Trump Mnuchin

President Trump has been “anxious and apprehensive” about the prospects for the US economy amid signs of a global economic slowdown, reported the Washington Post Thursday citing sources familiar with the matter.
According to the Post, Trump administration economic officials are not planning for the prospect of a recession out of concern that it could help precipitate a crash.
President Trump baselessly claimed in a tweet Thursday that: “The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election.”

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Though bullish in public about America’s economic strength, President Trump has reportedly showed concern privately about a looming recession that could seriously dent his chance of re-election in 2020, the Washington Post reported Thursday.

According to two sources familiar with the matter who spoke to the Post, the president is “anxious and apprehensive,” and has spoken by phone with business leaders and financial executives this week to sound them out about the prospects of the US economy.

He has even reportedly even accused media and economists of skewing data to thwart his re-election, according to the report.

“He’s rattled,” a Republican close to the administration told the Post. “He thinks that all the people that do this economic forecasting are a bunch of establishment weenies — elites who don’t know anything about the real economy and they’re against Trump.”

Read more: Trump makes baseless claim that the press is trying to ‘crash the economy’

According to the Post, White House officials are “planning no new steps to attempt to stave off a recession,” and are delivering upbeat assessments of the US economy to the president, amid concerns that preparation for a crash would present a weak front and would “validate a negative …read more

Source:: Business Insider

      

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