Maddog wrote:Rolluplostinspace wrote:Maddog wrote:The US economy is doing well. Give credit to whomever you want. However the debt is still rising and we have unfunded mandates that are a ticking time bomb. No one is interested in messing with that problem as it's not a flashy subject and its hard to translate it into a campaign add for a senators next election.
The US economy isn't doing well or auto sales numbers wouldn't be nose diving.
Home sales plunged in August.
Retaliation by China to tariffs already in place have made some American auto exports uncompetitive, and could collapse US auto sales by 2 million vehicles per year, resulting in the loss of up to 715,000 American jobs.
If the U.S. economy truly is doing ok like you say then why have there been four monthly declines in a row?
Maybe you've been at the media coolaid again Maddy?
The growth rate is up, as is the stock market. Unemployment is down. By most metrics the economy is doing very well. Most people are in agreement with that, even if they argue about who gets the credit.
The tariffs might be an issue in the near future, but Trump just reworked NAFTA so that shouldn't be a problem.
And per as usual, much of this is done with borrowing so there is that looming over the economy. Some day that debt will matter. And when it does, hang on to your hats.
Why were all those same metrics fake when Obama was in charge?
And let's not forget that for Obama the trend reversed what had happened under the previous administration Trump has merely benefited from Obama's momentum, at least thus far,
