Economy US manufacturing survey shows worst reading in a decade

[NoDak]

Yep seems this recession gear is overblown. I think whatever it was, trade wars, Brexit, business sentiment etc has passed.

Well, it does need to be put through already.

 

[ElKarlo]

Well, it does need to be put through already.

Objectively it is good for the US and for US workers. It is pretty much her and her party being pissy and its punishing the US

 

[NoDak]

Objectively it is good for the US and for US workers. It is pretty much her and her party being pissy and its punishing the US

It probably won't be getting ratified any time soon, and it was signed an entire year ago (November 2018).

 

[ElKarlo]

It probably won't be getting ratified any time soon, and it was signed an entire year ago (November 2018).

Yeah it is a sad state of affairs. I know Trump is a doof. But fighting him tooth and nail over every issue makes it hard to side with the Dems on anything. I dont see it passed til the next election.

 

[NoDak]

Yeah it is a sad state of affairs. I know Trump is a doof. But fighting him tooth and nail over every issue makes it hard to side with the Dems on anything. I dont see it passed til the next election.

It's kind of ironic because Pelosi took a lot of heat from the progressive wing for saying she wanted bipartisan cooperation after Dems reclaimed the House during the midterms. This item isn't even politics, it's economics and it will not face opposition when actually brought to a vote.

 

[ElKarlo]

It's kind of ironic because Pelosi took a lot of heat from the progressive wing for saying she wanted bipartisan cooperation after Dems reclaimed the House during the midterms. This item isn't even politics, it's economics and it will not face opposition when actually brought to a vote.

I hope so. There isn\t anything buried in it that should make it so that there is opposition

 

[NoDak]

I hope so. There isn\t anything buried in it that should make it so that there is opposition

Mexico already ratified it back on June 20th with 114 approval votes and only 3 in opposition.

The USMCA is a signed but not ratified free trade agreement between Canada, Mexico, and the United States which formally agreed to the terms on October 1, 2018. The USMCA was signed by United States President Donald Trump, Mexican President Enrique Peña Nieto, and Canadian Prime Minister Justin Trudeau on November 30, 2018.[1][2][3]

Compared to NAFTA, USMCA increases environmental and labor regulations, and incentivizes more domestic production of cars and trucks. The agreement also provides updated intellectual property protections, gives the United States more access to Canada's dairy market, imposes a quota for Canadian and Mexican automotive production, and increases the duty free limit for Canadians who buy U.S. goods online from $20 to $150.[4][5]

 

[Deleted member 110072]

It's kind of ironic because Pelosi took a lot of heat from the progressive wing for saying she wanted bipartisan cooperation after Dems reclaimed the House during the midterms. This item isn't even politics, it's economics and it will not face opposition when actually brought to a vote.

Merely PR I'd say, Pelsoi is the embodiment of partisan obstructionism on the dem side.

 

[NoDak]

Merely PR I'd say, Pelsoi is the embodiment of partisan obstructionism on the dem side.

Pelosi is extremely calculating and deft at what she does, and it possibly was but it definitely drew louder jeers than cheers from within her own party. She doesn't have control over the AOC, Omar, Tlaib's of the House Dems and there's been a lot extra on her plate to manage.

 

[NoDak]

I fail to see how federal interest rates have much to do with manufacturing growth... especially when they're already super fucking low and have been lowered twice this year.

He's so fucking stupid

 

[PEB]

Pelosi is extremely calculating and deft at what she does, and it possibly was but it definitely drew louder jeers than cheers from within her own party. She doesn't have control over the AOC, Omar, Tlaib's of the House Dems and there's been a lot extra on her plate to manage.

Trump supporters and many Republicans trickle some AOC, Omar and Tlaib into comments to stir the right. Reality President Trump is his own worst enemy.

 

[SammyPops]

Shocking that low paying antiquated jobs aren't coming back in droves under any circumstance.

Traditional manufacturing jobs were/are not low paying.

 

[tatanos]

Lowering the interest rate typically happens when investors don’t see any places they can invest their capital in which will give them enough profit to cover the money they need to pay the bank. If manufacturing is bad but the economy is still booming, it means we’re riding the high of another speculative debt bubble. It’s pretty stupid to blame Trump for lowering the interest rate when it’s an inevitable procedure of banks not attracting reliable investors.

All those upper class businessmen who got their tax cut after Trump won the presidency are doing fuck all with their money in terms of expanding domestic industry. They’re hoarding in tax havens, pursuing cheaper labor forces, offshoring manufacturing, and impoverishing the dying American middle class. There’s a great documentary on Netflix called American Factory where laid off GM auto workers making 25$/hr+ return to their closed factory now owned by a Chinese glass giant called Fuyao and have to accept 14$/hr. Also their attempts to unionize are crushed after that company spent 1 million dollars in anti-union propaganda and fired organizers.

Trickledown economics and austerity cuts on public infrastructure (healthcare, education, public transportation, etc) don’t work. They hurt the poor and keep them low-skilled and uneducated at a time when the global economy is at its most competitive and hungry for innovation.

 

[MVelsor]

Yep seems this recession gear is overblown. I think whatever it was, trade wars, Brexit, business sentiment etc has passed.

A fifth consecutive month of contraction, man. This is a new 10-year low, the trade war (read: tariffs) really needs to cease.

 

[ElKarlo]

A fifth consecutive month of contraction, man. This is a new 10-year low, the trade war (read: tariffs) really needs to cease.

It'd be nice if it ended soon. But I want China brought to heel and forced to behave. We can't allow them to flout the rules to their benefit. It can't work that way.