The Trump Economy

[Tiberius]

The new jobs, min wage, P/T started by Clinton and unfair trade laws , H-2B and illegal immigration keeping wages low

 

A lot of people have given up imo

 

59,000 to 65,000 died from overdoses in the US in 2016 and rising

 

Drug Deaths in America Are Rising Faster Than Ever

 

 

https://www.nytimes.com/interactive/2017/06/05/upshot/opioid-epidemic-drug-overdose-deaths-are-rising-faster-than-ever.html

I just don't agree with the connection between free trade and drugs. There are jobs out there and good paying ones that go unfilled.

 

I was in a locker room changing after hockey last year and a dude came in that I sort of know and he was getting ready to go on the ice. Great kid, body builder sort of but had a decent job, turned up dead two days later from an overdose. He was hardly a depressed sort or down and out.

[Deranged Rhino]

 

The US is starting to recognize the opium crisis. It makes the crack years look like a picnic.

 

Starting to recognize? Nah, they've been proffiting from it for the past decade and a half:

 

 

http://www.businessinsider.com/opium-poppy-production-increasing-in-afghanistan-during-war-2016-11/#2016s-201000-hectares-under-cultivation-was-the-third-highest-amount-recorded-since-1994-only-exceeded-by-the-224000-hectares-reported-in-2014-and-the-209000-hectares-registered-in-2013-1

 

It's not an accident that opium production in Afghanistan rose dramatically since the US invasion. The MiC has used drug running as a means of funding black projects for decades.

[ALF]

I retired from a GM plant small city. In 1978 over 10k hourly jobs, today 1.4k jobs , half pay , no pension.

 

Coal country is even worse for job loss

 

I do see depression

[Tiberius]

Starting to recognize? Nah, they've been proffiting from it for the past decade and a half:

 

 

http://www.businessinsider.com/opium-poppy-production-increasing-in-afghanistan-during-war-2016-11/#2016s-201000-hectares-under-cultivation-was-the-third-highest-amount-recorded-since-1994-only-exceeded-by-the-224000-hectares-reported-in-2014-and-the-209000-hectares-registered-in-2013-1

 

It's not an accident that opium production in Afghanistan rose dramatically since the US invasion. The MiC has used drug running as a means of funding black projects for decades.

 

Actually the synthetic drugs are doing the most damage

I retired from a GM plant small city. In 1978 over 10k hourly jobs, today 1.4k jobs , half pay , no pension.

 

Coal country is even worse for job loss

 

I do see depression

 

Makes sense. And a lot of this problem is older people. My example was kind of an aberration, but it's the one I knew.

[Deranged Rhino]

Actually the synthetic drugs are doing the most damage

 

90% of the world's opium comes from Afghanistan. The production has skyrocketed since the US invasion over a decade ago. There's a long, detailed with a paper trial, record of the USIC / MiC running drugs for profit.

 

If you think the USIC isn't a part of the opioid problem in the world, you're in denial.

[ALF]

 

90% of the world's opium comes from Afghanistan. The production has skyrocketed since the US invasion over a decade ago. There's a long, detailed with a paper trial, record of the USIC / MiC running drugs for profit.

 

If you think the USIC isn't a part of the opioid problem in the world, you're in denial.

 

This is the real tragedy . Why doesn't the msm make this known ?

[IDBillzFan]

 

This is the real tragedy . Why doesn't the msm make this known ?

 

Because they seem to be focused only on stories that will somehow magically nullify the last election so Hillary can take her rightful place on the throne.

[SlimShady'sSpaceForce]

 

90% of the world's opium comes from Afghanistan. The production has skyrocketed since the US invasion over a decade ago. There's a long, detailed with a paper trial, record of the USIC / MiC running drugs for profit.

