2019/09/09

Recession Looming

It does beg the question though, that if we keep talking about it, do we bring it about?


a-manufacturing-recession-could-cost-trump-a-second-term

In 22 states—including electorally important ones like Wisconsin and Pennsylvania—the number of people working in factories actually fell in the first seven months of this year, according to figures compiled by the Economic Innovation Group, a think tank.

This isn’t what Trump promised. From his trade policy to tax cuts and deregulation, his grand economic vow was to bring factories home. By unraveling trade deals such as Nafta, taking on China, and deploying tariffs like economic cruise missiles, Trump’s “America First” agenda was supposed to boost growth in an iconic sector of the economy.