The recession can't be avoided. Nether candidate can stop this recession from taking place. The federal reserve has worked hard for years to postpone it, and nobody knows exactly how long that'll last. Since 08 they have conducted the largest, most unprecedented monetary experiment the world has ever seen in history, with massive amounts of quantitative easing, artificially low interest rates, all in order to reinflate the bubble economy. It will pop, and there's nothing Trump or Hillary can do to undo the damage that's been done. You can deport all the illegal immigrants you want, and it won't undo any of it.
Just remembering various news headlines since the economic crisis of 2008 began, would we agree that the low interest rates are to assist banks in lending...and keeping the economy in circulation with currency, whereas if interest rates were normal, banks would not be able to lend due to the damage done to their balance sheets by mortgage backed securities?
If that is the case, then the economy or any bubble isn't the issue. The issue is bank liquidity and how long will it take for the federal reserva system of banks to return to a healthy solvency.
Well yes, it is to assist the banks to continue lending. But the problem is the bubble itself which is caused by artificial credit expansion by the Fed. It's what allows reckless behavior. Too much lending, too much debt, too much wild speculation on Wall Street. It's all fun till reality hits. I'm in the camp of people that say that many of the banks should've been allowed to fail. I don't buy into the idea that this would've been the end of the world. Things would be tough for a short period, people would naturally start to save money again, and eventually a better banking model could emerge and due to savings people can borrow again. In a healthy economy, borrowing comes from savings. In this economy, borrowing came from artificial credit created out of thin air. Overconsumption of resources in the present combined with what some economists would call "malinvestments" leads to an eventual crash or at least recession.
The Fed now has backed itself into a corner. They could raise interest rates or do more QE. Either way lots of damage has been done.
