Monday, January 22, 2018

The Coming Trump Slump

"Trump's tumultuous presidency is damaging the U.S. economy."



https://www.usnews.com/opinion/articles/2017-09-22/donald-trumps-presidency-is-hurting-american-business-and-economic-growth



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Comment on January 24, 2018:  Jobs growth is down, tourism is down, world opinion of the US is down, factories and businesses are shutting down, workers are being laid off, dollar is down......



So far, Trump has been claiming credit for President Obama's economic
expansion.  But as the Trump Slump worsens, he will blame OBAMA.



The Trump Slump is going to be a BAD one.

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So far, Trump has been claiming credit for President Obama's economic
expansion.  But as the Trump Slump worsens, he will blame OBAMA.



Comment added on March 18, 2021: 

His enablers and apologists blame the pandemic for Trump’s
recession. The fact, though, is that other countries treated the
pandemic seriously, unlike Trump, who dismissed it; and then didn’t
suffer the economic ruin Trump heaped on the US.

According to a
report in the Washington Post, based on data from the Federal Reserve,
the US was in a manufacturing “recession for all of 2019.” 

https://tinyurl.com/wdmv4hbr

Even
before that, US News & World Report ran a piece  in September, 2017
about the looming “Trump Slump.”  That is, we SAW the Trump Recession
coming LONG before the pandemic hit.

It wasn’t the pandemic that
wrecked our economy;  it was Trump’s mismanagement of the pandemic. We
saw as early as September, 2017, that Trump’s policies were “damaging
the fundamentals undergirding U.S. economic growth . . . [that he had]
already degraded the nation's business and investment environment.”

https://www.usnews.com/opinion/articles/2017-09-22/donald-trumps-presidency-is-hurting-american-business-and-economic-growth