MSNBC Analyst: I Don’t Think We Should Be Rooting for a Recession
Liberals have expressed their hopes for a recession in order to hurt Trump
David Rutz - August 15, 2019 5:15 PM
MSNBC analyst Richard Stengel said he didn't think anyone should be "rooting for a recession" Thursday during a discussion of economist fears of a downturn.
The stock market had a modestly good day Thursday after its worst drop of the year on Wednesday, in part due to fears of a looming recession prompted by an "inverted yield curve" showing the yield on 10-year treasury notes dipped below that of a two-year note.
The topic led the first block of MSNBC's Deadline: White House, known for its vehement anti-Trump stance. Stengel, a former Time editor and Obama administration official, appeared to address liberals who secretly—or in comedian Bill Maher's case, publicly—hope for a recession to damage the re-election hopes of President Donald Trump.
"Not to put cold water on this … The signs of recession are not exactly overwhelming," he said. "There was the inverted yield curve that everybody was talking about yesterday … Germany is down. China is down. Those things are not good, but the U.S economy is relatively buoyant, so I just don't think we should be rooting for a recession, because that's not good for America."
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https://freebeacon.com/politics/msnbc-analyst-i-dont-think-we-should-be-rooting-for-a-recession/