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11 Very Depressing Economic Realities That Donald Trump Will Inherit From Barack Obama

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donald-trump-and-barack-obama-talking-in-the-oval-office-public-domainIt would be a grave mistake to understate the amount of damage that has been done to the U.S. economy over the past eight years.  In this article, I am going to share some economic numbers with you that are extremely sobering.  Anyone that takes a cold, hard, honest look at the numbers should be able to see that our economy is in terrible shape.  Unfortunately, the way that we see things is often clouded by our political views.  Up until the election, Democrats were far more likely then Republicans to believe that the economy was improving, but now that is in the process of completely reversing.  According to Gallup, only 16 percent of Republicans believed that the economy was getting better before the election, but that number has suddenly jumped to 49 percent after Trump’s election victory.  And the percentage of Democrats that believe that the economy is getting better fell from 61 percent to 46 percent after the election.  Here are some additional details from Gallup

After Trump won last week’s election, Republicans and Republican-leaning independents now have a much more optimistic view of the U.S. economy’s outlook than they did before the election. Just 16% of Republicans said the economy was getting better in the week before the election, while 81% said it was getting worse. Since the election, 49% say it is getting better and 44% worse.

Conversely, Democrats and Democratic-leaning independents’ confidence in the economy plummeted after the election. Before the election, 61% of Democrats said the economy was getting better and 35% worse. Now, Democrats are evenly divided, with 46% saying it is getting better and 47% saying it is getting worse.

The truth, of course, is that the result of the election did not somehow magically alter the outlook for the U.S. economy.

We still have a giant mess on our hands, and the following are 11 very depressing economic realities that Donald Trump will inherit from Barack Obama…

#1 Nearly 7 out of every 10 Americans have less than $1,000 in savings.  That means that about two-thirds of the country is essentially living paycheck to paycheck at this moment.

#2 Reuters is reporting that U.S. mall investors are poised to lose “billions” of dollars as the “retail apocalypse” in this nation deepens.

#3 Credit card delinquencies have hit the highest level that we have seen since 2012.

#4 Approximately 35 percent of all Americans have a debt that is at least 180 days past due.

#5 The rate of homeownership has fallen for eight years in a row and is now hovering near a 50 year low.

#6 The total number of government employees now outnumbers the total number of manufacturing employees in this country by almost 10 million.

#7 The number of homeless people in New York City (where Donald Trump is from) has hit a brand new record high.

#8 About 20 percent of all young adults are currently living with their parents.

#9 Total household debt in the United States has now reached a grand total of 12.3 trillion dollars.

#10 The total amount of corporate debt in the U.S. has nearly doubled since the end of 2007.

#11 When Barack Obama entered the White House, the U.S. government was 10.6 trillion dollars in debt.  Today, the U.S. national debt is currently sitting at a staggering total of $19,842,173,949,869.58.

Despite nearly doubling the national debt during his eight years in the White House, Barack Obama is going to be the only president in United States history to never have a single year when U.S. GDP grew by at least three percent.

So will Donald Trump waltz in and suddenly turn everything around?

Just like when George W. Bush was elected, there is a lot of optimism about the future right now among Republicans.

And in 2017, Republicans are going to have control of the Senate and the House in addition to being in control of the White House.

But does that mean that they will actually get anything done?

For a moment, let’s review what didn’t happen the last time the Republicans were in this position.  The following is an extended excerpt from an article by author Devvy Kidd

—–

The Republicans had control of both houses of Congress part of the time during Bush, Jr.’s two terms. Did they lock down our borders? NO.

Did they pass legislation to stop ALL funding for illegals which would self-deport millions of liars, cheats and thieves? NO. (READ, please: How to Self-Deport Millions of Illegals)

Did they stop trillions in unconstitutional spending? NO.

Did they get rid of any of Clinton’s unconstitutional Executive Orders? One or two but otherwise let Comrade Bill Clinton crap in our faces.

Did they get rid of one unconstitutional cabinet like HHS, Department of Education and EPA? NO.

Did they stop the unconstitutional foreign aid? NO.

Did they stop unconstitutional spending for Planned Parenthood? NO. Congress just continues to use borrowed money to spend more debt.

Did they stop unconstitutional spending for the gigantic hoax called global warming or climate change? NO. Trump: The Left Just Lost The War On Climate Change

Did Bush, Jr., get us out of all the destructive trade treaties killing American jobs? NO.

Did they crack down on visas bringing in tens of thousands of foreign workers when American workers who want to work are left in the unemployment line? NO.

Did they stop more and more federal regulations strangling America’s businesses? NO.

Did they impeach one single activist judge destroying our freedom and liberty? NO.

A Republican controlled Congress with a Republican in the White House and they did virtually NOTHING to restore America to a constitutional republic and constitutional spending.

—–

So will things be any different under a Trump administration?

We shall see.

There will be tremendous pressure to maintain the status quo in many instances, because the process of fixing things would undoubtedly make conditions worse in the short-term.

A great example of this is the national debt.  As I discussed yesterday, the only reason why we are able to enjoy such a massively inflated standard of living in this country is because we have been able to borrow trillions upon trillions of dollars from the rest of the world at ultra-low interest rates.

If the federal government started spending only the money that it brought in through taxes, our ridiculous debt-fueled standard of living would begin collapsing immediately.

We consume far more wealth than we produce, and the only way that we are able to do this is by borrowing insane amounts of money.

