General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNeed some negative economic bullet points for a tweet I'm putting together
So far:
1) Manufacturing Recession - Index was 47.2 through December and below 50 is recession territory. 5 straight months of decline.
2) Trade deficit is up big under Trump - annual average is 14% over the last 3 years of Obama
3) Budget deficit is up big under Trump - last 3 years of Obama average $563 billlion, first 3 years of Trump is $991 billion
4) Job growth is mediocre under Trump - last 35 months of Obama was a total of 7.96 million jobs. First 35 months of Trump was 6.69 million jobs.
5) The "Blue Collar Boom" wage increase was driven by Democratic initiatives that raised the minimum wage at the state and local levels that offset decreases from Trump anti-labor policies
What else can I add in?
Thanks
Phoenix61
(17,006 posts)There are several numbers but wasnt sure what source youd want to use.
that an understatement.
I was homeless for ten months in 2017 -18. I'm in my 60s and I lived in my 4runner. I have been in that situation once before and it was during W's regime. It's why I will always keep a vehicle that I can sleep/camp with. Anymore, you just never know. The really disgusting part about it all, and I see as a slap in the face from these admins, these two events occurred AFTER I spent my 30s going to college to avoid that very issue... homelessness.
I agree, homelessness has increased as resources for helping people get into homes has continued to decline. Not to mention the increasing attempts to criminalize it.
W_HAMILTON
(7,869 posts)WI, MI, PA, and OH all lost manufacturing jobs in 2019.
I was going to just say that you should confirm it yourself before using it, but then I remembered the article I read it from (the AP factcheck on the SOTU), so, here is that article: https://www.pbs.org/newshour/politics/ap-fact-check-trumps-claims-in-his-state-of-union-address
It may also help you with some other information to include.
NewJeffCT
(56,828 posts)that was a good link - business investment has been declining is another bad sign
spicysista
(1,663 posts)From the article:
Trade deficit. The United States has purchased more from overseas than it has sold abroad for years, a situation known as a trade deficit. The trade deficit declined during the Great Recession but has since expanded, which is typically a sign that the U.S. economy is growing robustly. Trump campaigned on bringing the trade deficit down, but it has grown during his tenure.
Business investment. Trump and his advisers said the goal of the GOP tax cuts was to encourage businesses to spend and invest more in new equipment and factories, which would then help boost the economy in years to come. While there was a slight bounce in business spending in early 2018, it has since plunged (even turning negative in the spring of 2019), largely because of the trade war.
More facts to go with your point #4
https://www.washingtonpost.com/politics/2018/09/18/trump-economy-versus-obama-economy/
According to the Bureau of Labor Statistics, the U.S. economy added 2,188,000 jobs in 2017 Trumps first year in office. So far, it has added 1,306,000 jobs in 2018. But the economy added more jobs in every year of Obamas second term than it did in Trumps first year. This holds true when examining the average number of jobs added per month. (We are counting average monthly jobs created from February to January because the January data is collected the week of Jan. 12, before a president takes the oath of office on Jan. 20.)
NewJeffCT
(56,828 posts)negative business investment
NewJeffCT
(56,828 posts)for something that may have been missed