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Friday, April 28, 2017

Rather A Slump Than A Bump

G.D.P. Report Shows U.S. Economy Off to Slow Start in 2017
Not only are middle-class Americans facing the threat of higher product prices through import tariffs, but they are also finding themselves on the losing end of Trump’s tax fantasies. After 100 days of erratic ruling by  President Trump, the economy is showing a minimal annual growth of barely 0.7% over the first quarter of 2017, a sharp decline from the 2.1 percent annual rate recorded in the final quarter of last year.
DollarsThat goes to show that you can’t just “talk-up” the economy with slogans and election campaigning, without actually doing some things right.  What was supposed to be a big Trump bump turns now into a Trump slump. Due to the performed Trump hate-rhetoric, tourism has already noticed significantly lower numbers of foreign travelers, and now the average American consumer is about to taking a hit as well, causing reduced revenue for retailers.
But it does fit the picture of running up a recession whenever Republicans are captaining the ship. And finally Trump admitted “I thought it was much easier”.

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