Trucking Giant To Declare Bankruptcy

[edward37]

This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get home.

It's being described as a bloodbath.

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways. Before the bush boy all goods were taken to the US border then handed over to our truckers to distribute throughout the nation.

trump's tariff war and canceling of NAFTA have taken a huge toll on the trucking industry. The fact that manufacturing is in recession is also harming the industry. The trucking industry has been in recession for 11 months.

This can't go on without serious consequences and damage to our nation.

An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless

Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy

America's largest truck-engine manufacturer just announced 2,000 layoffs — and it's another sign of the trucking 'bloodbath' that's slamming the $800 billion industry

Truckers are becoming more and more pessimistic about the US economy

Truckers can't pay off their fuel cards — and it's a 'sure sign' that more trucking bankruptcies are coming

And republicans praise the moron in our WH?? For shame

 

[depotoo]

This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get home.

It's being described as a bloodbath.

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways. Before the bush boy all goods were taken to the US border then handed over to our truckers to distribute throughout the nation.

trump's tariff war and canceling of NAFTA have taken a huge toll on the trucking industry. The fact that manufacturing is in recession is also harming the industry. The trucking industry has been in recession for 11 months.

This can't go on without serious consequences and damage to our nation.

An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless

Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy

America's largest truck-engine manufacturer just announced 2,000 layoffs — and it's another sign of the trucking 'bloodbath' that's slamming the $800 billion industry

Truckers are becoming more and more pessimistic about the US economy

Truckers can't pay off their fuel cards — and it's a 'sure sign' that more trucking bankruptcies are coming

And republicans praise the moron in our WH?? For shame

For shame is his not posting the real reason for their demise. They are certified crooks.

 

[Nostra]

This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get home.

It's being described as a bloodbath.

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways. Before the bush boy all goods were taken to the US border then handed over to our truckers to distribute throughout the nation.

trump's tariff war and canceling of NAFTA have taken a huge toll on the trucking industry. The fact that manufacturing is in recession is also harming the industry. The trucking industry has been in recession for 11 months.

This can't go on without serious consequences and damage to our nation.

An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless

Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy

America's largest truck-engine manufacturer just announced 2,000 layoffs — and it's another sign of the trucking 'bloodbath' that's slamming the $800 billion industry

Truckers are becoming more and more pessimistic about the US economy

Truckers can't pay off their fuel cards — and it's a 'sure sign' that more trucking bankruptcies are coming

Slick Willy signed NAFTA, not Bush.

 

[2aguy]

.3,300-truck Celadon shuttering operations, promises to finish loads and return drivers home
Celadon CEO Paul Svindland blamed multiple factors for the company's demise, including the ongoing legal troubles and expenses surrounding its financial scandal uncovered in 2017 and its debts....

...
The New York Stock Exchange halted trading of Celadon stock in mid-2017 after the company pulled required financial filings.

Celadon pulled the forms after an independent auditor found major discrepancies in the company’s financial reports, with Celadon later reporting that it had overstated its income by as much as $250 million for 2014, 2015 and 2016. The over-reported income was based on an alleged scheme in which former leadership at Celadon sold used trucks at an inflated price to third parties, then bought back the trucks at those inflated prices as a way to avoid recording losses on equipment sales.

The company hasn’t filed quarterly earnings reports for any quarter since late 2017. In its most recent filing, for the first quarter of 2017, Celadon reported a loss of $10 million. The company has since paid a $42 million fine to settle a criminal probe brought by the Securities and Exchange Commission and the Department of Justice. The company also paid $5.5 million to settle lawsuits brought in the wake of its de-listing.
...................

Their crooks doomed the company.

But.....but....GRRRRRR Orange Man Bad.....

 

[satrebil]

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways.

Now wait just a damn minute. Hasn't your side been incessantly screeching that migrants come to work the jobs we DON'T want to work?

Open mouth, insert foot.

 

[Dana7360]

Those who have actually learned about economics, I had to take the classes for my degree in accounting, see several serious indicators that this economy is in trouble. Lowering interest rates can only go so far. It won't put money in the hands of those who drive our economy, the middle class and poor.

It also won't resolve the trade issues America has with other nations.

First thing we can do is get the Canadian and Mexican trucks off our roads. We can very easily and quickly go back to the policy we had for literally decades, not allow foreign trucks on our roads.

We all know that the trade issues are not going to be resolved until after the 2020 election but I don't know if our economy can last that long.

 

[RoshawnMarkwees]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

 

[Theowl32]

Oooh, is this where the left.....try to keep up with this now...

They credit all of the good things in the economy to obama.

