Thank you Donald Trump ... U.S. Manufacturing Gauge Contracts for First Time in Three Years

[Denizen]

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

/—-/ You’re just making crap up and throwing it on the board.

You have confused me with Donald Trump who is the one "just making crap up and throwing it on the board".

 

[Denizen]

Donald Trump has screwed up the nicely rising economy Obama left him.

Thats a bald face lie, the exact opposite of the truth

Nice try. The First Bald-faced Liar won't relinquish his number one position as the biggest liar in the universe and beyond.

 

[Denizen]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

I and everybody I know is making more money than ever-what are you doing wrong? Is the media creating a scare?

GDP is rising around 2%. The population is rising about 1.6%. You are evidently happy with 0.4% growth in remuneration in your pocket.

 

[Denizen]

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

Trump made a mistake when he said that. Obama said you could keep your doctor. Bush said WMD. Clinton said I did not have...

Trump made a mistake when he said wwaaaaa at birth.

 

[danielpalos]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

A trade war might as well be a recession.

I believe this should be handled via our general welfare and commerce clauses not our common defense clause.

 

[Denizen]

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

/—-/ You’re just making crap up and throwing it on the board.

He’s right. Trump did say Mexico would pay for it.

Don’t get caught lying then continue to deny it. That’s trumps move. He gets caught lying then insists he’s right. Amazing.

He is not lying-how would denizen know Trump has no balls-was he down there on his knees?

Trump is getting punched from all sides by everybody with a beef with Trump.

He is not landing any blows himself but throwing a lot of air punches, followed by several rounds of mouthing off and blubbering.

 

[Denizen]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

A trade war might as well be a recession.

I believe this should be handled via our general welfare and commerce clauses not our common defense clause.

The real cause of the trade war is not the trade deficit, but an attempt to stifle the rapid rise of China in technology, economic influence, military strength, and international political influence.

However, that is backfiring as much as tariffs are backfiring and China has made moves to accelerate the replacement of imported American IT hardware and technology.

Donald Trump hasn't made a right move since taking office.

 

[danielpalos]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

A trade war might as well be a recession.

I believe this should be handled via our general welfare and commerce clauses not our common defense clause.

The real cause of the trade war is not the trade deficit, but an attempt to stifle the rapid rise of China in technology, economic influence, military strength, and international political influence.

However, that is backfiring as much as tariffs are backfiring and China has made moves to accelerate the replacement of imported American IT hardware and technology.

Donald Trump hasn't made a right move since taking office.

i thought the right wing was for free trade and capitalism?

 

[Andylusion]

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

You can say that, but that still isn't a reason to vote for a Democrat. You guys control the congressional budget. Where is your balanced budget?

Unbalanced POTUS = Unbalanced budget.

Not true. In 1995, the Republicans swept into Congress with a massive majority.

They forced through welfare reform, even though Clinton VETO'd it twice. The result was cutting welfare and food stamp rolls by less than half.

That would not have happened without Republicans making it happen.

Additionally, the Republicans cut spending every single year they were in office, leading to a nearly balanced budget.

If you look at the 1994 budget proposed by Clinton, he projected $200-$400 Billion dollar deficits to the year 2000.

It was Republicans that under cut Clinton's proposed budget every single year, that led to almost eliminating the deficit.

Congress has the control over the budget. Not the president. The late 90s are proof. The Republicans in control of the money, cut spending by under-cutting Clinton's budget, year over year.

 

[Andylusion]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.

A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

A trade war might as well be a recession.

I believe this should be handled via our general welfare and commerce clauses not our common defense clause.

The real cause of the trade war is not the trade deficit, but an attempt to stifle the rapid rise of China in technology, economic influence, military strength, and international political influence.

However, that is backfiring as much as tariffs are backfiring and China has made moves to accelerate the replacement of imported American IT hardware and technology.

Donald Trump hasn't made a right move since taking office.

I would agree with that. I don't think there is any possible way to hamper China catching up in terms of tech. There are simply to many ways to get that kind of information.

