Mr. Trump, What About That Economy?

2020 will be a mandate on how the economy is doing and how the American people are doing economically.

You would think that if the economy is as good as Trump use to brag about then he would be beating his chest about how damn good it is and that his policies were the fire that started this good burn.

In case you are new and have not been keeping up I have a little reminder of how this economy is really doing…..not the bluster of bullsh*t from some deluded toad and his lackeys….but real facts.

Let me help…….https://lobotero.com/2019/08/15/the-economy-stupid/

What bout all those beautiful jobs and factory re-openings and good times had by all?

It seems the the manufacturing sector is having a bit of a slide……

A gauge of U.S. manufacturing showed the lowest reading in more than 10 years in September as exports dived amid the escalated trade war.

The U.S. manufacturing purchasing managers’ index from the Institute for Supply Management came in at 47.8% in September, the lowest since June 2009, marking the second consecutive month of contraction. Any figure below 50% signals a contraction.

The new export orders index was only 41%, the lowest level since March 2009, down from the August reading of 43.3%, ISM data showed.

https://www.cnbc.com/2019/10/01/us-manufacturing-economy-contracts-to-worst-level-in-a-decade.html

How about all those steel mills that would be re-opening?  That was another economic promise. 

It seems that this sector is not as stable thanx to Trump….

Louisiana is the latest state to see a steel mill close due to President Donald Trump’s tariffs.

“Hundreds of Louisiana steelworkers are finding out they no longer have a job. This comes as Bayou Steel “unexpectedly” shut down its mill in LaPlace on Monday.

Now, 376 people are looking for new work.

Bayou Steel transports and makes steel beams and other similar products. They also collect industrial scrap for recycling. Company officials say the mill will be permanently closed on November 30, and sent out a WARN letter to parish and state officials Monday. That letter cited ‘…unforeseen business circumstances and the inability to secure necessary capital’ for the closure….

Steel Mill In State That Voted For Trump Closes Suddenly, Leaving Hundreds Jobless

Trump’s economic adviser stated that “Manufacturing is strong as a rock”….maybe they misspoke and meant that it is sinking like a rock.

Then there is all the talk about how well the sanctions Trump has imposed is doing for the country…..really?

The Trump administration has made sanctions a key part of its foreign policy arsenal, placing enormous economic pressure on nations like North Korea and Iran in a bid to force concessions in negotiations with the United States. But is there real evidence that this tactic works?

The U.S. government, it turns out, can’t be sure. A new report released by a government watchdog this week found that although the agencies that implement sanctions track their economic impact, they do not measure whether the sanctions achieve their aim in forcing a target to change its behavior.

https://outline.com/V5rVXb

Finally, what about the federal deficit under the Trump presidency?  Well thanks for the Trump tax cuts the deficit is approaching $1 trillion…that is trillion with a “T”…….

The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday.

The difference between federal spending and revenue has only ever exceeded $1 trillion four times, in the period immediately following the global financial crisis.

The deficit, which has grown every year since 2015, is $205 billion higher than it was in 2018, a jump of 26 percent.

The CBO has warned that the nation’s debt is on an unsustainable path. Higher levels of debt increase borrowing costs, make it harder for the government to battle economic downturns and increase the share of future spending devoted to paying off interest costs.

https://thehill.com/policy/finance/464764-federal-deficit-estimated-at-984b-highest-in-seven-years#.XZvfoTG5TFN.twitter

If the 20320 election will truly be about the economy…then should not this stuff be making the news?

Just asking but I already know why….do you?

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6 thoughts on “Mr. Trump, What About That Economy?

  1. I actually doubt that the outcome of the 2020 election will depend on people’s opinions about the economy. I rather think it has come down to ‘picking sides’, and that those on each side will remain entrenched in their beliefs.
    Best wishes, Pete.

    1. Agree. Even if the economy produced a million$ for every man , woman and child the Trump haters would still not vote for him. Tariff War has some negative effect but Trump only president to confront China and effect behavior change. Things would really pick up if democrats would vote for US-Mex-Can deal but they won’t let Trump have success which is at the expense of the American workers for whom they claim to advocate.

      1. Carl it is not the Dems..Trump’s policies suck for the average person trying to make a living…..of course they will hate…just like the haters of Obama, Bush, Clinton….matters not they do not care about the country just their wrapped ideas of success. chuq

  2. It is beginning to look as if Warren will be the Democratic nominee. That would be a tough and close race, assuming Trump will still be in office this time next year. My magic ball that predicts the future has not been working well of late. I am about to give up on predictions altogether. Wait and see and try to prepare for whatever may happen has become my new guidline.

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