Trump's "Massive Recession" Has Long Been Upon Us

[Ontologuy]

So, Donald Trump predicts a massive recession.

"Predicts"?

For some people, that massive recession is already here: Donald Trump?s 'massive recession' is already here, for some people - Yahoo Finance.

... Trump wasn’t speaking to economists. He was speaking to millions of angry Americans who feel Trump is exactly right about economic collapse. For many of them, a kind of unacknowledged recession has been chipping away at their living standards for a decade and a half, with no end in sight.

That's right, for scores of millions of Americans, the ones the media owners don't want to focus upon because focusing on them is "bad for business", that 'massive recession' is still with them.

... incomes have grown by less than inflation in 28 states since 2007, indicating that the purchasing power of the typical family has declined in those states. Manufacturing employment – the higher-paying blue-collar jobs many families used to depend on – has dropped in all but six states since 2007. Among the states suffering the most with job losses and stagnant income: New Mexico, Nevada, Florida, Alabama and Michigan.

Yes, millions of American families are suffering right now, and they just don't connect with Bernie's utopian fantasy. They are, however, reached by Trump, and understandably so.

Some national numbers show the problem as well. Median household income, adjusted for inflation, is still 0.3% lower than it was in 2000, according to Sentier Research. That means the typical family earns slightly less than it did 16 years ago, an extraordinarily long period of stagnation.

That sounds bad, for scores of millions of Americans.

Workers connected to global trade and the digital revolution are doing well, and there are enough of them to push overall growth of the U.S. economy over 2% and create more than 200,000 new jobs each month.

And yes, it is bad, because the "economy", whatever animal an "economy" is, continues to grow, and that means prices have continued to rise, way above wages. Oh, and even though those bosses of the "global trade and the digital revolution" (which we all know means wage-slavers assembling cell phones in China), those very, very few in America who profit from that are doing well, those offshored/outsourced jobs are not to be found in American unemployment lines for the adversely affected millions of Americans.

Workers hoping for lucrative, lower-skill work that that doesn’t require a college degree are the ones who face declining opportunity.

Yeah, good ol' blue collar America is suffering the most.

Robots and software handle many of the rote jobs humans used to do (assembly-line work, travel agents, bank tellers)

And, of course, there are two types of "robots": 1) mechanical, and 2) wage-slaves in other countries. And look, white collar workers are suffering too.

The United States also has a thinner safety net than a lot of other advanced economies, especially those in Europe. On the whole, that has left millions of displaced workers who aren’t sure what to do, where to go or whom to ask for help. On the ground, where people live, there is not one U.S. economy, the way economists measure national data in the aggregate. There are at least two—the thriving digital economy of the 21st century, and the legacy, declining industrial economy of the 20th.

Sadly, we're no longer self-sufficient, and scores of millions of Americans are suffering to some degree, many greatly. This is bad for Americans.


Though he'd make a disastrous President in my opinion, Trump's no dummy. And, he's not afraid to tell the truth that media news outlets don't want to talk about.

Trump reaches a lot of hurting Americans in a way no other candidate does, and that's why he's winning in the GOP right now.

This article tells the general truth.

But, if you want more details and history here's a page in this landmark website that may actually cause you to feel just how bad things truly are right now: https://www.powerfulamericanpoliticalalliance.com/index.php?page=problem.

Trump isn't the answer, but no personality politician pandering for your vote by seducing you with the social issues is.

We the people focusing on economics are the answer to the problem, the correct answer.

Tick tock, Americans.

 

[Redress]

So if you change the meaning of the word "recession", then you can claim that some people are in one, even though they are not.

 

[What if...?]

So, Donald Trump predicts a massive recession.

"Predicts"?

For some people, that massive recession is already here: Donald Trump?s 'massive recession' is already here, for some people - Yahoo Finance.


That's right, for scores of millions of Americans, the ones the media owners don't want to focus upon because focusing on them is "bad for business", that 'massive recession' is still with them.


Yes, millions of American families are suffering right now, and they just don't connect with Bernie's utopian fantasy. They are, however, reached by Trump, and understandably so.


That sounds bad, for scores of millions of Americans.


And yes, it is bad, because the "economy", whatever animal an "economy" is, continues to grow, and that means prices have continued to rise, way above wages. Oh, and even though those bosses of the "global trade and the digital revolution" (which we all know means wage-slavers assembling cell phones in China), those very, very few in America who profit from that are doing well, those offshored/outsourced jobs are not to be found in American unemployment lines for the adversely affected millions of Americans.


Yeah, good ol' blue collar America is suffering the most.


And, of course, there are two types of "robots": 1) mechanical, and 2) wage-slaves in other countries. And look, white collar workers are suffering too.


Sadly, we're no longer self-sufficient, and scores of millions of Americans are suffering to some degree, many greatly. This is bad for Americans.