The bottom line is that, if China engages in free market capitalism, they are going to catch up. They have so many people, that they can move forward if they unshackle their economy. And we are just foolish if we really think we can stop that.

 

[Andylusion]

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

You can say that, but that still isn't a reason to vote for a Democrat. You guys control the congressional budget. Where is your balanced budget?

Unbalanced POTUS = Unbalanced budget.

/——/ The democRAT Congress has 100% control of the budget, you moron.

No, they don't. Trump is pilfering from the military and FEMA.

Then the Democrats in Congress should allcolate the money themselves, so that Trump doesn't have to "pilfer from the military and FEMA".

The wall is going to be built. It has to be built. The question is, are you going to provide the money, or do we have to take it from somewhere else.

Grow up.... stop being a whiny child.... get with the game plan, or shut up.

There is going to be a wall. You can either whine and cry about it, or you can be part of the plan.

 

[Third Party]

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

You can say that, but that still isn't a reason to vote for a Democrat. You guys control the congressional budget. Where is your balanced budget?

Unbalanced POTUS = Unbalanced budget.

/——/ The democRAT Congress has 100% control of the budget, you moron.

No, they don't. Trump is pilfering from the military and FEMA.

Redirecting resources as needed-that's what a good leader does.

 

[Third Party]

Nothing you posted suggests that "he screwed up the whole economy!".

That said, I agree. Trade war bad. Trump needs to Drop it.

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

I and everybody I know is making more money than ever-what are you doing wrong? Is the media creating a scare?

GDP is rising around 2%. The population is rising about 1.6%. You are evidently happy with 0.4% growth in remuneration in your pocket.

Get rid of the ILLEGAL population and things will improve dramatically.

 

[Third Party]

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

Trump made a mistake when he said that. Obama said you could keep your doctor. Bush said WMD. Clinton said I did not have...

Trump made a mistake when he said wwaaaaa at birth.

And Obama when he said marry me michelle, and bush when he stopped drinking and clinton when he said marry me hillary

 

[Third Party]

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

/—-/ You’re just making crap up and throwing it on the board.

He’s right. Trump did say Mexico would pay for it.

Don’t get caught lying then continue to deny it. That’s trumps move. He gets caught lying then insists he’s right. Amazing.

He is not lying-how would denizen know Trump has no balls-was he down there on his knees?

Trump is getting punched from all sides by everybody with a beef with Trump.

He is not landing any blows himself but throwing a lot of air punches, followed by several rounds of mouthing off and blubbering.

Well it sounds like your fondest wish has come true. What will you bitch about when someone else is prez? Crotch rash?

 

[Denizen]

Donald Trump has screwed up the nicely rising economy Obama left him.

Donald Trump is losing the trade war with manufacturing and agriculture down.

The ISM manufacturing index is falling sharply. Export orders are falling sharply as Trump tramples brand America.

"A measure of export orders, a proxy of overseas demand, sank to 43.3, the lowest reading since April 2009 during the depths of the last recession."

US exports also declined by 2+% year on year and are probably heading lower as Donald Trump has disrupted the whole international trade system with tariffs on friends and enemies alike.

U.S. Manufacturing Gauge Contracts for First Time in Three Years

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A key U.S. factory gauge unexpectedly contracted for the first time since 2016, sending stocks and bond yields lower and boosting expectations for interest-rate cuts as global manufacturing woes deepen.

The Institute for Supply Management’s purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed. Figures below 50 indicate the manufacturing economy is generally shrinking. The group’s gauge of new orders dropped to a more than seven-year low, while the production index hit the lowest since late 2015.

The data add to concern a broader U.S. recession is coming and may complicate the re-election chances of President Donald Trump, whose pledges to revive manufacturing have been a signature issue. At the same time, Trump’s escalating tariffs on imports from China have been a major reason behind factory weakness that threatens to spread to consumer spending, which accounts for about two-thirds of the world’s largest economy.

