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Economy faltering, not growing, under Trump

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Ends never justify means. Ignoring this is a rationalization which flies in the face of all morality, including Christian morality. Trump’s unethical and incompetent statements and behaviors are material to any assessment of his competence as president.

This is the problem with which his base fails to come to terms. One cannot separate the things Trump says and does from who he is.

In conjunction with an out-of-control nightmare tweet habit, e.g. the Epiphany Day message, “I am a very stable genius” — one of 27 that day — Donald continuously crows about aspects of an economy really not in his control, such as the stock market. And his base uncomprehendingly applauds his “mission accomplished” statements.

The following is a reality check from an article entitled “Experts see stocks climbing in 2018” from the Sunday’s News & Observer: “The global economy was depressed during 2015 by the plunge in the commodities industries around the world, said Ed Yardeni of Yardeni Research. It did not cause a global recession, but it did cause a global slowdown, in other words, 2015 was a global synchronized minibust. Then, 2016 was a global synchronized recovery from that bust. And 2017 was the beginning of what turned into a global synchronized boom that lasts into 2018.….China (too) has been providing an enormous stimulus. They are pumping $2 trillion in increases in bank loans the past 12 months, said Yardeni.”

Given that the only economic bill passed by Republicans came at the very end of 2017, there is no justification for giving Donald or the GOP credit for any real economic growth either, because there wasn’t much. Another much less-hyped component of the economy by Republicans are jobs and wages.

Jobs growth numbers in 2017 were worse than 2016 — Obama’s last year — and  the weakest since 2010.

Also absent was any discernible across-the-board increase to hourly wages.The U.S. Bureau of Labor Statistics said real average hourly earnings  increased 0.6 percent over the year ended May 2017 and real average hourly earnings for all employees decreased 0.2 percent from October to November, seasonally adjusted.

Funny, when I attempted to expand the PDF for the above referenced U.S. Bureau of Labor Statistics entry from Google’s list, I got “We’re sorry, the BLS website is temporarily unavailable.”

I bet it is.

Deborah A. Baro

Wilson

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