First Lady Melania Trump brought glamour to Wall Street when she rang the opening bell of the New York Stock Exchange today ahead of President Trump’s highly anticipated Sept. 24 speech before the U.N. General Assembly.
Mrs. Trump was accompanied to the NYSE by elementary school children from the United Nations International School as part of her “Be Best” initiative.
“Kids are going to get a tour and learn about the great economy under President Trump,” White House press secretary Stephanie Grisham told Fox Business.
Melania’s “Be Best” program is a public-awareness campaign focusing on children’s well-being.
Other first ladies have rung the opening bell at the NYSE before.
In 2012, First Lady Laura Bush did it. And in 2009, Hillary Clinton did so when she was secretary of state.
(Source: Fox 10 Phoenix)
Speaking of the stock exchange, the Trump economy is on fire despite significant economic slowdowns in the rest of the world.
However, the United States is in danger of a downturn because Europe and Asia are struggling. The ongoing U.S.-China trade dispute is also a major risk factor that could dampen the economy.
That said, many Wall Street veterans say the fears of a near-term U.S. recession are overblown. Tim Quinlan, a senior economist at Wells Fargo, is one of them.
“At a time when recession risk dominates most economic discussions, the strength of the U.S. consumer is among the more compelling examples of an economy that is still firing on all cylinders,” Quinlan wrote in a recent report.
Unemployment in the United States is at a record low of 3.7%. And black unemployment tumbled to a record low in August under the Trump administration.
Despite the roaring economy, Trump-haters like comedian Bill Maher are rooting for a recession because they think it would hurt Trump’s chances at reelection.
“I’ve been hoping for a recession. People hate me for it, but it would get rid of Trump,” Maher said in August.
One of Maher’s guests replied: “Recessions are really bad. People lose their jobs and homes, and we shouldn’t wish for it.”
Maher gleefully chirped: “I know. But it’s worth it.”
That’s easy for Maher to say since he’s a multi-millionaire. It won’t be that easy for millions of Americans to weather a recession. Does Bill Maher think that none of his viewers would be hurt by a recession?
Bill Maher: “I’ve been hoping for a recession – people hate me for it – but it would get rid of Trump.”
Josh Barro: “Recessions are really bad. People lose their jobs and homes and we shouldn’t wish for it.”
Maher: “I know. It’s worth it.” pic.twitter.com/Ysc2LhHbs2
— Ryan Saavedra (@RealSaavedra) August 3, 2019
As it is, Maher has been desperately hoping for a recession for the past year. In June 2018, he said he wishes the economy would crash and people would lose their jobs — just to get rid of Trump.
But do anti-Trumpers actually think that a Democratic socialist could navigate the United States through a recession? Trump-haters should also keep in mind that if the U.S. plunges into a recession, it would drag down the rest of the global economy.
Another thing to consider is that financial hardship would probably suppress voter turnout.
For the record, Trump supporters have already shown that they’d gladly wait in line for 40 hours (in brutal heat and torrential rains) to see him.
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