In the U.S. stock market, the ISM numbers torpedoed a morning rebound and left the S&P 500 poised for its worst loss in seven sessions, down as much as 1.2% to erase almost half of last week’s rally. The 10-year Treasury yield and the dollar fell.

Traders of fed funds futures boosted the amount of easing they expect from the U.S. central bank this year, following a July 31 quarter-point cut that was the first since 2008. For the next Fed decision on Sept. 18, investors increased bets on a half-point reduction but continued to lean toward a quarter-point cut.

“This piece of data is part of the puzzle that helps to push us into recession,” said Quincy Krosby, chief market strategist at Prudential Financial Inc. “The ramifications of the trade war show up in the euro zone, in Asia and now in the U.S. If the deterioration in the U.S. continues, it’s going to feed into the overall labor market.”

What Bloomberg’s Economists Say

“To be sure, economic anxiety related to tariffs and increasing trade tensions is extracting a significant toll on business confidence. However, there was limited direct evidence of tariffs creating upward price pressures or materials shortages in the details of the report. As such, the second-order impacts from the tariffs (i.e. confidence effects and currency appreciation) appear to be having the more substantial impact.”-- Carl Riccadonna, chief U.S. economist

Although manufacturing only makes up about 11% of the U.S. economy, there are concerns that entrenched weakness -- and any layoffs that may result -- could filter through to the rest of the economy and endanger the record-long expansion.

Transportation equipment was one of seven industries in the ISM report to report shrinking business activity last month. Automakers, which report their August sales on Wednesday, account for some of the slowdown. General Motors Co. has ceased production this year at a car plant in Ohio and transmission factory in Michigan, two of the four U.S. sites that it has said aren’t being allocated future product. Other automakers are reducing production shifts, including Nissan Motor Co., Fiat Chrysler Automobiles NV and Honda Motor Co.

Weakness in the automotive and electronics markets is also impacting 3M Co.’s bottom line. Sales and profit at the diversified manufacturer fell in the second quarter even as earnings topped expectations. At Caterpillar Inc., a slowdown in crude extraction from the Permian Basin, the largest U.S. oil patch, is reducing demand for machinery. What’s more, the equipment maker’s worldwide machine sales in June and July were up 4%, the slowest in two years.

Manufacturing is technically already in a recession in the U.S. with a Fed measure of output declining in two consecutive quarters. The malaise is consistent with developments in the sector around the world. By one measure, global factory activity has contracted for four straight months.

The ISM’s measure of new orders, which are tracked by some as a leading indicator of a downturn, declined to 47.2. It was the first time since December 2015 that the gauge fell below 50. ISM’s production gauge also sank below that mark, to 49.5 in August from 50.8.

A trade war might as well be a recession.

I believe this should be handled via our general welfare and commerce clauses not our common defense clause.

The real cause of the trade war is not the trade deficit, but an attempt to stifle the rapid rise of China in technology, economic influence, military strength, and international political influence.

However, that is backfiring as much as tariffs are backfiring and China has made moves to accelerate the replacement of imported American IT hardware and technology.

Donald Trump hasn't made a right move since taking office.

i thought the right wing was for free trade and capitalism?

GOP appears to have changed their strategy to going with Trump's gut, which is really 'yooj'.

 

[Denizen]

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

/——-/ Where is the democRAT controlled congress’s balanced budget? Why did the democRATs squander all that money?

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

You can say that, but that still isn't a reason to vote for a Democrat. You guys control the congressional budget. Where is your balanced budget?

Unbalanced POTUS = Unbalanced budget.

Not true. In 1995, the Republicans swept into Congress with a massive majority.

They forced through welfare reform, even though Clinton VETO'd it twice. The result was cutting welfare and food stamp rolls by less than half.

That would not have happened without Republicans making it happen.

Additionally, the Republicans cut spending every single year they were in office, leading to a nearly balanced budget.

If you look at the 1994 budget proposed by Clinton, he projected $200-$400 Billion dollar deficits to the year 2000.

It was Republicans that under cut Clinton's proposed budget every single year, that led to almost eliminating the deficit.

