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benson13

The trump/gop Recession.... It's already happening

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Trump says that America should re-elect him in 2020 because he’s doing such a great job with the economy.  Never mind that he’s been caught soliciting and cooperating with foreign interference in elections and obstructing justice, has locked kids in cages, and has been impeached. His foreign policy has also been a disaster. But according to Trump, he’s created “the best economy in history”, and that’s why we should vote for him.

 

Of course, it’s nowhere near the best economy in history, but it’s still a strong economy. At least that’s what most people believe. But is it really? A closer look reveals that the economy isn’t really all that great, and rather than an asset to Trump’s re-election, it should be a liability.

 

We can look at GDP growth numbers that have fallen far short of Trump’s promised 4-6% annual growth and clocked in at just 2.1% in the 4th quarter, similar to 2016 levels. We can look at job growth, which Trump loves to brag about, but has actually slowed since he took office. We can look at the slowdown in consumer spending.

 

But let’s talk about manufacturing. Bringing back manufacturing jobs was one of his top 2016 campaign promises

Trump has said he will revitalize manufacturing in various iterations (i.e. "I’m going to be the greatest jobs president God ever created") and laid out how in his June 28 speech on the economy.

"I am going to withdraw the United States from the Trans-Pacific Partnership (and) I’m going tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers," he said. "I will use every lawful presidential power to remedy trade disputes, including the application of tariffs."

Guess what? Not only has he failed to deliver, but right now, manufacturing is in the midst of a recession.

America's manufacturing downturn isn't letting up. Factory activity contracted for the fifth consecutive month in December, registering a worse drop than expected.

The Institute of Supply Management's manufacturing purchasing managers' index logged its lowest level since June 2009 at 47.2, compared with the consensus forecast of 49. It stood at 48.1 in November. Any number below 50 denotes a contraction.

Often, the president is given undeserved blame or credit for the performance of the economy under his watch. But this recession can be traced directly to Trump’s policies. His trade war is a major culprit. 

Last week, the Federal Reserve argued in a paper that import tariffs hurt US manufacturing. "A positive effect from import protection is offset by larger negative effects from rising input costs and retaliatory tariffs," it said.

This is the Trump Recession. Never mind forecasts of whether or not there will be a recession in 2020. The Trump Recession is happening right now

Worse, that slowdown in manufacturing is hitting places Trump needs to win. Unemployment is rising in Ohio and Pennsylvania for the last six months, albeit from low levels, and manufacturing employment is slowly eroding through the Midwest, including Michigan and Wisconsin. Trade policy is a big reason why, and its fingerprints are all over today’s GDP report.

And that’s not the end of the bad news for Trump. The job numbers Trump has been touting are misleading. While there are a lot of people working, 57 million American workers are part of gig economy. That’s more that 1/3 of all employed Americans.  Gig economy jobs don’t provide benefits such as health insurance. It’s also hard to argue that Trump is in any way responsible for the creation of these jobs.

 

Trump has been the most divisive president ever, he’s up to his eyeballs in corruption, and he’s damaged America’s standing in the world. He has no choice but to run on the economy. But Democrats should not let him get away with it. We’re in the midst of the Trump Recession, and we make sure voters know it.

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1 minute ago, benson13 said:

Trump says that America should re-elect him in 2020 because he’s doing such a great job with the economy.  Never mind that he’s been caught soliciting and cooperating with foreign interference in elections and obstructing justice, has locked kids in cages, and has been impeached. His foreign policy has also been a disaster. But according to Trump, he’s created “the best economy in history”, and that’s why we should vote for him.

 

Of course, it’s nowhere near the best economy in history, but it’s still a strong economy. At least that’s what most people believe. But is it really? A closer look reveals that the economy isn’t really all that great, and rather than an asset to Trump’s re-election, it should be a liability.

 

We can look at GDP growth numbers that have fallen far short of Trump’s promised 4-6% annual growth and clocked in at just 2.1% in the 4th quarter, similar to 2016 levels. We can look at job growth, which Trump loves to brag about, but has actually slowed since he took office. We can look at the slowdown in consumer spending.