Either Donald Trump will continue to borrow money recklessly, or we will go into a major league economic downturn.

It really is that simple.

But when our politicians borrow money, they are literally destroying the future of this country.  So the choice is pain in the short-term or greater pain in the long-term.

There is a way out, and that would involve shutting down the Federal Reserve and going to a completely debt-free form of money, but that is a topic for another article.

And unfortunately that is not something that is even on Donald Trump’s radar at this point.

No matter who won the election, the next president was going to be faced with some very harsh economic realities.

There are many out there that have faith that Donald Trump can pull off an unprecedented economic miracle, but there are others that are deeply skeptical.

Let us hope for the best, but let us also keep preparing for the worst.

  • Tim

    “There are many out there that have faith that Donald Trump can pull off an unprecedented economic miracle, but there are others that are deeply skeptical.”

    Well said, Michael. I’ve been listening to the views of some in the alternative media. I’m inclined to agree with Peter Schiff who is quite skeptical that Trump can “make America great again.”

    We’ll just have to wait and see. Trump has a tremendous amount of work to do if he’s to make good on his promises.

    • watchmannonthewall

      I think politics has become a participant sport after this election. If the public that supported Trump sits back and waits to see if he does what he said, someone else will set the agenda. We need to make our voices heard in Congress and in the White House. The silent majority can’t let Georgie boy use his money to buy the change he want without a fight.

    • William Lutz

      I am also truly skeptical of DJT. He flip flops on positions, has character issues of his own, and frankly he will not be able to stop the USA ship from becoming like the Titanic. He is merely a reformer, not a revolutionary savior. God is our only hope for another future.

      • messianicdruid

        Not merely a reformer, a scapegoat. He was their choice all along. We’ve all been punked. When his stuff gets done it will be blamed, along with all that voted for him for the crash of the world economy. And most will believe it.

  • Esteban Quiros

    U asked my friend. Who believes un miracles???
    To be a man of faith, u dont have enough. Where there is will, there is power.
    Lets give this guy a chance. He deserves it.
    I have faith.

    • Mark

      Esteban, we are to have faith, but not in a man or a manmade system. Of course I can’t wait to see just what Trump can accomplish but like the bible says,,,we are not fighting flesh and blood, but principalities and powers of the air. Our Govt. needs God breathed prayers and a we need to place our faith in its proper place, God and God alone.

  • Genada

    The United States as far as the budget goes has already reached the point of no return. No matter how much we tax, no matter how much we cut we can not pay down the debt. The only choice left is to write down debt. We are Greece we just do not realize it yet.

    20 trillion is the number on the books but many sources place it much higher when you start to include unfunded liabilities, that number is somewhere north of 100 trillion.

    At some point in the future we are going to end up having a reset and after that reset we are going to need to figure out what it is that we really need and what we are willingly to pay for. We are also going to need to figure out who’s ripping us off and to make that stop. A large part of our spending is just cons.

    • Rick

      That’s a great post. You are right on. Austerity will hurt, but it will hurt a lot less with the Clinton’s kicking in all they and their foundation have since they won’t need it behind bars. Same for the Obamas, most of congress, big banks AND bankers, Wallstreet, you name it….I call it “The Swamp”. And it all has to get drained.

    • sister soldier

      That is if we could survive a reset.

    • BigGuy

      NOTHING you have written is true.

  • Schvinc

    Please stop talking about the election already!!! Move on, Michael!!! If you are not part of the cure then you are part of the problem.

    • Mark

      You want him to stop, seriously!! Trump is not even in the Whitehouse yet and you want him to stop!!!! Michael is bringing facts and you don’t want to talk about that. Excuse me, but you sound like typical Democrat. Just sayin.

    • charlie

      We are discussing the economy not the election as such

  • JC Teecher

    The first part of the agenda is to conform a policy that limits the purse strings, and finds ways to finance all the projects, that help middle class Americans that are the backbone to this nation’s stability.

    There is only one fair way to do that, in the beginning, and that is to “trim the fat”. The over bloated fat of a liberal/ bureaucracy = “overly concerned with procedure at the expense of efficiency or common sense.”

    Many unqualified gov workers will have to learn to live in the “real world” for a change, and quit sucking off the taxpayer’s teat.

    will it happen? probably not, but we can hope.

    • Bill G Wilminton NC

      Why Dont You Study What Trump Has Released About The First 100 Days Goals….

      • JC Teecher

        Because plans of men are soon to become folly, unless it is also the plans of God.

        • Bill G Wilminton NC

          Why Dont You Read What Trump Has Released About The First 100 Days Goals……

          • sister soldier

            Why don’t you read about what he is saying now? Is it the same defiance he had before becoming president elect? Better yet why don’t you look at the change in his body language (as a person) since he left the white house?

            Who knows what horrific things the powers that be showed this man if he doesn’t play ball with them? Yes prayer is needed for him as he is now in a world of trouble. He picked a fight with the globalists and now they are showing him why they allowed him to win.

            Watch him the next time he speaks and you will see there is a change in him and it’s not good. Trump looked as if he had seen a ghost when he left the white house meeting. You should really pay attention to the forest and not the tree. Donald has been initiated and he now knows that he made a mistake but can’t get out.

          • Rick

            You may be right, but only time will tell. I think we give the globalists/establishment/elites or whatever term they will be called next year, way too much credit/power/blame.

          • Bill G Wilminton NC

            THEY ” The New World Order Globalists Did Not Allow Trump To Win…..He Took It From THEM With God’s Hand On His Shoulder.

