David Stockman Debates Steve Moore on the Trump Economy: ‘There Is No Trump Boom’

RUSH EXCERPT:

BURNETT: "Tonight a huge mess. There were only 20,000 jobs added in the United States last month. That fell short of every single economist estimate. It’s the worst number since September of 2017. Outfront now David Stockman frormd budget director under Ronald Reagan and under peak Trump the undrainable swamp. And Steven Moore, author of Trump nomices. I don’t need to explain who is what side. David start with you. The Bloomberg said the big miss is a shock and the dawn of a long forecast slowdown."
STOCKMAN: "Well, I think one month doesn’t mean anything. They get revised all the time it’s a lot of noise but I lack at the trend. Trump has had 26 monthly record carts. Average gain 199,000 jobs. The last 26 months of Obama. Average gain, 215,000 jobs. There’s been no acceleration. There is no Trump boom. The only thing that’s happening is the business cycle is getting older and and we’re near the end. In other words, we’re month 116. The record is 119 in the 1990s when it was a better economic environment. We are heading for a recession. And we have had policies that are upside down in terms of where we should be going. Trump inherited a $70 oh billion deficit for this year. That’s bad ten years into a recovery."