Trump inherited a booming economy, and has since been strangling it

Obama ended his term after spending its entirety fixing the crash of ’08, which was caused by Bush’s reregulation.

Trump inherited a booming economy, very healthy, and has since been strangling it by engaging our allies (and greatest trade neighbors) with trade wars, as well as thousands of deregulations, by destroying the C.F.P.B. and of course the tax scam bill.

Look at the history of the DOW for example and you can see a trend disrupted quite clearly. I’ve met trolls who actually will give trump credit for 2 months of the trend before he was even inaugurated!

Anyways, Yes we bounced back and then trump stomped on it for his wealthy benefactors, and we can see this because the yield curve has inverted.

https://www.thebalance.com/inverted-yield-curve-3305856

Here’s some more info, if you’d like some specifics.

Regulations Cut

Green energy R&D halved by trump while China, India, and EU double it  https://nexusmedianews.com/trump-wants-to-cut-funding-for-clean-energy-research-in-half-cf27a7dbecf6

NAFTA destruction causes Mexico to change corn source  https://www.reuters.com/article/us-trump-effect-corn-exclusive/exclusive-as-trump-trashes-nafta-mexico-turns-to-brazilian-corn-idUSKCN1G61J4

Trumps EPA lowers vehicle emissions standards  https://www.theverge.com/2018/4/2/17189920/environmental-protection-agency-greenhouse-gas

Trump signs enormous bank deregulation order  https://www.cnbc.com/2018/05/24/trump-signs-bank-bill-rolling-back-some-dodd-frank-regulations.html

Mulveny disbands all consumer protection board members  https://www.washingtonpost.com/news/business/wp/2018/06/06/mick-mulvaney-fires-members-of-cfpb-advisory-board/

Trump’s EPA is influenced by an ultra right Texas group  https://thinkprogress.org/ultra-right-texas-think-tank-wields-power-over-trumps-environmental-and-energy-policy-c0d1db66853b/

Trump admin seeks to further fuck over endangered species:  https://www.apnews.com/68e869b197c4485dab2709c607f28022/Trump-administration-seeks-endangered-species-rule-changes

Trump allows bee-killing pesticide:  https://www.theguardian.com/environment/2018/aug/04/trump-administration-lifts-ban-on-pesticides-linked-to-declining-bee-numbers

Tax cuts were used for stock buybacks, not wages  https://www.nbcnews.com/business/economy/what-did-corporate-america-do-tax-break-buy-record-amounts-n886621

Ivanka’s products spared from tarriffs:  https://www.huffingtonpost.com/entry/trump-china-tariffs-spares-clothing-shoes-ivanka-safe_us_5b42a597e4b09e4a8b2e72c3

Budget Deficit jumps 16% trump’s first year  https://www.bloomberg.com/news/articles/2018-07-12/u-s-budget-deficit-jumps-in-first-nine-months-of-fiscal-year

Per earlier prediction, deficit aiming at $1Trillion in 2019  https://www.reddit.com/r/investing/comments/901dyr/_/

Deficit $895 Billion – Sep 2018  http://thehill.com/policy/finance/406040-federal-deficit-soars-32-percent-to-895b

 Trump’s opened all the waters he can to oil drilling:

and he’s opened Federal lands like reserves to drilling:

https://www.usatoday.com/story/news/politics/2017/12/28/trump-administration-oil-gas-drilling/989066001/

Trump weakening Nuclear safety board:  https://www.propublica.org/article/nuclear-safety-board-information-access-trump-administration

Trump’s EPA allows Asbestos:  https://archpaper.com/2018/08/epa-asbestos-manufacturing/

Meanwhile, Russian company sells Trump-approved asbestos:  https://www.washingtonpost.com/news/business/wp/2018/07/11/approved-by-donald-trump-asbestos-sold-by-russian-company-is-branded-with-the-presidents-face/?utm_term=.a76a0b2a8222

Trump withholding $1.4 Billion in public transit funding  https://usa.streetsblog.org/2018/08/13/trump-administration-withholding-1-4-billion-in-transit-funds-authorized-by-congress/

Without Republican Policies, US would be in surplus:  https://www.budget.senate.gov/ranking-member/newsroom/press/report-if-not-for-republican-policies-the-federal-government-would-be-running-a-surplus

Trump economy worse than last 7 presidents by 12 metrics:  https://www.bloomberg.com/opinion/articles/2019-01-28/trump-economy-lags-clinton-s-obama-s-reagan-s-and-even-carter-s

Natl debt hits $22T for first time ever  https://www.cbsnews.com/news/us-national-debt-tops-22-trillion-for-first-time-in-history/?fbclid=IwAR3wbp8U1GKKVa4OkU_yJtLvFYGYEknzZowadaTVMoAGx32K4z9qN-1ozt4

Trade Deficit at record high years into trump’s trade wars  https://www.apnews.com/39d7158364814732ba2fbea3ed3ec40a

I include some EPA related links in here – deregulation against nature robs us as much as financial deregulation imo.