            You Should Pay Attention To The Facts And Not YOUR ” Over The Moon Thoughts ”

            Trump Has Now Warned The Sanctuary Cities If You Do Not Comply No More Block Funding And Vows To Break Them Up…..Does Not Sound Like A Man Afraid Of His Shadow Or A Man Who Saw A Ghost ……BOO !!!

          • Paul Patriot

            I fear you are right on. His demeanor has changed, perhaps because he has been made aware of those who are much richer and much more “powerful: than and with much more influence.

            I listened to a podcast on Crosstalk today analyzing Trumps goals/promises for the first hundred days, and although it sounds great, it is VERY aggressive If he can accomplish 25% of it, it will be a miracle.

            I think he is getting a glimpse at how the ” system” works and he will see as he journeys through the presidency, who is really in control and pulling the strings.

            I continue to pray for his safety.

        • sister soldier

          Exactly!
          “Unless the LORD builds the house, They labor in vain who build it; Unless the LORD guards the city, The watchman keeps awake in vain.”

        • Bill G Wilminton NC

          God Has His Hand On Trumps Shoulder Could It Be More Obvious….Open Your Eyes !!

    • Rick

      Maybe we need Trump to creat a new agency, how about The Bureau of Common Sence? You make a lot of good points, maybe you should submit your name for Director.

  • Bill

    A debt free form of money or debt free form of banking?

    If Trump is to succeed he must not recycle swampers.

  • DA TRUMPET

    Trump is going to clean DA HOUSE. Luv DA guy. Hi is DA MAN.

    • Bill G Wilminton NC

      Tell Sister Soldier That !!!

      • ISA41:10

        Trump is starting to break some of his promises already. Very Disappointing!!!!!

        • William Lutz

          I told these people Trump was up to no good! Whatever he does will not work.

          • ISA41:10

            He is still FAR better than the alternative!

        • Thomas D Guastavino

          No he is not.

        • Bill G Wilminton NC

          I Sure Hope Not…..

        • sister soldier

          Thank you.

          • Bill G Wilminton NC

            ” THANK YOU ” Cause ” I Know He Is The Devil In Disguise”

            Trump Has Mentioned A Softening In Regards To Prosecuting Hillary. Does Not Mean That This Will Happen. Sometimes Statements Are Thrown Out To Test The Waters The Reaction To This Was Very Strong ” PROSECUTE “

          • sister soldier

            Bill do you have ears but cannot hear? Eyes and cannot see? If you don’t want to see the truth then it is hidden from you because your heart has yet to be circumcised to receive the facts of what is going on around you. If you would choose other credible news sources and perform your own due diligence instead of looking for the glory in Trump you might accidentally find the truth.

          • Bill G Wilminton NC

            I Find No Glory In A Man Just Leadership Qualities .

          • sister soldier

            Then you are blind. You have been glorying in Trump and salivating over the fact that he is going to change things for the US. But what you don’t see is he is changing a lot of his positions already.

            Not too mention since this is an economic blog; Do you know how much it will cost taxpayers to provide secret service protection for this man? And if his children receive special secret service clearance that they will need round the clock protection as well?

            Yes he can afford to pass on the presidential salary (1) it does not obligate him to fulfill any promises as he is not taking the tax slaves money (2) His protection will cost way more than that and we ill pay for it one way or the other.

            Nice job Bill you are in favor of higher taxes.

          • Bill G Wilminton NC

            Trump Will Change Many Things In His First 100 Days….

            He Is Entitled To Secret Service Protection.

            In His First 100 Days He Is Closing The Dept Of Education And The Dept Of Energy SAVING FOR US TAXPAYERS 120 Billion.

            You Make Me Laugh With Your Lack Of Understanding And Just Blabbing Away Like A Fool.

          • sister soldier

            I think the one who is being foolish is you.

          • Bill G Wilminton NC

            You Seem To Have Passed Over The Saving Of 120 Billion lol …..

            Trump Forego Salary You Seem To Have Not Grasped That Point Other Than Somehow In Your Weak Grasp Of Facts Is That Trump Is Using His No Salary As Excuse To Not Do What He Has Said In His PLATFORM You Are Comical !

          • sister soldier

            Good Lord Bill. Really??? Are you that much in love with a fantasy? We live in a global economy. Any negative decision or action will impact the world not just America. There are too many powerful vested interests to untangle this fishing line without starting a war; trade or otherwise.

          • Bill G Wilminton NC

            You Live In Your Own World Of Fantasy Facts…..Just As The Progressive Liberals Do…

            SAVED 120 Billion SAVED 120 Billion And He Hasnt Started Yet.SAVED 120 Billion SAVED 120 Billion SAVED 120 Billion lol Ya Kinda Skipped Over That!!! Ha ha lol How Does One Skip 120 Billion Saved!!!

            If Trump Collects Interest On His Money That Is His Money. But Again That Is Your Fantasy Facts… People Dont Leave Money In A Bank Collecting Next To Nothing In Interest….Stick To Biblical You Would Never Make It In The Financial World

            I Enjoy Your Comments As They Are Funny And Give Me A Laugh

          • sister soldier

            His money is not in American banks.

          • Bill G Wilminton NC

            No Trumps Money Is In A Piggy Bank On His Dresser lol….Your Assumptions Just Crack Me Up….

