A CNN reporter pushed back on Democratic presidential candidate Sen. Elizabeth Warren (D-MA) on Monday after Warren warned that she believes that an “economic crash” is coming. The reporter claimed that Warren’s big-government policies may actually trigger a “fiscal crisis.”
“I warned about an economic crash years before the 2008 crisis, but the people in power wouldn’t listen,” Warren wrote. “Now I’m seeing serious warning signs in the economy again — and I’m calling on regulators and Congress to act before another crisis costs America’s families their homes, jobs, and savings.”
“Warning lights are flashing,” Warren continued. “Whether it’s this year or next year, the odds of another economic downturn are high — and growing. Congress and regulators should act immediately to tamp down these threats before it’s too late.”
Warren warned about the increasing levels of household and corporate debt in the U.S., while also warning about a manufacturing recession.
Warren’s claims were disputed during a segment on CNN by business reporter Cristina Alesci, who said that Warren is “proposing some solutions that actually might create another crisis.”
“Warren is shaping this conversation in a way that is politically convenient for her,” Alesci said. “As far as her policy proposals, she is recommending lowering rents, offering affordable childcare, offering free tuition at colleges, all of that costs money the American public should be asking, ‘how do you pay for it?'”
“One way would be to increase taxes, another way is to increase government debt,” Alesci continued. “This is the issue that the American people should be actually focused on because many experts say if we don’t get control of our debt over the next 10 years we could be facing a fiscal crisis.”
“The Democratic presidential candidate’s analysis skips some important context about both issues,” CNBC wrote in an analysis over Warren’s claims. “Debt levels appear manageable, at least for now, while there’s scant evidence for a manufacturing recession.”