If democrats sweep November elections, nonpartisan Moody analytics anticipate stronger economic recovery with more economic growth and job creation than a republiclan sweep. Also Goldman Sachs expect higher S&P earnings. Increase in government spending fueled by increased tax revenue would boost economic growth and help offset headwind from higher tax rates. New trade policy would support corporate profits according to Business insider. According to nobel economist Klugman, Biden economic policies are credible while Trump's aren't.
If democrats sweep November elections, nonpartisan Moody analytics anticipate stronger economic recovery with more economic growth and job creation than a republiclan sweep. Also Goldman Sachs expect higher S&P earnings. Increase in government spending fueled by increased tax revenue would boost economic growth and help offset headwind from higher tax rates. New trade policy would support corporate profits according to Business insider. According to nobel economist Klugman, Biden economic policies are credible while Trump's aren't.
Quote Originally Posted by fubah2: Trump has the worst job losses on record heading into the election
Previously, Trump promises to be the greatest jobs creation president. Actually, Trump would be the first president on record since Truman to leave the white house with fewer jobs than when he started if he loses November election. 3.9 million jobs lost between January 2017 and September 2020 according to Bureau of labor statistics. Under Trump, US has become poorer, sicker and weaker.US cannot afford another 4 years of Trump's incompetence.
Another modern record for the trump-regime...
Quote Originally Posted by thirdperson:
Quote Originally Posted by fubah2: Trump has the worst job losses on record heading into the election
Previously, Trump promises to be the greatest jobs creation president. Actually, Trump would be the first president on record since Truman to leave the white house with fewer jobs than when he started if he loses November election. 3.9 million jobs lost between January 2017 and September 2020 according to Bureau of labor statistics. Under Trump, US has become poorer, sicker and weaker.US cannot afford another 4 years of Trump's incompetence.
Quote Originally Posted by fubah2: Trump has the worst job losses on record heading into the election Previously, Trump promises to be the greatest jobs creation president. Actually, Trump would be the first president on record since Truman to leave the white house with fewer jobs than when he started if he loses November election. 3.9 million jobs lost between January 2017 and September 2020 according to Bureau of labor statistics. Under Trump, US has become poorer, sicker and weaker.
rump cult members here call that ' winning ' lol
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by thirdperson:
Quote Originally Posted by fubah2: Trump has the worst job losses on record heading into the election Previously, Trump promises to be the greatest jobs creation president. Actually, Trump would be the first president on record since Truman to leave the white house with fewer jobs than when he started if he loses November election. 3.9 million jobs lost between January 2017 and September 2020 according to Bureau of labor statistics. Under Trump, US has become poorer, sicker and weaker.
If democrats sweep November elections, nonpartisan Moody analytics anticipate stronger economic recovery with more economic growth and job creation than a republiclan sweep. Also Goldman Sachs expect higher S&P earnings. Increase in government spending fueled by increased tax revenue would boost economic growth and help offset headwind from higher tax rates. New trade policy would support corporate profits according to Business insider. According to nobel economist Klugman, Biden economic policies are credible while Trump's aren't.
Quote Originally Posted by thirdperson:
If democrats sweep November elections, nonpartisan Moody analytics anticipate stronger economic recovery with more economic growth and job creation than a republiclan sweep. Also Goldman Sachs expect higher S&P earnings. Increase in government spending fueled by increased tax revenue would boost economic growth and help offset headwind from higher tax rates. New trade policy would support corporate profits according to Business insider. According to nobel economist Klugman, Biden economic policies are credible while Trump's aren't.
A blue wave of Democrats come November may be good for economy: Goldman Sachs
Goldman Sachs thinks a blue wave of Democrats — meaning full control of government via the presidency (Joe Biden), Senate and House — come November could be good for the U.S. economy.
A blue wave of Democrats come November may be good for economy: Goldman Sachs
Goldman Sachs thinks a blue wave of Democrats — meaning full control of government via the presidency (Joe Biden), Senate and House — come November could be good for the U.S. economy.
Quote Originally Posted by fubah2: Trump's job losses are the worst of any American president on record
Doubts about trade deal with China
On trade, 62% of executives said their businesses suffered from unfair trade practices in China. Yet a greater percentage -- 78% -- say the Trump administration's policies made US-China relations worse!
