The unemployment rate remains near historic lows, but the manufacturing jobs Trump promised to return to the Rust Belt have not followed, Look at the GM plant closings. Harley Davisson moving manufacturing to China, Halliburton moving to Saudi Arabia.
Despite Trump’s persistent boast that he saved the coal industry is a lie. The president of the United Mine Workers of America Cecil Roberts said Wednesday its not right. “Coal’s not back. Nobody saved the coal industry.
“I would build a great wall, and nobody builds walls better than me, believe me, and I’ll build them very inexpensively. I will build a great wall on our southern border and I’ll have Mexico pay for that wall.”
Despite Trump’s boast that he personally revived the US steel industry with tariffs, recent layoffs by US Steel and other Rust Belt companies suggest a possible decline in that industry. There are similarly signs of weakness in the manufacturing sector he promised his trade war would revitalize.
CNN’s Cristina Alesci reported this week, the top-line measure for US factory activity contracted in August for the first time in three years. That’s most distressing to some economic forecasters because it could portend a recession and suggest a possible contraction of US manufacturing. “Never a good sign when there are warning signs of a contraction in the factory sector,” said Alliance for American Manufacturing.
In the past few weeks he’s invented a personal relationship between his wife and North Korean dictator Kim Jong Un, moved markets with reports of high-level trade talks that didn’t happen and generally continued his habit of inflating or deflating things to make what comes out of his mouth –Alabama hurricane, False trade talks and miss appropriating funds from the military budget.
The day after he shared the Sharpie-doctored hurricane map to justify his belated suggestion that Hurricane Dorian was headed for Alabama, Trump tried to spin the state of the US economy, which could be his chief concern heading into the 2020 campaign. ”
But details are important things, and economic forecasters have plenty that is concerning them about a potential economic slowdown and whether it will spread like a virus from China and Europe. Federal Reserve economists said Wednesday that trade policy uncertainty (ahem, Trump’s trade war) may have cost the US 1% of gross domestic product growth.
The unemployment rate remains near historic lows, but the manufacturing jobs Trump promised to return to the Rust Belt have not followed as many people in those states have complained.
What about all the American farmers who are losing their Farm Land to lack of China sales?. Trump’s trade war with China keeps farmers from selling their soybeans to China. His trade war keeps Lobster fisherman from selling lobster to China. King Trump kept one promise to change the tax code…He did and it benefits 2% of the America public and 100% of Corporate America. The result is a Budget deficit of 840 Billion dollars is 16 months. Now the rest of the American people will pay the price of Trump’s lies and moronic, childlike behavior.