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Trump has taken the growing economy he inherited and with his trade wars and reckless policies, brought us to the brink of recession. I believe 2020 is shaping up to be a perilous year for the U.S. economy. I believe that by the election, unemployment will be skyrocketing, people will be losing their homes, and we'll see one or two big bank failures. It could be even worse if China decides to completely unload U.S. debt, a very real possibility. Most people on this board who are working will likely either be laid off or know somebody who is laid off by next year at this time.
Thing is, none of this had to happen. This is 100% on Donald Trump. Now we all are going to have to suffer.
Democrats need to start shifting the conversation to this because I believe that the collapsing economy will be their winning issue in 2020. The U.S. needs to join the rest of the world in embracing the 21st century rather than trying to bring back the middle of the 20th century, destroying itself in the process.
I couldn't agree more (that DEMS need to start talking about jobs and the economy). Obviously, the moral issues are a must, but that alone is not going to win. It pains me to say that, but it is true. It doesn't mean people don't care about the other issues, but at the end of the day, they want to make sure they will be able to feed their families.
I plan on supporting Biden if he gets the nomination. If Warren does, I will vote for Trump. But that is for another thread.
The stability we had under Obama kept the economy going at steady pace. We were also reducing the deficit.
Under Trump we saw tax cuts for rich which gave us a small economic bump, but greatly increased the deficit. I won’t even mention all the economic uncertainty happening under Trump.
Growth was about same for both Presidents. Unemployment a little less under Trump. Another recession will erase that.
The stability we had under Obama kept the economy going at steady pace. We were also reducing the deficit.
Under Trump we saw tax cuts for rich which gave us a small economic bump, but greatly increased the deficit. I won’t even mention all the economic uncertainty happening under Trump.
Growth was about same for both Presidents. Unemployment a little less under Trump. Another recession will erase that.
In December 1965, unemployment dropped to 4% and would stay at or below that level until February 1970.
Since we are less than two years into the Trump era of low unemployment, I would advise you to relax...get comfortable.
We have a long way to go before a ****ty economy will be along to rescue the Democratic Party from it's long overdue demise as a relevant political force in American politics.
Quote:
Originally Posted by James Bond 007
In 1965 they were just a few years removed from the last recession (1960-61). We are now 10 years removed from the last recession. Not comparable situations.
Correct!
There are significant differences.
That was pointed out to you, but you have a selective ADD.
What took place in 2007 has nothing to do with today.
There is no pending credit default swap crisis, so why act as thought there were?
Tariffs applied to a trading partner with a 4 to 1 advantage isn't going to throw the US into a recession.
The federal government will buy the excess soybeans - the way they always do - and that will be the end of it.
The world is full of third-world hell holes that can make our t-shirts and phone chargers.
We don't have to do business with China, and we don't have to accept one-way trade deals with a nation that steals our technology and supplies it to a growing military that we may one day have to confront.
For once, maybe, we should do something besides slam our **** in a car door.
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