General Discussion
In reply to the discussion: The 'complicit' pundits at MSNBC are 'shocked' that voters are focused on supporting impeachment. [View all]PatrickforO
(15,399 posts)The impeachment inquiry is happening now. They can still hold up a vote on actual articles for some time.
In the meantime, the economy that Obama left and Trump has systematically undermined is getting soft. We're in for a significant downturn, and an increasing number of indicators are showing weakening, slowing.
Moodys, the Fed and others are now predicting at the least a major slowing in job growth. It will happen as Trump keeps screwing around with this trade war, and will be exacerbated by the grossly irresponsible tax cut for billionaire donors coupled with feckless across-the-board deregulation. There are a bunch of bubbles out there, and when they all burst, it will be akin to what happened in '08.
I believe this recession will hit in just a couple of months - toward the end of this year, and it will deepen through the first quarter of 2020. It will be a time of economic misery with high unemployment and a government incapable of doing what will need to be done to make itself the spender of last resort. Demand will go down, down, down, and layoffs will increase over months.
There will be massive social unrest because 8 of 10 Americans cannot even sustain $400 in unplanned expenditures. If a recession hits and millions are laid off, and unemployment has to be cut because of the unsustainable Trump national debt, rioting will happen across the nation.
At the same time, the impeachment hearings will be bringing up crime after crime, and the public will be exposed to that, and they will rightly blame Trump and the Republicans. So, if the articles are passed by the House, say in October, in a time of economic misery for most Americans, the country will be painted blue in November.
Those are my prognostications, at least.