They said the economy would tank in 2017 after Trump did away with obama era regulations.

Never did, economy is still going great. The November jobs numbers were outstanding. Oooops, that was all due to obama.

Now, here come these little posts that now claim the economy is doing bad. They cheer for that btw and that indisputable.

However, the economy is doing great and there will always be ebbs and flows with the economy .


Now, anyone should be nervous about the economy with the democrats pushing propaganda like they did in 2006 to capture the House and Senate.

Then they deliberately sabotaged the economy that was going great under Bush till 2006 (unemployment rate is 4.6) and then the democommies took over power in 2007.

Let the stupid left explain these facts. Stupid Mac never does.

2007

• August: President Bush emphatically calls on Congress to pass a reform package for Fannie Mae and Freddie Mac, saying "first things first when it comes to those two institutions. Congress needs to get them reformed, get them streamlined, get them focused, and then I will consider other options." (President George W. Bush, Press Conference, the White House, 8/9/07)
  
  
• August: Senate Committee on Banking, Housing and Urban Affairs Chairman Christopher Dodd ignores the President's warnings and calls on him to "immediately reconsider his ill-advised" position. (Eric Dash, "Fannie Mae's Offer To Help Ease Credit Squeeze Is Rejected, As Critics Complain Of Opportunism," The New York Times, 8/11/07)
  
  
• December: President Bush again warns Congress of the need to pass legislation reforming GSEs, saying "These institutions provide liquidity in the mortgage market that benefits millions of homeowners, and it is vital they operate safely and operate soundly. So I've called on Congress to pass legislation that strengthens independent regulation of the GSEs – and ensures they focus on their important housing mission. The GSE reform bill passed by the House earlier this year is a good start. But the Senate has not acted. And the United States Senate needs to pass this legislation soon." (President George W. Bush, Discusses Housing, the White House, 12/6/07)

2008

• February: Assistant Treasury Secretary David Nason reiterates the urgency of reforms, saying "A new regulatory structure for the housing GSEs is essential if these entities are to continue to perform their public mission successfully." (David Nason, Testimony On Reforming GSE Regulation, Senate Committee On Banking, Housing And Urban Affairs, 2/7/08)
  
  
• March: President Bush calls on Congress to take action and "move forward with reforms on Fannie Mae and Freddie Mac. They need to continue to modernize the FHA, as well as allow State housing agencies to issue tax-free bonds to homeowners to refinance their mortgages." (President George W. Bush, Remarks To The Economic Club Of New York, New York, NY, 3/14/08)
  
  
• April: President Bush urges Congress to pass the much needed legislation and "modernize Fannie Mae and Freddie Mac. [There are] constructive things Congress can do that will encourage the housing market to correct quickly by … helping people stay in their homes." (President George W. Bush, Meeting With Cabinet, the White House, 4/14/08)
  
  
• May: President Bush issues several pleas to Congress to pass legislation reforming Fannie Mae and Freddie Mac before the situation deteriorates further.
  • "Americans are concerned about making their mortgage payments and keeping their homes. Yet Congress has failed to pass legislation I have repeatedly requested to modernize the Federal Housing Administration that will help more families stay in their homes, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow state housing agencies to issue tax-free bonds to refinance sub-prime loans." (President George W. Bush, Radio Address, 5/3/08)
    
    
  • "[T]he government ought to be helping creditworthy people stay in their homes. And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator." (President George W. Bush, Meeting With The Secretary Of The Treasury, the White House, 5/19/08)
    
    
  • "Congress needs to pass legislation to modernize the Federal Housing Administration, reform Fannie Mae and Freddie Mac to ensure they focus on their housing mission, and allow State housing agencies to issue tax-free bonds to refinance subprime loans." (President George W. Bush, Radio Address, 5/31/08)
• June: As foreclosure rates continued to rise in the first quarter, the President once again asks Congress to take the necessary measures to address this challenge, saying "we need to pass legislation to reform Fannie Mae and Freddie Mac." (President George W. Bush, Remarks At Swearing In Ceremony For Secretary Of Housing And Urban Development, Washington, D.C., 6/6/08)
  
  
• July: Congress heeds the President's call for action and passes reform legislation for Fannie Mae and Freddie Mac as it becomes clear that the institutions are failing.
  
  
• September: Democrats in Congress forget their previous objections to GSE reforms, as Senator Dodd questions "why weren't we doing more, why did we wait almost a year before there were any significant steps taken to try to deal with this problem? … I have a lot of questions about where was the administration over the last eight years." (Dawn Kopecki, "Fannie Mae, Freddie 'House Of Cards' Prompts Takeover," Bloomberg, 9/9/08)

Can they explain any of that? Those are the facts.

