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

[Toddsterpatriot]

/——-/ 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. ...

Clinton presided over an 8 year era with 4+% growth and 22.7 million jobs growth (+236,000 a month average for 8 years).

Internet bubbles are cool!!!

 

[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.

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. ...

Clinton presided over an 8 year era with 4+% growth and 22.7 million jobs growth (+236,000 a month average for 8 years).

Internet bubbles are cool!!!

Not for Donald Trump.

 

[charwin95]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Reading your link and how they promote Trumpy enough to give me a wedgie. It’s like reading Trump junior diary book.

From your link. Let me ask you this...... What are Obama’s anti growth policies?

Speech from Trump WH chairman economic adviser Hasett...... Really are you serious? This is like asking Pence or your friends easy and third party here about that orange clown.

 

[charwin95]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

This is not even funny.,
You might be desperate in using this link.

 

[charwin95]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Obama was a bigger liar than Trump-the media just never called him out on it

Can you prove it bud?

Trump is the most lying SOB we’ve ever seen that set foot in this world. Just about Every time he open his mouth he lied. That’s a fact.

 

[charwin95]

Lowest Unemployment in 50 Years!!
This thread is pure bullshit

Thank you Obama. America missed you.

 

[Toddsterpatriot]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Reading your link and how they promote Trumpy enough to give me a wedgie. It’s like reading Trump junior diary book.

From your link. Let me ask you this...... What are Obama’s anti growth policies?

Speech from Trump WH chairman economic adviser Hasett...... Really are you serious? This is like asking Pence or your friends easy and third party here about that orange clown.

What are Obama’s anti growth policies?

Obamacare, Cap & Trade, anti-fossil fuel policies, anti-pipeline policies, attacks on banks, card check etc.

 

[Cellblock2429]

Lowest Unemployment in 50 Years!!
This thread is pure bullshit

Thank you Obama. America missed you.

/——/ Obozo was a festering sore on America’s butt. And that was on his good days.

 

[charwin95]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Reading your link and how they promote Trumpy enough to give me a wedgie. It’s like reading Trump junior diary book.

From your link. Let me ask you this...... What are Obama’s anti growth policies?

Speech from Trump WH chairman economic adviser Hasett...... Really are you serious? This is like asking Pence or your friends easy and third party here about that orange clown.

What are Obama’s anti growth policies?

Obamacare, Cap & Trade, anti-fossil fuel policies, anti-pipeline policies, attacks on banks, card check etc.

Give me specifics how and what.
Not just a blank check.

 

[Toddsterpatriot]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Reading your link and how they promote Trumpy enough to give me a wedgie. It’s like reading Trump junior diary book.

From your link. Let me ask you this...... What are Obama’s anti growth policies?

Speech from Trump WH chairman economic adviser Hasett...... Really are you serious? This is like asking Pence or your friends easy and third party here about that orange clown.

What are Obama’s anti growth policies?

Obamacare, Cap & Trade, anti-fossil fuel policies, anti-pipeline policies, attacks on banks, card check etc.

Give me specifics how and what.
Not just a blank check.

Every one of those policies that he supported was anti-growth.
What specifics do you need?

 

[Denizen]

Let's be clear. The Trump economy is not the best economy ever. Far from it.

Clinton achieved 4+% growth and averaged +263,000 jobs a month for 8 years.

Trump isn't close. He is a loser who will bankrupt the USA.

 

[Third Party]

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?

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

Thanks, I'm doing great!

 

[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

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'.

Thanks, I'm doing great!

Trump = 2% GDP growth (or less) factored down by 1.6% population growth gives a 0.4% net gain.

You are happy with 0.4%? That's $400 for every $100,000 of income. That won't even pay the price increases from tariffs or the rising health costs.

 

[Cellblock2429]

Sorry Obama, But It's Trump's Economic Boom, Not Yours
It's Trump's Booming Economy, Not Obama's | Investor's Business Daily

Growth: Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies

Let's see if we have this right.

For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.

But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.

Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.

In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.

"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."

This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.

Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017. Applications for new businesses are now well above the trend over Obama's entire second term, Hassett noted. And blue-collar jobs are growing faster than any time since the Reagan administration.

