+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Trump says Democrats want a 'nice, big, juicy recession'

Nov 15, 2019, 22:24 IST

President Donald Trump departs the White House en route AlabamaReuters

Advertisement
  • President Donald Trump sought to shift focus toward the economy Friday as impeachment hearings against him went public for a second day.
  • He repeated the unfounded claim that Democrats wanted the US to enter a downturn.
  • Trump has argued that a strong economy should undermine the impeachment inquiry against him.
  • Visit the Business Insider homepage for more stories.

President Donald Trump sought to shift focus toward the economy Friday as impeachment hearings against him went public for a second day, repeating the baseless claim that Democrats wanted the US to enter a downturn.

"Another Record Stock Market, 21 times this year, despite an ongoing, & totally unfounded, Witch Hunt, & a Democrat Party that would love to see a nice, big, juicy recession," Trump wrote on Twitter, without elaborating. "In actuality, the potential for the United States is unlimited. We will power through the Do Nothing Dems!"

Democrats and Republicans have pushed dueling narratives on impeachment hearings that came into public view for the first time this week. The House of Representatives launched an inquiry into President Donald Trump in September after a whistleblower report said he solicited foreign help to look for information to damage 2020 political rivals.

Several key witnesses are set to testify before the House Intelligence Committee in the coming days as lawmakers investigate military aid that was withheld from Ukraine around the same time that Trump pushed its president to look into the son of former Vice President Joe Biden.

Advertisement

Trump has repeatedly argued that a strong economy should undermine the impeachment inquiry against him.

"How do you impeach a President who has created the greatest Economy in the history of our Country," Trump wrote on Twitter in September.

Hiring and consumer spending have held up better than expected this year, but concerns about the decade-long expansion have emerged in recent months. Trump has attempted to shift blame for those troubles away from his trade war, which economists said has raised prices and stalled investment around the globe.

When a key recession signal flashed in August, Trump blamed Democrats, the Federal Reserve and journalists without evidence.

Now Read: Fed chief signals central bank will defy White House demands for further rate cuts

Advertisement
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article