Ahem.

Tarriffs section

3 US companies strangled by trump’s tarriffs  http://thehill.com/policy/finance/391185-three-arkansas-companies-say-theyll-close-if-trump-doesnt-give-them-exemption

Wisconsin hurt by tarriffs:  https://www.jsonline.com/story/money/business/2018/06/08/tariffs-take-toll-wisconsin-manufacturers/682029002/

China’s oil tarriffs would disrupt $1Billion/month  https://www.reuters.com/article/us-usa-trade-china-oil-graphic/chinas-tariffs-on-u-s-oil-would-disrupt-1-billion-monthly-business-idUSKBN1JE0CD

Stock market falls amid trade fears  https://www.bbc.com/news/business-44524533

Chip stocks fall as Trump warns of tech investment restriction  https://www.cnbc.com/2018/06/25/chip-stocks-fall-after-trumps-reported-plan-to-restrict-tech-investme.html

US crops hurting in trade war, Farmers hope for truce:  https://www.apnews.com/1ef13a3121b1486cbb3efe0838eb8b49/Farmers-fret-and-wait-as-US-China-trade-war-escalates

US Taxpayers pay $12 Billion to cover farmer’s losses due to Trump Tariffs:  https://www.newsweek.com/trump-trade-wars-tariffs-farmers-bailout-1040309?utm_medium=Social&utm_campaign=NewsweekTwitter&utm_source=Twitter

PC company tarriff’d to death  https://www.independent.co.uk/news/world/americas/pc-case-maker-caselabs-latest-news-bankrupt-liquidated-us-tariffs-a8487416.html

Stocks drop amid China trade war worries:  https://www.reuters.com/article/us-global-markets/u-s-stocks-drop-on-china-trade-worries-argentine-peso-roiled-idUSKCN1LF01V?feedType=RSS&feedName=topNews

Trade deficit highest it’s been since 3 years ago, Trump is losing trade war against China  https://www.cnbc.com/2018/09/05/us-trade-deficit-jumps-by-the-most-in-3-years.html  https://www.businessinsider.com/trump-tariff-trade-war-china-eu-deficit-soybean-export-drop-2018-9

US not invited to canada trade talk:  https://globalnews.ca/news/4515734/canada-world-trade-organization-meeting-u-s-invite/

The tarriffs cost nearly as much as obamacare taxes (At $40 Billion+)  https://www.politifact.com/truth-o-meter/statements/2018/oct/12/national-taxpayers-union/trump-tariffs-cost-more-health-care-taxes/

Ford preparing layoffs due to tarriffs  https://finance.yahoo.com/news/ford-prepares-mass-layoffs-losing-002618564.html?soc_src=community&soc_trk=fb&fbclid=IwAR28XejR6SPzsNXKduU3HUTXdwHdHYy1OwsYbeIFUWaQ5QV9p3dVadzP0P8

Nebraska hit hard  https://www.omaha.com/money/agriculture/trade-conflicts-have-cost-nebraska-economy-more-than-billion-farm/article_ffdd7816-7fdb-56e4-b6c0-8c48051edf02.html

Farmers forced into bankruptcy  https://www.huffingtonpost.com/entry/trade-war-record-farm-bankruptcy_us_5c611dcee4b0910c63f251ad

Farmer debt high:  https://www.reuters.com/article/us-usa-farms-perdue/u-s-farm-debt-up-to-1980s-levels-at-409-billion-agriculture-secretary-idUSKCN1QG24Y?il=0

Trade deficit worsened by trade wars:

https://www.cnbc.com/2019/02/27/trade-deficit-in-goods-jumps-12point8-percent-amid-tariff-battle.html

Business confidence globally worsened by Trump Trade Wars  https://www.newsweek.com/donald-trump-tarriff-trade-war-destroying-business-confidence-around-world-1359017

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