Becoming Bush 3: Donald 'W' Trump steers the US economy towards the rocks

[Denizen]

The Bush family was never good at economics. It could be said they probably could not even spell it.

Now enter the stable genius Donald 'W' Trump the third Bush as the economy enters a period of peril from chaotic, unreasonable, gut decisions which have turned the world economy upside down.

MAGA and America First will slogans that portend doom for future POTUS's who consider using them.

The economy is tanking and Donald 'W' Trump is deluding himself and his base. 2.1% growth under Trump makes Obama appear like a superstar. 160,000 jobs growth is barely keeping up with population growth, but then, there is a finite demand for burger flippers and chicken fryer attendants.

How Bad Is The U.S. Economy In 2019?

How Bad Is The U.S. Economy In 2019?
Bill Conerly

The United States economy is growing moderately as of August 2019. Bits and pieces of economic information are released over the course of a quarter, and it’s human nature to recall the items that reinforce our prior beliefs, while ignoring those contrary to our preconception. For that reason, I periodically roll through many of the indicators that I track to assess our current condition. Right, now, we’re doing okay. Not exceedingly well, but certainly not in recession.
Real gross domestic product grew by 2.1% in the second quarter, in line with estimates of the growth of potential GDP. Potential is estimated based on the available labor force and productive capital in the economy. It’s a soft number, but worth looking at. To continue growing along with our potential is better than it sounds, because we are now running above potential. We should expect some decline to return to potential. The 2.1% growth figure is less than the historical average, but that average covers a period with population growth much greater than it is today. Our recent number is just fine.
The second-most-popular aggregate statistic for the economy is job growth, which at 164,000 net new jobs is just a little below the recent trend. The percentage gain in employment is well above the growth of population, though, indicating a tightening labor market. The number of job openings edged down recently, as did employee quits, but both are coming off very high levels. Call this area not quite as good as recently.