Now to President Trump
back to the White House tonight,
and dismissing any talk of
a looming recession here in the US.
The president downplaying
key economic warning signs,
saying, “Consumers are rich,”
and “loaded up with money.”
President Trump knows full well
the economy will be a major factor
Tonight, with markets gripped by
the White House trying to
hammer home one message.
I don't think
we're having a recession.
We're doing tremendously well.
Our consumers are rich.
I gave a tremendous tax cut,
and they're loaded up with money.
But a new survey out today shows
three out of four economists expect
the country will slide into
recession by 2021.
Economists say the president's
trade war with China
has a lot to do with the instability.