Trump at work ... GM Unveils 7,000 New U.S. Jobs
- Thread starter Danbones
- Start date
Yes it will be great pain for the middle class and the poor and the rich will get richer. I see a bigger migration out of the US than occurred when so many blacks migrated from the south to the north. That leveled the playing field between white and black.........This election will level the field between the rich and the rest of the country. I see great pain for the economically challenged. I am reminded of Greece except it is only the middle class and the poor that will suffer. Greece at least had a great period of heath care, great pensions, a lot of paid holidays etc, etc, that the average US person does not have.
Sad that the average US citizen gets hit before they even got a taste of good times,
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Results have been underwhelming. According to data from the Federal Reserve Bank of Minneapolis, it took 76 months for the economy to gain back all of the jobs lost in the Great Recession. Cumulative increases in gross domestic product (GDP) from 2008-2015 were just 14.2%. Both recovery metrics are the worst, meaning slowest, in modern American history. Does this mean QE failed?
Read more: Quantitative Easing Report Card in 2016 | Investopedia Quantitative Easing Report Card in 2016 | Investopedia
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In late 2015, the Federal Reserve owned $2.394 trillion in U.S. government debt, far more than China or Japan or any other foreign holder. More importantly, the Fed made it incredibly cheap for the government to borrow. Total U.S. debt was $9.986 trillion in 2008, just 67% of GDP. These figures skyrocketed to $18.151 trillion in 2015 and 101% of GDP.
Read more: Quantitative Easing Report Card in 2016 | Investopedia Quantitative Easing Report Card in 2016 | Investopedia
Follow us: Investopedia on Facebook
Read more: Quantitative Easing Report Card in 2016 | Investopedia Quantitative Easing Report Card in 2016 | Investopedia
Follow us: Investopedia on Facebook
In late 2015, the Federal Reserve owned $2.394 trillion in U.S. government debt, far more than China or Japan or any other foreign holder. More importantly, the Fed made it incredibly cheap for the government to borrow. Total U.S. debt was $9.986 trillion in 2008, just 67% of GDP. These figures skyrocketed to $18.151 trillion in 2015 and 101% of GDP.
Read more: Quantitative Easing Report Card in 2016 | Investopedia Quantitative Easing Report Card in 2016 | Investopedia
Follow us: Investopedia on Facebook
That's amazing! Major expenditure decisions by auto manufacturers that would have taken years to put together involving hundreds of executives are suddenly the result of something that Trump said on Twitter since the election in November.
Magic!
The car makers seem to know what they are dealing with, though. Narcisistic bullies like Trump need to see every decision as their own idea. Business plans that have been in the Works for five years can suddenly be attributed to Trump, which is a handy way to duck under his radar. GM will keep building in Mexico, no matter what because Mexico has easy access trade agreements with 25 countries other than the US that the Americans don't have. GM wants to maintain access to a much larger market than just the United States. They can open up US operations here and there that will produce a more expensive versions of what GM Mexico produces for US consumption only, and everybody else gets the less expensive Mexican version. Trump looks like a hero. Nothing much changes for GM. Narcisist feels like a KING.
Magic!
The car makers seem to know what they are dealing with, though. Narcisistic bullies like Trump need to see every decision as their own idea. Business plans that have been in the Works for five years can suddenly be attributed to Trump, which is a handy way to duck under his radar. GM will keep building in Mexico, no matter what because Mexico has easy access trade agreements with 25 countries other than the US that the Americans don't have. GM wants to maintain access to a much larger market than just the United States. They can open up US operations here and there that will produce a more expensive versions of what GM Mexico produces for US consumption only, and everybody else gets the less expensive Mexican version. Trump looks like a hero. Nothing much changes for GM. Narcisist feels like a KING.
