already in a recession? the official arbiters of whether we are in a recession or not have not yet decreed anything and they generally don t until long after something has happened, so i don t want to i don t want to get ahead of the keys. there are a lot of things that are worrying about the data. i think the things that are most concerning to me are not whether we ll fall into a recession which eventually we will, the business cycle turns. that s why it s a cycle. the real concern is how badly it will be mismanaged. i think that s part of what markets are freaking out about right now. can i read you a quote? sure. i want to read a quote i saw on twitter. the real economic risk if market goes wrong, trump s economic brain trust consists of a guy who plays on economist on tv. a nut case the entire real economic profession has disowned. who wrote that? i did.
why is johnathan martin smiling? that s what i want to know. apparently he has no 401(k) at the new york times. we ll see how she feels today. real economic risk is if things go wrong. the white house does not have a plan and does not have any competent personnel to come up with one. trump s economic brain trust consists of a guy who plays on economist on tv, a nut case the entire real economic profession has disowned, and the producer of lego batman. would you like to put a finer point on any of this? tell them how you really feel. this is what i m really concerned about. look. recessions happen, downturns happen. that s the nature of the business cycle. it s a cycle. sometimes you re up and sometimes you re down. what i m really concerned about how badly i fear this administration will bungle a response to this recession if we have one. there are just not that many
tools left, first of all. we ve already spent $2 trillion on trump s tax cuts for the wealthy and corporations. so we don t have a lot of room for fiscal stimulus at this point. and beyond that, you don t have competent people at the top. like, who s the person in the room with trump who a has a good idea and b trump will listen to? who s the nut case that the entire real economic oh, peter navarro. he s been disowned by the rest of the economics prinofession. i don t know if you saw but navarro s response was to call the wall street journal to a communist newspaper which i m sure is a first for the wall street journal. but i m sure the only competent economic leadership right now is over at the federal reserve. and what is trump doing? he s doing his darnedest to discredit them, to suggest they don t know what they re doing, that they re responsible for his own folly. which is, you know, escalating the trade war and making markets nervous.
after the debate is over? rather than turn to him and say senator sanders, what if he thinks it s socialism. ask him that. that s a wasted moment on his part. it s all about framing. right? warren has the advantage of being really good at explaining things at a simple way. she did better explaining in calm simple way what she wants to do. tariffs had that been framed as we re going to tax everything you buy and slap a tax on it when it comes in. it wouldn t have sowned like a great idea in ohio. trump framed it as china is paying for it. that s not true. democrats don t frame arguments adds way that are simple and make sense. medicare for all is not a horrible scary thing. this is great opportunity to explain what it is. which they didn t do. i don t understand why neither of them took the chance to do
decided that s not a wise strategy. it s interesting for amash who is on an island alone who is commenting about the strategic benefits or cost-benefit analysis for one party or another. he s been disowned by the republican party and disowned the party himself and certainly is not a democrat. i don t think nancy pelosi is going to listen to justin amash really as she decides her strategy for this. she s sort of set her sights on what she thinks is the right approach. and it s not going to be diverted by him. michael shear and aneata kumar, good to see you both. coming up, senator kamala harris is speaking to voters in florence, south carolina, this hour. these are live pictures here. she speaks to the crowd there. hear how she s responding to joe biden s apology about those comments he made that we just discussed. that s next. the nation s largest and most reliable network. the best network is even better? best, fastest, best.