 

If you think the USIC isn't a part of the opioid problem in the world, you're in denial.

ah aahhh aahhh Hashish excuse me I sneezed

 

Bazar Kabul

[ALF]

Study: 1 in 4 U.S. Jobs At Risk of Offshoring

A quarter of all U.S. jobs and half of all low-skill positions could be offshored or automated in the coming years.

https://www.usnews.com/news/economy/articles/2017-07-17/study-1-in-4-us-jobs-at-risk-of-offshoring

So much for reducing national debt if even less people pay taxes

Study: 3 in 10 Americans Haven't Recovered From Great Recession

https://www.usnews.com/news/economy/articles/2017-07-13/study-3-in-10-americans-havent-recovered-from-great-recession

Edited July 19, 2017 by ALF

[Tiberius]

Study: 1 in 4 U.S. Jobs At Risk of Offshoring

 

A quarter of all U.S. jobs and half of all low-skill positions could be offshored or automated in the coming years.

 

https://www.usnews.com/news/economy/articles/2017-07-17/study-1-in-4-us-jobs-at-risk-of-offshoring

 

So much for reducing national debt if even less people pay taxes

 

 

 

Study: 3 in 10 Americans Haven't Recovered From Great Recession

 

https://www.usnews.com/news/economy/articles/2017-07-13/study-3-in-10-americans-havent-recovered-from-great-recession

 

Can't imagine anything will slow this process of automation and off shoring down. No wonder Trump's call for huge public works projects resonated with so many people.

[SlimShady'sSpaceForce]

http://www.businessinsider.com/stocks-market-today-fund-manager-survey-financial-crisis-2017-7

 

 

Investors are souring on US stocks to an extent not seen since the start of the financial crisis.

 

Global fund managers have a 20% net underweight allocation to US equities, which is the lowest since January 2008, according to a Bank of America Merrill Lynch survey of 207 money managers with almost $600 billion under management.

 

That means they're looking to other geographies and even other asset classes for returns —

[Chef Jim]

http://www.businessinsider.com/stocks-market-today-fund-manager-survey-financial-crisis-2017-7

 

 

Investors are souring on US stocks to an extent not seen since the start of the financial crisis.

 

Global fund managers have a 20% net underweight allocation to US equities, which is the lowest since January 2008, according to a Bank of America Merrill Lynch survey of 207 money managers with almost $600 billion under management.

 

That means they're looking to other geographies and even other asset classes for returns

So this has everything to do with the US economy and nothing to do with investing 101's sell high buy low?

[Pine Barrens Mafia]

http://www.dailywire.com/news/18790/malkin-manufacturing-hate-made-america-michelle-malkin?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=benshapiro

[SlimShady'sSpaceForce]

The US economy got a downgrade and it's a direct indictment of Trump's ineffectiveness

The International Monetary Fund has sharply revised its forecast for US economic growth in a direct indictment of Donald Trump’s presidency and lack of action on promised policy changes.

The IMF downgraded its forecast for US gross domestic product growth to just 2.1% this year, down from 2.3% previously, and also cut its 2018 estimate to 2.1% from 2.5%.

 

That revision is especially striking since it matched cuts not seen anywhere in the world other than two major emerging economies facing deep political crises — Brazil and South Africa.

 

OUCH

The wheels on the bus go round and round spinning and spinning and going nowhere.

[Doc Brown]

Steve Bannon Pushing For 44 Percent Marginal Tax Rate On the Very Rich https://theintercept.com/2017/07/26/steve-bannon-pushing-for-44-percent-marginal-tax-rate-on-the-very-rich/

I can see why Republicans and their donors hate him.

