Trump White House may spark recession: Meg Whitman

[CajunBlazer]

Hewlett Packard Enterprise (NYSE:HPE) CEO Meg Whitman said Friday Republican presidential front-runner Donald Trump 's policies could send the U.S. economy spiraling into recession and would increase the national debt and deficit.

"His ... plan to put on a 35 percent tariff for goods imported into the United States from Mexico and China would sink this country into a recession," she told CNBC's "Squawk on the Street." "It would penalize global companies who are trying to be competitive globally."

Whitman served as national finance co-chair for New Jersey Gov. Chris Christie 's failed bid for the Republican nomination. She called Christie's endorsement of Trump "an astonishing display of political opportunism."

"Donald Trump is unfit to be president. He is a dishonest demagogue who plays to our worst fears. Trump would take America on a dangerous journey. Christie knows all that and indicated as much many times publicly," Whitman said in a statement following the endorsement.

Trump White House may spark recession: Meg Whitman

[ffr]

1. It would be a brief recession though

Because he'd tank the U.S. economy, financial & real estate markets so badly, it'll make George Bush look like Paul Volcker by comparison.

[Kip Humphrey]

2. "It would penalize global companies who are trying to be competitive globally."

This could be a commercial FOR tRump! There is anger out there and the elites are totally clueless.

[CajunBlazer]

5. You do understand that a global recession would hurt everyone, right?

Especially those at the bottom of the economic ladder. During a recession rich folks may lose a little money, which they usually get back later. Poor people lose their jobs and their ability to keep their families fed and sheltered and they never recover what they have lost.

[Kip Humphrey]

6. You do understand that not everyone recovered from the great recession, right?

[CajunBlazer]

8. Of course, and your point is...?

[Yavin4]

18. Check back in with me when you're paying $20,000 for a smart phone

or $5000 for a pair of pants. We all benefit more from global trade than you are aware of.

[Populist_Prole]

10. In YOUR opinion

And of the plutocrats that have profited from wage arbitrage abroad.

If the rentier class lose their asses from curtailment of "trade" with China, It would be absolute poetic justice.

As to the crocodile tears for "poor people" existing from the few crumbs thrown to them from the rentier class: They were gainfully employed before their jobs were exported.

[marmar]

3. Meg Whitman does know a thing or two about tanking finances.

http://www.thestreet.com/story/12015701/1/its-painful-to-watch-meg-whitman-fail-so-miserably-at-hp.html

[Johonny]

4. Given his Health care reform policy is a crimp note of thigs rattled off on Sean Hannity over the

past 8 years how can I disagree. Trump seems ready made for any lobbyist to dump their prewritten fantasy doctrine into law. He doesn't have any policy base of his own. He doesn't care if they might work. He doesn't feel the pain of them. He's W only ten times worse.

[freebrew]

7. Brilliant deduction...

maybe she should run for president...or be a corporate CEO.

Like I needed a dumbass to tell me this, esp. Whitman.

[CajunBlazer]

9. Wow, just wow!

What are your financial credentials?

[freebrew]

13. How about 53 years...

being a victim of this lop-sided system...I started when I was 12.

I can read, remember history and even cipher(calculus series).

I know Ms. Whitman had done 'wonders' for HP during her tenure...

[CajunBlazer]

14. In other words you have no financial background

That's what I thought.

[freebrew]

15. Got a point?

and what would that have to do with my post?

Trolling?

[CajunBlazer]

16. I'm simply questioning whether you understand the financial situation

given your lack of credentials in the area.

[freebrew]

21. Then why didn't you say that...

instead of trying for a 'gotcha' moment?

And what would your credentials be to question mine?

Go ahead, make something up, we're on the internet.

[CajunBlazer]

23. That's easy...

While obtaining my MBA at UAB (University of Alabama at Birmingham) I was selected to join Omicron Delta Epsilon - the economics academic honor society. Is that good enough?

Let's just say that I have enough of a background in economics to know when others are obviously confused about some aspects of the subject.

[freebrew]

24. No confusion...

My (original) comment was about Whitman.
She ran HP into the ground after she was somehow hired as CEO.

Nothing to understand. It was Whitman.
Not really sure what you're on about or why I need some certification to criticize an idiot.

[CajunBlazer]

25. You are confused

Whitman formally served as president and chief executive officer of eBay from 1998 to 2008 and is credited with building Ebay into the giant it is today. So she had an excellent record when she was hired to be CEO of HP. I would credit Carly Fiorina with true originator of HP's problems.

[freebrew]

27. DAmn...

you are correct.

nevermind.

[KamaAina]

12. She did run for governor of California

Jerry Brown mopped up the floor with her.

[Brother Buzz]

17. All that time, I thought she was auditioning for Dancing with the Stars

[KamaAina]

19. Thread win!

[KamaAina]

11. Now what on Earth would make her think that?

[tabasco]

20. That's a rosy scenario.

What a Trump presidency would create is depression, war and misery for the American people.

[pampango]

22. Coolidge and Hoover tried Trump's tariff ideas. FDR understood Trump's ideas don't work. If all they

produce is a 'recession' we might be lucky. The aftermath of Coolidge and Hoover was worse than that.

[nykym]

26. plan to put on a 35 percent tariff for goods imported into the United States from Mexico and China

Hmmmm lets see now like Trump's signature line of clothing...