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Millionaire Bill Maher "Hoping" For Economic Disaster To Oust Trump
06-09-2018, 09:06 PM,
Millionaire Bill Maher "Hoping" For Economic Disaster To Oust Trump
Millionaire Bill Maher "Hoping" For Economic Disaster To Oust Trump

<p>HBO host Bill Maher, who makes <a href="">$6 million/year</a> on top of his estimated $100 million net worth, would love nothing more than an economic collapse in order to "get rid of Trump." </p>

<p>"this economy is going pretty well," Maher said (total jobless claims remain the <a href="">lowest they've been in 44 years</a>, for example) before telling political commentator Shermichael Singleton “<strong>I feel like the bottom has to fall out at some point. <u>And by the way, I’m hoping for it</u>.</strong> Because I think <strong>one you get rid of Trump is a crashing economy.</strong> So please, bring on the recession. <strong><u>Sorry if that hurts people,</u> but it’s either root for a recession  or you lose your democracy</strong>.”</p>

<p><iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="" width="560"></iframe></p>

<p>Maher, a multi-millionaire, would hardly be affected if the economy crashed, unlike millions of low and medium income Americans whose lives would be immeasurably worse if the HBO host's dreams come true.</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/63cab93ec2061a8b6679dea2417578fa_1.jpg?itok=Hhx21QtB" data-link-option="0" href=""><img data-entity-type="file" data-entity-uuid="5751c8e2-fb4b-4eb3-8128-57302c9bad7b" data-responsive-image-style="inline_images" height="375" width="500" srcset=" 1x" src="" alt="" typeof="foaf:Image" /></a></p>

<p><strong>For example, Maher could continue to attend Dominus</strong> - an elite $75,000 / year <a href="">members-only sex club</a> that requires a "blood oath" to join. </p>

<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">Bill Maher said last night:<br /><br />
“I hope for a recession to get rid of Trump. Sorry if that hurts people”<br /><br />
The left would like to America fail just so they can blame Trump for the suffering</p>
— Charlie Kirk (@charliekirk11) <a href="">June 9, 2018</a></blockquote>

<blockquote class="twitter-tweet" data-cards="hidden" data-lang="en">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">“I feel like the bottom has to fall out [of the economy] at some point, and by the way, I’m hoping for it."<br /><br />
"I think one way you get rid of Trump is by crashing the economy. So please, bring on the recession.” <a href="">#ApexOfLiberalSanity</a> <a href=""></a></p>
— James Woods (@RealJamesWoods) <a href="">June 9, 2018</a></blockquote>

<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">Anthony Bourdain on New Atheist Bill Maher.<a href=""></a> <a href=""></a></p>
— CJ Werleman (@cjwerleman) <a href="">June 8, 2018</a></blockquote>

<p>As we noted earlier, Bank of America made the case that the only thing that would stop a "nuclear" trade war is <strong>a market crash</strong>, while last week <a href="">Goldman suggested</a> that if President Trump wants to win the brewing international trade war, the market has to tank. </p>

<p>As BofA puts it: </p>

<p><strong>Market discipline could break the spiral. The markets provide immediate and publically observable feedback from investors on the expected effects of policies. </strong>So far, US equities have only had a small negative reaction to news on trade. This has likely emboldened the administration to take a more aggressive stance. But if back-and-forth tariffs with China were to cause a large selloff in US equities, China would probably push harder, knowing that continued escalation would be costly for the US.</p>

<p>BofA escalated the impact of a market crash on the political realm, and writes that, in a similar manner, "<strong>elections clarify the costs and benefits of protectionism. If the Republican party retains control of the House of Representatives and the Senate in November's midterm elections, free-trade advocates in the Republican party may remain reluctant to push back against the President. </strong>The opposite might be true if the Democrats win."</p>

<p>In summary, <strong>BofA sees risks to the view that "cooler heads will prevail" on trade, </strong>and its concern is not so much irrational action, <strong>but that the US and its trading partners could rationally engage in tit-for-tat protectionism, with growing economic costs, in order to test each other's resolve, while markets remain dormant and allow even greater escalation</strong>. Still, the Bank of America economists ultimately remain hopeful "<strong>because market and electoral discipline could break up this dynamic.</strong>"</p>
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