Trump’s Partly Right: A ‘1929-Style Depression’ Is Just Around The Corner

A few days ago, President Donald Trump warned of a “1929-style Depression … if the Democrats get in.”

Trump is, of course, referring to November’s midterm elections. And throwing hearty rhetoric at the wall — hoping it sticks for electoral effect.

Just as he did with his bribe — oops, I mean offer — to pay everyone $5,000 should Republicans (miraculously) maintain control of Congress.

I added “miraculously” — because the US (and global) economy are awful. And off-year elections for the President’s party aren’t much fun under the best of circumstances. The U.S.’ (and the planet’s) awful economy? Are not the best of circumstances.

I said President Trump is “partly” right about the looming Depression? Because I think it happens whether or not the Democrats take control of DC in November. Gird your loins.

The President hasn’t helped matters with his Iran war. Which has broken the global energy system. And with it the global economy.

Also unhelpful was his Big Broke — oops, I mean “Beautiful” — Bill. It has added trillions of dollars more to the US deficits and debt than the last President Joe Biden-Democrat Continuing Resolution (CR). Not very reductive of him.

Regardless, the Depression that’s about to happen? Would be happening if President Trump had never happened.

Which is an ironic reversal. Considering we elected him because said he would stop the spending and wars – and hopefully with it the Depression we all have long sensed is coming.