"Booming economy" We've heard this joke of a term so many times from Trump supporters and Republicans/Wealth controlled news media but it's getting harder for them to pass this disinformation as real numbers are beginning to emerge.
This "booming economy" is SINKING!
This trade deficit will damage all of Americans financially as the effects of negative earnings from imports hit future markets. Millions of transactions! Foreign manufacturers will charge more for everything from batteries to raw materials.
Who loses? All of us!!! We will begin to see prices increase in coming years on pretty much every item we purchase at every store, every online transaction and this will intern hit all the services we need... Health care, government, utilities, etc.
It's hard for the average working stiff to imagine what a "greatest" deficit in history will do to them. And, as we know Trump has already increased the U.S. federal deficit to "greatest in history" levels too. So it's double barrels.... Trump supporters doubled down and now their joke of a President is running us aground.
Surprising that these bad numbers are happening so fast... usually it takes 3-5 years for an administrations mistakes to be seen. What were the early signs?
Trump Pressured the Federal Reserve to Lower Interest Rates Three Times in 2019. This Saved the U.S. from Diving into another Great Recession like 2008. But...
The Bad News? That was Just Like Putting a Band Aid on a Broken Leg. Leading Indicators Show Signs of an Even Worse Recession Coming Due to Trump.
Good news is only for Trump and his rich entourage of backers... They always know how to maneuver through rough times. They just pass their losses on to the peons... All of us not welcome at their board meetings and country clubs.
The View from Atop his Golden Palace will be rosy. Like Melania's skin after her $10k spa treatments....
and you can damn well bet Trump and the Trump clan are vesting their monies in lieu of the upcoming financially floods and droughts.
That's what happens when you give the greediest the keys to an economy. And this vote coming in November 2020 is sink or swim.
GAMA! "Great again my A**!"