The guy who was known for his real estate deals has not much of anything to produce more jobs from construction and manufacturing like he bragged he would do when he got elected..... Worst? His failure to try to help states with the virus has forced those states to move to … [Read more...] about Donald Trump the real estate guy falls short on infrastructure and job promises…
economy
US deficit climbs to record $3.1 trillion in 2020 in response to virus/stimulus spending …
The Covid-19 shutdown's, treatment cost's and economic fallout has had the Federal Government spend YUGE amounts of money it doesn't actually have.... Tax revenue will be short and the government will have to borrow a whole more to cover costs.... On top of that? The … [Read more...] about US deficit climbs to record $3.1 trillion in 2020 in response to virus/stimulus spending …
Trump will NOT sign off on another Stimulus Bill until after the election….
There will be NO additional stimulus bill coming …. Trump has advised he will NOT agree to one… Pelosi and Mbuchin had be working on possible deal but Pelosi was adamant that MORE. money be forth coming for the unemployed and small business…. Trump has been under … [Read more...] about Trump will NOT sign off on another Stimulus Bill until after the election….
Disney Lays Off 28,000 employee’s….
Due to the virus? Travel and crowds are sparse.... For six months, Disney has kept tens of thousands of theme park workers on furlough with full health-care benefits in hopes that a light at the end of the pandemic tunnel would appear. On Tuesday, Disney conceded that none … [Read more...] about Disney Lays Off 28,000 employee’s….
The Stock Market start’s to deal with Reality and drops….
Wall Street was breaking all these records by dancing around the fact's of reality.... Donald Trump.... Pandemic.... Unemployment Numbers North of normal ... Federal deficits at record levels... A Economy that isn't gonna get better anytime soon and probably will … [Read more...] about The Stock Market start’s to deal with Reality and drops….
Democratic Senator’s Schumer and Warren want to forgive 50k of student loan debt…
They would like a President Biden to seriously consider the action, which he COULD do..... It could free up a LOT of money for the economy.... And of course wouldn't hurt Biden 's vote getting efforts... Senate Minority Leader Charles E. Schumer, D-N.Y., and Sen. … [Read more...] about Democratic Senator’s Schumer and Warren want to forgive 50k of student loan debt…
Jobless claims drop 76,000 from last week….
But layoff's continue ..... New claims for state unemployment insurance fell last week, but layoffs continue to come at an extraordinarily high level by historical standards. Initial claims for state benefits totaled 790,000 before adjusting for seasonal factors, the Labor … [Read more...] about Jobless claims drop 76,000 from last week….
Democrats will move to create jobs and increase wages before any tax hikes for the rich…..
No surprise on this.... Bernie Sanders and Elizabeth Warren going after the rich and corporations will have to wait until the economy gets better, if it happens at all... Congress writes the tax code and the politics of the 2022 midterms will kick in early to mid 2022, when … [Read more...] about Democrats will move to create jobs and increase wages before any tax hikes for the rich…..