With many speculating and predicting another economic recession is in the near future, MSNBC anchor Stephanie Ruhle said on Monday while no president wants to be in office with such economic downturn, recessions are normal.
Ruhle said President Trump is wrong in his assertions that a recession will not occur.
“He is not right, but a recession is okay. A recession is a normal part of economic activity. We see them upturns and downturn. A recession doesn’t mean it’s a crisis,” Ruhle explained. “But if you’re a sitting president, you don’t necessarily want a recession on your watch. You want people feeling good. But seeing that we have been in economic expansion for the better part of 10 years, it’s about time we get a recession.”
Ruhle said the 2017 tax cuts have not resulted in the promised economic growth of three or four or five percent because, “We’re at 2.1%. That’s the average.”
“So when the president says this is the best economy ever, it’s not. And if we did face a recession, it would be normal and it would be okay,” she added.
HBO comedian Bill Maher recently expressed he wants a recession because it will lead to Trump losing reelection in 2020.
“We have survived many recessions. We can’t survive another Donald Trump term,” Maher said. While a majority of the on his show disagreed with Maher’s wishes, NBC News foreign correspondent Richard Engel agreed, saying, “Short-term pain might be better than long-term destruction of the Constitution.”