Discover and read the best of Twitter Threads about #TrumpRecession
Most recents (15)
Under Trump, America lost 154,000 manufacturing jobs.
Under Biden, America has already gained 545,000 manufacturing jobs.
Under Biden, America has already gained 545,000 manufacturing jobs.
Under Trump, America lost 3 million #jobs while $8 trillion was added to the #debt.
He mortgaged our future and still had the worst jobs record since the Great Depression.
He mortgaged our future and still had the worst jobs record since the Great Depression.
Under Trump, America botched its #COVID19 response, putting us on the fast track to 1,000,000 dead.
Meanwhile, the economy collapsed: GDP declined 3.5% in 2020, the biggest drop since 1947.
2020 was the worst year for jobs since WWII.
thedailyedge.substack.com/p/worst-year-e…
Meanwhile, the economy collapsed: GDP declined 3.5% in 2020, the biggest drop since 1947.
2020 was the worst year for jobs since WWII.
thedailyedge.substack.com/p/worst-year-e…
THREAD:
Trump’s complete failure with #COVID19 turned what could have been a mild recession into a full blown economic crash—one that we may not fully recover from for many years.
How badly has @realDonaldTrump failed on the economy? (1/12)
Trump’s complete failure with #COVID19 turned what could have been a mild recession into a full blown economic crash—one that we may not fully recover from for many years.
How badly has @realDonaldTrump failed on the economy? (1/12)
The economy was weak heading into 2020 because of the failure of the #GOPTaxScam. Trump claimed his tax cuts for corporations and the already-rich would “skyrocket” the economy & deliver 5-6% GDP growth.
Reality: 2020 began with economists predicting growth of just 1.8%. (2/12)
Reality: 2020 began with economists predicting growth of just 1.8%. (2/12)
Growing consumer debt was also slowing the economy’s potential heading into 2020. As Wall Street Journal reported: “consumer debt, not counting mortgages, has climbed to $4 trillion—higher than it has ever been even after adjusting for inflation.” (3/12)
thedailyedge.substack.com/p/the-economy-…
thedailyedge.substack.com/p/the-economy-…
THREAD:
Trump’s complete failure with #COVID19 turned what could have been a mild recession into a full blown economic crash—one that we may not fully recover from for many years.
How badly has @realDonaldTrump failed on the economy? (1/12)
Trump’s complete failure with #COVID19 turned what could have been a mild recession into a full blown economic crash—one that we may not fully recover from for many years.
How badly has @realDonaldTrump failed on the economy? (1/12)
The economy was weak heading into 2020 because of the failure of the #GOPTaxScam. Trump claimed his tax cuts for corporations and the already-rich would “skyrocket” the economy & deliver 5-6% GDP growth.
Reality: 2020 began with economists predicting growth of just 1.8%. (2/12)
Reality: 2020 began with economists predicting growth of just 1.8%. (2/12)
Growing consumer debt was also slowing the economy’s potential heading into 2020. As The Wall Street Journal reported: “consumer debt, not counting mortgages, has climbed to $4 trillion—higher than it has ever been even after adjusting for inflation.” (3/12)
What does the 2020 Dem Platform say about #COVID19? Time to acquaint ourselves with the #DemPartyPlatform for 2020. A platform is guiding principles of a party/goals, vision, mission, promise. Only one party has a platform for the next four years/this is The Peoples Platform 1/15
The #COVID19 pandemic has hit small businesses especially hard. Democrats support making significant, immediate grants and loans to help small businesses make payroll, pay rent and other expenses, and keep their doors open when possible. 2/15 #DemPartyPlatform
Some estimates indicate as many as 40% of Black-owned small businesses may not survive the #TrumpRecession &small businesses owned by Asian Amer/Pacific Islanders/Latinos are also at risk. Dems will prioritize support for entrepreneurs of color, as well as female businesses. 3/15
Instead of the jobs he promised, #LyingTrump has presided over one of the worst economic disasters in American history. Since he became President: 7.8 million jobs have been lost — including 7,100 coal mining jobs and 274,000 manufacturing jobs. (1/10) thedailyedge.substack.com/p/trump-the-di…
Instead of the “phenomenal” healthcare he promised, we have an out-of-control pandemic caused by a total failure in public health leadership, a growing death toll—and even Trump death panels. #TrumpTheGrifter is still pushing #hydroxycholorquine? (2/10) thedailyedge.substack.com/p/the-trump-de…
Instead of reducing the $19.9T debt he inherited to zero like he promised, #LyingTrump’s policies ballooned the deficit and sent the debt soaring to $24T in his first 3 years. The #TrumpCrash of 2020 exploded the debt further, to the current $26.5T. (3/10)
Because #TrumpIsACompleteFailure in every way imaginable it's easy to forget ALL of the ways he's failed us. With the election just 100 days away, this THREAD and the attached article recap 10 key examples of Trump’s broken promises and colossal failures: thedailyedge.substack.com/p/trump-the-di…
#TrumpIsACompleteFailure Instead of the jobs he promised, Trump has presided over one of the worst economic disasters in American history. Since he became President: 7.8 million jobs have been lost — including 7,100 coal mining jobs and 274,000 manufacturing jobs. (2/11)
#TrumpIsACompleteFailure Instead of the “phenomenal” healthcare he promised, we have an out-of-control pandemic caused by a total failure in public health leadership, surging hospitalization rates, a growing death toll—and even Trump death panels. (3/11) thedailyedge.substack.com/p/the-trump-de…
After less than four years of Trump, the only things America leads the world in are death and devastation.
