Trump Predicts Massive Recession, Claims He Can Still Erase $19 trillion National Debt in Eight Years


Donald Trump isn’t parsing words when it comes to the future of the American economy. His outlook isn’t good, but he think he knows how to fix it.

Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts.

The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.

“I know the Wall Street people probably better than anybody knows them,” said Trump, who has misfired on such predictions in the past. “I don’t need them.”

Trump’s go-it-alone instincts were a consistent refrain — “I’m the Lone Ranger,” he said at one point — during a 96-minute interview Thursday in which he talked candidly about his aggressive style of campaigning and offered new details about what he would do as president.

The real estate mogul, top aides and his son Don Jr. gathered over lunch at a makeshift conference table set amid construction debris at Trump’s soon-to-be-finished hotel five blocks from the White House. Just before, he had met there with his foreign-policy advisers and just after he visited officials at the Republican National Committee — signs that, in spite of his Trump-knows-best manner, the political novice is making efforts to build a more well-rounded bid.

Trump, at another March 30 campaign event in Appleton, Wis., has surprisingly pessimistic views about the health of the U.S. economy, but intends to change that with massive trade renegotiations.

Over the course of the discussion, the candidate made clear that he would govern in the same nontraditional way that he has campaigned, tossing aside decades of American policy and custom in favor of a new, Trumpian approach to the world.

In his first 100 days, Trump said, he would cut taxes, “renegotiate trade deals and renegotiate military deals,” including altering the U.S. role in the North Atlantic Treaty Organization.

He insisted that he would be able to get rid of the nation’s more than $19 trillion national debt “over a period of eight years.”

Many call Donald’s plan impossible — to be fair, Donald has a knack for exaggeration — but Trump’s business expertise may put him in a position to know better than any of the lifelong politicians who claim they can do it better.

While they continue to fight for government-expanding programs in order to appeal to American voters, Trump has made it fairly clear that he answers to no one, and will likely examine and cut any dollar necessary to make it happen, popular or not.

Source: Washington Post



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