            120 Billion SAVED….120 Billion SAVED

          • messianicdruid

            Hey Bill G, how ( and why ) do you capitalize every word?

          • Bill G Wilminton NC

            See Better With Caps Not The Greatest Vision… May Get New Glasses And Drop The Caps…

            Hey Messianicdruid How And Why With All Things That Are Going On Did That Question Warrant Being Asked….just askin

          • JC Teecher

            sister, sister, ole Bill has gotten himself into a frenzy over his ideology of a Trump fixing of the National Debt.

            he should have just stuck to sticking to his pre-trib rapture crapture, and then he would have only been wrong once today.

            Trump will NOT fix the National debt, and do half the things he has proposed. Through some fuzzy math by slick comptrollers and magic men of the Budget/Accounting offices, they may make it look like it is “being” fixed, but it is bigger than all the men in Washington DC, put together. As the interest rate rises, and it will, the interest on that true figure, will continue to explode.

            Humpty Dumpty as the, USSAG (united states of abortion and gaymorrah), will fall and break into a million pieces, and all the Bill’s in the world, will not be able to put it back together again.

            Remember this people, if Trump can stay in office for his entire four years, he will not get re-elected, because there are more of them than there are of us, and they will not make the same mistake twice.
            In four years, they will barely be able to scratch the surface of fixing problems that have been installed by the “shadow government” for over thirty years.
            According to David Stockman, another 10 trillion in National Debt was already written into being, but it has yet to be revealed as it is hidden in all the past legislations and executive orders.

          • sister soldier

            Uncanny! You are third person today to mention a possible interrupted first term. And yes there is no “magic” solution to this very complicated and global problem.

          • Gay Veteran

            oh yes, blame Teh Gays

          • messianicdruid

            In four years those [ the half ] of us that have survived will see things more clearly.

          • Gay Veteran

            what percent of the budget will be for the Secret Service detail for the Trumps?
            0.0000000001%?
            jeez, use your brain for once

      • JC Teecher

        Brother Bill, I think sister sees a situation that has more twist and turns then we can ever imagine, so it isn’t as simple as “throwing the bums out”.

        As I am a realist, and evidently she is too, we hope, but realize that God’s Plan is not always what we expect or want it to be.

        No one man can fix all the ills of a world that was given to Satan to “try the hearts of men”. Not a man in the flesh, anyways.
        There is one coming, returning “once”, to bring about the Kingdom, and I for one, (if still alive and walking) plan on staying here to help with that as a servant.
        Why would a true servant have so little faith, that they want to run/fly away, like a scaredy cat? Especially when we are called to make a stand during the tribulation hour.

        • Bill G Wilminton NC

          ” Draining The Swamp ” Is An Expression But Never Used On DC Before….Nothing Is Easy !!!

          I Am Studied In The Scriptures And I Am Pre-Trib Rapture…..

          • JC Teecher

            I know you are locked in tighter than ten ticks, about to pop, on a hounds ear.

            However; when the first comes…spurious messiah, and says to load up the wagon, he is gonna fly, everyone that follows him, out of tribulation; then, all those that are “studied in the scriptures”, will remember this………..

            “1Co 15:52
            In a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.”…and think……….

            “The scripture says we shall be changed into “incorruptible/ spirit bodies” to be ever with the Lord.

            Why haven’t I been changed yet, because being versed in the bible as i am, I know also, that flesh and blood cannot enter into the Kingdom of God.
            Something is not making sense here and not aligning with the scripture I have been taught.”

            I’ll tell you why it does not make sense brother Bill. Because man has twisted the meaning of scripture to fit his plan to tickle the ears of the ignorant, and rake in more members wanting a feel good message, and also, bringing in those collection plate dollars.

            See, that is part of Satan’s lie, “Turn in all your friends and family members that do not believe in me, and then we will all change into spirit, and fly away from the terrible things coming on the earth.”

            Problem is, Satan cannot “change” anyone into a spirit body, nor kill a spirit soul. If the Lord allows you to be alive when the last trump sounds, and you have been following the spurious messiah, waiting to be changed and raptured, you have mucked up your salvation at that point.
            If that happens, Bill, you will remember exactly what I have told you here today.
            No change into spirit, no true Messiah on the scene, because it happens in the twinkling of an eye, just as He appears in the sky.

          • sister soldier

            I don’t need to add anything more. Well said.

        • sister soldier

          God bless you Brother and Amen.

        • Rick

          If Donald Trump was chosen for this mission, as some here have suggested, and as many believe, then why would we possibly believe God would not protect and equip him for that mission?
          Many of you may want to read Luke 19:11-28. Pay particularly close attention to the king’s last command here.

  • Pete Okuhira

    Soon you will see instagram photos of Trump and Obama together at the White House meeting collection. #selfies

  • anonymous

    #12 Linens. You’ll have to burn those things to get the smell out. Tr@nsvestite butt f@cking probably leaves some nasty stains.

  • max gon

    I would advise Trump to restore Glass-Steagall Act of 1933 which Clinton ended in 1999.

    • watchmannonthewall

      Probably a good idea except the octopuses now have arms into everything and once one gets cut off the entire facade of stability will fall. Still, it is likely best to start over anyway.

      • Bill G Wilminton NC

        The Octopus Is The Federal Reserve…NOT Federal NOT Reserve !!!

