It’s not especially remarkable that House Democrats once summoned fellow liberal Donald Trump to Capitol Hill to testify about the alleged adverse effects of Ronald Reagan’s 1986 tax reforms.
What is somewhat remarkable is that this clip wasn’t dug up by a conservative opposition research team, but rather by Trump’s own campaign— which proceeded to blast it out into the public bloodstream as evidence that “Mr. Trump” is an all-caps EXPERT on economic matters. And what conclusion did his “expertise” produce? I’ll let Trump answer that question in his own words. Again, this comes via Trump’s social media director, who — ta da! — can’t vote for his boss today because he’s not a Republican:
Most interesting is the tail end of the video. The 1991 recession was the mildest one we have had in our lifetimes. Yet Trump declared it was at that time not a recession, but a Depression!
As Wikipedia notes: After the lengthy peacetime expansion of the 1980s, inflation began to increase and the Federal Reserve responded by raising interest rates from 1986 to 1989. This weakened but did not stop growth, but some combination of the subsequent 1990 oil price shock, the debt accumulation of the 1980s, and growing consumer pessimism combined with the weakened economy to produce a brief recession.
This video is quite informative about Trump.