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Subj: Re: Agreed...
Posted: Thu Jun 06, 2019 at 04:48:56 am EDT (Viewed 297 times)
Reply Subj: Re: Agreed...
Posted: Wed Jun 05, 2019 at 02:08:05 pm EDT (Viewed 257 times)
Quote:He's doing a great job. The Economy is booming. Jobs prospects are great. He's dialed back America's overseas military endeavours. He's attempting to sort out the border issue (despite the Democrats). He's tough on trade with China.
Dialing back the military intervention is great, but saying ythe economy is "booming" is somewhat inaccurate.
It came out just a few days ago that the manufacturing index is the lowest it has been in a decade.
This is actually a world wide trend right now, which is why I am starting with it, this is not necessarily about Trump, but the inaccuracy of the statement. I doubt he could cause this trend.
It is actually part of why GM closed plants, including the one in Ohio the president tried strong arm them into keeping open. They were getting ahead of a trend that caused a lot of problems in Germany.
Also last Christmas season retail was at its lowest for the season in almost a decade, and February the worst month for it since the Great Recession.
It actually has gone up, except apparel retail an evergreen, but still is not where it should be given the economic indicators.
The China Tariffs are causing all kinds of problems in the agriculture sector. The government even stepped in with assistance ... but only the the largest earners.
However unemployment is the lowest since the late 60s. No not ever, if that were the case they would trace it back to the 50s when they came up with the current measure.
While that trend did start under Obama, it remained steady even arching up a bit.
So it is fine-ish. Probably should keep an eye ion it, especially since there is more toxic debt in the financial sector than in 2007, but it is fine,
Of course, Trump has caused a lot of disruption in the stock market, leading to three newsworthy drops... but any good economist would tell you the stock market is not the real economy... but it can effect it.
AS for standing up to China... yeah not a bad thing. However China doesn't really have the same care for its people as Americans. There is a good chance they will let their people suffer to gain supremacy on the world stage.
Of course, pulling out of Paris agreement handed them that in green energy,,, a very real future economic powerhouse.
But I digress, the problem, is forcing a conflict in this way may, not will, push us further into a corner. I don't know if it will, and neither do you. We may have theories. But only time will tell.