Warren warns Trump’s policies could lead to another economic crash

As a Harvard professor, Elizabeth Warren rang the alarm bell in the lead up to the 2008 financial crisis. Now a veteran senator, she is ringing that bell again.

Elizabeth Warren has seen this movie before. As a Harvard professor, Warren rang the alarm bell in the lead up to the 2008 financial crisis. Now a veteran senator, she is ringing that bell again. Where President Donald Trump’s sees his tariffs, tax cuts and sweeping deregulatory effort as the cornerstones of an economic agenda for a new “golden age,” the Massachusetts senator sees something far more ominous. “They all create this toxic stew that just takes one more push, and we’re looking at the kind of crash we saw in 2008,” Warren said in an interview this week in her Senate office. Warren doesn’t frame the next crash as imminent but emphasizes the combination of Trump’s economic policies create the conditions for a spiral: The tariffs drive up prices on consumers at the same time businesses hold off on new investments and credit tightens. Consumer debt, which is already rising, soars as regulators dramatically ease crisis-era rules and enforcement priorities. The soaring US debt, exacerbated by Trump’s massive agenda bill, leaves US economic stability in question. Trump and his advisers, of course, dismiss that entire argument. But it’s one Warren wants to detail in full.