Why Trump will lose in 2020 [View all]

[Quixote1818]

Rick Newman
Yahoo FinanceJanuary 2, 2020, 1:34 PM UTC
With unemployment at a 50-year low and the stock market near record highs, President Trump should be a shoo-in for reelection. He’s not.

In fact, Trump could very plausibly lose in November. Perhaps by a wide margin. Here are 4 reasons why:

The economy isn’t strong enough. There probably won’t be a recession by Election Day in November, but there will still be plenty of discontent. Income inequality has worsened under Trump, with the wealthy benefiting much more from a booming stock market than working- and middle-class Americans. Evidence continues to mount that Trump’s signature achievement, the 2017 tax-cut law, benefited businesses and the wealthy more than ordinary workers. Trump and other backers of the law insisted a boom in business spending would follow the tax cuts, but Moody’s Analytics found recently that just 20% of the corporate tax savings went to investment. The other 80% went to stock buybacks and dividend hikes that mainly benefit the shareholder class.

More:

https://finance.yahoo.com/news/why-trump-will-lose-in-2020-133414780.html