Oh so brand-conscious Trump now has his very own recession. No, it’s not Obama’s. Trump has ended 128 months of economic growth, before COVID-19 hit. Remember the stock market is not the economy. x The only thing Trump doesn't want his name on: #TrumpRecession. — The Lincoln Project (@ProjectLincoln) June 8, 2020 The U.S. is in…
Category: Recession
Steve Mnuchin gets in Twitter feud with Axl Rose, posts Liberian flag instead of Old Glory
Okay, we are officially in the upside-down. Whoever had “the U.S. treasury secretary gets in a Twitter spat with Guns N’ Roses’ frontman Axl Rose and then posts Liberian flag to show his patriotism” on their apocalypse bingo card wins an extra cookie today. When the clone I use to harvest hair plugs wakes up…
Trump's name will be printed on paper stimulus checks, likely slowing their arrival
Because it’s far more important to give Donald J. Trump credit for doling out cash than to stimulate a cratered economy ASAP, we get this execrable nonsense. The Washington Post: The Treasury Department has ordered President Trump’s name be printed on stimulus checks the Internal Revenue Service is rushing to send to tens of millions of…
Disney World Laying Off Additional 43,000 Workers in Orlando, Gov. DeSantis' Approval Drops 7 Points
The Disney Company will stop paying another 43,000 workers this week, according to USA today. Disney normally employs 79,000 workers in Orlando, Florida but only a staff of 200 will continue to work in the park. ORLANDO, Fla. (AP) — Walt Disney World plans to stop paying wages to 43,000 workers in about a week…
recession coming … 1,032 US dead … Trump: “Congratulations, America!”
The study of national effects is also about subnational regions as comparing NYC to California and Washington shows the relative effectiveness but also some of the problems of density. 2020-2021 will be about subnational, regional recessions. The question will be how largely blue state urban concentrations recover from the pandemic(s). x 1,032 dead in the…
Fox's Trish Regan goes cuckoo for Cocoa Puffs over legitimate coronavirus concerns
This is really something. Most soap opera stars would think this is over the top: x You gotta watch this, I mean……..you just gotta watch pic.twitter.com/x2ZsayVrmv— Andrew Lawrence (@ndrew_lawrence) March 10, 2020 < p class=”is-empty-p”> TRISH REGAN, Fox Business: “The chorus of hate being leveled at the president is nearing a crescendo as Democrats blame…
Fed Makes Emergency Interest Cut to Avert Trump Recession; Stocks Plunge Again
http://www.msn.com/… The US Federal Reserve cut the prime interest rate this morning by 0.5% in an attempt to ward off a recession and market crash due to coronavirus disruptions of the world economy. The Fed lowered its key federal fund rates by half a percentage point to a range of 1% to 1.25%, the central bank…
Fed Panics and Cuts Interest Rate to Avert Trump Recession; Stocks Plunge Again
http://www.msn.com/… The US Federal Reserve cut the prime interest rate this morning by 0.5% in an attempt to ward off a recession and market crash due to coronavirus disruptions of the world economy. The Fed lowered its key federal fund rates by half a percentage point to a range of 1% to 1.25%, the central bank…
Very dumb congressman forgets that recessions almost always start under Republican presidents
Yup. Nine of the last ten U.S. recessions began with a Republican President. Good time for you to, I don't know, shut up. 1953 Republican1958 Republican1960 Republican1969 Republican1973 Republican1980 Democratic1981 Republican1990 Republican2001 Republican2007 Republican — JRehling (@JRehling) February 9, 2020 Honestly, this pervasive, lingering myth that Republicans are great for the economy and Democrats are…
Key manufacturing index drops to lowest level since Great Recession, stocks swoon
And lo, the Eye of Sauron cast its baleful gaze upon manufacturing, and manufacturing did wither. CNN Business: The Dow fell nearly 350 points Monday, as stocks finished sharply lower after a key economic report showed that American factory activity fell for a second month in a row in September. The ISM manufacturing index…
OECD says global economy may be on the brink of recession, thanks to Trump's policies
Don’t look now, but the entire planet could be on the brink of a recession. And guess what. One American idiot is largely to blame. Bloomberg: The OECD projects the world economy will grow just 2.9% in 2019, which would be the lowest forecast since 2009. In 2020, growth is predicted to inch up to…
Poll: Half of Trump voters would blame him for a recession
Donald Trump has taken credit for the Obama recovery ad nauseam, and like the sad Lilliputian he is, he’s now desperately looking for scapegoats in the event the economy goes south. If we enter a recession in the next 18 months, it will be the fault of Jay Powell, or the Democrats, or our Western…
Key manufacturing index signals contraction for the first time since 2009
In the latest indication that Donald Trump’s casino-killing magic has at last gone global, the U.S. manufacturing PMI recently shrunk to its lowest level since September 2009. You’ll recall that Trump has been laser-focused on reviving U.S. manufacturing — just as he was once laser-focused on selling steaks through a mail-order catalog. In other words, he’s…
American Manufacturing Sector Is Already in a Recession.
Did you know that the manufacturing sector of the U.S. economy was already in a recession? Manufacturing fell at a 2.2% rate in the second quarter after a 1.9% drop in the first three months of the year. This is not the dreaded Media trying to rattle Americans. It’s those Trump disloyalists — according to the orange…
U.S. Steel laying off hundreds of workers in Michigan
Donald Trump likes to pretend that the American steel industry is one of the few domestic industries that hasn’t been vigorously wedgied by his tariff regime. Not only has he claimed his tariffs have singlehandedly revived the industry … x In one year Tariffs have rebuilt our Steel Industry – it is booming! We placed a…
Another recession signal flashes red: RV sales are way down
We won’t know for sure that a recession is here until Donald Trump gives credit for the current state of the economy to Barack Obama, but we’ve seen plenty of ill auguries lately, and the “r word” is now on the lips of both economists and ordinary Americans. The inverted yield curve, slowing global growth, wild gyrations…
'He's rattled': Paranoid Trump broods about possible recession
You can tell when Donald Trump is upset about something — his lies and non sequiturs become far more feral, frequent, and surreal. Meanwhile, we all sit back and observe with a mixture of contempt, amusement, and horror — like watching a chimpanzee in a room with several boxes scattered around try to get the banana…
White House insider: 'A lot of us are concerned. Without the narrative on the economy, he can't win'
Donald Trump has always been about fluffing up his non-accomplishments. He once claimed he was worth TEN BILLION DOLLARS, and that he amassed that fortune after receiving a mere pittance in seed money from his well-heeled slumlord dad. But the truth is, his life has really been nothing more than a 73-year-long Trump Steaks ad. There’s…
Trucking activity has dropped off big-league, possibly signaling an economic slowdown
Trucking and shipping are the lifeblood of our economy, just as lard and cheap Christmas fudge are the lifeblood of Donald J. Trump. When any of these slow or clot up, the patient is about to faint. Well, look out, and grab onto your doubloons. As the Fed considers whether to begin cutting rates or…
