Dr. Jason Johnson discusses how President Trump attempts to avoid the possibility of an economic crisis with panel members Michael Hiltzik (Los Angeles Times) and host, Lawrence O’Donnell.
Professor of Political Science. Politics Editor for The Root. Latest Book: Political Consultants and Campaigns: One Day to Sell
Dr. Jason Johnson discusses how President Trump attempts to avoid the possibility of an economic crisis with panel members Michael Hiltzik (Los Angeles Times) and host, Lawrence O’Donnell.
Dr. Jason Johnson discusses the woes of the Trump administration amidst global turmoil and fear of a recession. Other panel members are Betsy Woodruff (The Daily Beast), Michael Steele (Former RNC Chair), and host, Chuck Todd.
Dr. Jason Johnson discusses the woes of the Trump administration amidst global turmoil and fear of a recession. Other panel members are Betsy Woodruff (The Daily Beast), Michael Steele (Former RNC Chair), David Ignatius (The Washington Post), and host, Chuck Todd.
The Center for Economics and Business Research has just announced their newest breakdowns of the biggest economies on planet Earth and guess what they said? The United States is still the biggest economy on the planet (a mixture of producers, consumers and available income) but to top it off they predict the U.S. economy will stay on top until 2020 at the very least.
USA! USA! USA! Rrrrooooowwwwww!!! (tongues wagging crazily like our whiny liberal friend Matt Damon in Eurotrip)
Now in and of itself: What difference does it make that some other think tank full of economists has told us that America is still going to be chugging or gasping along economically for another decade or so? It speaks volumes about the silly nature of many of the political conflicts that have been occurring this country over the last calendar year.
Remember when the most important thing in the universe was that the United States credit rating was downgraded due to political gridlock and bickering in Washington?
Remember when GOP candidates were saying that they would bludgeon Obama about the credit downgrade?
Believe it or not despite the rhetoric of sudden deficit hawks and members of the GOP, the U.S. economy continues to chug along more or less unaffected by what we were all told were catastrophic calamities just 3 months ago.
Now I’m not about to pull a John McCain and suggest that “The fundamentals of the U.S. economy are strong.” But, it’s clear that unemployment numbers, massive income inequality and shrinking social services are not a good sign. However, the CEBR report suggests that our economy probably has the fundamental structure to fix itself and that American robustness is still in place – and should be heading strong into 2020. If we could only get the Republicans and Democrats in the House and Senate to agree upon a plan – and then have that plan enforced by the president – we just might live up to the somewhat positive economic forecasts that have been laid out for us. Don’t squander it, Washington.
This article originally appeared online at Politic365.com.
Hiram College professor Jason Johnson was interviewed by Russia Today on the issue of turmoil and volatility in global financial markets.
Jason Johnson, an author and professor of political science at Hiram College, thinks the US recovery will largely depend on reestablishing investor confidence.
“One of the things you have to remember is that much of these assessments are based on what people believe, as opposed to the realities on the ground,” he told RT. “The companies that have lost value over the last two days or two weeks, these companies are magically not working anymore. It’s just the people’s confidence that is at an all-time low. If confidence stays low, we will see another recession. If confidence improves, the economy will improve.”
But Johnson said there is still a catch.
“The only problem with debt is when someone actually wants to call it in,” he said. “Most of the US debt right now is owned by China. China is not about to reclaim the State of Virginia, they are not about to reclaim New York City by calling in their debts. They primarily want to see America improve. So if legislation can be passed in the US, if the president can restore some control and instill some confidence in our future economy, the debts are less of a problem then people’s inertia and inability right now to get the economy moving.”
Johnson said US Vice President Joe Biden’s recent visit to China might have a chance of restoring Asian investors’ confidence in the US economy.
“It depends on what kind of deals he is going to offer,” he stated. “The fact of the matter is right now, the US is 14 months away from a presidential election. This is the time when markets tend to get skittish anyway because they don’t know who the new leadership will be. If Joe Biden can convince China that Barack Obama is going to get reelected and therefore will actually be able to enact some of the promises in any deal that Biden presents, I do think China will buy in.”
Click here to watch Dr. Jason Johnson discuss global financial markets on Russia Today.
Dr. Jason Johnson is a professor, political analyst and public speaker. Fresh, unflappable, objective, he is known for his ability to break down stories with wit and candor. Johnson is the author the book Political Consultants and Campaigns: One Day to Sell, a tenured professor in the School of Global Journalism & Communication at Morgan State University in Baltimore, Maryland and Politics Editor at TheRoot.com. Dr. Johnson has an extensive public speaking and media background ranging from … [Read More...] about About Jason Johnson