Though he'd make a disastrous President in my opinion, Trump's no dummy. And, he's not afraid to tell the truth that media news outlets don't want to talk about.

Trump reaches a lot of hurting Americans in a way no other candidate does, and that's why he's winning in the GOP right now.

This article tells the general truth.

But, if you want more details and history here's a page in this landmark website that may actually cause you to feel just how bad things truly are right now: https://www.powerfulamericanpoliticalalliance.com/index.php?page=problem.

Trump isn't the answer, but no personality politician pandering for your vote by seducing you with the social issues is.

We the people focusing on economics are the answer to the problem, the correct answer.

Tick tock, Americans.

Its actually forty years.

Look up "great divergence".

 

[cpwill]

So if you change the meaning of the word "recession", then you can claim that some people are in one, even though they are not.

Economics, like Math and Historical Reality, is all part of the great Establishment Conspiracy Against Trump.

 

[Carjosse]

"Recession"

 

[OrphanSlug]

So if you change the meaning of the word "recession", then you can claim that some people are in one, even though they are not.

It is just more **** that supporters of Trump will eat up, mainly because Trump speaks to people's anger. Intellect is not important to Trump... clearly.

 

[NeverTrump]

So, Donald Trump predicts a massive recession.

"Predicts"?

For some people, that massive recession is already here: Donald Trump?s 'massive recession' is already here, for some people - Yahoo Finance.


That's right, for scores of millions of Americans, the ones the media owners don't want to focus upon because focusing on them is "bad for business", that 'massive recession' is still with them.


Yes, millions of American families are suffering right now, and they just don't connect with Bernie's utopian fantasy. They are, however, reached by Trump, and understandably so.


That sounds bad, for scores of millions of Americans.


And yes, it is bad, because the "economy", whatever animal an "economy" is, continues to grow, and that means prices have continued to rise, way above wages. Oh, and even though those bosses of the "global trade and the digital revolution" (which we all know means wage-slavers assembling cell phones in China), those very, very few in America who profit from that are doing well, those offshored/outsourced jobs are not to be found in American unemployment lines for the adversely affected millions of Americans.


Yeah, good ol' blue collar America is suffering the most.


And, of course, there are two types of "robots": 1) mechanical, and 2) wage-slaves in other countries. And look, white collar workers are suffering too.


Sadly, we're no longer self-sufficient, and scores of millions of Americans are suffering to some degree, many greatly. This is bad for Americans.


Though he'd make a disastrous President in my opinion, Trump's no dummy. And, he's not afraid to tell the truth that media news outlets don't want to talk about.

Trump reaches a lot of hurting Americans in a way no other candidate does, and that's why he's winning in the GOP right now.

This article tells the general truth.

But, if you want more details and history here's a page in this landmark website that may actually cause you to feel just how bad things truly are right now: https://www.powerfulamericanpoliticalalliance.com/index.php?page=problem.

Trump isn't the answer, but no personality politician pandering for your vote by seducing you with the social issues is.

We the people focusing on economics are the answer to the problem, the correct answer.

Tick tock, Americans.

I'm still waiting for the economy to collapse and the stock market to go way down.... Economic doomsdayers are never right, they always say they are right after it happens and claim they predicted it would happen. Well, it's easy to keep predicting something to happen and then when it does to say that you were right....

 

[cpwill]

I'm still waiting for the economy to collapse and the stock market to go way down.... Economic doomsdayers are never right, they always say they are right after it happens and claim they predicted it would happen. Well, it's easy to keep predicting something to happen and then when it does to say that you were right....

I do think that there will be a devaluation of Chinese holdings in near future. But a "massive recession" in the US isn't supported by the data at this point.

 

[Orly?]

The economy is artificially propped up by very low interest rates and massive inflows of freshly printed money..

It's just like meth, they can inject and inject to keep going but sooner or later they are going to crash..

 

[iguanaman]

The economy is artificially propped up by very low interest rates and massive inflows of freshly printed money..

It's just like meth, they can inject and inject to keep going but sooner or later they are going to crash..

Why are low interest rates bad? They are where they are to curb the threat of deflation. High interest rates are the cause of many recessions. The fed has stopped "easing" and has not been injecting money for over a year.

 

[Chomsky]

So, Donald Trump predicts a massive recession.

"Predicts"?

For some people, that massive recession is already here:

<snip>

We are *not* in a recession.

We have had decades lacking in lower, working, and middle-class wage-growth, coupled with capital flowing upwards to the affluent, along with increased government taxation and fees levied.

The result is an economic atrocity for all but the wealthy, but it is not a recession.

 

[Orly?]

Why are low interest rates bad? They are where they are to curb the threat of deflation. High interest rates are the cause of many recessions.

Low interest rates are bad because they are inflationary and lead to bubbles and crashes such as the recent housing market crashes..

Curb the threat of deflation? LOL Inflation is much more of a threat than deflation..

