Trump's Economy Still Unable to Rise above 3% Growth

Hold on with the lack of growth. The tax cut hadn't set in, the cut's on imports some countries have agreed to just got done and the plants moving here haven't had a chance to set up yet. But here is what is coming.


LG Electronics Building U.S. Factory After President Trump Criticism ...
Fortune.com/2017/02/28/lg-electronics-us-factory/
Feb 28, 2017 - LG rival Samsung Electronics was also considering building a U.S. Manufacturing plant as a response to criticisms about imports from Trump,

ExxonMobil

On March 6, CEO Darren Woods said the company is investing $20 billion in Gulf Coast manufacturing operations over 10 years, creating 45,000 jobs.

Charter Communications

On March 24, Charter Communications announced plans to invest $25 billion in the United States and to hire 20,000 American workers in the next four years.
U.S. Steel: 10,000 Jobs

Next, during a December 7 broadcast of CNBC’s Power Lunch, the CEO of U.S. Steel Mario Longhi said that after the election of Donald Trump, he has “felt an environment of positive optimism where forces are converging to provide for a better environment,” which he hopes means he can rehire up to 10,000 employees who had been laid off.

IBM: 25,000 Jobs

A week after U.S. Steel noted its bullish outlook on the U.S. Economy, computing giant IBM also found its outlook had brightened and reported that it expects to create up to 25,000 new jobs in the U.S.

Hasbro is to start making play-doh in the U.S. Again.

U.S. Hasbro, Inc. Is returning to the U.S. And will make the beloved children’s modeling clay in a Massachusetts factory rather than in China or Turkey.

Toyota and Mazda to build $1.6 billion factory in the U.S ...
Money.CNN.com/2017/08/04/news/economy/Mazda-Toyota-jobs-factory...
Aug 04, 2017 · Toyota and Mazda have announced plans to build a $1.6 billion manufacturing plant in the United States that will create as many as 4,000 jobs.



Fiat Chrysler Is Moving a Plant From Mexico to Michigan ...
Fortune.com/2018/01/12/fiat-Chrysler-Michigan-Mexico-nafta
Fiat Chrysler said it will shift Ram pickup truck production from Mexico to Michigan, lowering risk if President Trump pulls out of NAFTA.

Apple creates 2,000 jobs shifting production back to US ...
https://www.theguardian.com/technology/2013/nov/05/apple-creates...
Apple creates 2,000 jobs shifting production back to US ... Engineering and construction jobs at a new plant in ... The first Macintosh computer made in America since ...



Bayer AG (ADR)


Bayer representatives announced that as part of their purchase of Monsanto, they were committing to keeping Monsanto’s 9,000 U.S. Jobs in the country, plus adding 3,000 new high-tech jobs for American workers.


Ford Motor Company (NYSE:F)




Ford Motor Company had been planning to build a $1.6 billion factory in Mexico.

Instead, the company announced it was cancelling the Mexican car factory and added that it would invest $700 million to expand its Flat Rock Michigan factory. The money will go toward manufacturing high-tech electric, hybrid and autonomous cars and adds 700 U.S. Jobs.

Hyundai Motor Co


The South Korean auto maker announced it will boost its spending in the U.S. By 50% over planned levels, spending $3.1 billion over the next five years.

That money will go to retooling Hyundai’s existing U.S. Factories and research into high-tech systems such as autonomous vehicles. Hyundai said it is also considering building a new factory specifically to build premium vehicles for the U.S. Market.

The company didn’t give specific number for job creation, but with that kind of expenditure — and the possibility of a new factory — it’s definitely going to be more jobs for American workers.


It's Chinese-made in America.

China [/a]isn't the cheap place to manufacture that it once was, and rising costs have been forcing manufacturers to explore new countries to make their goods.

https://finance.yahoo.com/news/apos-made-china-apos-could-042148976.html

 

4th quarter results were 2.5% and all of a sudden have became 2.9%. We will see.

 

Do you?

'Equities are stagnating, the trade deficit is tanking, the dollar as well, retail sales are going backwards and the GDP growth sucks.'

http://www.politicalforum.com/index...ver-700-points.529096/page-25#post-1068870886

 

Which means, it’ll be much higher.

 

PR announcements mean NOTHING...they make them all the time. More times then not, they do little/nothing in the end.

Besides, the trade deficit is skyrocketing under Trump.

https://www.census.gov/foreign-trade/Press-Release/current_press_release/exh1.pdf

Brag about the job Trump is doing when the trade deficit is shrinking...not when a bunch of CEO's are trying to get on Trump's good side in the media (because they know Trump is a moron who ONLY reads the headlines and almost NEVER reads the details).


I agree with Trump's corporate tax cuts. But I am 100% against the trickle-down bullshit of the rest of the cuts.

Plus, the idiot cuts taxes without cutting spending - so the deficit will probably skyrocket.


And please save the Trump bullshit that the deficit will shrink because the tax cut will cause growth....it won't.

It has not so far - and it almost certainly won't.

https://www.frbatlanta.org/cqer/research/gdpnow.aspx

 

Well per Trump it is.

 

I expect the deficit to go up in the beginning. You've given all these tax cuts and haven't had the time to see the growth. I have already showed a lot of growth coming, even if you say it won't. We are already seeing it in the additional hiring. As these plants get set up it will continue to grow. I'm glad to see these auto companies moving here. They say for every auto worker working in the plant, it creates 6-8 additional workers outside the plant to service it.

