trump's economy failing; worse than Obama's last 3

14 charts that SHOW
the US economic recovery
is stumbling

Source: https://tinyurl.com/ybkej5cf

 This includes the DOW being down 7.5% in 2020

The effects from Trump's presidency won't really be seen until the future.  Trump's tactic is to erode the solvency of the country while trying to weaken the dollar.  He's been having trouble weakening the dollar, which is why he's been tweeting about it numerous times.  He wants to advertise to other countries it's cheaper to do business with him.  He spends more per deal but the increased volume is worth it.  I wish Americans knew that we want a strong dollar.  Did you know it weakens your purchasing power when the value is reduced?  In addition to that, exporting makes up around 13% of our GDP.  We're an importing country and companies are forced to spend more money on importing goods.  That expense is passed to consumers so companies don't have their bottom line affected.  Worse than that, the tax bill was so detrimental to the future and Republicans intentionally didn't tell you what it does.  We will be printing devalued money because we're reaching a tipping point for debt.  It's not just about paying interest on debt or running the annual deficit of a trillion.  It's that we are eventually flooding the market with a supply of currency that doesn't match the demand for it.  Also, did you know that revenue from GDP actually went down in 2019?  I'm afraid it's true.  A Republican felt the need to brag to me about roughly $150 billion raised in taxes and showed me the link.  There are benefits to a Republican being president, though.  Consumer confidence is higher and that helps people spend their money more freely, including investing.  I already think another massive housing crash is in store anyway.  So Trump's fiscal moves may exacerbate the situation when everything comes to fruition.  I suppose it would be hilarious and I'll get the opportunity to tell everyone that I told them it would happen.  I have no sympathy.  Trump's presidency indicates Americans support being self-centered and to possess no empathy or decency.  Therefore, expressing compassion for people who are best compared to filthy animals would clearly be misguided.

Ahhhhhh yes, so by that logic, the Italian PM "allowed " the virus to spread in his country.... the English PM " allowed " the virus to spread in his country.   ... Need I go on FUBAR ? ....  the eurozone has acted w lots of stimulus as well.....

Yet, another failure of an argument by you.  But that's par for the course 

[Quote: Originally Posted by fubah2:
According to 157 presidential analysts/scholars.
Ranking of modern Presidents. Links at bottom.

New York (CNN Business)
The Federal Reserve left interest rates unchanged near zero in its monetary policy
update Wednesday, and it once again reiterated that the economic recovery
will depend on the path of the virus.

"The ongoing public health crisis will weigh heavily on economic activity,
employment, and inflation in the near term, and poses considerable risks
to the economic outlook over the medium term," the central bank said.

"On balance it looks like the data are pointing to the slowing in pace in the recovery."

Powell again stressed that much of the burden of the pandemic crisis
was borne by minorities and women, as well as low-wage earners.

Source: https://tinyurl.com/y6pqy6wg
*NOTE: This is a LINK to the originating article. TinyURL is a "web utility" to shorten
longer urls.....It's NOT a political opinion site or news site...Just wanted to make this
clear so that nobody starts running amuck, all "confused"........... again.

America's economy (under donald trump)
just had its worst quarter on record !!!

BREAKING NEWS:  CNN Business
Updated 8:34 AM ET, Thu July 30, 2020

(CNN Business) The US economy contracted by 32.9% between April and June,
its worst drop on record, the Bureau of Economic Analysis said Thursday.

Business ground to a halt during the pandemic lockdown in the spring of this year,
and America plunged into its first recession in 11 years, putting an end to 
the longest economic expansion in US history (which began with Obama)

A recession is commonly defined as two consecutive quarters of declining GDP
— the broadest measure of the economy. But this is no ordinary recession!
The combination of public health and economic crises is unprecedented, and
numbers cannot fully convey the hardships millions of Americans are facing.

The pandemic pushed the US economy fell off a cliff.
The GDP drop was nearly four times worse than during the peak of the financial
crisis, when GDP fell 8.4% in the fourth quarter of 2008.

The US only began keeping quarterly GDP records in 1947, so it's difficult to
compare the current downturn to the Great Depression.
That said, in 1932 the US economy contracted 12.9%.

trump's economy being hit in the markets as

all three major indices are DOWN sharply

Senate cancels hearing for Republican Anthony Tata,
Trump's Pentagon pick who called Obama a terrorist

USA TODAY

WASHINGTON – The Senate Armed Services Committee Thursday
abruptly canceled the confirmation hearing for retired Brig. Gen.
Anthony Tata, a controversial pick to be the No. 3 official at the Pentagon.

"There are many Democrats and Republicans who didn’t know
enough about Anthony Tata to consider him for a very significant
position at this time,” Inhofe said in a statement.

Trump has nominated Tata for the policy post.
Tata, a Fox News commentator,
once called former President Barack Obama a “terrorist leader.”

