https://issuesinsights.com/2019/07/26/warren-predicts-an-economic-crash-her-policies-will-guarantee-it/
Earlier this week Sen. Elizabeth Warren said that an economic crash is right around the corner. She’s right. But it’s her own plan that would bring about the collapse she’s predicting.
Warren says that she sees all the signs of a “coming economic crash” that she — and she alone, apparently — saw before the 2008 financial crisis.
Let’s leave aside the dubiousness of Warren’s self-proclaimed economic forecasting abilities, and the fact that Democrats have been predicting an economic calamity since November 2016.
Here’s her central point:
“The country’s economic foundation is fragile. A single shock could bring it all down,” she proclaimed. To emphasize the point, she made it again. “With a vulnerable economy, we should be reducing the odds of potential shocks that could push us into a downturn.”
If that’s true, then Warren should abandon her entire economic plan. It is rife with massive self-imposed shocks that would destroy one entire industry, throw millions out of work, double the size of the federal government, raise taxes to unheard-of levels, and give Washington effective control over corporate decision-making.