Recession Prophecies Good News for Trump Haters, Bad News for California

“Among 226 economists surveyed by the National Association for Business Economics,” reports Justin Doom of ABC News, “34 percent said a recession would hit the U.S. in 2021, an increase from 25 percent who believed so in February.” This might come as good news to those who believe recession prophecies hurt President Trump’s chances for reelection. Even so, the predictions should stand as a warning to vulnerable states such as California. 
The Golden State’s top one percent of earners provide about half the state’s income tax revenue, the largest source of funding for state government. This makes for high volatility during

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