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Friday, October 30, 2026Oct 30

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Cooper: Predicting economic doom

The opening bell of Nasdaq, a stock market index which set an all-time high recently, is celebrated late last month.
The opening bell of Nasdaq, a stock market index which set an all-time high recently, is celebrated late last month. The opening bell of Nasdaq, a stock market index which set an all-time high recently, is celebrated late last month.

If you predict it every year, sooner or later the United States will have a catastrophic year for hurricanes. If you forecast it regularly, the imminent death of a celebrity is going to occur. If you suggest it often enough, at some point the United States will have a downturn in the economy.

Democrats and their media partners – the ones who don’t credit former President Barack Obama for the country’s currently solid economy – have been forewarning that the U.S. economy would collapse as long as Donald Trump has been president.

When he was elected, New York Times economist/commentator Paul Krugman said the markets would never recover.

“[W]e are very probably looking at a global recession, with no end in sight,” he wrote in the early morning hours after the election. “[O]n economics, as on everything else, a terrible thing has just happened.”

The drumbeat continued apace, with predictions greeting each move the Trump administration made as the beginning of the end of the weak economic recovery from the Great Recession.