 

[Ontologuy]

Trump speaks to people's anger. Intellect is not important to Trump... clearly.

And your point?

A vote is a vote.

And the politician who connects with the population's justifiable anger will get that vote.

With Trump, here it's about economics.

But with most politicians the emotion they seduce to win votes is via the social issues.

 

[Orly?]

But with most politicians the emotion they seduce to win votes is via the social issues.

Liberals..

 

[Fearandloathing]

We are *not* in a recession.

We have had decades lacking in lower, working, and middle-class wage-growth, coupled with capital flowing upwards to the affluent, along with increased government taxation and fees levied.

The result is an economic atrocity for all but the wealthy, but it is not a recession.

It doesn't matter a whit. "Recession", like so many terms that become critical has become ubiquitous and usually an answer for the fact a person isn't making near enough money as opposed to a real economics term.


We have to remember, the goal of everything Trump, is to advance fear and insecurity. "Recession', now the center of blame for not making enough money, is now a demon to be vanquished...go trump go...

 

[Ontologuy]

We are *not* in a recession.

We have had decades lacking in lower, working, and middle-class wage-growth, coupled with capital flowing upwards to the affluent, along with increased government taxation and fees levied.

The result is an economic atrocity for all but the wealthy, but it is not a recession.

Of course I know we're not in a recession from a technical definition perspective.

The OP article's point is that many Americans are suffering economically "as if" they were in a recession.

Trump knows this, and he plays on it to win votes.

Will he do anything about it? Who knows -- his rhetoric and website are very unclear both philosophically and strategically.

He's not my candidate for president -- I don't have one at all.

The point is that we have a tendency to forget that scores of millions of Americans are suffering economically .. until we see their anger.

Trump has given that anger a voice.

 

[Ontologuy]

Liberals..

.. and Conservatives.

 

[Gaugingcatenate]

It is just more **** that supporters of Trump will eat up, mainly because Trump speaks to people's anger. Intellect is not important to Trump... clearly.

Intellect? Just who is supposed to be your candidate then? Cruz would be the closest thing to being intellectual currently out there. There is nothing on the left that is in any shape, manner or form intellectual.

 

[NeverTrump]

Intellect? Just who is supposed to be your candidate then? Cruz would be the closest thing to being intellectual currently out there. There is nothing on the left that is in any shape, manner or form intellectual.

Come on...Don't you appreciate Bernie Sander's deep "forward thinking" ideas? /sarcasm

 

[Gaugingcatenate]

Come on...Don't you appreciate Bernie Sander's deep "forward thinking" ideas? /sarcasm

Well, to tell you the truth, I never ever got my free Obamaphone as promised, and he was the supposed to be our true savior... what's some silly old wispy haired "white" guy gonna do for us, ha ha ha ha ha

Besides, I already have a college education, paid for it myself... what is he gonna do for me, reimburse me? If so, I hope its at the going rate 'cause when I got mine, it was still affordable.

 

[Mr Person]

For some people, that massive recession is already here

Similarly, unicorns are already here for people who do not know what a unicorn is.










"Unicorn"

 

[OrphanSlug]

And your point?

A vote is a vote.

And the politician who connects with the population's justifiable anger will get that vote.

With Trump, here it's about economics.

But with most politicians the emotion they seduce to win votes is via the social issues.

My point was very clear. Anger means more to Trump than much else, including the subject of this thread... knowing what "recession" means.

 

[iguanaman]

Low interest rates are bad because they are inflationary and lead to bubbles and crashes such as the recent housing market crashes..

Curb the threat of deflation? LOL Inflation is much more of a threat than deflation..

Not really. Some inflation is good for the economy because it encourages spending and growth. Any amount of deflation is extremely detrimental to an economy for many reasons. The worst thing about deflation is that is curbs private and corporate spending when people wait to buy things because they will be cheaper next year. Interest rates are now lower than during the housing bubble so it wasn't interest rates causing it. It was unscrupulous lending practices by the Commercial banks.

 

[Orly?]

Not really. Some inflation is good for the economy because it encourages spending and growth. Any amount of deflation is extremely detrimental to an economy for many reasons. The worst thing about deflation is that is curbs private spending when people wait to buy things because they will be cheaper next year.

That is they theory they want you to believe...

So what if people wait to spend? Ever heard of saving money?

Nope, they want you to blow your money on Chinese crap as soon as you possibly can, which is reinforced by inflation, as in you better spend it NOW while it's worth something..

 

[iguanaman]

That is they theory they want you to believe...

So what if people wait to spend? Ever heard of saving money?

Nope, they want you to blow your money on Chinese crap as soon as you possibly can, which is reinforced by inflation, as in you better spend it NOW while it's worth something..

We live in a consumer economy where 75% of GDP is consumer spending. So yes we need people to spend money or the economy will crash and burn. Is that what you want? When spending drops so does hiring and layoffs take its place.