Turnaround on GDP Growth
There's more. The rate of GDP growth was decelerating in Obama's last year. It went from 2.3% in Q2, to 1.9% in Q3 to 1.8% in Q4 of 2016. Under Trump, GDP growth has averaged 2.9%. It was 4.2% last quarter and might be higher in the current one.

The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.

Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.

In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%......(SNIP)

Reading your link and how they promote Trumpy enough to give me a wedgie. It’s like reading Trump junior diary book.

From your link. Let me ask you this...... What are Obama’s anti growth policies?

Speech from Trump WH chairman economic adviser Hasett...... Really are you serious? This is like asking Pence or your friends easy and third party here about that orange clown.

What are Obama’s anti growth policies?

Obamacare, Cap & Trade, anti-fossil fuel policies, anti-pipeline policies, attacks on banks, card check etc.

Give me specifics how and what.
Not just a blank check.

/——/ Translation: Don’t give me what I asked for, give me something different.

 

[Third Party]

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'.

Thanks, I'm doing great!

Trump = 2% GDP growth (or less) factored down by 1.6% population growth gives a 0.4% net gain.

You are happy with 0.4%? That's $400 for every $100,000 of income. That won't even pay the price increases from tariffs or the rising health costs.

I make way more now than under Obama-that;s what I mean! If you aren't making more money now, you are doing something wrong!

 

[Denizen]

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'.

Thanks, I'm doing great!

Trump = 2% GDP growth (or less) factored down by 1.6% population growth gives a 0.4% net gain.

You are happy with 0.4%? That's $400 for every $100,000 of income. That won't even pay the price increases from tariffs or the rising health costs.

I make way more now than under Obama-that;s what I mean! If you aren't making more money now, you are doing something wrong!

Minimum wage has increased lately which explains your claim of earning more.

You are fantasizing like Donald Trump. You still living in Momma's basement?

 

[Mac1958]

As our "booming" and "soaring" economy continues to weaken, it's now going to be a balancing act between possible adrenaline injections (Fed rate cuts & a good deal with China) and psychology (markets & consumers).

Some good economic news (say, earnings reports, better wage growth) and some adrenaline soon could get us going again, but it that stuff takes too long, we'll see both business capital expenditures and consumer spending contract, and the momentum would carry us in that direction.

So, as usual, the two ends of the spectrum are doing what they do: The Trumpsters are in an absolute fantasy land over the condition of the economy, the Regressives will be hoping for a recession in time for the elections.

The rest of us, the majority, are concerned about the obvious bad data, but we're still hoping for the best.
.

 

[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.

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. ...

Republicans pushed welfare reform. Under Democrat controlled congress, they never once passed a budget that reduced the deficit, or even planned to reduce the deficit.

It was republicans that did that. It was republicans sent back welfare reform to Clinton 3 separate times, because he veto'd it the first two times. In fact, even after signing welfare reform, he promised to 'fix welfare reform later'.

Everything that happened in the 90s was due to Republicans. That's a fact. You can go look up the budget battle in the late 90s, after Newt Gingrich had his "Contract with America".

You people like to just selectively ignore history, because you are all partisan bigots. That won't work on me. I was there, I remember the whole thing.

 

[Terri4Trump]

 

[Terri4Trump]

American manufacturing companies have a spring in their step
American manufacturing companies have a spring in their step

A drive along the narrow county roads of Mount Pleasant, Wisconsin, used to be a sleepy affair. You would spot a pumpkin farm, the odd homestead and red barn. But a recent visit revealed a cacophonous building site: a factory is emerging in this corner of the Midwest. Where chicken coops once stood, Foxconn, a Taiwanese contract-manufacturing giant best-known for assembling iPhones, has arrived.

When in 2017 the firm announced plans to build a massive factory for high-end televisions, many cheered, not least President Donald Trump, who came for last year’s ground breaking ceremony. Electronics manufacturers had long ago abandoned America for cheaper countries, especially China, so the investment seemed to mark a reversal. Having secured a promise of over $4bn in subsidies from Wisconsin, Foxconn vowed to create 13,000 jobs, many of them on the assembly line, with an average annual salary of $54,000.