 

But let’s talk about manufacturing. Bringing back manufacturing jobs was one of his top 2016 campaign promises

Trump has said he will revitalize manufacturing in various iterations (i.e. "I’m going to be the greatest jobs president God ever created") and laid out how in his June 28 speech on the economy.

"I am going to withdraw the United States from the Trans-Pacific Partnership (and) I’m going tell our NAFTA partners that I intend to immediately renegotiate the terms of that agreement to get a better deal for our workers," he said. "I will use every lawful presidential power to remedy trade disputes, including the application of tariffs."

Guess what? Not only has he failed to deliver, but right now, manufacturing is in the midst of a recession.

America's manufacturing downturn isn't letting up. Factory activity contracted for the fifth consecutive month in December, registering a worse drop than expected.

The Institute of Supply Management's manufacturing purchasing managers' index logged its lowest level since June 2009 at 47.2, compared with the consensus forecast of 49. It stood at 48.1 in November. Any number below 50 denotes a contraction.

Often, the president is given undeserved blame or credit for the performance of the economy under his watch. But this recession can be traced directly to Trump’s policies. His trade war is a major culprit. 

Last week, the Federal Reserve argued in a paper that import tariffs hurt US manufacturing. "A positive effect from import protection is offset by larger negative effects from rising input costs and retaliatory tariffs," it said.

This is the Trump Recession. Never mind forecasts of whether or not there will be a recession in 2020. The Trump Recession is happening right now

Worse, that slowdown in manufacturing is hitting places Trump needs to win. Unemployment is rising in Ohio and Pennsylvania for the last six months, albeit from low levels, and manufacturing employment is slowly eroding through the Midwest, including Michigan and Wisconsin. Trade policy is a big reason why, and its fingerprints are all over today’s GDP report.

And that’s not the end of the bad news for Trump. The job numbers Trump has been touting are misleading. While there are a lot of people working, 57 million American workers are part of gig economy. That’s more that 1/3 of all employed Americans.  Gig economy jobs don’t provide benefits such as health insurance. It’s also hard to argue that Trump is in any way responsible for the creation of these jobs.

 

Trump has been the most divisive president ever, he’s up to his eyeballs in corruption, and he’s damaged America’s standing in the world. He has no choice but to run on the economy. But Democrats should not let him get away with it. We’re in the midst of the Trump Recession, and we make sure voters know it.

Butthurt thread fail.   

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7 minutes ago, benson13 said:

Trump has been the most divisive president ever, he’s up to his eyeballs in corruption, and he’s damaged America’s standing in the world. He has no choice but to run on the economy. But Democrats should not let him get away with it. We’re in the midst of the Trump Recession, and we make sure voters know it.

VOTERS!!!! You are in a recession you are just too stupid and gainfully employed to know it! We already said you were too stupid to be trusted with the November election, prove us wrong idiots!!

 

No doubt a winning message. 

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8 minutes ago, benson13 said:

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You pray for the destruction of your country's prosperity.

One simple reason.    Your hate.   Your pathological hate for Trump. 

How sad.    Look what you have morphed into.  How very, very sad.

 

have a nice day...…………..(loser)……………..😎

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1 hour ago, benson13 said:

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The Republican Party has been depending on the greedy rich, the rednecks, and our undemocratic election laws for decades, and it this depraved minority has given us the corrupt Republican Congress, and put the Traitor Trump in the WH!!!

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Penisepolis aka benson and his childish memes

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Today's "Super Bowl," should be a reminder to all Americans that the Traitor Trump whitewashing by the Republican Senate was one super-bowl of a cover up!!!

 

lyejwBmuAI79ZiKXR6V_Ebe8IvXUIpmy8XUS2GbQ

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These idiots have been screaming recession for 3+ years now. 😂

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Just now, Persepolis said:

Today's "Super Bowl," should be a reminder to all Americans that the Traitor Trump whitewashing by the Republican Senate was one super-bowl of a cover up!!!

 

lyejwBmuAI79ZiKXR6V_Ebe8IvXUIpmy8XUS2GbQ

The coverup is the coup attempt against a duly elected president of the United states. 

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