Trump imposed tariffs on hundreds of billions of exports from China to get the world's No. 2 economy to reform its trade tactics. The two nations reached a Phase One trade agreement in late 2019. Yet China is not living up to its promise to ramp up purchases of US goods, especially agricultural and energy products. Just 21% of business leaders said the Phase One deal positively impacted their business. Source: https://tinyurl.com/y6d7gmjl
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Trump's job losses are the worst of any American president on record
Doubts about trade deal with China
On trade, 62% of executives said their businesses suffered from unfair trade practices in China. Yet a greater percentage -- 78% -- say the Trump administration's policies made US-China relations worse!
Trump imposed tariffs on hundreds of billions of exports from China to get the world's No. 2 economy to reform its trade tactics. The two nations reached a Phase One trade agreement in late 2019. Yet China is not living up to its promise to ramp up purchases of US goods, especially agricultural and energy products. Just 21% of business leaders said the Phase One deal positively impacted their business. Source: https://tinyurl.com/y6d7gmjl
Fed chairman warns of economic tragedy hours before Trump ends stimulus talks
Federal Reserve Chairman Jerome Powell all but implored Americans to social distance and wear masks to help get Covid under control.
"A second wave of coronavirus could more significantly limit economic activity, not to mention the tragic effects on lives and well-being," Powell said. "Managing this risk will require following medical experts' guidance, including using masks and social-distancing measures."
And he said Congress must pass a massive new stimulus measure.
A few hours later, Trump said he would halt stimulus negotiations until after Election Day and require the GOP led Senate to instead focus on confirming another Conservative to the Spupreme Court immediately!
Fed chairman warns of economic tragedy hours before Trump ends stimulus talks
Federal Reserve Chairman Jerome Powell all but implored Americans to social distance and wear masks to help get Covid under control.
"A second wave of coronavirus could more significantly limit economic activity, not to mention the tragic effects on lives and well-being," Powell said. "Managing this risk will require following medical experts' guidance, including using masks and social-distancing measures."
And he said Congress must pass a massive new stimulus measure.
A few hours later, Trump said he would halt stimulus negotiations until after Election Day and require the GOP led Senate to instead focus on confirming another Conservative to the Spupreme Court immediately!
Federal Reserve Chair Jerome Powell urged Congress on Tuesday to pass a robust stimulus,
saying that providing inadequate support would weaken the recovery from the coronavirus recession while “overdoing it” would only strengthen the rebound.
“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in a speech at a virtual annual meeting held by the National Association for Business Economics. “Over time, household insolvencies and business bankruptcies would rise, harming the productive capacity of the economy, and holding back wage growth.”
Meanwhile, he said, there’s little downside to passing a relief package that some (GOP led-Senate) may view as excessive.
“Even if policy actions ultimately prove to be greater than needed, they will not go to waste. The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side-by-side to provide support to the economy until it is clearly out of the woods.”
Federal Reserve Chair Jerome Powell urged Congress on Tuesday to pass a robust stimulus,
saying that providing inadequate support would weaken the recovery from the coronavirus recession while “overdoing it” would only strengthen the rebound.
“Too little support would lead to a weak recovery, creating unnecessary hardship for households and businesses,” Powell said in a speech at a virtual annual meeting held by the National Association for Business Economics. “Over time, household insolvencies and business bankruptcies would rise, harming the productive capacity of the economy, and holding back wage growth.”
Meanwhile, he said, there’s little downside to passing a relief package that some (GOP led-Senate) may view as excessive.
“Even if policy actions ultimately prove to be greater than needed, they will not go to waste. The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side-by-side to provide support to the economy until it is clearly out of the woods.”
Another 840,000 Americans filed for unemployment benefits last week
New York (CNN Business)
Claims for Pandemic Unemployment Assistance stood at 464,437. PUA is targeted as those workers who aren't eligible for regular benefits, such as the self-employed.
Together, regular and PUA first-time claims stood at 1.3 million last week, on an unadjusted basis.
Another 840,000 Americans filed for unemployment benefits last week
New York (CNN Business)
Claims for Pandemic Unemployment Assistance stood at 464,437. PUA is targeted as those workers who aren't eligible for regular benefits, such as the self-employed.
