The Dumpsterfire Economy

[Chicks]

A third of US hotels could disappear: report

https://finance.yahoo.com/news/a-thi...173743714.html

SO MUCH WINNING!

I'd be happy if just the Trump empire hotels disappeared...

[Chicks]

The US is in a 'bad place' compared to China: Private equity legend Glenn Hutchins

https://finance.yahoo.com/news/the-u...192942827.html

China’s top officials are meeting in Beijing on Monday to set plans for how to make the most of the country’s effective COVID-19 response and burgeoning economic momentum, just days after the U.S. spike in coronavirus cases reached a new single-day record.

“We’re in a very bad place with respect to how we manage the pandemic and the economic consequences of it are manifest, and they're going to be long term and they need to be addressed,” he says.

“We're not in a period of recovery — you shouldn't confuse the bounce back as one of recovery,” adds Hutchins, co-founder of Silver Lake Partners and former special adviser to President Bill Clinton on economic and health-care policy.

‘The recession is setting in’

The Chinese economy expanded at 4.9% rate in the July-September quarter, the country announced last week. The growth rate nearly matches the 6.1% expansion that the country reported pre-pandemic for the calendar year of 2019.

Meanwhile, U.S. economic output fell 5.0% in the January-to-March quarter and at a record rate of 31.4% in the April-June quarter, as coronavirus shutdowns forced swathes of the economy to operate at a limited capacity.

Thanks, Donny! MAGA!

[bobabode]

"A sudden drop in the stock market in recent days threatens to muddle President Trump’s campaign message about the U.S. economic recovery, just days before the Nov. 3 election.

The Dow Jones industrial average fell 943 points Wednesday and is down nearly 9 percent since Sept. 2.

The sell-off began two weeks ago but intensified Monday. It has been triggered by a surge in coronavirus cases and the fact that the White House and Democrats are at an impasse over relief talks.

https://www.washingtonpost.com/us-po...k-market-2020/

Great job ya orange hued turd.

Any of you conservos still voting for this dumpster fire and why? If so, WTF is wrong with you?

[Chicks]

Originally Posted by bobabode

Any of you conservos still voting for this dumpster fire and why? If so, WTF is wrong with you?

They're worrying about sex with demons.

https://www.vice.com/en/article/5dpz...ning-for-trump

[RickeyM]

Originally Posted by Chicks

They're worrying about sex with demons.

https://www.vice.com/en/article/5dpz...ning-for-trump

I clicked on that link to find out if they were worried about having sex with demons or not getting to have sex with demons. Still don't know the answer to that one.

[Chicks]

Donny’s GDP numbers are still a bomb

https://finance.yahoo.com/news/trump...152459743.html

Trump has a new “greatest ever” to brag about, in the final days of the 2020 election. But his performance on economic growth is still the worst of any president during the last 50 years.

Yahoo Finance has been tracking the Trump economy compared with six prior presidents, going back to Jimmy Carter in the 1970s. Even with the sharp third-quarter improvement, Trump still has the worst performance on real GDP growth, adjusted for inflation, of any of the seven presidents.

LOSER!

[Chicks]

The Obama-Biden economy outperformed Trump’s

https://finance.yahoo.com/news/the-o...151628436.html

All the sad little Trumpkins voting for his "great" performance on the economy are simply being misled by Faux "News", Linblow and the rest of the State Media liars.

[Chicks]

#DiaperDon will leave office with a historically bad economic record

https://www.cnn.com/2020/12/13/polit...ord/index.html

SO MUCH WINNING!!!!

[Chicks]

Biden's 'rescue plan' could close 10 million lost jobs gap by fall of 2022, Moody's estimates

https://finance.yahoo.com/news/biden...181903486.html

The U.S. job market would recover to its pre-pandemic levels by fall of 2022 if President Joe Biden’s $1.9 trillion ‘rescue plan’ is implemented, according to new estimates by Moody’s Analytics. That would be an entire year sooner than if no more relief is passed.

“We would recover all of the 10 million jobs that were down since the pandemic hit,” Mark Zandi, Moody’s Analytics chief economist, told Yahoo Money. “If we get no more fiscal — if nothing gets through — it's late 2023 before we get back to full employment.”

...because Repubes always destroy the economy, while Dems always build it back up...

[Reason10]

Originally Posted by bobabode

"U.S. economic growth slowed unexpectedly at the end of last year, providing a sharp contrast to the Trump administration’s enthusiastic talk about the economy and putting fresh pressure on the Republican tax bill to deliver in a way few independent analysts say it can.
The economy expanded at an annualized rate of 2.6 percent from October through December, below the 3 percent many administration officials and outside economists had expected.
Altogether, the economy grew 2.3 percent last year, better than the year before, but short of what President Trump has been promising. The report on gross domestic product, a broad measure of economic activity, cut against the recent round of celebration by the president and his aides about the soaring stock market and U.S. companies delivering tax cut-inspired bonuses to their workers." WP

read:https://www.washingtonpost.com/busin...=.822a3858b6e3

Despite Herr Drump's 'pie in the sky' projections...

Obama Virus did all the damage



Trump policies created the greatest economy of all time.

https://www.newsmax.com/finance/geor.../05/id/919096/


Employment: PBS News Hour confirmed that this is the best labor market since 1969 with low unemployment, more jobs and rising wages.
GDP: Trump is the first president to have GDP consistently higher than 3%, President Barack Obama was only the president to fail to achieve one year of 3% GDP growth.
Wages: The Washington Post even surrenders to the fact that Trump is the first president to improve wages in a generation where income is at an all-time high.
Stock Market: CNN says the stock market has roared more than 40% since Trump’s election.
Gas and Fuel Prices: Gas prices are low in most U.S. states that don't over-tax fuel with local and state taxes. Many states have $2.15 per gallon gasoline right now. Gas prices may fall this summer according to the latest news.
Ethnic Employment Success: The employment success for all ethnicities is at record high. Obama had difficulty creating jobs and many people gave up looking for work.
Manufacturing Jobs: Manufacturing jobs are back in the U.S. for the first time in a generation. Trump created 284,000 manufacturing jobs in 2018. Forbes implied that millions of manufacturing jobs were lost during Obama’s first 2 years in office. Some 1 in 6 were lost between January 2008 and March 2010 and Obama never got those jobs back.
Taxes and Regulatory: Corporate taxes were cut from 35% to 21%. America moved from worst tax system up to one of the most competitive in the world under Trump’s first 2 years in office. Lower tax rates allow U.S. companies to spend more money, buy more assets, pay more employee benefits, buy stock back to put money on Main Street and into state coffers, and even help pay better dividends to seniors who live paycheck to paycheck.
Nasdaq: The Nasdaq stock market value finally exceeded the 1999 prices under Trump. This implies that companies were stagnant for 18 years until Trump took office.
Level the Playing Field: With a mixed bag of tax-code improvements, removal of red tape, new trade agreements, and competitive tariffs, the U.S. economy is more insulated from failure. Even the Federal Reserve is willing to lower rates if other countries harm the U.S. trading environment.