Obama didnt force companies to stay in the U.S....Trump did.
If there’s one thing I supported trump on is this: bringing jobs to us. He fucked that up hugely
What trump has done,like I said before is ride a gradual wave of positive job gains that started from Obama era policies. He simply had to stay the course, but nope,in trump fashion he obliterated it.
pic you notice ,this graph stops at 2018.
let’s look at 2019:
Despite the positive momentum going into 2019 there has been a marked slowdown in the manufacturing sector starting around mid-year. The Institute for Supply Management’s
monthly survey of manufacturing dipped into negative territory in August and September, hitting a low of 47.8 (below 50 signals contraction), a level not seen since the Great Recession. Subcategories of export orders, employment, and overall new orders were especially weak.
Capital investment declined by one percent in the second quarter, led by a downturn in aircraft sales. Total goods exports are set to decline slightly this year for the first time since 2016. A
Wall Street Journal survey of economists this month revealed that two-thirds of respondents think manufacturing is in recession already. Since somewhere around
30 percent of U.S. GDP is in manufacturing(including directly dependent sectors like mining, transportation and business services), this could lead to a general economic slowdown or recession if the sector does not reverse course.
And let’s look at the present.
recession,
while already loosing manufacturing jobs and growth we were double whammy’d by corona virus. I will admit corona wasn’t something he intended nor created but it is definitely something he fucked up. His inaction and false narrative dug us into a far deeper hole then we needed to be in.
An unemployment rate at 11.1 percent with 17.8 million out of work..when this unemployment benefit problem (lack of renewed benefits) ripples (2 weeks or so) expect an even bigger crash in economy.
factor this with The trade war with China thats putting investment on hold and raising costs for factories.
We got our selves a bonafied economic fuckfest.
In conclusion, he’s fucked up every economic situation about as much as you can.
the economy needs balance and safety right now, not hipshot,impulse policies designed to appease voter base.