Tata’s military career ended after investigators determined he'd 
had extramarital affairs,  a crime in the military justice system.

So he is a "military criminal" and trump nominates him

United States has just passed through the worst economic quarter in modern American history.

The rightists will say this is Obama's economy. For them, it is only Trump's economy when it is doing well. 

I was wondering who would be the 1st to post this obvious statistic.   Would it have made a difference if q2 GDP was 50% below year  ago levels..... how about 75% !!!

The point is clear .  Unless you were living under a rock in March, April,  and most of May.... you would understand why the number was so bad.  And , yes, we were all living under a rock for almost all those 3 months..... lol. 

Obamacare at its most popular it's ever been?

A poll found that Obamacare is at its most popular it's ever been
 among the American public since it was signed into law by
President Obama almost a decade ago.

Navigator Research poll found that 54% of Americans expressed favorable
views of the program. Around 31% of the public said they had unfavorable
views and 9% responded they didn't know.

The net favorability — or the gap between favorable and unfavorable views
— stood at +23, a 22-point increase since the group last asked the question
in June 2019.
The results stood at 46% favorable vs. 45% unfavorable then.
The national survey was conducted online and relied on answers from 1,000
registered voters.

Another poll released last Friday from the Kaiser Family Foundation,
a nonpartisan health research organization, mirrored those results.
Its ongoing survey tracking public attitudes toward the Affordable Care Act
found 55% of Americans supported it, a record high. Only 37% opposed it.

Source: https://tinyurl.com/y37sjxl2
*NOTE: This is a LINK to the originating article. TinyURL is a "web utility" to shorten
longer urls. It's NOT a political opinion site or news site. Just wanted to make this
clear so that no harrassing-troll embarasses himself........... again.

things were booming. now it goes in the shitter and its trump's. Give me an exact date when it became trumps economy please???????????? 

You're just upset I noted the disaster because you don't have the balls to admit things will get worse before they get better. 

And once again a Democratic president will have to cleanup a mess made by a Republican president. 

Maybe you're familiar with being under a rock but many of us have not stopped living.

I really understand that this is not the place to go to converse about economics.  There are a lot of better forums online for this.  

But I really wish people understood economics better on here, and as a citizenry in general.

Things I assume folks know and understand— they simply do not.  

I think that is why the people are so easily influenced by the media and their numbers.  

The key word to look up today is: annualized. 

A mess made by this President, or a mess made by a pandemic?

It's a good Q,

but the facts pretty much speak for themselves...

Example: South Korea -- which is right next door to CHINA! --

got their first case of the covid-19 contagion

on the same day as USA...and yet here's how it was handled:

South Korean death toll =         301

American deaths = 153,311+ (per Johns Hopkins)

Source: https://www.worldometers.info/coronavirus/

South Korea's good job in handling coronavirus has lead to faster recovery of economy.  Unlike Trump, leaders of many countries enjoy high approval ratings in government response to pandemic because they listen to the advice of public health experts.   US has 4% of world population but 25% of all coronavirus cases!  In election year, Trump desperately tries to sell the delusion of rapid economic recovery by ignoring science.   However push to reopen US economy prematurely has been a disaster.  Over the past week, US death toll from coronavirus averages over 1000 people a day, compared with just 4 deaths per day in Germany where life is closer to returning to normal.   Indicators show economic recovery is stalling in the US as coronavirus cases surge out of control.  For example, rising unemployment claims.  So little or no improvement in US economy despite extra deaths.  It gets worse as false belief in v-shape recovery lead to pandemic relief benefits expiring prematurely.

Virgin Atlantic files for bankruptcy in the US

CNN Business, Tue August 4, 2020

Global air travel isn't expected to fully recover from the downturn

until 2024,

according to the International Air Transport Association, which represents 290 airlines.
The group blamed the sluggish recovery on several factors,
including a lack of consumer confidence, the decline in business travel,
and fresh coronavirus spikes in the United States and elsewhere.

Source:  https://tinyurl.com/y2yquj7r

Another 1.2 million Americans filed
for unemployment benefits last week

Thu August 6, 2020

Thursday’s report reflected the twentieth straight week that new claims
topped 1 million, as the pandemic forced furloughs and layoffs across the
country. Since the week ended March 20, more than 55 million 
individuals filed for new unemployment insurance claims.

First-time jobless claims peaked at 6.9 million in the last week of March and then
declined for four months.
But around mid-July, they reversed directions and rose again.
That's not a good look for a labor market that desperately needs to recover after
millions of workers were displaced by the pandemic.

Those numbers are only regular jobless benefits and don't include the
pandemic assistance the government rolled out over the past months.

On Wednesday, the closely watched ADP National Employment Report showed
private payrolls rose by a meager 167,000 in July. Consensus economists
had expected private employers added back 1.2 million payrolls.

Source: https://tinyurl.com/y4bwgata