All That “Winning”
US manufacturing is now at a ten year low, as reported by the The Institute for Supply Management, with its index dropping to 47.2 in December. Anything below an index of 50 signals a manufacturing segment contraction. So with the trade wars that have destroyed thousands of jobs, wrecked export markets for many industries, and saddled the manufacturing industries with dozens of tariffs, Trump’s “winning ” strategy is actually…not.
This shouldn’t be a surprise to folks who follow business issues. I’ll leave it up to the rest of the people who congregate here at the salon to remind me why we should concentrate instead on one of the gaggle of pet issue candidates who don’t have a chance of winning in November.
1Farmers are going bankrupt – and even if the trade wars were to go away – they will never get back some of the buyers, as they have gone elsewhere and most won’t come back. Other jobs lost include truckers – many have been laid off. Gas prices are going up and stock market shaky because of the Iranian debacle. Yep, winning all the way. Yet, his base will probably still stick with him. Unless we ditch Mitch – social security and Medicare will be cut.
2I’m spitballin’ here, but couldn’t Trump retrain some of the workers who lost their jobs in the manufacturing sector, and offer them employment in the coal mining industry which he single handedly rescued and rejuvenated? As an added bonus, newly trained workers would get to move to West Virginia.
Winning-winning.
3It’s a given, these days:
1] Republicans trash the economy.
2] Democrats come along afterwards and clean up the mess.
3] The American people, in their wisdom, elect another Republican after things are tidied up again.
**Sigh**
4So the 14 million jobs personally created by Ivanka are in…food service? Pet grooming? Troll farms? Personal shopping? Give us a hint.
5Mr. B, I’m not sure what you mean by “I’ll leave it up to the rest of the people who congregate here at the salon to remind me why we should concentrate instead on one of the gaggle of pet issue candidates who don’t have a chance of winning in November.” in the context of the subject under discussion, but I do think most people who have had blue collar or agricultural jobs their whole lives know Fat Donnie is a financial and business moron, and will eventually destroy the economy because…hubris and ego?
6It sounds like the next recession has begun. It just might be bad enough that Trump loses, BUT– if the recession appears to be definitely in progress, around the beginning of October the Fed should stop its $5+ trillion bailout of Wall Street and let the collapse come.
Then it will be up to the Democrats to fix it according to what the Republicans want– bring on the next Cat Food Commission– and hand it back to them starting in 2022, as per twocrows above.
7