The Dumpsterfire Economy

[Chicks]

U.S. cruises toward record-breaking debt on Trump's watch

https://www.politico.com/story/2018/...records-651929

The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.

Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.

[bobabode]

"More jobs are being created in Democratic counties than GOP strongholds that voted for President Trump in 2016, according to an Associated Press analysis, contradicting the president's assertions that jobs are "flooding back" into economically vulnerable areas that voted him into office.
The news service found that 58.5 percent of the significant job gains touted by Trump were concentrated in areas that backed Democratic presidential nominee Hillary Clinton in 2016.
The AP also found that 35.4 percent of Trump counties have lost jobs in the past year, compared to 19.2 percent of Clinton counties.

The most significant job gains have occurred in the counties that include liberal cities Houston, Dallas, Los Angeles, Las Vegas and Seattle, according to the AP."

http://thehill.com/policy/finance/40...ublican-report

Wait! Whut?

[whell]

Originally Posted by bobabode

"More jobs are being created in Democratic counties than GOP strongholds that voted for President Trump in 2016, according to an Associated Press analysis, contradicting the president's assertions that jobs are "flooding back" into economically vulnerable areas that voted him into office.
The news service found that 58.5 percent of the significant job gains touted by Trump were concentrated in areas that backed Democratic presidential nominee Hillary Clinton in 2016.
The AP also found that 35.4 percent of Trump counties have lost jobs in the past year, compared to 19.2 percent of Clinton counties.

The most significant job gains have occurred in the counties that include liberal cities Houston, Dallas, Los Angeles, Las Vegas and Seattle, according to the AP."

http://thehill.com/policy/finance/40...ublican-report

Wait! Whut?

Of course, the other way to look at this is that Obama told us that those jobs were "never coming back". And look - they're coming back.

https://www.marketwatch.com/story/he...ong-2018-08-03

Oh, and from that same article:

Brookings compiled a list of the top 10 states by contribution to 2016-2017 national manufacturing job growth. Only two states listed, California and Illinois, did not vote for Donald Trump.

The chart is in the linked article.

[bobabode]

Originally Posted by whell

Of course, the other way to look at this is that Obama told us that those jobs were "never coming back". And look - they're coming back.

https://www.marketwatch.com/story/he...ong-2018-08-03

Oh, and from that same article:

Brookings compiled a list of the top 10 states by contribution to 2016-2017 national manufacturing job growth. Only two states listed, California and Illinois, did not vote for Donald Trump.

The chart is in the linked article.

Did you wash your hands after pulling that out of your hind end, Mike?

[bobabode]

"U.S. workers' paychecks are worth less than they were a year ago, the labor department reported Friday, as modest wage gains have failed to keep pace with inflation.
Inflation rose 2.9 percent from July 2017 to July 2018, the Labor Department said, while average hourly pay increased 2.7 percent over the same period.
The lack of real wage gains comes despite a strong economy, with sustained growth and an unemployment rate of 3.9 percent -- one of the lowest levels in decades." WP

https://www.washingtonpost.com/busin...=.a14decf805b7

I thought the Naranja Shartcannon said we were going to be soooo tired of winning. If you're going backwards, it sure don't sound like winning to me.

[Ike Bana]

Originally Posted by whell

Of course, the other way to look at this is that Obama told us that those jobs were "never coming back". And look - they're coming back.

And look what happens to other jobs when the antics used to get jobs to come back actually bring a few jobs back.

Ford loses $1 Billion and prepares for Massive Layoffs.

[mpholland]

Originally Posted by Ike Bana

And look what happens to other jobs when the antics used to get jobs to come back actually bring a few jobs back.

Ford loses $1 Billion and prepares for Massive Layoffs.

I work in the manufacturing field, building climate control systems for server and clean rooms. Material costs have hit us also. While I won't argue that the tariffs have cut into corporate profits, it seems the restructuring would probably be happening anyway. Ford has admitted that it will be aimed at the salaried sector of their company of which they have "too many layers". Also, it seems many of the layoffs will be in the global, not domestic arena. I see a lot more to the condition of the auto industry woes than tariffs. My Super Duty (Lariat diesel) had an MSRP of 37,745 in 2007. I will never be able to replace it as a new one now costs 67,540. That MSRP isn't much different than the pre-tariff 2018 model.

[bobabode]

https://features.propublica.org/trum...a-city-khafif/


Effing pirates. All of them deserve to be locked up for a good long time including daddy's little girl Ivanka and her tax dodging husband Jerrod.

[whell]

Originally Posted by Chicks

U.S. cruises toward record-breaking debt on Trump's watch

https://www.politico.com/story/2018/...records-651929

The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.

Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.

And yet, Debt to GDP or 2017 was VERY SLIGHTLY less than it was in Barry's last fiscal year. Still to high, and needs to come way down. We'll see what 2018 brings.

https://tradingeconomics.com/united-...nt-debt-to-gdp

[Chicks]

Originally Posted by whell

We'll see what 2018 brings

Will you believe the inevitable? Per your puppet-master, the press is the enemy of the people, so surely they will lie to you, no?