Hey, Possum Hollar, How’s That Trade War Working Out For Ya?

Our Stable Genius

Guys, remember all the economic anxiety and how Possum Hollar rushed to vote for The Grifter because he was going to open factories and what not? Bloomberg says maybe not happening so much:

The two swing states lost the most manufacturing jobs in the past 12 months, bucking the national trend. In Pennsylvania, home to steel mills, the number of factory positions fell by about 8,000 and in Wisconsin the loss was just over 5,000, according to regional data from the Labor Department Friday.

The states are important for Trump, whose pledges to reignite the sector are a cornerstone of his economic message. In the past year, though, manufacturing has weakened amid a trade war with China and slower global demand, making some companies hesitant to invest….

The data tell a different story: The industry slipped into a recession during the first half of 2019 and one gauge of manufacturing direction, the Institute for Supply Management’s index, showed a contraction in August for the first time since 2016. While data from the Federal Reserve showed some improvement last month, with production of goods increasing more than expected, the broader picture remains challenging.

So, how are the trade wars going, you ask? Oh, about as well as a smooth running Trump Machine:

The outlook for a near-term trade deal between the White House and China darkened on Friday, as President Trump called China a “threat to the world” and dismissed the idea of an interim agreement the same day Chinese officials canceled a planned visit with farmers in Montana and Nebraska. The combined news spooked investors, and the Dow Jones Industrial Average lost 160 points, or around 0.6%. Negotiations are set to continue, but the twin events on Friday suggested there is not an urgency on either side to complete an agreement.

And Axios informs us:

You might have heard that the poverty rate in America has finally fallen below its pre-recession level — but what has been less reported is that the number of Americans living in poverty is still higher than it was in 2007.

Why it matters: It’s even higher than it was in 1964, when the War on Poverty began.

So we got that workin’ for us.

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12 Responses to Hey, Possum Hollar, How’s That Trade War Working Out For Ya?

  1. julesmomcat says:

    …the natural consequence, when you elect a self-touted “successful business man,” who knows noting about how the world really works.

    Liked by 2 people

  2. HarpoSnarx says:

    “Where’s mah TRUMP! triple ballot? Them thar LIBRULS ain’t owned enough yet.”

    Liked by 1 person

  3. Le Sigh. And Axios displays their innumeracy again.

    Why it matters: It’s even higher than it was in 1964, when the War on Poverty began.

    This is the same reason Orange Cheetolini keeps crowing about ‘more people working than ever in history!’

    Because there’s MORE PEOPLE than back then!

    Some people have an inner grammar nazi; I have an inner statistics nazi…

    Liked by 2 people

  4. donnah says:

    Farmers are loyal to this asshole of a president in spite of his deliberate, stupid tariffs. And in case they start to catch on to the plan, they’re being fed a lie that the USDA is to blame, in some conspiracy plot.

    Never underestimate the Trump loyalists’ willingness to believe anything in his defense nor the Trump administration’s cruelty to their devoted followers.

    Liked by 2 people

  5. laura says:

    It will be interesting to watch the gearing up the Christmas this year. Most toys and decorations are imports from China. If holiday sales are flat or declining, going in to 2020 with little economic steam will be ” A Thing.”

    Like

  6. MDavis says:

    ” Trump, whose pledges to reignite the [manufacturing] sector … ”
    If burning that sucker down counts, he’s met that pledge!

    Liked by 2 people

  7. Wisconsin is experiencing record levels of farm bankruptcies, out in the rural areas that voted overwhelmingly for him. Guess what? unemployed, unemployable and bankrupt farmers are STILL going to vote for him. Because they voted for the violence, hatred, and racism, not the economic policies. Happy to destroy their own lives, if they can see worse being done to black and brown people, not to mention liberals….

    Liked by 1 person

    • R White says:

      Those peoples’ reasons for supporting fat nixon are why we cannot have national healthcare for all like the rest of the industrialized nations of the world. Too many rural whites are blinded by their bigotry to see the benefits of giving women and minorities the same healthcare policies they all have. Besides, too many believe the foolish notion that taxation is theft and that our society should resemble that of Somalia…

      Like

  8. Big Bad Bald Bastard says:

    I’m just going to leave this right here. Whomp Whomp, indeed.

    Like

  9. roket says:

    President Trump called China a “threat to the world”. Trump loses face yet? Chop chop.

    Like

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