The Economy is Crashing -- Trump and the Repubs in Congress Own it

Stock market down over 10% since January with a downward bias, auto sales tanked, housing bubble like the one before the last crash, China putting tariffs on US agriculture products threatening farm bankruptcies, Trump threatening to cancel NAFTA farther threatening agricultural exports, tech industry decline...... I could go on. The list is long.

 

Please post evidence of this fact.

There is a yuge difference between a claim, and a fact.

 

That's such a mishmash of unconnected assertions that replying to all of them would require a post that's just as disorganized as yours. I'll point you to one article on the agricultural crisis. You can find others yourself about the housing bubble, tech decline, stock market decline, automotive industry decline, etc. if you are so motivated.

https://www.npr.org/sections/thesal...argeting-american-crops-will-mean-for-farmers

Again, I agree entirely that the USA needs to do something about China's unfair trade practices, but Trump's ham-handed way of doing it hurts the US economy far more than China's.

You're link to a site that lists past US agricultural performance says nothing about today's agricultural disaster.

 

http://www.iowapork.org/2016-u-s-pork-exports-set-volume-record-iowa-tops-1-billion/

Edit:
Didn't you think it strange that they would pick pork?

 

Hahaha! All phony Trump hating talking points. The stock market down since.January? Give me a break....

 

Here are the top 10 states “bringing home the bacon,” according to the latest U.S. Census data.

• Iowa - $4.2 billion.
• Illinois - $1.54 billion.
• Minnesota - $1.47 billion.
• North Carolina - $1.46 billion.
• Indiana - $1.04 billion.
• Oklahoma - $952.7 million.
• Missouri - $791 million.
• Nebraska - $657.5 million.

 

On January 26, the DOW Industrial was at 26,617. Yesterday it closed at 23,644, down more than 11% or almost 3,000 points. Maybe you should check a few facts before you roll on the floor laughing.

 

It is still up since Trump took office.

 

He's not starting a trade war, he's evening it out and pushing for a better deal.

If someone keeps walking into your house and taking things, do you let them keep doing it, or do you confront them and put a stop to it.

Yes, the person taking your stuff will probably be upset that they can no longer steal from you with impunity.

The problem isn't that countries are mad with our tariffs, the problem is that they've been allowed to put tariffs on us with no response by weak leaders in the past.

 

When it drops 5000 points and gets back to Obama levels let us know.

 

One would hope you are bright enough to understand that Obamas administration managed to not only bring us back from the brink of depression, but create the economy Trump inherited and is destroying.
https://www.forbes.com/sites/johndo...rmance-behind-obama-and-clinton/#3b688a36644a
And this is before the current market plunge....which will get worse by the way.

 

You mean the economy that is doing better than it has in decades?

https://www.investors.com/politics/...conomy-one-year-in-a-success-by-all-measures/

 

LoL this economy is doing better than it has in decades.

Like I said, when it drops back down to Obama levels, let us know.

 

The Wall Street/donor/"job creator" class is doing fine, no one else really matters. Besides, this is Reality America now, doesn't really matter what's going on, claim anything.

 

OK that's a prediction that we can go back and check.

 

And we expect you to. Things can change, more experienced hands take over control, the economy has our thoughts and prayers.

 

Yes things can change. Very profound.

 

If adults are put in charge bad things can be reversed I should say. If the petulant man-child is not reigned in then no, the downward spin will continue and be blamed on everyone but him.

 

DETROIT (Reuters) - Major automakers on Tuesday reported higher new vehicles sales for March on the back of a strong U.S. economy and big consumer discounts, sending shares in Detroit's automakers up.

Industry sales in March rose 2.5 percent to 1,653,529, according to Autodata, which said the seasonally adjusted annual rate for the month was a better-than-expected 17.5 million versus 16.8 million a year ago. Analysts polled by Reuters had expected a March SAAR of 16.9 million.

General Motors Co posted a 16 percent jump in new vehicle sales from the previous March, led by a 14 percent increase in higher-margin retail sales to consumers. Fiat Chrysler Automobiles NV (FCA) reported a 14 percent increase and said it saw a 45 percent spike in sales of its popular Jeep models, giving the brand its best sales month on record.

The strong results for March followed a weak performance in February.

Last year, U.S. auto sales fell 2 percent after hitting a record high of 17.55 million units in 2016. Sales are expected to fall further in 2018 as interest rates rise and push up monthly car payments. Also, millions of nearly new vehicles will return to the market this year after coming off lease, providing a lower-cost alternative for consumers.

GM notched double-digit sales increases across all brands in March, particularly for its SUV and pickup truck models.

"March was an exceptional month for us," GM's U.S. head of sales Kurt McNeil said in a statement. "A growing economy and strong new products helped us execute a very successful plan to conquest customers from other brands."

While GM said its average transaction price was up $900 in the first quarter, the company's consumer discounts as a percentage of transaction prices hit 14.5 percent in March.

The No. 1 U.S. automaker said earlier on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market and will instead issue quarterly sales.

Other automakers have not yet said whether they will follow suit.

Industry analysts consider discounts of over 10 percent to be unhealthy as they undermine resale values and erode profits.

When issuing a March sales forecast last week, industry consultants J.D. Power and LMC Automotive said industry wide discounts in the first half of the month were at 10.3 percent.

Charlie Chesbrough, senior economist at Cox Automotive, said the impact of the recent U.S. tax overhaul tax "may now be kicking in and lifting the market above previous expectations."

 

What would you being saying if the slide continues another 7,000 points? Blame it on Hillary? The trade war won't begin until most likely May or June.

 

Where would Trump be ?

 

I agree with everything, but you need to hold Bill Clinton responsible for some of this too, he signed NAFTA which shipped a lot of our jobs overseas and signed the graham-leech bill that deregulated the banks and wall street.

 

when stocks went up...it wasnt Trump...when they go down, it is. Lefties leftying. Fascinating.

 

You don't think that the recent drop in the markets have a bit to do with tariffs and Trump bashing Amazon / threatening new taxes?