The Trump Labor Dept. is out with a glowing view of the American economy days before the 2018 Midterm elections….
Below the surface there does seem to be cracks developing that very well signals a economic downfall is brewing….
There’s plenty of good news — today’s jobs report showed unemployment holding at a stunning 49-year low, for instance. But look closer, and visible threats suggest an all-out recession could come as soon as next year.
Democratic Socialist Dave says
Well, Paul Ryan and Mitch McConnell and Donald Trump promised us that cutting the crippling taxes on business would stimulate investment and growth (rather than paying off shareholders and executives with stock buybacks), didn’t they ?
They lied and to support Trump, who has most of what he touches turn to shit….
The tax cut/give away has been a flop with the general public who KNOWS they got their pockets picked by Trump and his buddies in Congress….
Steal from the poor…
Give to the Rich!
The U.S. economy grew at an annual rate of 3.4% in the third quarter, a slightly slower pace than the initial reading of 3.5%, thanks to downward revisions in exports and consumer spending, the Commerce Department said on Friday.
The big picture: Even with this lower revision and slower growth expected in the current quarter, the full-year economic growth is still estimated to hit 3% — the fastest rate since 2005….