#TrumpTheDisaster -- a thread (1/11) thedailyedge.substack.com/p/trump-the-di…
#TrumpTheDisaster -- a thread (1/11) thedailyedge.substack.com/p/trump-the-di…
#TrumpTheDisaster Instead of the jobs he promised, Trump has presided over one of the worst economic disasters in American history. Since he became President: 7.8 million jobs have been lost — including 7,100 coal mining jobs and 274,000 manufacturing jobs. (2/11)
#TrumpTheDisaster Instead of the “phenomenal” healthcare he promised, we have an out-of-control pandemic caused by a total failure in public health leadership, surging hospitalization rates, a growing death toll—and even Trump death panels. (3/11) thedailyedge.substack.com/p/the-trump-de…
(1/25) JUST SO WE ARE CLEAR ON THE TIMELINE:
Dec 18th - House Impeaches Trump.
Jan 8th - First CDC warning.
Jan 9th - Trump campaign rally.
Jan 14th - Trump campaign rally.
Jan 16h - House sends impeachment articles to Senate.
Jan 18th - Trump golfs.
Jan 19th - Trump golfs.
Dec 18th - House Impeaches Trump.
Jan 8th - First CDC warning.
Jan 9th - Trump campaign rally.
Jan 14th - Trump campaign rally.
Jan 16h - House sends impeachment articles to Senate.
Jan 18th - Trump golfs.
Jan 19th - Trump golfs.
(2/25) Jan 20th - First case of coronavirus in the US, Washington State.
Jan 22nd - "No. Not at all. And we have it totally under control. It’s one person coming in from China, and we have it under control. It’s going to be just fine."
Jan 24th - "It will all work out well."
Jan 22nd - "No. Not at all. And we have it totally under control. It’s one person coming in from China, and we have it under control. It’s going to be just fine."
Jan 24th - "It will all work out well."
(3/25) Jan 28th - Trump campaign rally.
Jan 30th - Trump campaign rally.
Jan 30th - "We have it very well under control. We have very little problem in this country at this moment — five. And those people are all recuperating successfully."
Feb 1st - Trump golfs.
Jan 30th - Trump campaign rally.
Jan 30th - "We have it very well under control. We have very little problem in this country at this moment — five. And those people are all recuperating successfully."
Feb 1st - Trump golfs.
Instead of elevating Bernie” as was Trump’s hope “Democrats have decisively swung from flirting with socialism to Biden. ‘Biden’s success in the suburbs makes him an acceptable alternative to Trump. His turnout in the suburbs threatens the GOP Senate.’” nyti.ms/2TKGRVK
“If it was Warren or Bernie & no coronavirus, I think Trump might sneak by”– DeWine, Ex-Chair, Ohio GOP.
“But if it’s Biden, my IRA has tanked & we’re going to have complete disruption because of coronavirus, I think it’s a totally different story.”
nytimes.com/2020/03/12/us/…
“But if it’s Biden, my IRA has tanked & we’re going to have complete disruption because of coronavirus, I think it’s a totally different story.”
nytimes.com/2020/03/12/us/…
Dow Jones is down almost 27% in just 3 weeks. #TrumpRecession
If it was Bernie, "Trump might sneak by; “But if it’s Biden, my IRA has tanked & we’re going to have complete disruption because of coronavirus, I think it’s a totally different story.”– DeWine, Ex-Chair, Ohio GOP.