Congress has the control over the budget. Not the president. The late 90s are proof. The Republicans in control of the money, cut spending by under-cutting Clinton's budget, year over year.

Not correct. Clinton presided over an 8 year era with 4+% growth and 22.7 million jobs growth (+236,000 a month average for 8 years).

Clinton "raised taxes on higher-income taxpayers early in his first term and cut defense spending and welfare".

No Republican ever supports increased taxes. The Republicans were loud-mouthed passengers.

Just because you bought one of Donald Trump's Sharpies online it doesn't authorize you to pervert history.

Trump is a total disgrace and his howling mob are losers.

Economic policy of the Bill Clinton administration - Wikipedia

... President Clinton oversaw a very robust economy during his tenure. The U.S. had strong economic growth (around 4% annually) and record job creation (22.7 million). He raised taxes on higher income taxpayers early in his first term and cut defense spending and welfare, which contributed to a rise in revenue and decline in spending relative to the size of the economy. These factors helped bring the United States federal budget into surplus from the fiscal year 1998 to 2001, the only surplus years after 1969. Debt held by the public, a primary measure of the national debt, fell relative to GDP throughout his two terms, from 47.8% in 1993 to 31.4% in 2001. ...

 

[Denizen]

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

You can say that, but that still isn't a reason to vote for a Democrat. You guys control the congressional budget. Where is your balanced budget?

Unbalanced POTUS = Unbalanced budget.

/——/ The democRAT Congress has 100% control of the budget, you moron.

No, they don't. Trump is pilfering from the military and FEMA.

Then the Democrats in Congress should allcolate the money themselves, so that Trump doesn't have to "pilfer from the military and FEMA".

The wall is going to be built. It has to be built. The question is, are you going to provide the money, or do we have to take it from somewhere else.

Grow up.... stop being a whiny child.... get with the game plan, or shut up.

There is going to be a wall. You can either whine and cry about it, or you can be part of the plan.

Humpty Trumpty is unraveling and will fall before the wall is built. The man is demented.

 

[Denizen]

U.S. adds just 130,000 jobs, a sign Trump’s trade war may have begun hiring slowdown

The job gain was boosted by the temporary hiring of 25,000 government workers for the 2020 Census. Excluding all government hiring, businesses added just 96,000 jobs, the fewest since May.

96,000 jobs? What did you guys say about Obama when he only added 200,000 jobs in a month? You said it wasn't good enough. Well, what do you say now hypocrites?

Still a better economy than Obama ever had. It sounds like you hope the economy does badly so Trump does not get re-elected-is that true?

It's Obama's economy before Trump trashed trade and blew out the budget deficits and government debt.

The fate of the economy is in Trump's hands and I hope he gets run outta town beause my personal wealth is adversely affected by a bad US economy.

I and everybody I know is making more money than ever-what are you doing wrong? Is the media creating a scare?

GDP is rising around 2%. The population is rising about 1.6%. You are evidently happy with 0.4% growth in remuneration in your pocket.

Get rid of the ILLEGAL population and things will improve dramatically.

Get rid of Trumpty Dumpty to make America great again.

 

[Denizen]

Trump told America that Mexico was going to pay $billions to the USA for the Trump wall.

The Trump outcome: Trump no balls and no walls.

/—-/ You’re just making crap up and throwing it on the board.

He’s right. Trump did say Mexico would pay for it.

Don’t get caught lying then continue to deny it. That’s trumps move. He gets caught lying then insists he’s right. Amazing.

He is not lying-how would denizen know Trump has no balls-was he down there on his knees?

Trump is getting punched from all sides by everybody with a beef with Trump.

He is not landing any blows himself but throwing a lot of air punches, followed by several rounds of mouthing off and blubbering.

Well it sounds like your fondest wish has come true. What will you bitch about when someone else is prez? Crotch rash?

When Trump is gone there will be an outbreak of love and unity after a dark Trump period of hate, bluster, bluff, and unconstrained bullshit leadership.