Here they are again, convincing us that they are the Robin Hoods.

They are the demons people. They are not liberals. We should stop calling them that.

 

[ThunderKiss1965]

This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get home.

It's being described as a bloodbath.

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways. Before the bush boy all goods were taken to the US border then handed over to our truckers to distribute throughout the nation.

trump's tariff war and canceling of NAFTA have taken a huge toll on the trucking industry. The fact that manufacturing is in recession is also harming the industry. The trucking industry has been in recession for 11 months.

This can't go on without serious consequences and damage to our nation.

An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless
Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy

America's largest truck-engine manufacturer just announced 2,000 layoffs — and it's another sign of the trucking 'bloodbath' that's slamming the $800 billion industry

Truckers are becoming more and more pessimistic about the US economy

Truckers can't pay off their fuel cards — and it's a 'sure sign' that more trucking bankruptcies are coming

NAFTA was signed by Clinton you loon and in 2015 any Mexican carrier was allowed to apply to transport across the boarder, guess who was President then ?

 

[georgephillip]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

You're illiterate.
Recognizing similarities between the Trump and Bush economies is not wanting "economic hardship" it's simply acknowledging the inevitable

U.S. consumer debt is now above levels hit during the 2008 financial crisis

"Analyzing growing consumer leverage another way, Mohr said the ratio of debt compared against the U.S. population estimated at 327 million, according to U.S. Census Bureau data, translates to a record per-person debt ratio at $41.77, surpassing the ratio of $41.68 back in 2008.

"Check out: The richest 10% of households now represent 70% of all U.S. wealth"

Trump has done nothing to change rising levels of debt for 90% of all Americans, and that makes the next economic collapse certain at some point.

Who will Trump blame for that failure?

 

[RoshawnMarkwees]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

You're illiterate.
Recognizing similarities between the Trump and Bush economies is not wanting "economic hardship" it's simply acknowledging the inevitable

U.S. consumer debt is now above levels hit during the 2008 financial crisis

"Analyzing growing consumer leverage another way, Mohr said the ratio of debt compared against the U.S. population estimated at 327 million, according to U.S. Census Bureau data, translates to a record per-person debt ratio at $41.77, surpassing the ratio of $41.68 back in 2008.

"Check out: The richest 10% of households now represent 70% of all U.S. wealth"

Trump has done nothing to change rising levels of debt for 90% of all Americans, and that makes the next economic collapse certain at some point.

Who will Trump blame for that failure?

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

 

[georgephillip]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

You're illiterate.
Recognizing similarities between the Trump and Bush economies is not wanting "economic hardship" it's simply acknowledging the inevitable

U.S. consumer debt is now above levels hit during the 2008 financial crisis

"Analyzing growing consumer leverage another way, Mohr said the ratio of debt compared against the U.S. population estimated at 327 million, according to U.S. Census Bureau data, translates to a record per-person debt ratio at $41.77, surpassing the ratio of $41.68 back in 2008.

"Check out: The richest 10% of households now represent 70% of all U.S. wealth"

Trump has done nothing to change rising levels of debt for 90% of all Americans, and that makes the next economic collapse certain at some point.

Who will Trump blame for that failure?

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Wall Street derivatives crashed the global economy in 2008, and they are poised to do the same today (on Trump's watch).

BIS Drops a Bombshell: Four U.S. Mega Banks Are Core of Repo Loan Crisis

"The risks posed by a handful of banks in the derivatives market is even more concentrated.

"According to a quarterly report from the federal regulator of national banks, the Office of the Comptroller of the Currency (OCC), just five banks control 82 percent of the $280 trillion in notional (face amount) of derivatives at the 25 largest bank holding companies.

"Derivatives played a critical role in blowing up Wall Street banks in 2008 and resulted in the largest taxpayer and Federal Reserve bailout of any industry in U.S. history.

"Despite that epic crisis, which produced the worst economic downturn in the United States since the Great Depression, Wall Street lobbyists have continued to stymie meaningful reform and have actually convinced the Trump administration to engage in weakening the inadequate regulations that Congress passed in 2010 under the Dodd-Frank financial reform legislation."

 

[RoshawnMarkwees]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

You're illiterate.
Recognizing similarities between the Trump and Bush economies is not wanting "economic hardship" it's simply acknowledging the inevitable

U.S. consumer debt is now above levels hit during the 2008 financial crisis

"Analyzing growing consumer leverage another way, Mohr said the ratio of debt compared against the U.S. population estimated at 327 million, according to U.S. Census Bureau data, translates to a record per-person debt ratio at $41.77, surpassing the ratio of $41.68 back in 2008.