You would love for it to be Trump bull ****, but it isn't. Many of these companies will expand business that couldn't do it with all those regulations and high taxes. This is the best thing to happen for the poor and middle class in decades. Good paying jobs taking the place of Obama's low paying part time and service jobs.

 

You could go on with individual examples.

But the big picture is that more jobs have not been created with donald in office that was the case when Obama was in office.

 

Well. I think, Trump will strive to do better, and we will give him a chance... won’t we?

 

Are yes... go ahead and remind us about all these Obamajobs, synonymous with low wage and part time. As if we’ve forgot

 

The man has only been in office a little over a year. The tax cuts just went through a few weeks ago. Rome wasn't built in a day. Lets see what it looks like in the third quarter when companies have time to react to those cuts.

 

There's not much to do.

Trump will rush the country into a recession by unleashing a trade war with China.

Tarifs aren't even in place and the Dow plunged last week.

 

I think he spewed crap to get supporters, I don't think he has any idea how to accomplish those goals anymore than he knows how to make money at casinos, and it's not up to me to give him anything, it's up to him. So far, he's not going down the right path. Tariffs will not grow the economy one bit. They will do the opposite. That was about getting votes. And the same with the tax cuts. Those were like the kid who promises free pizza Friday's and no homework. It's not anything real, it's just to buy votes. There is nothing that supports the notion that either of those policies will yield that much growth. That said, it's really not as much up to the president anyway, so I'm not as concerned about this and Trump as some others might be.

 

Last week?

 

It's real all right. These companies I posted are coming. and they wouldn't be without those cuts in regulations and taxes. It seem like S. Korea has dodged the tariffs, by agreeing to double the number of autos imported into S. Korea and put a limit on the steel they can sell here. Isn't that what Trump wanted to do? Now lets see how many other countries dodge the tariffs by playing fair.

 

First of all, what's your definition of "fair"? If I don't know that, I can't answer your question. Is fair to you them buying more of our stuff than we buy of theirs? Is it us each buying the same? Or is it acknowledging what most economics know that trade deficits don't matter. And by most economists, I mean pretty much all of them ESPECIALLY the GOP ones. And what choice does South Korea have BUT to accept our terms? They need us to bolster themselves against China and North Korea. It's not exactly a fair and level playing field there you do realize. We have a bit of gun to South Korea's head.

Your list above is silly. You do know what "capital investment" in plants means in 2018, right? Automation. Ask all those Japanese auto makers...oh that's right, you can't speak robot. Neither can I, don't worry about it. 700 new jobs? You realize that's not a victory. And your other links are vague on job promises. Every company promises to create jobs. How many they actually create is much less. They don't WANT to create jobs. They want to make money. More jobs equals less profits. So they are not interested in creating jobs. Don't tell me they are, I work for a corporation and we spend a lot of money to come up with ways to not hire more people. When the jobs are actually created and in those numbers, then I will count them along with you. This is me being skeptical of the businesses, not Trump at the moment.

I don't disagree, it's way too soon for Trump to get any credit or discredit. In fact, I can argue that most of that job creation was going to happen based on the past 10 years of economic change. So I think some of the rebound and growth we have seen has to be due to the past Congress and president. I mean, unless you are ready lay full blame and credit at the feet of Donald Trump.

 

Brag about things that are real.

Bragging about promises means NOTHING.

When the factories are built AND up and running AND are employing Americans...then it means something.

Now...it means nothing.

The fact that you take promises as fact speaks volumes about you.


Now me? My attitude on EVERYTHING is - I will believe it when I see it.

 

2015:

U.S. household incomes soared in 2015, recording biggest gain in decades
https://www.washingtonpost.com/busi...f8e0dd91dc7_story.html?utm_term=.904c5ae33439

The middle-class American family saw the largest income boost on record last year
https://qz.com/780475/us-census-bur...se-in-history-in-2015-rising-5-2-almost-3000/

But you wouldn't have known that when your entire worldview is based on RW propaganda.

 

Good point.

It will take a little while for the full impact of his policies on the deficits and debt to register in the data.

 

Obama's couldn't get over 1.9%......so what's your point?

 

It might not to you, but it will and does to the millions flipping hamburgers under Obama's economy. It does to those that have gotten raises, bonuses and better benefits because of those tax cuts. Obama had eight years to get this economy going and he did with mostly bad jobs. Your going to see the results before this election.

 

It was 1.48% - the fourth worst economic record in American history.

 

Evidently, an inability to read.

Or maybe it's math. Last I checked 3.2% > 3%.

The Babeuvian Illiterati strikes again.

 

Got to expect the deficits to go up. I look for them to go up for the first couple of years, until these factories get set up and start hiring. Then the taxes will start rolling in. Millions getting off of welfare, also saving taxes. People buying again and paying taxes. Funny you on the Left didn't seem concerned with the loss of taxes with companies moving out and millions losing jobs and Obama's spending. He just about doubled the debt of all Presidents

 

There is no unbiased, factual evidence WHATSOEVER that the economy is ANY better on a fundamental level then it was under Obama (and I hated the way it was under Obama, btw).

Trump himself said on the campaign trail that the problems were the 'big, fat, ugly bubble' in equities thanks to the Fed. He has done NOTHING to fix that.

He said the U-3 was a joke - and it is. He has done nothing fundamental to fix that.

And you keep saying that this tax bill will make huge changes.

Why can you not wait until the changes actually happen before you give Trump credit for them? CEO's making promises has been going on for decades...they mean NOTHING.