BLS: Trump Recession looms, Americans less prepared than before Bush Rcession

All Americans need to know as they head to the polls in 2020 is that Democrats are waiting around for, even hoping for our booming economy to tank.

thanks liberals, please keep your wishes and dreams front and center for all to see
 
Getin the ring said:
All Americans need to know as they head to the polls in 2020 is that Democrats are waiting around for, even hoping for our booming economy to tank.

thanks liberals, please keep your wishes and dreams front and center for all to see
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Don't make shit up and pretend it is a known fact. If the economy goes bad, it is workers who suffer. When the economic belt is tightened,the minorities are the first notch. The Dems (Obama) fixed the Bush crash and near 2nd great depression. We are on a 10-year solid growing economy. Of course, Trump is responsible for all of it. He was fixing the economy 7 years before he was elected, What a quiet genius.
 
reagansghost said:
history sez you're a fuckin kook
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She is a terrible Trumplestilskin who makes one-liner drive-by posts backing Trump every time. She brings nothing to the table. She shows a lacking knowledge base and no knowledge of history, even recent history. That is why I think she is about 14.
 
You left off a LOT of recessions snowflake; most with Democrats at the helm. Dishonest hack.

Recession of 1913–1914; Democratic President and Democratic control of the legislature.

Post-World War I recession Aug 1918 – March 1919; Democratic President and Democratic control of the legislature.

Depression of 1920–21; Democratic President and Republican control of the legislature.

Recession of 1937–1938; Democratic President and Democratic control of the legislature.

Recession of 1945; Democratic President and Democratic control of the legislature.

Recession of 1949; Democratic President and Republican control of the legislature.

Recession of 1953; Democratic President and Democratic control of the legislature.

Recession of 1958; Republican President and Democratic control of the legislature.

Recession of 1960–61; Democratic President and Democratic control of the legislature.

1980 recession Jan 1980–July 1980; Democratic President and Democratic control of the legislature.

Early 2000s recession Mar 2001–Nov 2001; Democratic President and Republican control of the legislature.
 
Gonzomin said:
Don't make shit up and pretend it is a known fact. If the economy goes bad, it is workers who suffer. When the economic belt is tightened,the minorities are the first notch. The Dems (Obama) fixed the Bush crash and near 2nd great depression. We are on a 10-year solid growing economy. Of course, Trump is responsible for all of it. He was fixing the economy 7 years before he was elected, What a quiet genius.
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The Democrats never fix anything you dishonest, lying partisan hack. Obama led the worst recovery in the history of the Republic and added ten trillion to the National debt as a result.
 
Gonzomin said:
She is a terrible Trumplestilskin who makes one-liner drive-by posts backing Trump every time. She brings nothing to the table. She shows a lacking knowledge base and no knowledge of history, even recent history. That is why I think she is about 14.
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:lolup:Willful idiot thinks he has knowledge and adds substance to the debate. :laugh:
 
Loving91390 said:
Pick Bernie and the economy crashes .....
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The economy is already crashing.

Atlanta Fed predicts just 1.5% GDP growth this quarter.

Worst jobs report in 10 years.

Market has grown less than 3% since the start of the Russia Tax Cut.

None of the manufacturing jobs that Trump "brought back" are in the same industries that lost them, nor are they being created in the same places; in fact, a YUGE chunk of the "manufacturing jobs" are not in durable goods, but craft beer and wine.

In the Race for Manufacturing Jobs, the Midwest Isn't Winning
https://www.nytimes.com/2019/06/13/business/economy/trump-manufacturing-jobs.html
 
Empire State manufacturing index posts largest-ever drop into negative territory

The numbers: The New York Fed’s Empire State business conditions index took a sharp turn for the worse in June, falling into negative territory for the first time in more than two years.

The Empire State manufacturing index plummeted 26.4 points to negative 8.6 in June, the New York Fed said Monday. That’s a record decline. Economists had expected a reading of positive 10, according to a survey by Econoday.

Any reading below zero indicates a contraction in activity. The last time the index was negative was in October 2016.


https://www.marketwatch.com/story/e...op-into-negative-territory-in-june-2019-06-17
 
One oft-cited statistic points to just how unstable the finances of most Americans are: nearly 40 percent of households could not withstand an unexpected expenditure of $400 — the cost of just one medical bill or car repair.
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nothing new here..although savings rate did tic up a bit
 
Still, there are some signs of hope for the counties that the group rates as the most economically distressed quintile. Collectively, they lost factory jobs throughout the Obama administration, but they added more than 20,000 during Mr. Trump’s first two years, with the biggest gains in the Southeast, including Tennessee, the Carolinas, Arkansas and Georgia.
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Obama lost 200k manufacturing jobs and claimed they were not coming back without a "magic wand"
 
LV426 said:
After dropping like a rock following every single tax cut in the last 40 years.
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don't even talk to me with your voodoo economics.. you need to cite and make a case before I begin to take you seriously.
But Americans just don't save much anymore other then forced retirement etc.
 
dukkha said:
Obama lost 200k manufacturing jobs and claimed they were not coming back without a "magic wand"
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Let's talk about those "manufacturing jobs" Trump supposedly "brought back"...

1. None of them are in the industries that lost the manufacturing jobs.

2. None of them are even in the same states and municipalities that lost them.

3. A significant part of those manufacturing jobs don't actually produce durable goods! A massive part of the growth of "manufacturing" is thanks solely to marijuana, craft beer, and wine.

4. The "manufacturing jobs" Trump has "created" on average pay the same or less than the jobs that were lost.

In the Race for Factory Jobs Under Drumpf, the Midwest Isn’t Winning
https://www.nytimes.com/2019/06/13/business/economy/trump-manufacturing-jobs.html
 
dukkha said:
don't even talk to me with your voodoo economics
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You stupidly thought for 40 years that if we cut taxes for the rich and their pet corporations, that it would trickle down prosperity on the rest of us.

You, personally, were saying in December 2017 that if we passed the Russia Tax Cut, wages would grow by $4,000-$9,000.

Your strategy seems to be to initially support bad policy, then project that onto others in an act of bad faith.

What a fraud.
 
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