"Check out: The richest 10% of households now represent 70% of all U.S. wealth"

Trump has done nothing to change rising levels of debt for 90% of all Americans, and that makes the next economic collapse certain at some point.

Who will Trump blame for that failure?

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Wall Street derivatives crashed the global economy in 2008, and they are poised to do the same today (on Trump's watch).

BIS Drops a Bombshell: Four U.S. Mega Banks Are Core of Repo Loan Crisis

"The risks posed by a handful of banks in the derivatives market is even more concentrated.

"According to a quarterly report from the federal regulator of national banks, the Office of the Comptroller of the Currency (OCC), just five banks control 82 percent of the $280 trillion in notional (face amount) of derivatives at the 25 largest bank holding companies.

"Derivatives played a critical role in blowing up Wall Street banks in 2008 and resulted in the largest taxpayer and Federal Reserve bailout of any industry in U.S. history.

"Despite that epic crisis, which produced the worst economic downturn in the United States since the Great Depression, Wall Street lobbyists have continued to stymie meaningful reform and have actually convinced the Trump administration to engage in weakening the inadequate regulations that Congress passed in 2010 under the Dodd-Frank financial reform legislation."

You’re a dishonest hack.
The market issue was a correction. Obama energy policy tanked the economy.

 

[RealDave]

This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get home.

It's being described as a bloodbath.

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways. Before the bush boy all goods were taken to the US border then handed over to our truckers to distribute throughout the nation.

trump's tariff war and canceling of NAFTA have taken a huge toll on the trucking industry. The fact that manufacturing is in recession is also harming the industry. The trucking industry has been in recession for 11 months.

This can't go on without serious consequences and damage to our nation.

An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless

Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy

America's largest truck-engine manufacturer just announced 2,000 layoffs — and it's another sign of the trucking 'bloodbath' that's slamming the $800 billion industry

Truckers are becoming more and more pessimistic about the US economy

Truckers can't pay off their fuel cards — and it's a 'sure sign' that more trucking bankruptcies are coming

Slick Willy signed NAFTA, not Bush.

Jesus fuck you people get stupid ,

NAFTA was negotiated by George HW Bush. He signed it along with the leaders of Mexico and Canada.

The treaty failed to be ratified in Congress thanks to Democrat opposition.

Instead the proposals in NAFTA were written into a bill & it passed both houses of Congress. (passing took fewer votes than ratifying) The Senate passed is veto proof.

Bill Clinton signed the bill.

 

[RealDave]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

You're illiterate.
Recognizing similarities between the Trump and Bush economies is not wanting "economic hardship" it's simply acknowledging the inevitable

U.S. consumer debt is now above levels hit during the 2008 financial crisis

"Analyzing growing consumer leverage another way, Mohr said the ratio of debt compared against the U.S. population estimated at 327 million, according to U.S. Census Bureau data, translates to a record per-person debt ratio at $41.77, surpassing the ratio of $41.68 back in 2008.

"Check out: The richest 10% of households now represent 70% of all U.S. wealth"

Trump has done nothing to change rising levels of debt for 90% of all Americans, and that makes the next economic collapse certain at some point.

Who will Trump blame for that failure?

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Wall Street derivatives crashed the global economy in 2008, and they are poised to do the same today (on Trump's watch).

BIS Drops a Bombshell: Four U.S. Mega Banks Are Core of Repo Loan Crisis

"The risks posed by a handful of banks in the derivatives market is even more concentrated.

"According to a quarterly report from the federal regulator of national banks, the Office of the Comptroller of the Currency (OCC), just five banks control 82 percent of the $280 trillion in notional (face amount) of derivatives at the 25 largest bank holding companies.

"Derivatives played a critical role in blowing up Wall Street banks in 2008 and resulted in the largest taxpayer and Federal Reserve bailout of any industry in U.S. history.

"Despite that epic crisis, which produced the worst economic downturn in the United States since the Great Depression, Wall Street lobbyists have continued to stymie meaningful reform and have actually convinced the Trump administration to engage in weakening the inadequate regulations that Congress passed in 2010 under the Dodd-Frank financial reform legislation."

You’re a dishonest hack.
The market issue was a correction. Obama energy policy tanked the economy.

energy production rose under Obama

 

[RoshawnMarkwees]

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

You're illiterate.
Recognizing similarities between the Trump and Bush economies is not wanting "economic hardship" it's simply acknowledging the inevitable

U.S. consumer debt is now above levels hit during the 2008 financial crisis

"Analyzing growing consumer leverage another way, Mohr said the ratio of debt compared against the U.S. population estimated at 327 million, according to U.S. Census Bureau data, translates to a record per-person debt ratio at $41.77, surpassing the ratio of $41.68 back in 2008.