Together, regular and PUA first-time claims stood at 1.3 million last week, on an unadjusted basis.
trump's epic failure with the pandemic response is partially to blame for the loss of 107,000 oil and gas jobs. Most aren't coming back anytime soon
New York (CNN Business) The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels. A staggering 107,000 jobs vanished from the US oil, gas and chemicals industry between March and August 2020, according to an analysis published this week by Deloitte. That's the fastest rate of layoffs in the industry's history -- and it doesn't even include the untold number of people on furlough or taking pay cuts. The vast majority of those energy jobs are unlikely to return anytime soon. Full story: https://tinyurl.com/yxuahmpw
trump's epic failure with the pandemic response is partially to blame for the loss of 107,000 oil and gas jobs. Most aren't coming back anytime soon
New York (CNN Business) The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels. A staggering 107,000 jobs vanished from the US oil, gas and chemicals industry between March and August 2020, according to an analysis published this week by Deloitte. That's the fastest rate of layoffs in the industry's history -- and it doesn't even include the untold number of people on furlough or taking pay cuts. The vast majority of those energy jobs are unlikely to return anytime soon. Full story: https://tinyurl.com/yxuahmpw
Goldman Sachs thinks a blue wave of Democrats — meaning full control of government via the presidency (Joe Biden), Senate and House — come November could be good for the U.S. economy.
Goldman Sachs thinks a blue wave of Democrats — meaning full control of government via the presidency (Joe Biden), Senate and House — come November could be good for the U.S. economy.
The US debt is now projected to be larger than the US economy
As a share of the economy, the estimated 2020 deficit is more than triple what the annual deficit was in 2019. And it's the highest it has been since just after World War II. "Debt is the size of the economy today, and soon it will be larger than any time in history," CRFB president Maya MacGuineas said.
The problem with such high debt levels going forward is that they will increasingly constrain what the government can do to meet the country's needs. Spending is projected to continue rising and is far outpacing revenue. And interest payments alone on the debt -- even if rates remain low -- will consume an ever-growing share of tax dollars.
Source: https://tinyurl.com/y3ayheyq
The US debt is now projected to be larger than the US economy
As a share of the economy, the estimated 2020 deficit is more than triple what the annual deficit was in 2019. And it's the highest it has been since just after World War II. "Debt is the size of the economy today, and soon it will be larger than any time in history," CRFB president Maya MacGuineas said.
The problem with such high debt levels going forward is that they will increasingly constrain what the government can do to meet the country's needs. Spending is projected to continue rising and is far outpacing revenue. And interest payments alone on the debt -- even if rates remain low -- will consume an ever-growing share of tax dollars.
New York (CNN Business) The second quarter was the worst financial hit in the history of the airline industry. The third-quarter results won't be much better. US airlines reported combined losses of $12 billion in the second quarter, excluding special items, as revenue plunged 86% from the prior year. And analysts are forecasting that losses will come to about $10 billion in the just-completed third quarter. Delta Air Lines (DAL) will kick off the flood of red ink on Tuesday when it reports results.
(All occuring on trump's watch)
Another huge round of airline losses is coming
New York (CNN Business) The second quarter was the worst financial hit in the history of the airline industry. The third-quarter results won't be much better. US airlines reported combined losses of $12 billion in the second quarter, excluding special items, as revenue plunged 86% from the prior year. And analysts are forecasting that losses will come to about $10 billion in the just-completed third quarter. Delta Air Lines (DAL) will kick off the flood of red ink on Tuesday when it reports results.
Quote Originally Posted by I_Need_A_Detox: Are the job losses in France, Spain, Italy and the UK because of Trump as well? Democrats nope job losses are significantly because of poor government response to the pandemic including adequate stimulus just like here rump who claims to be the great negotiator called off stimulus talks and the airlines r suffering because of that
Absolutely correct, Kelly.
This all falls on trump's head.
Literally nobody besides severely misinformed people think trump is blameless in any of this.
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by I_Need_A_Detox: Are the job losses in France, Spain, Italy and the UK because of Trump as well? Democrats nope job losses are significantly because of poor government response to the pandemic including adequate stimulus just like here rump who claims to be the great negotiator called off stimulus talks and the airlines r suffering because of that
Absolutely correct, Kelly.
This all falls on trump's head.