        • watchmannonthewall

          The head of the octopus is the FR. The arms are the large member banks. Cut one of these down and …

    • Bill G Wilminton NC

      Well Said…..I Believe Statement ” Making America Great Again ” Really Means Get Ready For Some Bad Bad Times That I Cannot Prevent But I Will Try To Make The Bad Less Bad……But This Will Be Bad!!!

      • JCA100

        Baloney.

        • Bill G Wilminton NC

          Baloney, Tomato And Mayo Makes A Great Sandwich…..

          • JCA100

            and I prefer Steak!

    • retired22

      that would be a good starting point!

    • TheLulzWarrior

      Glass-Steagall Act of 1933 was not far enough, only nationalization of the Fed will do!

  • William Lutz

    Next year will be chaotic! Imagine if Trump makes fascist moves or breaks his promises. Also let’s not forget Inauguration Day riots, folks. Either way it will be a disaster, so please have a plan for when the feces strike the fan.

    • Thomas D Guastavino

      We do.Already implemented.Elected a no-nonsense POTUS. Liberals be afraid…be VERY afraid.

  • mtntrek3

    One administration blames the problems of the times on the last, and on it goes. Are any of them really any better than the other economically? I’d like to think so, but in reality……… ? I saw the same message on a church sign yesterday as I did some weeks ago………. Trust the Lamb………. the donkey and the elephant will let you down. So true.

  • mtntrek3

    I’m seeing thanks to JCT and Bill G. among others the faults in the democratic party. I personally have voted democrat the past several years. Voted for Perot in the nineties, before that republican.What now for me?? Looking to more moderate candidates if ones can be found. To me the far left as well as the far right aren’t the answer politically speaking. That just amounts to more division and gridlock. Far left and far right are serious problems imho. To me…… looking past Trump’s extracurricular jargon, he’s somewhere in between right and left. He’s talking socially right….. and somewhat economically left. He’s not either animal speaking of rep’s and dem’s. In that way…. he identifies with me. He’s Trump. Well……… regardless of my hesitations, I hope he can help us out. All the while, my greatest hope is in Christ my Savior.

  • Thomas D Guastavino

    Now we have a POTUS who has businessman’s perspective as opposed to a politicians. He can also come down hard on those few hyperconcentrated pockets of liberal resistance, the cities. We now have the best chance to solve the countries problems but it won’t be easy because they have been festering for years.

  • XSANDIEGOCA

    The only debt Donald owes is to the People who elected him. The rest have No Face. Should he misfire, he will be out after one term. The Establishment has taken a beating. They will reorganize and try again.

  • billtheguy

    He hasn’t took control of the office and everyone is starting to criticize Trump. I’ve worked in heavy manufacturing all my life, and when they don’t have the money to spend, they stop issuing purchase orders. In a normal household, you don’t get the extras unless you have the money. At least that is the way it is intended, do without don’t borrow. The USA needs to adopt the same mentality, don’t get it if you cannot afford it. I know it is easy to say and it’s going to hurt; but it must be done.

  • MiniBooger

    Regarding Congress doing anything… I think Trump is narcissistic enough to make sure they focus on what he wants them to do. He has something to prove that past presidents did not – he ran on the fact that he’s a businessman, not a politician. So fingers crossed.

    • LIZ THE SHIZ

      MiniBooger, are you Snodth’s little sister?

      • MiniBooger

        No, but I was married to a BigBooger.

  • Jack Frost

    The troubled times were embedded years ago when they bailed out all the entities which should have suffered “creative destruction” as punishment for poor judgment in business dealings. GM should now be the new non-union Hostess, but it dumped all the fools who loaned them money in the past to save votes. They doubled down by making the healthcare system a mess designed to lead directly to a single payer system. If they were serious about the program being successful, the penalties would have surpassed the cost of the insurance. The insurance companies greed played a major part in their downfall. Who doesn’t want the government making customers buy your product? There is little time to correct what is killing the economy and who knows if the balky GOP RINOs will be willing to help bring the change voters demanded by electing Trump. Does anyone believe term limits has a chance? Even if they exempt the current incumbents, it is doubtful. Too many political families could be forced to seek meaningful employment. Trump knows he will shoulder the blame when the current mess falls apart, so he will pursue his promised agenda hopefully.

  • Nov 15, 2016 8,000 Tons of Paper Gold Dumped on Market

    Macroeconomic analyst Rob Kirby explains the violent moves in the markets by saying, “We really do not have markets anymore. We have interventions, and we have massive fraud committed on a daily basis in what we call our capital markets. Our capital markets have become nothing more than a crime scene.”

    https://youtu.be/uwu6dusUd-o

    • sister soldier

      So true.

      • Thank you for viewing and commenting sister soldier, and please feel free to share this with others.

        • sister soldier

          You’re welcome and I will.

    • LIZ THE SHIZ

      the markets are controlled and manipulated way above Trump’s pay grade , meet the new boss same as the old boss

      • I just happen to know that very truth. Allow me to introduce you to them in this single link.

        “Who controls the issuance of money controls the government!” Nathan Meyer Rothschild

        June 13, 2016 Which Corporations Control The World?

        A surprisingly small number of corporations control massive global market shares. How many of the brands below do you use?

        http://www.informationclearinghouse.info/article44864.htm

    • Rick

      As they say, only in DC can you look 20 miles in any direction, and still be in the center of a crime scene. No escaping it here in the swamp…maybe the same holds true for Wallstreet.

      • You are spot on Rick. I simply call it the district of corruption.

