will Trump achieve the same? Will it be much worse this time around?
- Jimmy CLv 711 months agoFavorite Answer
Trump is ruining the economy gradually, but it will be a lot harder to recover because of the damage he is doing.
For instance american farmers sold soybean to China in massive amounts. Trump's tariffs have caused China to stop importing american soy and look to other ocuntries instead. Even when a new president with a brain is elected, the damage is done, because China has found its now sources and does not trust the US.
It will be more noticeable than the Bush recession.
By the way the great depression of the 1930s was the worst.
- pit bulls biteLv 711 months ago
LOL...........CNN lies to you
- TorukoLv 611 months ago
Bush could sell US Soy Beans. Trump can't.
The USA elite, his favored 1% of the USA,
exported entire job plants outside the
USA to kill union labor. Before Nixon went
to China switching roles with China would
not happen. What we did not give they stole.
And are stealing. I'm voting Democrat.
I'm not voting Republican in 2020 or 2022,
- JimZLv 711 months ago
Bush was a pseudo-conservative. He never met a spending bill he wouldn't sign. I can't say Trump has been very effective at reigning in spending but he has removed a bunch of idiot special interest regulations that were designed to prevent competition. Your ilk always favors those special interests because elitists have convinced you that freedom and free markets is bad. It is only bad for elites when they can't control and skim off money. Trump is their worst enemy and that is why the economy has soared under Trump. Sadly we have Stretch Pelosi trying to sabotage the economy and the leftist Republicans in the Senate aren't much help either.
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- ElaineLv 711 months ago
Recessions occur in cycles but this time Trump has left very little wiggle room. Interest rates are low and traditionally interest rates have been use to stimulate economy. The Trump tax cuts haven't helped for the long term. Trump only operates in short term policies and fails to plan long term or think of consequences. Take the trade war with China as an example. China exports less to the US than the US imports from China. You could also look at the agricultural sector. It is entirely possible that countries such as Brazil could permanently replace many US agricultural exports. It is difficult to say that an upcoming recession will be worse than the one in 2008. You also need to look at US deficits and debt. As these increase it will become more and more difficult for the US to borrow money at reasonable interest rates.
- MegumiLv 611 months ago
The economy is soaring under Donald Trump.
- coolLv 611 months ago
No single person can lead the world into an economic depression.
- John WLv 711 months ago
It will depend on Moscow Mitch, he's gotta go in order to get anything done to fix it.
- Anonymous11 months ago
Its inevitable, trickle down economics always does
- Godless GazooLv 711 months ago
The worst one was in the 30s dumbass. It's not even close.
I mean at least look like you have a clue. It's got to be embarrassing for you.