"Check out: The richest 10% of households now represent 70% of all U.S. wealth"

Trump has done nothing to change rising levels of debt for 90% of all Americans, and that makes the next economic collapse certain at some point.

Who will Trump blame for that failure?

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Obama energy policy caused the economic problems.
Period.
You’re a dishonest partisan hack.

Wall Street derivatives crashed the global economy in 2008, and they are poised to do the same today (on Trump's watch).

BIS Drops a Bombshell: Four U.S. Mega Banks Are Core of Repo Loan Crisis

"The risks posed by a handful of banks in the derivatives market is even more concentrated.

"According to a quarterly report from the federal regulator of national banks, the Office of the Comptroller of the Currency (OCC), just five banks control 82 percent of the $280 trillion in notional (face amount) of derivatives at the 25 largest bank holding companies.

"Derivatives played a critical role in blowing up Wall Street banks in 2008 and resulted in the largest taxpayer and Federal Reserve bailout of any industry in U.S. history.

"Despite that epic crisis, which produced the worst economic downturn in the United States since the Great Depression, Wall Street lobbyists have continued to stymie meaningful reform and have actually convinced the Trump administration to engage in weakening the inadequate regulations that Congress passed in 2010 under the Dodd-Frank financial reform legislation."

You’re a dishonest hack.
The market issue was a correction. Obama energy policy tanked the economy.

energy production rose under Obama

Energy production rose in Obama’s last 2 years due fracking which he opposed.
Energy production was poised to increase dramatically until Obama stifled it immediately upon taking office. I can actually remember things from 10 and 11 years ago.

 

[Aletheia4u]

This is one of the largest trucking companies in the nation. It's one out of 640 trucking companies that went bankrupt this year. Which is 3 times as many that went bankrupt last year. This will result in over 3 thousand truckers to lose their jobs. Many are being stranded without a way to get home.

It's being described as a bloodbath.

All of this can't be put on trump. The bush boy started to allow truckers from Canada and Mexico on our highways. Before the bush boy all goods were taken to the US border then handed over to our truckers to distribute throughout the nation.

trump's tariff war and canceling of NAFTA have taken a huge toll on the trucking industry. The fact that manufacturing is in recession is also harming the industry. The trucking industry has been in recession for 11 months.

This can't go on without serious consequences and damage to our nation.

An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless

Another 1,000 truck drivers lost their jobs in November, and it's a chilling sign for the economy

America's largest truck-engine manufacturer just announced 2,000 layoffs — and it's another sign of the trucking 'bloodbath' that's slamming the $800 billion industry

Truckers are becoming more and more pessimistic about the US economy

Truckers can't pay off their fuel cards — and it's a 'sure sign' that more trucking bankruptcies are coming

There is a shortage of driver. That there are many companies are in need of drivers. And so it will be easy for them to get another OTR job. Amazon are trying to fill up their driving positions. They just put their truck fleet on the road.

 

[depotoo]

There's evidence of impending economic turmoil coming from US farms, as well:

Farm Bankruptcies Surge

"NPR's Michel Martin speaks with Dale Moore, executive vice president of the American Farm Bureau Federation, about its recent report that shows farm bankruptcies are up 24% from last year."

If economic events in November 2020 remind voters of events in 2008, Republicans may not recover for a generation.

Talk about throwing the baby out with bath water!
What an idiot! You want economic hardship just because you don’t like republicans?
You’re insane!

I and he doesn’t care because he doesn’t live here.

 

[airplanemechanic]

I’ve never heard of Celadon.

You aren't in the trucking industry.

The problem with mega's like Celadon is that they became too big for their britches. They start to treat drivers like crap and then the good ones leave meaning all they get is crappy drivers.

Celadon is a huge crappy mega. They're like Swift and JB Hunt, just not quite as big but just as crappy. Trucks are governed at like 63 or 64. My truck will blow their doors off. Good riddance. Fewer drivers on the roads mean freight rates go up.

 

[depotoo]

I’ve never heard of Celadon.

You aren't in the trucking industry.

The problem with mega's like Celadon is that they became too big for their britches. They start to treat drivers like crap and then the good ones leave meaning all they get is crappy drivers.

Celadon is a huge crappy mega. They're like Swift and JB Hunt, just not quite as big but just as crappy. Trucks are governed at like 63 or 64. My truck will blow their doors off. Good riddance. Fewer drivers on the roads mean freight rates go up.

No, they were crooks.