Monday morning, before the stock markets on Wall Street opened, there was Donald Trump on TV speaking with urgency about the economic plight of the American People. Trump denounced hedge fund managers and added to his years long warnings about China. Yes, you read that right. Billionaire Donald Trump denounced hedge fund managers as parasites who unlike him built nothing.
Hillary? Obama? Biden? MIA.
In the first half hour of opening the markets spectacularly followed up the 350 point loss from Thursday and the 530 point loss from Friday. At one point the plunge was over 1,000 points and after violent ups and downs the market closed 588 points lower.
The big losers were not to be found on Wall Street however. The big losers today are Joe Biden and Hillary Clinton. Once again, Donald Trump is the winner of the entire week.
Anyone or anything associated with Barack Obama is today’s big loser, again. The Obama economy and the stink of Barack Obama will knock out any presidential candidate who defends Barack Obama economic policy in any way. The Associated Press decorates the funeral parlor:
AP survey: Dimmer outlook for US economy, wages and hiring.
For much of the economy’s fitful and sluggish six-year recovery from the Great Recession, analysts have foreseen a sunnier future: Growth would pick up in six months, or in a year.
That was then.
The latest Associated Press survey of leading economists shows that most now foresee a weaker expansion than they had earlier. A majority of the nearly three dozen who responded to the survey predict tepid economic growth, weak pay gains and modest hiring for the next two years at least.
“We no longer have reason for optimism that the economy is going to accelerate,” said Mike Englund, chief economist at Action Economics. “The real question is, when is the next downturn coming?”The “next two years,” no “reason for optimism,” “when is the next downturn coming?” is a frightening place for a presidential candidate who wants to be an Obama “third term” or even associated with Obama the boob.
|The Democrat's Great White Hope|