Literally nobody besides severely misinformed people think trump is blameless in any of this.
trump's epic failure with the pandemic response is partially to blame for the loss of 107,000 oil and gas jobs. Most aren't coming back anytime soon
New York (CNN Business) The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels. A staggering 107,000 jobs vanished from the US oil, gas and chemicals industry between March and August 2020, according to an analysis published this week by Deloitte. That's the fastest rate of layoffs in the industry's history -- and it doesn't even include the untold number of people on furlough or taking pay cuts. The vast majority of those energy jobs are unlikely to return anytime soon. Full story: https://tinyurl.com/yxuahmpw
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
trump's epic failure with the pandemic response is partially to blame for the loss of 107,000 oil and gas jobs. Most aren't coming back anytime soon
New York (CNN Business) The oil and gas industry is laying off workers at an unprecedented pace to cope with a pandemic that crashed energy prices and raised doubts about the future of fossil fuels. A staggering 107,000 jobs vanished from the US oil, gas and chemicals industry between March and August 2020, according to an analysis published this week by Deloitte. That's the fastest rate of layoffs in the industry's history -- and it doesn't even include the untold number of people on furlough or taking pay cuts. The vast majority of those energy jobs are unlikely to return anytime soon. Full story: https://tinyurl.com/yxuahmpw
Another huge round of airline losses is coming New York (CNN Business) The second quarter was the worst financial hit in the history of the airline industry. The third-quarter results won't be much better.US airlines reported combined losses of $12 billion in the second quarter, excluding special items, as revenue plunged 86% from the prior year. And analysts are forecasting that losses will come to about $10 billion in the just-completed third quarter.Delta Air Lines (DAL) will kick off the flood of red ink on Tuesday when it reports results. (All occuring on trump's watch)
The Senate GOP are ramming through the SCOTUS nomination in quick 20 some days, but these same GOP senators have failed to pass a bill for 2nd economy stimulus for over 4 or 5 months.
Quote Originally Posted by fubah2:
Another huge round of airline losses is coming New York (CNN Business) The second quarter was the worst financial hit in the history of the airline industry. The third-quarter results won't be much better.US airlines reported combined losses of $12 billion in the second quarter, excluding special items, as revenue plunged 86% from the prior year. And analysts are forecasting that losses will come to about $10 billion in the just-completed third quarter.Delta Air Lines (DAL) will kick off the flood of red ink on Tuesday when it reports results. (All occuring on trump's watch)
The Senate GOP are ramming through the SCOTUS nomination in quick 20 some days, but these same GOP senators have failed to pass a bill for 2nd economy stimulus for over 4 or 5 months.
The Senate GOP are ramming through the SCOTUS nomination in quick 20 some days,
but these same GOP senators have failed to pass a bill for 2nd economy stimulus for over 4 or 5 months.
Yes. Despicable.
Millions are hurting because of trump and yet, rather than making a deal, he calls off talks so he can ram through an ultra conservative who he believes will grant him a contested election -- regardless by how many votes Boden wins.
He also wants Barrett to strike down AFA as part of his "scorched earth" policy when he loses.
Quote Originally Posted by Europa:
The Senate GOP are ramming through the SCOTUS nomination in quick 20 some days,
but these same GOP senators have failed to pass a bill for 2nd economy stimulus for over 4 or 5 months.
Yes. Despicable.
Millions are hurting because of trump and yet, rather than making a deal, he calls off talks so he can ram through an ultra conservative who he believes will grant him a contested election -- regardless by how many votes Boden wins.
He also wants Barrett to strike down AFA as part of his "scorched earth" policy when he loses.
Millions are hurting because of trump and yet, rather than making a deal, he calls off talks so he can ram through an ultra conservative who he believes will grant him a contested election -- regardless by how many votes Boden wins.
He also wants Barrett to strike down AFA as part of his "scorched earth" policy when he loses.
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by fubah2:
Yes. Despicable.
Millions are hurting because of trump and yet, rather than making a deal, he calls off talks so he can ram through an ultra conservative who he believes will grant him a contested election -- regardless by how many votes Boden wins.
He also wants Barrett to strike down AFA as part of his "scorched earth" policy when he loses.
Previously, Trump promises to be the greatest jobs creation president. Actually, Trump would be the first president on record since Truman to leave the white house with fewer jobs than when he started if he loses November election. 3.9 million jobs lost between January 2017 and September 2020 according to Bureau of labor statistics. Under Trump, US has become poorer, sicker and weaker. US cannot afford another 4 years of Trump's incompetence.
"I'm the MOST HONEST human being that GOD EVER created!" - Donald "the felon" Trump
Quote Originally Posted by thirdperson:
Previously, Trump promises to be the greatest jobs creation president. Actually, Trump would be the first president on record since Truman to leave the white house with fewer jobs than when he started if he loses November election. 3.9 million jobs lost between January 2017 and September 2020 according to Bureau of labor statistics. Under Trump, US has become poorer, sicker and weaker. US cannot afford another 4 years of Trump's incompetence.
Democrats 
Hot Forum Topics