  • Richard O. Mann

    The run away train has too much momentum. The only way it will stop will be in a catastrophic crash. With all the other things going on in the world right now, it will be a world wide crash and burn the likes of which have never been seen.

    • sister soldier

      And what will those who are looking to other men do when they see that things will continue until the end for it is at an appointed time? The answers that mankind seeks is not in other fallen men but God who determines our end from our beginning.

    • Bill G Wilminton NC

      We Are Blessed That God Gave Us Donald J Trump For Theses Dangerous Dangerous Upcoming Times.

  • df NJ

    RE: “Did they impeach one single activist judge destroying our freedom and liberty”

    All judges are activist judges:

    “To conservatives, activist judges are those who permit or compel activity in which the opinion of conservatives can only be done in the legislative branch,” Judge Napolitano said. “To liberals, activist judges are judges who prevent the government from doing the things the Legislature wants to do.” Many legal experts agree that accusations of judicial activism are nothing more than political name-calling, and that judges are supposed to interpret the law and rule according to their own interpretations.

    So the core of the argument is the role of the judiciary. The framers of the Constitution recognized the importance of the judiciary branch; it differs from the other two branches in several significant ways. For instance, Supreme Court justices are appointed for life. The reasoning behind lifetime tenure is that sometimes justices must make decisions that are unpopular or counter to the will of the majority. Because they are not elected, they are free to uphold the law in spite of potential political fallout.”

    https://www.legalzoom.com/articles/activist-judges-why-are-they-creating-such-a-stir

    The way our government is designed is to prevent the majority from getting what its passions desire. The role of the judiciary is to prevent tyranny of the majority.

  • LIZ THE SHIZ

    let’s start by closing up K Street and corperate lobbying and take the monetary special interests out of are legislation and legislate only for the peoples interests but unfortunately I see a lot of the old crowd vying for positions with the Trump administration , I hope I’m wrong but I have my doubts

  • alan

    Its like changing captains on the Titanic after it hits the iceberg. There will be changes, but I feel we’re going down regardless.

    • df NJ

      It’s not going down. You need to have faith that God will keep us safe and blessed.

      • SurrealReality

        I’ve never seen one person from NJ who had a clue. You do zip to change my mind. Bunch of uneducated yankee street thugs.

        • Orange Jean

          What… you don’t think Bruce Springsteen is Mr. Wonderful? ha ha… I know for a FACT the deer out here are “terrified” of his music. Best way to get them out of the road… play “Borne in the USA”! Or maybe it’s my singing that does it?

  • df NJ

    “Abortion pills by mail studied in four states”

    “I was happy that I was going to be able to do it myself and I did not have a nurse there or doctors there staring at me and judging me,” she said

    http://www.cnn.com/2016/11/16/health/abortion-by-mail/index.html

    • sister soldier

      That’s terrible.

      • df NJ

        I think that is something different than morning after pill.

        • sister soldier

          I would not be surprised.

  • soluna1969

    No more Bush, no more Clinton, they belong to the same globalist gang.

  • energizedmortal

    “The best way to predict your future is to create it.”

    – Abraham Lincoln

  • Rick

    Michael, you are correct. It wouldn’t have mattered who won this election, that “winner” was set to inherit an economic disaster. The silver lining in Trump’s win is that now all of us will now be told the truth about the economy. The crazed out blood thirsty MSM will do everything they can to hack away at Trump, including giving us the REAL economic numbers and indicators that they have watered down and altered to meet the Obama narrative the past 8 years. At the very least it should be eye opening and refreshing that the MSM can actually report the truth. We will need to be careful about filtering the commentary of how it’s all Trumps fault now.

  • LIZ THE SHIZ

    Michael beware, your IP may decide this is a FAKE NEWS SITE

  • sister soldier

    Oooo… those are fighting words to some of his loyalists.

    • Rick

      I know, hence the smiley face. Hyperbole is a great thing. All the best!

  • HeyAHuman

    Not defending Obama by any stretch, but objectively speaking, most of these economic issues listed were a byproduct of the recession following the 2008 stock market crash. I guess you can blame Obama for not having the magic pill to make all of those problems go away, but I think it’d be more sensible to point your crosshairs at the bankers. Let’s hope Trump’s tax cuts work. If history means anything, I won’t hold my breath.

  • chriscas

    Gee, I thought I heard our great President say the other day that things were looking pretty good! Betcha the MSM will suddenly discover things aren’t so great starting on, say, January 21st, 2017. Schmuck Todd, call your office!!!

  • Bruce

    The sad truth is there is NOTHING anyone can do. America will NOT willingly and radically adjust it’s standard of living. The masses will demand that we do not alter our course to assured oblivion because their standard of living WILL change for the worse in doing so. We truly are on the Titanic and have required that the band continue playing and that the evening meal is served on time. Therefore, the truth is there is NOTHING Trump or any politician can or will do. We are on a economic suicide mission. Michael routinely makes impending doom statements about our economic future. Sadly the future is NOT some way off in the distance event. It truly is right around the corner. Trump himself said during the debates that 24 Trillion is the point of no return. We’re presently at just shy of 20 Trillion. We will probably reach that point of no return in the next 4 years. I’d say that we have 5 maybe 6 years on the outside before our economy truly does collapse and that’s an optimistic view. However, realize that as we approach the wall of reality the masses will see the errors of our ways in advance. In other words the possibility is large that around 21 or maybe 22 Trillion things will start to unravel.

