Manufacturing Jobs

Donald Trump’s Devastating Effects On The Economy

Ronald 1 Comment

President Donald Trump’s economic policies have had a devastating effect in a multitude of ways, as outlined in a NY Times article.

The economy is growing at under a 2 percent rate.

The deficit for the present fiscal year is going up by more than $2 Trillion, and the total national debt level is reaching $40 Trillion.

Tariffs are causing great disarray, and much of the amount collected has been ordered returned to corporations, but meanwhile alienating America’s allies and friends.

Manufacturing employment is declining, despite claims otherwise by the Trump Administration.

Inflation is eating away at the average wages of tens of millions of workers.

Gasoline prices are still above $4 a gallon.

Housing costs are rising, making it impossible for millions of younger Americans to consider purchasing a home, and the interest rates are high.

Health care costs are causing massive harm to tens of millions of Americans, as many who had been on “ObamaCare” no longer can afford it, and Medicaid cuts of massive amounts are on the horizon in 2027.

Donald Trump ran his campaign in 2024 promising a better economy, but the exact opposite has occurred.

A Fact That Cannot Be Denied: With Creation of 120,000 More Jobs, All Jobs Lost In Great Recession Are Recovered!

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A plain fact that Republicans and conservatives wish to deny is that the entire loss of jobs from the Great Recession under their President George W. Bush, the worst since the Great Depression, and actually in pure numbers, far worse, is nearing an end!

With next month’s report of job gains, the negative will finally have ended, six years after the total collapse!

Only 120,000 jobs need to be created, and every job created after that is additional, and the job growth will continue over the remainder of the Obama Presidency!

Yes, the author is well aware that this is not in itself something to rejoice, while we have so many people unable to make a decent living, and millions having to survive on the minimum wage or just above, and others further impoverished by the refusal of Republicans to extend unemployment compensation.

And manufacturing jobs, while reviving to some extent, are still losing to overseas competition, and too many jobs that are created are service jobs, traditionally low paid.

The fact of the recovery of the millions of jobs is to be saluted, but the need to create millions of new, high paying jobs is still the daunting task of Obama and the next President of the United States, but with GOP obstructionism, that will continue to be difficult.

The fact of the recovery of jobs, however, should be bragged about by Democrats, and should be a major factor in avoiding major loss of seats in the House and Senate, as if the Republicans had cooperated in the past four years, our economic revival could have been swifter and more focused on creation of good jobs, rather than just minimum wage jobs, which are in pay, 25 percent behind what they were in economic value in 1968!