Trump Admin Panicking About Recession

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Published on 21 Aug 2019, 3:00
Is Trump eyeing another tax cut? Cenk Uygur and Ana Kasparian discuss on The Young Turks. MORE TYT:

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"President Trump on Tuesday confirmed he is considering whether to push for a temporary payroll tax cut or other tax changes amid mounting concerns about an economic slowdown.

Trump tried to tout the economy’s strength while also spelling out a number of steps he might push for that are usually reserved for periods of significant economic weakness. In addition to tax-cut ideas that Trump said are under review, he continued Tuesday to push the Federal Reserve to slash interest rates.

Trump’s comments laid bare increasingly urgent White House discussions that have shifted from public denials that anything is wrong to a review process aimed at soliciting ideas to stimulate the economy. Few economists believe the country is in a recession, but most say it is slowing, and White House officials fear that a weak economy in 2020 could impair Trump’s reelection chances.”*

Hosts: Cenk Uygur, Ana Kasparian

Cast: Cenk Uygur, Ana Kasparian


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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary)

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