April 4, 2019
When Trump was based and on our side, he was following Bannon’s whole “Economic-Populism-Nationalism” program. The assumption was that if he brought back good jobs to the rust belt, the Republican Party would become the blue-collar worker’s party and not the party of free market/open borders Globalism like it’s been since almost forever.
After Bannon was kicked out for disagreeing with Ivanka over the choice of drapes in the West Wing, Trump subtly changed his economic approach. It became about helping out American businesses to boost the GDP and get more latinos and blacks employed and voting Republican or something. The whole plan is reminiscent of Bush II’s plan to get Mexicans into McMansions they couldn’t afford so that they could become “stakeholders” in America’s future and vote for lower taxes and more wars for Israel like the Conservative Inc. think tanks said they would.
It didn’t work for Bush II and it seems that it won’t work for Bush III (Trump).
Despite the tax cuts, the unlimited flow of unskilled labor and the increase in work visas, the economy is still cooling down.
Companies added the fewest jobs in 18 months in March, a private survey found, suggesting employers may have grown more cautious as signs of slower economic growth have emerged.
Payroll processor ADP said Wednesday that businesses added 129,000 jobs last month, down from the previous month’s gain of 197,000. Still, the job gains in March are enough to slightly lower the unemployment rate over time.
All the job gains were in service sectors, such as education and health care, which added a combined total of 56,000. Professional and business services, which include engineering, accounting, and other higher-paid work, added 41,000.
Manufacturing and construction firms both cut jobs last month.
Healthcare services means brown nurses and education means overweight libshit cat-ladies.
Manufacturing means white blue-collar men in rust belt states. Construction means the same + (admittedly) cheap Mexican coolie labor.
In other words, the demographic that Trump promised to help isn’t doing well in this economy.
And the one thing that I thought Trump would deliver on was a better economy (if only temporarily), but surprise surprise, I was far too optimistic.
Small businesses added just 6,000 jobs, far below the hiring by large and medium-sized businesses. Smaller companies typically struggle to compete in hiring with bigger businesses when fewer workers are available. Bigger companies can often provide higher pay or greater benefits.
ADP’s report does not include government employees and frequently diverges from the official figures. The government’s jobs report, due Friday, is expected to show that employers added 170,000 jobs last month and the unemployment rate remained 3.8%.
The U.S. economy appears to have slowed in the past couple of months, with Americans pulling back on their shopping, home sales flattening, and businesses reining in spending on large equipment, new office towers and other buildings.
Global growth is also slowing, with Europe nearly in recession and the U.S. trade war with China weighing on both countries’ economies.
Mark Zandi, chief economist at Moody’s Analytics, said that taken together these trends point to a broader economic slowdown and cautious hiring by employers.
“It’s fair to say that the job market is throttling back meaningfully from where it was months ago,” Zandi said.
I’ve been rused yet again.
In general, placing the success of your presidency on a bet that the economy would do well was a foolish decision.
Succeeding on the cultural war front was Trump’s forte and much easier to deliver on. If he pushed back on the tranny and gay and anti-White stuff successfully, he’d still have a base, regardless of the economy. And, of course, the immigration front was obviously the biggest and most logical front to focus on.
Repealing Common Core, tearing apart mayors of sanctuary cities, putting the screws on Wall Street…
So many winning moves… all of them left on the table!
But hey, Bitcoin is going up!
And no one my age even cares about the real economy anymore.
Crypto or bust.