  • robert

    There is NOT a person, democrat, republican, independent, christian, atheist, legal, illegal, black, brown, white who are willing to sacrifice to heal this nation economically. Mention any social program and the roof falls in and yet these programs have set the nation up for a disaster of unspeakable proportions. I do not believe that Mr. Trump, even if willing, can budge the nation on these items. For the next 4 years we are going to see new levels of obstructionism from the left and some from other parts of society. I suspect liberal federal judges will listen to one law suit after another against Trump. Like Ms. Palin who was hounded out of office by lawsuits, Trump will be hounded as well. If he is tough, he will pardon himself of all crimes the day he takes office and will be prepared to do that every time a law suit is introduced. Just as soon a a move is made to deport illegals, a federal judge will order it stopped.

    Again I say, Mr. Trump is president elect, NOT the messiah nor magician.

    • df NJ

      If we got rid of all government spending tomorrow we will still never get out of debt. The Federal Reserve monetary system creating money with interest guarantees our country will NEVER get out of debt. The system is rigged so everyone lives in misery.

      “Give me control of a nations money supply, and I care not who makes it’s laws”. Mater Amschel Rothschild

  • Stuey

    Once again you said the same thing you did in your previous article, that is it others countries which are buying our US Govt. bonds and supporting our debt. While it is true other countries do buy our bonds, the main purchaser and thus funder of our debt in the last 8 years is the Federal Reserve. They can “print” Federal Reserve Notes out of thin air(or electronically rather) and buy all the US bonds they want. So even if other countries quit buying our bonds the Federal Reserve can step in and make up the difference IF they choose to do so. Will they choose not to? guess that is possible.

  • buffalo lips

    So will things be any different under a Trump administration? Not with Paul Ryan as Speaker of the House of Representatives. In fact, the litany of offenses (trade, ACA, open borders, illegal aliens, amnesty, sanctuary cities, funding of Obama programs, debt ceiling increases, no federal budgets, blocking accountability for the perpetrators of the IRS and Clinton email scandals, supporting the Muslim refugee resettlement program, refusing to put an end to Obama’s unconstitutional executive actions, etc.) on the American people during the Republican majority in Congress is largely the responsibility of Speaker Paul Ryan. And Paul Ryan passionately hates Donald J. Trump! Why, because Paul Ryan wanted (still wants) to be President of the United States eventually and is still trying to engineer it by doing the Lewinsky dance with Pence hoping to undermine Trump. Let’s hope Pence is not to Trump as LBJ was to JFK.

  • DJohn1

    The problem is the people in charge do not know how economics actually works. I am not speaking of the high theory they use, but the every day common economics of people struggling to make a living.
    If you have 4% inflation and raises that amount to nothing then you are going to have a recession big time very soon. Because the economy depends on people spending money to keep going.
    After a while the spending stops because the credit card numbers stop. Credit maxes out.

    The average person either makes it or they don’t. But that average person compounds errors in everything they do. One problem is Health Care Insurance under the current system is leaping up by many percentage points. That money comes out of the common person’s salary and those salaries are not going up to compensate for the change.
    If anything more people are being put out of work.
    The first thing that has to happen is people have to have more discretionary income so that the retail market does not go under. Stores all over the place are likely to close in the next year if that doesn’t change.
    What has happened is Congress has ignored the common person and his ability to make a living and keep things together by paying taxes.
    Until that changes nothing will keep this country out of the biggest depression in history.
    I think Donald Trump has had a course in Economics for the common person, 101. I think the first thing he will do is put more money in the average worker’s pocket.
    That is a temporary solution, it keeps the wolf from the door but does little else.
    What has to happen is the US currency has to be more in line with currencies all over the planet.
    That is going to cost you and me a lot of money in the near future because all those Chinese goods are likely to disappear.
    That means a huge drop in our standards of living.
    We have to get the common person back to work.
    The formula is simple enough. In order to make a profit on goods the foreigners have to make enough to cover profits and transportation of goods. So they have to work on 10-1 ratio for that to happen.
    It is roughly 6-8,000 miles between here and the Chinese factory.
    That is a lot of transport cost.
    In the 30s, FDR changed the rules. He took everyone from a 48 hour week to a 40 hour week. That is going to have to happen again. Trump is going to have to put in a 32 hour week.
    There are a lot of other changes he is going to have to make to bring this country back. I wish him luck.

    • df NJ

      The CEOs know exactly what they are doing. It’s call big data mining and they know exactly how to price goods and services to maximize their profits. The way it works is the CEOs keep raising prices at the “company store” until the people start rioting. Every time the people riot they CEOs raise wages.

      http://www.tradingeconomics.com/united-states/wage-growth

  • Liberty First

    Yep, good piece. Trump will focus more on fulfilling his promises than GW Bush (whom I have grown to despise), but it will not matter much in the long term. Exactly when the chickens seriously come home to roost is hard to say, but certainly within 4 years now looks likely. Probably well before then.

    Still, I will take Trump as CEO over Hillary any day during what will be coming. Can you imagine that wench splitting us along racial and gender lines, blaming white males, while things are going to hell? That really COULD start a civil war. Trump is so much better that she should not even be mentioned in the same breath.

  • yippie!

    The election of Trump brought so much good for this country. A couple off the top of my head are, no more ALWAYSTOMORROW and Snot blo me. They’re gone like when Dorothy splashed water on the Wicked With of the West. Woooo Hooo!

    • df NJ

      I’m still here. The only thing that would stop me posting would be the second coming of Jesus. That would shut me up.

