Showing posts with label U.S. economy. Show all posts
Showing posts with label U.S. economy. Show all posts

Saturday, August 17, 2019

Trump 2020 election doomed by economic downturn


August 17, 2019: PROGRESSIVE STREET NEWS BYTE...Where Liberals Walk

The economy will be Donald Trump's downfall  

Same way Donald Trump runs the U.S.
Donald Trump's tax cut failed and since then the economy has begun a spiral down that just might carry him into the 2020 elections. The Guardian says that could be disastrous since the US economy is the centerpiece of his re-election campaign. And this is happening just two years into his first four-year term. In this same period during his predecessor's administration, President Barack Obama, he was ending the 2008 recession cause by George W. Bush.

Obama economy much better than Trump's...


T-rump has also given us escalating trade wars that are now threatening everything from big business to the farming community. The maniacy of Donald Trump is a menace that will bring this country to its knees and that is saying something for the most powerful nation in the world. Here's the scenario...
“The economy is absolutely critical to his re-election,” said Michael Steel, a former aide to the retired House speaker John Boehner. “The handling of the economy is, generally speaking, the only issue that he is viewed positively on in polling."
Trump's statement in his 2019 State of the Union address: “An economic miracle is taking place in the United States.” What he should have said was, 'It will take a miracle to get the United States back to where it was before the Donald Trump administration took office.'

Thursday, June 7, 2018

UPDATE: Democrats voting in November lead 50% to 40%

UPDATE: New NBC News/Wall Street Journal poll has Democratic leaning voters 10 points more than Republicans, 50% to 40%.

The economy is doing well, unemployment low, new jobs being added, average earnings up and domestic product growth at more than 4.5 percent. Gotta give the GOP credit for passing the tax bill that helped in this general improvement of things, but we mustn't lose sight of the fact that its primary purpose was to reward big business and the wealthy. There are actually three ways the tax plan does not live up to the promises that Trump made to the American people...
1. The cuts for the middle class are meager and temporary
2. There will be significant tax cuts for the ultra-wealthy
3. Individual income rates will not be simplified and are higher than promised
First, the answer to #1: "Middle-income Americans will benefit by around $1,000 initially, according to Tax Policy Center estimates. But by 2027, the majority of middle-class households would get no tax cut, and some would actually pay more." #2: The largest cuts as a share of income will go to taxpayers in the 95th to 99th percentiles of income distribution. #3: "In the final bill, the United States has the same number of tax brackets it had previously: seven." In other words, Trump's tax bill is a ruse for the average American.

But in its design to reward big business and the wealthy, the economy has improved, and the disguised drawbacks to average American benefits are simply left unsaid by Republicans. As one writer put it, "Congress upended the tax code, ladling out oodles to the rich, but also offering a sop to those in the heartland at the expense of the deep blue coasts." But even with all this good news...
"Democrat Conor Lamb pulled off the year’s biggest upset in March and snatched a congressional seat in western Pennsylvania last held by a Democrat more than 15 years earlier."
Added to this: "In the past eight special elections, Democrats have overperformed by an average of 9 points." The Dems have been chipping away at Republicans recently with a blueprint that seems to be working. It can only get better before November.

Read more: TRUMP’S BROKEN PROMISES: GOP TAX BILL FILLS WEALTHY PEOPLE’S POCKETS, TAKES MONEY FROM MIDDLE CLASS, POOR

Read more: Who has the edge for 2018: Republicans or Democrats?

Tuesday, February 9, 2016

Expert says Bernie sanders would make median income soar, create 26 million jobs

Harry Truman, Franklin Roosevelt

An economics professor from the University of Massachusetts Amherst predicts a Bernie Sanders presidency would move this country forward in such a positive way that it would solve many of the problems of the U.S. He would increase the median income more than $22,000, create 26 million new jobs while the unemployment rate would fall to 3.8%. Gerald Friedman says Sanders plan is broad-based and designed to help the middle class and needy.

Lyndon Johnson
Without the figures put in place now by Friedman, isn't this what Bernie has been saying all along? It isn't pie-in-the-sky like most republicans call it--even Hillary Clinton--but rather a proposal that will work. How many years now have we heard from the GOP that cutting taxes will boost the economy, but have only seen near disasters like Sam Brownback, Governor of Kansas, who almost brought that state to its knees? It just doesn't work.

The Sanders' campaign calls Their candidate's thinking "big," exclaiming that no one has attempted such a challenge since Presidents Roosevelt, Truman and Johnson. Those of us who joined the Bernie Sanders Revolution from the beginning believed that he could do what he said and have become more convinced by the month. But what is important is, by the looks of the latest national polls, Clinton 44%, Sanders 42%, so does the rest of the country.


Thursday, April 23, 2015

ECONOMY ON THE UPSWING-SO IS OBAMA


Working under almost insurmountable odds, Pres. Barack Obama has brought this country back from the brink with a significantly improved economy. A CNN/ORC poll found recently, "52% describe the U.S. economy as very or somewhat good, while 48% call it very or somewhat poor." These figures are a first for the Obama presidency but were a long time coming due to those odds. First, there has been a hateful Congress that opposed everything the President has done in the last almost seven years. A current example is the opposition of Loretta Lynch for Attorney General; it has taken 165 days and still counting. The other major odds he had to overcome is the massive damage done to the economy by Geo. W. Bush like the financial meltdown, two major wars, home market tanking, soaring oil prices, a shrinking dollar and more.

And what have Republicans accomplished during the Obama administration? Nothing, but confront and repel anything the President did. That's why the GOP Congress has an approval rating of 28%, disapproval of  67%.

Donald Trump Says He Will Be Indicted On Tuesday

  THAT'S TODAY... Manhattan District Attorney Alvin Bragg has brought the case to this point, now looking at a possible indictment. Trum...