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Winning...the economy under Trump

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6 hours ago, Tweety said:

Yes.  Alaska has a much higher unemployment rate that the mainland states and some economists say they've been in a recession already when oil prices dropped over three years ago.  

Lil Nel has also pointed out in coal country in her state there is still double digit unemployment.  

And a coal mine recently filed bankruptcy, and the workers had their final paychecks bounce.

Mitch McConnell is also fighting the miners, on pensions.

And Kentucky is trying to make It harder, to collect black lung benefits.

There is nothing good about coal.

I also read the other day, that Nissan, plans to layoff 17,000 workers, worldwide.

Their sales are in the toilet.

Car sales in this country, are slowing.

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Auto sales have always seen volatile ups and downs.  One year it's record sales and the next it slumps.  If you dig deeper there are some winners in the auto industry, but as a whole it has been in decline.  

I bought a gently used 2018 a month or so ago.  The 2020 version was about 3 to 4 thousand more.  New cars have gotten so expensive.

https://autoweek.com/article/car-news/new-car-sales-june-2019-winners-and-losers

Other industries are gaining jobs.  The economy changes, needs change, technology changes.  Somehow I stumbled in on a good field in demand.

https://www.cnbc.com/2019/06/07/heres-where-the-jobs-are-in-one-chart.html

Edited by Tweety

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Quote

Benefits from what President Trump called “the biggest reform of all time” to the tax code have dwindled to a faint breeze just 20 months after its enactment.

Half of corporate chief financial officers surveyed by Duke University expect the economy to shrink by the second quarter of 2020. Two-thirds expect a recession by the end of next year.

Economists who have examined the impact of the law say it isn’t helping much with overall growth, business investment or worker pay. The strongest case for its economic benefits is that it remains too early to see them.

 

Tax cuts, overall, a big meh......

https://www.cnbc.com/2019/08/16/trumps-tax-cut-isnt-giving-the-us-economy-the-boost-it-needs.html?__source=sharebar|facebook&par=sharebar&fbclid=IwAR0XeQwE7JZJrSPK_u2-SkKXahZ1m1YTNvg9j17fcpB_VYgl58jZYWsZKeU

Edited by Tweety

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6 hours ago, Tweety said:

Trump says China is paying billions and billions in tariffs and slams the fed.

It's going to be clear that if the economy tanks or even slows in any way and he isn't "winning" it's going to be someone else's fault.

Also, the tariffs are often paid by US companies not just China.

https://www.cbsnews.com/news/trump-tariffs-on-china-who-pays-tariffs-fact-check-billions-statement/

I think that Trump has shown pretty definitively that his voting base is well insulated from facts about Trump's economic shenanigans.  The majority will happily believe whatever Trump tells them. 

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As predicted, the deficit has reached the 1 trillion dollar mark: 

https://apnews.com/69d55e2262d34f6d8934c10705ab0c59

WASHINGTON (AP) — The U.S. government’s budget deficit increased by $169 billion to $1.07 trillion in the first 11 months of this budget year as spending grew faster than tax collections.

The Treasury Department reported Thursday that the deficit with just one month left in the budget year is up 18.8% over the same period a year ago.


There is one part of this article that I think is misleading in that it reports that Trump has imposed tariffs on China. That should read tariffs are imposed on Chinese goods, and that American businesses and consumers are paying them. 

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57 minutes ago, Horseshoe said:

Poisoning the water to show those libs who's Boss. Oh, and to enrich other greedy business owners. 

 

https://www.reuters.com/article/us-usa-epa-water/trump-epa-rolls-back-obama-era-water-protections-to-boost-industry-idUSKCN1VX1XC

 

Next target: wide eyed kittens and puppies.

 

 

Which is why I just have roll my eyes and laugh, whenever a Trumpster insists that Trump is actually doing good things for this country.

How?

By killing you, your children and grandchildren?

The WaPo had a piece the other day, on millions of people displaced due to water issues related to climate change.

Survival is a natural human instinct.

It seems Trumpsters think the Great Moron will somehow protect them from the climate change refugees.

Nope.

And they themselves, stand an excellent chance of being a climate change refugee.

The ignorance and short-sightedness is stunning.

And sad.

 

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