The Democrats need a recession plan

It's time to show they've learned from Obama's mistakes

Donkey looks at stock exchange.
(Image credit: Illustrated | Chainarong Prasertthai/iStock, bazilfoto/iStock, JOHANNES EISELE/AFP/Getty Images)

There has been talk of a possible recession on the horizon for a while now, but recently the signs have become even more pronounced. A number of indicators suggest the onset of an economic downturn before next year's election is more and more likely, from the inverted yield curve to record levels of corporate debt, not to mention an increasingly volatile stock market. A survey conducted earlier in the summer by Duke University found that 7 in 10 CFOs from around the world believe that a recession will hit by the end of 2020, while Morgan Stanley analysts recently predicted that, if the trade war with China continues, we'll be in a recession within nine months.

The simple fact is, more than a decade removed from the 2008 financial crisis, we are due for a recession and, while it is impossible to say whether this will come before or after 2020, voters and candidates alike should accept that it is coming.

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Conor Lynch

Conor Lynch is a freelance journalist living in New York City. He has written for The New Republic, Salon, and Alternet.