  • voltaic

    I am sure you were so concerned with the disaster that your GOP overlords left Obama with their Great Recession creation. Obama was left with an economy on thee verge of collapse and all you types did was criticize and complain. Face it, you are haters and refuse to look at reality. Now you will have your trump reality and whimper that he was dealt a bad hand. Obama saved the nation from economic collapse regardless of the obstruction and destruction of the GOP do absolutely nothing clowngress. You godawful hypocrites will never admit reality.

  • ISA41:10

    People, you’re deluding yourself if you think Mr. Trump will be able to keep 1/10th of his promises, even with a Republican congress. He plans to upset their applecart, “drain the swamp” so to speak, and they aren’t about to allow that!

    He’s also going to have to continue to deal with a very angry liberal mainstream media who hates his guts, and will go to any length to derail his presidency before it even gets started.

    I do not expect much to change.

    • Bill G Wilminton NC

      Main Stream Media Is Finished Evidenced By A President Trump……You Are Better Off Reading Comic Books Than The NYT And/Or The Wasington Post ha ha lo I Forgot THEY Are Comic Books….

  • Charles Smith

    we have met the enemy and he is us .. pogo

    Take 80% of the money we spend on movies, NASCAR, pro sports, concerts, pets, travel, and other non essential activitiew wecthink we have have and use itv5o pay off the debt. This time, energy, we spend could be better spent making things, growung things, repairing things we could export. Bring all the dollars that are now overseas back hime and make them scarce and their value will zoom up.

  • J.j. Cintia

    If Trump doesn’t drain the swamp, we need to see they burn down and sink into it. Let me tell you all right now, business as usual is over. We can do this the easy way, or the easier way without any of you.

  • Willard Ferch

    The slippery-slope began in Hollywood when Clark Gable said “Damn” in a movie. Now we have the cesspool it has become. The s-s in D.C. began when Democrats passed Welfare, etc The s-s for the demise of the dollar began when Dem. Woodrow W. brought in the Fed. Reserve. The real killer s-s of morality, ethics, and respect began when they misconstrued the Founding Fathers definition of separation of church and state, removed the Bible and prayer from schools, etc, made abortion legal, and allowed marriage of men to men and women to women. Nixon, the Progressive finished off the dollar by eliminating the gold standard and morphed the dollar into fiat money, doomed for extinction. If Trump did what really needed to be done, the great pack of parasites sucking the life’s blood of America, from big corporations to the ghetto, would wipe this country off the map! Fiddlin

  • IMHO

    There is absolutely no way Donald Trump can “fix” this country. The national debt and unfunded liabilities alone have doomed future generations in this country to slavery and that is irreparable no matter who is president.
    Trump will never propose, much less get passed, any of the hard economic or social changes necessary to “fix” this country. And in the end he will realize why every president keeps pushing for foreign intervention and war.
    You can’t fix something that wasn’t built right in the first place.

    • Bill G Wilminton NC

      Well He Is Starting Off Right…..Plans Are To Shut Down The Dept Of Education And Dept Of Energy For A Saving Of A Cool 120 Billion A Year….Thats Just A Beginning.

  • Bob Forsberg

    W…of whom I was never a fan had 9-11 and new safety threats to deal with, ignoring almost everything else. Trump recognizes the enemy, foreign and domestic, and doesn’t blend with the typical RINO policies as witnessed by his words during both campaigns.

  • abinico

    Tax the rich; divert defense spending to pay the debt – problem solved.

  • BigGuy

    The overarching premise of the column is that the increase in the National Debt under President Obama was bad for our economy. That’s false. Sometimes it’s good to pay down the debt and sometimes it makes sense to increase the debt. It would have been wiser in the past 8 years to have tripled or quadrupled the debt, not just to have doubled the debt, since so much work needs to be done and so much of it could have been done so cheaply.

    Since the Great Recession began in 2008, the effective interest rate for the whole of our USA debt has been less than the inflation rate. In fact, T Bill rates have repeatedly had negative interest rates. The overall cost of ALL federal gov’t debt each year for the past 8 years, has been under 2%. Most of the needed infrastructure maintenance and improvements — that have been blocked by Congress — have cost benefit returns in excess of 20%. Moreover, at today’s very low interest rates, more than a third of the blocked improvements have paybacks of less than three years.

    Now that we have a Republican President, the National Debt is likely to substantially increase since its okay for Republicans. If the increased debt is used to put people to work, 10+ million who have left the work force may return to the labor market and may become employed. Let’s hope.

  • southernrep

    I’m not an Obama supporter. But truly how are the majority of those issues his fault. Overwhelmingly those issues above are the individuals fault not the presidents. The president didn’t tell people to not save less that $1,000 live with parents, invest in malls, or run up massive amounts of consumer debt. That’s just American’s being typical Americans – AKA bad consumers/Financial idiots. Leave no mention of typical stock market cycles and other economic factors like the US has been shifting to a service economy over manufacturing for decades I stuggle to understand how the majority of your “points” are actually his fault and not ours as individuals. It’s honestly the earmark of the person that votes for elected officials to fix all their problems rather than sacking up and fixing their own.

  • Arthur Wholeflaffers

    As bad as Hillary was, Trump has shown to be a million times worse. A cabinet of billionaires who really don’ care for the majority of Americans who have to go to work, raise a family and have other responsibilities. But most Americans are ignorant and always pay the price. So sad.

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