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Thread: US avoided a D-DAY

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    Re: US avoided a D-DAY

    Strong economy not translating into bigger paychecks for rank-and-file workers. Why?
    June 17. 2018 1:30AM Jeff Stein and Andrew Van Dam, The Washington Post

    The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said last week.

    For workers in "production and nonsupervisory" positions, the value of the average paycheck has actually declined in the past year. For those workers, average "real wages" - a measure of pay that takes inflation into account - fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

    https://www.theday.com/article/20180617/NWS13/180619440

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    Re: US avoided a D-DAY

    Business tax payments plunge, while workers pay more
    Rick Newman,Yahoo Financeā€¢ July 27, 2018

    Treasury Department data for the first half of 2018 show individual income tax receipts rose 8.1%, to $915 billion. Corporate income tax receipts fell 32.4%, to $100 billion. The sharp decline in corporate tax revenue is largely a result of the tax cuts President Trump signed into law at the end of 2017, which cut the top corporate rate from 35% to 21%. Here are the numbers:

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    https://www.yahoo.com/news/business-...185504363.html

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    Re: US avoided a D-DAY

    US on track to borrow most money since 2008 financial crisis: report
    Brooke Seipel 7/31

    The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.

    Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.


    https://www.msn.com/en-us/news/polit...ort/ar-BBLjgQC

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    Re: US avoided a D-DAY

    Quote Originally Posted by katsung47 View Post
    US on track to borrow most money since 2008 financial crisis: report
    Brooke Seipel 7/31

    The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.

    Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.


    https://www.msn.com/en-us/news/polit...ort/ar-BBLjgQC
    Yup. Ol' Donald is REALLY fixing the economy.
    "The trouble with people isn't that they don't know, but that they know so much that ain't so." - Will Rogers

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    Re: US avoided a D-DAY

    Trump's favorite trade measure got worse in the first full month of the trade war
    Bob Bryan Aug. 28, 2018,

    One of President Donald Trump's trade war goals is to shrink the US goods trade deficit.

    Despite the implementation of tariffs, the goods deficit grew in July, according to preliminary data from the US Census Bureau.

    Exports declined in July compared to the month before, while imports climbed slightly.

    One of President Donald Trump's main goals in his shake-up of US trade policy: Bring down the large US trade deficit. But that deficit appears to be heading in the opposite direction since the trade war kicked off in earnest.

    The US goods trade deficit increased to $72.2 billion in July, up from $67.9 billion in June, according to advance data from the US Census Bureau. Exports fell by 1.7% from the month before, while imports rose by 0.9%. This was the second straight month the trade deficit has increased.

    https://www.businessinsider.com/trum...se-july-2018-8

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    Re: US avoided a D-DAY

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    Trump's tariffs have already cost Ford $1B; now it's planning layoffs

    Ironically, Ford may have to cut production of some models, potentially reducing U.S. jobs, as a result of China's tit-for-tat tariffs.

    by Paul A. Eisenstein / Oct.08.2018


    Trump and Ford have been squaring off since well before the 2016 election, when then-presidential candidate originally threatened to impose hefty tariffs on vehicles Ford intended to start importing from a factory in Mexico. The carmaker eventually scrubbed that plan, but rather than return production to the U.S. it decided to move it to China.

    https://www.nbcnews.com/business/aut...now-it-n917756

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