{"id":1623026,"date":"2022-08-26T11:04:51","date_gmt":"2022-08-26T15:04:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1623026"},"modified":"2022-08-26T11:05:07","modified_gmt":"2022-08-26T15:05:07","slug":"america-wouldnt-be-in-a-recession-now-if-wed-stuck-with-trump-stephen-moore","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/america-wouldnt-be-in-a-recession-now-if-wed-stuck-with-trump-stephen-moore\/","title":{"rendered":"America Wouldn\u2019t Be in a Recession Now If We\u2019d Stuck With Trump: Stephen Moore"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Famerica-wouldnt-be-in-a-recession-now-if-wed-stuck-with-trump-stephen-moore%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1623026&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Stephen Moore, former economic adviser to the Trump White House, told Newsmax in a recent interview that he\u2019s convinced that if former President <a href=\"https:\/\/www.theepochtimes.com\/t-donald-trump\">Donald Trump<\/a> had been reelected for a second term, America\u2019s economy would not now be in what he described as a \u201cmild <a href=\"https:\/\/www.theepochtimes.com\/t-recession\">recession<\/a>.\u201d<\/p>\n<p>In the interview <a href=\"https:\/\/www.newsmax.com\/newsmax-tv\/moore-recession-economy\/2022\/08\/25\/id\/1084617\/\">that aired<\/a> on Aug. 25, Moore was asked to comment on the revised gross domestic product (GDP) numbers released earlier in the day, which confirmed that the U.S. economy contracted in the second quarter.<\/p>\n<p>While the number was revised slightly upward to minus 0.6 percent from a prior estimate of minus 0.9 percent, the <a href=\"https:\/\/www.bea.gov\/news\/2022\/gross-domestic-product-second-estimate-and-corporate-profits-preliminary-second-quarter\">government data<\/a> showed that America\u2019s economy experienced negative growth for two consecutive quarters, the common rule-of-thumb definition for a recession.<\/p>\n<p>Even though the two-quarter rule is not the official definition of a recession in the world\u2019s biggest economy, numerous economists\u2014including Moore\u2014have insisted that the United States has, in fact, fallen into a recessionary downturn.<\/p>\n<p>\u201cWe are in a mild recession right now, no question about that,\u201d Moore told the outlet.<\/p>\n<p> <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/Stephen-Moore-1200x716-1.png\"><\/a> Stephen Moore in an interview with NTD\u2019s \u201cFresh Look America\u201d that aired on July 4, 2022. (NTD\/Screenshot via The Epoch Times) \u2018Getting Worse, Not Better\u2019 <\/p>\n<p>What\u2019s more concerning, however, is where the economy is headed, he added, pointing to deteriorating economic data in housing, manufacturing, consumer spending, and business confidence.<\/p>\n<p>\u201cI would have to say that things are getting worse, not better,\u201d Moore said, arguing that if Trump had won reelection and his policies were guiding U.S. <a href=\"https:\/\/www.theepochtimes.com\/t-economic-policy\">economic policy<\/a>, the picture would be reversed.<\/p>\n<p>\u201cI believe that if we had just stuck with the Trump policies, the U.S. economy would be booming right now,\u201d Moore told the outlet.<\/p>\n<p>\u201cThere\u2019s no reason why the U.S. economy isn\u2019t in an incredible skyrocketing fashion, except for the fact that Biden<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stephen Moore, former economic adviser to the Trump White House, told Newsmax in a recent interview that he\u2019s convinced that if former President Donald Trump had been reelected for a second term, America\u2019s economy would not now be in what he described as a \u201cmild recession.\u201d In the interview that aired on Aug. 25, Moore [\u2026]<\/p>\n","protected":false},"author":118,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1623026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1623026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1623026"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1623026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1623026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1623026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1623026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}