signalmankenneth (01-15-2019)
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Apparently, Trump's shutdown could destroy the decade long Obama economic recovery.
Jamie Dimon says shutdown could reduce economic growth to zero this quarter if it continues
Jamie Dimon, the J.P. Morgan Chase CEO who has been bullish on the U.S. economy, said the partial government shutdown could wipe out growth from the world's biggest economy.
"Someone estimated that if it goes on for the whole quarter, it can reduce growth to zero," Dimon told reporters on a media call to discuss fourth-quarter results. "We just have to deal with that. It's more of a political issue than anything else."
Dimon, who is also chairman of the Washington, D.C.-based Business Roundtable, said that while the "underlying statistics for the economy globally are not bad," the bank will be prepared for the eventual downturn.
https://www.cnbc.com/2019/01/15/jami...continues.html
signalmankenneth (01-15-2019)
Build the fucking wall then
“The Communist party must control the guns.”
― Mao Tse-tung
“Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin
“Everything under heaven is in utter choas; the situation is excellent.”
― mao tse-tung
cancel2 2022 (01-16-2019), Truth Detector (01-15-2019)
cancel2 2022 (01-16-2019)
Phantasmal (01-16-2019)
cancel2 2022 (01-16-2019)
Phantasmal (01-16-2019)
cancel2 2022 (01-16-2019), Truth Detector (01-15-2019)
cancel2 2022 (01-16-2019)
“The Communist party must control the guns.”
― Mao Tse-tung
“Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin
“Everything under heaven is in utter choas; the situation is excellent.”
― mao tse-tung
cancel2 2022 (01-16-2019), Truth Detector (01-15-2019)
The press and their base care more about government bureaucrats than they do small businesses and the American worker.
The anti-Trumper's new mantra:
“B-b-but muh White supremacy”
Sailor (01-15-2019), Truth Detector (01-15-2019)
cancel2 2022 (01-16-2019)
cancel2 2022 (01-16-2019), Truth Detector (01-15-2019)
The shutdown and any resultant economic damage to the decade-long Obama Economic Recovery is totally the responsibility of your Fat Orange Pig.
Even the White House knows the government shutdown is causing serious economic problems for the US
The US economy is taking a hit from the partial shutdown of the federal government and even the White House thinks it may be even worse than originally estimated.
After a tweak to the internal White House model, the administration now expects that the shutdown will deduct 0.13 percentage points from quarterly GDP for every week the closure persists, a White House official told INSIDER
https://www.businessinsider.com/gove...stimate-2019-1
cancel2 2022 (01-16-2019)
Shutdown’s Economic Damage Starts to Pile Up, Threatening an End to Growth
WASHINGTON — The partial government shutdown is inflicting far greater damage on the United States economy than previously estimated, the White House acknowledged on Tuesday, as President Trump’s economists doubled projections of how much economic growth is being lost each week the standoff with Democrats continues.
The revised estimates from the Council of Economic Advisers show that the shutdown, now in its fourth week, is beginning to have real economic consequences. The analysis, and other projections from outside the White House, suggests that the shutdown has already weighed significantly on growth and could ultimately push the United States economy into a contraction.
https://www.msn.com/en-us/news/us/sh...cid=spartandhp
cancel2 2022 (01-16-2019)
Polls Show Americans Overwhelmingly Blame Trump for His Economy-Damaging Government Shutdown
A Washington Post/ABC News poll released on Sunday found 53 percent of respondents believe that Trump and Republicans are "mainly responsible" for the shutdown, while only 29 percent blame Democrats in Congress.
A CNN poll conducted by SSRS, also released on Sunday, indicated that 55 percent of adults surveyed believe Trump bears primary responsibility, while 32 percent point the finger at Democrats.
https://www.msn.com/en-us/news/polit...cid=spartandhp
cancel2 2022 (01-16-2019)
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