President Obama left with the deficit and the countries debt around $500 Billion..... With Trump0 and the Republicans cutting income thru the 2017 tax cut and two years of budget increases with their then majority congress the gap in spending vs revenue has widen by almost … [Read more...] about US Budget deficit climbs to almost the last recession level….
Recession
U.S. consumer spending dropped last month….
People gotta stop pushing the American economy is doing fine... It isn't.... U.S. consumer spending sunk in September by the lowest rate in seven months, according to data released Wednesday by the Commerce Department. Sales of retail goods and food services sank 0.3 … [Read more...] about U.S. consumer spending dropped last month….
Trump people say a recession IS coming…But it will be short?
How 'short' do they think? 10 minutes, a week, 6 months? (They have no idea) Can you believe this??? Even they KNOW the American consumer is in for rough time.... And Donald Trump IS on record as saying Americans will have to suffer thru it.... In public, … [Read more...] about Trump people say a recession IS coming…But it will be short?
Stock Market take’s another drop on recession worries….
People have been warning about a US Economy down turn for the last 6 months.... It is NO secret... The markets have been jittery looking at Trump's trade war actions.... (There is a weakness around the planet also due the trade war also) A tax cut that wasn't , a … [Read more...] about Stock Market take’s another drop on recession worries….
Bankruptcies rise….
Great Economy? More like a creeping slowdown.... According to data released last week by the ABI, US bankruptcy filings surged by 3 percent in July 2019 from July 2018. A total of 64,283 filings were reported for July, up from 62,241 for July 2018. And if the trend … [Read more...] about Bankruptcies rise….
Is Trump’s border wall shutdown about to drop the nation’s economy?
Donald Trump has had spectacular mess-ups .... Casino's.... A College.... Real Estate Deals.... Isa he now working on the same fate for the American economy? First a tax cut/give away.... Second a oversized budget to go along with it.... Now a prolonged … [Read more...] about Is Trump’s border wall shutdown about to drop the nation’s economy?
Trump to double down with another round of tax cuts?
Crazy shit ? The first tax cut hasn't been a success it was supposed to be for Republicans... Most Americans have seen nothing like the breaks large corporation and the rich have... So? Trump and Co. could be going back to take MORE money from middle and poor … [Read more...] about Trump to double down with another round of tax cuts?