The Buck Stops There

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August 23, 2019 11:30 a.m.
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A number of indicators are suggesting a recession is on the horizon. That, of course, could have a huge impact on the presidential election — especially if the slowdown arrives during or close to autumn 2020.

Usually, when the economic outlook gets ominous, the White House begins taking steps to ward off a recession. In the Washington Post today, economist and former Biden advisor Jared Bernstein outlines how this would normally work.

Trump appears to be going in a different direction.

The White House is playing down concerns about the economy, while casting about for a scapegoat other than Trump for voters to blame if things go bad. Increasingly, that scapegoat looks to be Federal Reserve Chair Jay Powell.

TPM’s Tierney Sneed covers Trump’s latest attack on Jay Powell here.

Key Coronavirus Crisis Links

Josh Marshall’s Twitter List of Trusted Experts (Epidemiologists, Researchers, Clinicians, Journalists, Government Agencies) providing reliable real-time information on the COVID-19 Crisis.

Johns Hopkins Global COVID-19 Survey (most up to date numbers globally and for countries around the world).

COVID-19 Tracking Project (updated data on testing and infections in the U.S.).

Worldometers.info (extensive source of information and data visualizations on COVID-19 Crisis — discussion of data here).

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