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.
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….
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.
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.
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?
“I Read, I Wrote and now You Know”
Lego Ergo Scribo”