Overall employment in manufacturing in the U.S. is still at its lowest level since before the U.S. entered World War II. https://t.co/h9j3S6zyuX pic.twitter.com/zdCgYQc8XV
— Pew Research Fact Tank (@FactTank) September 2, 2018
Category: Economy
Trump, Jr.’s misguided tweet on growth
The Trump cult is so quick to pretend Obama did nothing.
Top student loan regulator quits in protest
“The top government official in charge of regulating student loan companies is resigning in protest, writing in a blistering letter that the Trump administration has abandoned consumers.”
GOP gives Trump credit for the bull market and job creation
It’s hard to give Trump credit for the time period he deserves some for when Republicans make it sound like he deserves credit for all of it. Sad!
The next financial crisis
from the article: “It is infuriating that officials have put the welfare of most Americans at risk to enrich the wealthiest few.”
from the article:
“Of course, averages obscure a lot. Americans have not shared equally in the losses from the crisis. Families of modest means have far fewer, or in many cases zero, assets; they may have lost their homes and their savings. The average family of three earning less than $42,500 a year saw its net worth chopped nearly in half, to $10,800 in 2016, from $18,500 in 2007, the Pew Research Center found. Wealth of families earning $42,500 to $127,600 fell by nearly a third, to $110,100. Yet, the wealth of affluent families who earn more than $127,600 jumped nearly 10 percent, to $810,800. ”
“Before the crisis, the share of economic output that went to workers had been falling steadily since early 2001, when it stood at 64 percent. After the crisis it plunged to about 56 percent, according to the Bureau of Labor Statistics, rising only slightly in the last few years.
This is because as workers’ incomes have stalled, corporate profits have shot up…”
Trump’s huge lie on soybean prices
Trump lies every day but this is a whopper
update 10/7/18
Bull market
Trump never gives credit to Obama for the economy
The 2008 financial crisis cost every American $70,000
Support our teachers with higher salaries
Trump lies again
It would be good news even if he told the truth. He just can’t be honest. It makes it hard to give him credit when he exaggerates. Sad!