Trump at Work -- Americans are spending like crazy. Can the good times last?
 

You are not allowed to post anything from CNN. :1orglaugh

Umm this is inflation.

Imports from China = 25% tarriffs = price increases

Gas = 35% price increase

People aren't buying more, they're paying more for the same. Sad

So 1/2 the time you're arguing the booming economy is Obamas doing... the other 1/2 the time you're arguing that a booming economy is terrible for everyone.

stupid fucking nitwit.
:1orglaugh:1orglaugh:1orglaugh:1orglaugh

The good times will end. Recession is coming. It always does. The question is, how bad will it be? Personally, I think it may be pretty bad. Not as bad as the last one, but still bad. Sure, people are working, but wages have been flat since the 1980's so people don't have a whole lot more money so they don't have any savings so they will find themselves in trouble pretty quickly.

I'll will agree with the price increase based on Trumps trade war with China.
We all knew it was coming one way or another. It was Trumps campaign promise.

The Gasoline market is not controlled by Trump. It's controlled by the global crude oil market. For decades around Memorial Day, prices hike do to more traveling in the summer.
Gasoline prices are still lower than where they were four years ago.

Sad but true 😭

From the article

Higher inflation is beginning to eat into people's paychecks. Wage growth has remained tepid, yet gas prices are rising, and tariffs have boosted prices on everything from cars to soda.

So yes, people are spending more because they are paying more for items. They aren't spending more because they have extra cash to spend!

Don't let the facts get in the way of your proChump propaganda!

He didn't realize the article was s trap for the alt-right to use as propoganda that backfires :1orglaugh

Can the good times last?
As in the elite getting wealthier while the forgotten working man gets fucked!

50% tp 60% of household don't have enough to save for a emergency.
Most households have average of 15k in debt.
Most live paycheck to paycheck

Just saw the other day that 57% of Americans have less than $1000 in their savings. If those people lose their jobs, they are fucked.

So: GFC2 moves a step closer. The US thinks that insular foreign policy innoculates it, but the harsh reality is that in the modern era, all financial crises begin in Wall Street.

BTW with the amount Trump has borrowed this year + the billions of loot he allowed to come back + lowered taxes.. if your economy is not surging more than it has at anytime in the past, then there's serious issues.

The Trump tax cuts are fiscal stimulus, not offset by increased budget revenue or cuts in spending (in fact expenditures actually increase).
The US budget deficit will increase over the next few years from 3 per cent of GDP to more than 5 per cent. Of course this will stimulate short-term growth, but at the cost of mounting government debt and a need to wind back the deficit later.

This is a politically driven sugar-high for your economy that's likely to backfire dramatically and YOU the tax payer will pay the cost.. well into the future.