[B-Man]

Gov. Scott Walker and President Trump announce Foxconn factory in Wisconsin

 

“the single largest economic development project in the history of the state of Wisconsin”

[/dev/null]

https://www.usnews.com/opinion/economic-intelligence/articles/2017-07-28/federal-reserve-wades-into-uncharted-territory-by-cutting-its-balance-sheet

 

Feds about to start pulling the scaffolding from Obama's Potemkin economy with Trump left holding the bag

[Deranged Rhino]

https://www.usnews.com/opinion/economic-intelligence/articles/2017-07-28/federal-reserve-wades-into-uncharted-territory-by-cutting-its-balance-sheet

 

Feds about to start pulling the scaffolding from Obama's Potemkin economy with Trump left holding the bag

(Cough) nationalize the fed (cough)

[Doc Brown]

http://www.dailywire.com/news/18790/malkin-manufacturing-hate-made-america-michelle-malkin?utm_source=facebook&utm_medium=social&utm_content=062316-news&utm_campaign=benshapiro

That's a really good article and again shows the disconnect between GOP intellectuals and Trump's appeal. Trump also exposed how the Democratic party that once portrayed themselves as the rulers of the working class has turned into the party of corporate America some 30 to 40 years ago. Why Dems really hate Trump is he exposed them with his keeping manufacturing jobs here and anti trade rhetoric during the campaign. The Dems turned their back on their core blue collar white workers base and pushed identity politics more than ever in '16 and lost deservedly. A new poll out shows how much trouble they're really in.

 

https://www.nationaljournal.com/s/656041?unlock=4ZTEB1F699EPTRA0

 

Those were the sobering findings of a Democratic survey commissioned by the party-backed House Majority PAC, which Politico and McClatchyfirst reported. The poll surveyed working-class white voters in pivotal districts that Democrats are targeting in the midterms. Despite the Trump turmoil in Washington, Republicans held a 10-point lead on the generic ballot (43-33 percent) among these blue-collar voters. Democrats hold a whopping 61 percent disapproval rating among these voters, with only 32 percent approving. Even Trump’s job-approval rating is a respectable 52 percent with the demographic in these swing districts.

 

That's why I see the Bernie Sanders/Elizabeth Warren wing of the party having an ugly clash with the old DNC guard over the next 3 and a half years. I think you need to run a populist on the left to beat a populist on the right. Should be an interesting primary.

Edited July 30, 2017 by Doc Brown

[PastaJoe]

Gov. Scott Walker and President Trump announce Foxconn factory in Wisconsin

 

the single largest economic development project in the history of the state of Wisconsin

First, Foxconn has a spotty track record of delivering on its promises. The company caused a lot of excitement about a revival of American manufacturing when it announced in 2013 that it would build a $30 million high-tech plant in central Pennsylvania but failed to deliver. The company also announced in 2014 that it would invest up to $1 billion in Indonesia, but failed to deliver on that promise, too.

 

Second, as the Washington Post reported Tuesday, lawmakers and other concerned citizens in Wisconsin are concerned that the state may give away too much in incentives to attract Foxconn. Those concerns are heightened by the facts that Walker is up for re-election next year, has a low approval rating, and has run as a job-creator.

 

Third, it is uncertain whether the promised jobs will be stable and pay a living wage. As for job security, both the BBC and MarketWatch reported in May 2016 that Foxconn had replaced 60,000 of its workers with robots.

 

Foxconn is also known for a work environment so harsh it led to employee riots and suicides. The Fair Labor Association a non-profit formed by Nike and others in 1999 after a series of sweatshop scandals documented in 2012 major labor-rights violations at Foxconn facilities including excessive overtime and salaries that were too low to cover basic living expenses and sometimes not paid.

 

The company has also been criticized for under-age workers, improper disposal of hazardous wastes, injury to workers required to clean iPhone screens with a toxic chemical, and fatal industrial accidents resulting from the failure to address known hazards.

Harsh work conditions at a variety of Foxconn locations in China led to a spate of Foxconn employee suicides in 2010. Foxconn chillingly responded to those suicide attempts by installing safety nets to catch employees attempting to jump to their deaths from company buildings. A company that cared about its employees would have done more to investigate and remediate the conditions that led to the suicides in the first place.

 

https://www.cnbc.com/2017/07/27/heres-whats-worrisome-about-foxconns-plan-to-build-a-plant-in-the-us-commentary.html

http://money.cnn.com/2017/07/27/technology/business/foxconn-china-us-wisconsin-workers/index.html