Defeat Trump Public date: 16.10.2020 21:22:36

13 Aug 2020

The coronavirus recession is over for the rich, but the working class is far from recovered

U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy has entered: The wealthy have mostly recovered. The bottom half remain far from it.
U.S. stocks are hovering near a record high, a stunning comeback since March that underscores the new phase the economy...
25 Oct 2019

The U.S. deficit hit $984 billion in 2019, soaring during Trump era

The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year.
The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced...
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8 Oct 2019

U.S. manufacturing falls into deep recession as Trump’s trade war drags on

U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and handing a blow to President Trump’s promises that he would revive blue-collar jobs and companies.
U.S. manufacturing fell deeper into a contraction last month, erasing hope of a quick turnaround for the industry and...
10 Aug 2018

In America, wage growth is getting wiped out entirely by inflation

Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated into greater prosperity for the middle class and working class. Cost of living was up 2.9 percent from July 2017 to July 2018, the Labor Department reported Friday, an inflation rate that outstripped a 2.7 percent increase in wages over the same period.
Rising prices have erased U.S. workers’ meager wage gains, the latest sign strong economic growth has not translated...

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