If it was Bernie, "Trump might sneak by; “But if it’s Biden, my IRA has tanked & we’re going to have complete disruption because of coronavirus, I think it’s a totally different story.”– DeWine, Ex-Chair, Ohio GOP.
Trump's speech last night unleashed complete financial panic. Financial crashes have a clear logic. The next step is likely to be major bankruptcies. The natural candidates are holiday industries & airlines, but failures are often surprising.
After a few major bankruptcies, the world is likely to face a liquidity freeze as after the Lehman Brothers bankruptcy on September 15, 2008. A liquidity freeze characteristically hits countries in the periphery with their own currencies, which will collapse.
To bring some stability to a world in financial panic, two factors are required:
1. International political cooperation and
2. Vast amounts of government liquidity.
1. International political cooperation and
2. Vast amounts of government liquidity.
The only thing keeping us from a full blown #TrumpRecession is your consumption. The consumer is strong while all else fails. If you limit your spending until #Election2020 you're helping to get #Trump out of office. RETWEET
#Resistance #DeutscheBankLoans #ResistersUnite #resist
#Resistance #DeutscheBankLoans #ResistersUnite #resist
Tariffs have increased prices on large appliances and other big purchases. It's in your best (#resister) interest to hold off on any big purchase until after the election. You'll ensure Trump can't boast about the economy, and you'll save money after #Dems are back in power.
You may think interest rates are low, so it's a good time to spend, however as the #TrumpRecession gathers steam the fed will need to lower rates. New #Dem prez will reduce tariffs. That will increase your buying power in 2021 and help @thedemocrats economy flourish.
1) Twitter REALLY wants to convince us that #TrumpRecession is trending.
Like, they REALLY REALLY REALLY want to convince people this is an important topic a lot of people are talking about.
Like, they REALLY REALLY REALLY want to convince people this is an important topic a lot of people are talking about.
2) They want to do this because an economic downturn can often be caused by panics, when enough people all simultaneously shit a brick.
Get enough people to think that a recession is on the horizon, they'll stop spending money, and trigger an economic panic.
Get enough people to think that a recession is on the horizon, they'll stop spending money, and trigger an economic panic.
3) Even South Park understands and explains this (this is the only place I could find the specific clip I was looking for. Yes it is a Kyle speech. Just roll with it.)
criticalcommons.org/Members/JJWoot…
criticalcommons.org/Members/JJWoot…
1) OH NO THE DOW JONES INDUSTRIAL AVERAGE STARTED LOW WTF
2) Quick, let's spread it out to 5 days. OH NO LOOK AT HOW LOW IT IS!
3) QUICK! 1 YEAR! .... Wait.... That's.... that's still higher than it was this time last year.... Well that's not so bad...
Trump’s Impeachable Offenses:
#76.) Trump is inciting violence against Democratic members of Congress. His rally attendants chanting “SEND HER BACK!” about @IlhanMN is the most racist rhetoric seen by this group and it will lead to death threats.
#76.) Trump is inciting violence against Democratic members of Congress. His rally attendants chanting “SEND HER BACK!” about @IlhanMN is the most racist rhetoric seen by this group and it will lead to death threats.
Trump’s Impeachable Offenses:
#77.) According to two people, Trump told McAleenan to block all asylum seekers from entering the United States. He claimed if McAleenan went to jail for it, he would pardon him. This is the DEFINITION of a high crime.
#77.) According to two people, Trump told McAleenan to block all asylum seekers from entering the United States. He claimed if McAleenan went to jail for it, he would pardon him. This is the DEFINITION of a high crime.
Trump’s Impeachable Offenses:
#78.) Trump mused about wiping the entire population of Afghanistan off the face of the earth as a potential solution to “win the war there.” Killing 10 million people is not a “win.” Trump is a threat to global security.
#78.) Trump mused about wiping the entire population of Afghanistan off the face of the earth as a potential solution to “win the war there.” Killing 10 million people is not a “win.” Trump is a threat to global security.
With the Dow Jones down 2% over the past 12 months, thought I'd look back at Trump's tweets about the stock market over time.
Lesson 1: When markets go down it's always connected to who the President is, but only when that President is Obama.
Lesson 2: Back in 2011 he complained about the Fed's low interest rates when he wasn't President, now he berates the Fed to keep rates low.
Lesson 2a: He's not very good at predicting inflation.
Lesson 2a: He's not very good at predicting inflation.
