WHAT WILL BE THE POLITICAL CONSEQUENCES OF A RECESSION?
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 23 February 2020
⏱️ 63 minutes
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Summary
A recession is overdue for our economy with the Fed chairman ordered by Trump to not raise interest rates in an artificial influence to hold it off. If Trump loses the 2020 election and allows the economy to tank before he leaves office, are Democrats prepared for the public outcry?
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Transcript
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| 0:00.0 | This is the Tom Hartman program. |
| 0:15.0 | I want to get into the economy. |
| 0:19.0 | There's some pretty startling economic indicators out there. |
| 0:23.8 | I'm guessing if the bottom falls out before Trump leaves office he's going to blame it on the |
| 0:30.2 | Chinese virus, which will play a role in this and is already playing a role in this. |
| 0:35.2 | Apple announced yesterday or the day before that they're expecting next quarter that their revenues |
| 0:40.0 | will be down because their production is down. |
| 0:42.4 | I mean, you know, know at FoxCon the factory |
| 0:44.1 | where they make the Apple devices only the first day of work and I haven't seen numbers |
| 0:48.2 | since then but the first day of work only 10% of the workforce showed up. People are |
| 0:52.2 | not leaving their houses in large |
| 0:53.9 | chunks, large parts of China. You know, first it was the doctor who discovered the |
| 0:59.2 | virus who died and then it was now right at the Financial Times, that the doctor who is the head for the state of |
| 1:08.8 | who by, I think it is, the state in which Wuhan is located, the guy who is the state in which Wu Han is located. |
| 1:12.9 | The guy who was the administrator died from this. |
| 1:18.0 | He had been supervising, caring for people. |
| 1:21.4 | So this has got China pretty freaked out and increasingly the world freaked out. |
| 1:27.0 | So, you know, it's going to slow things down. It doesn't mean that that throws things into a crash or anything like that. |
| 1:33.9 | But there are other numbers. |
| 1:35.5 | This from Axios. |
| 1:36.6 | U.S. industrial, this is U.S. |
| 1:40.1 | industrial production fell three-tenths of a percent in January |
... |
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