After the Biden boom comes the Trump tragedy

The latest statistics confirmed that the US economy has entered the stage of rapid deterioration, as Austin reported.

A group consisting of twenty -one thing in midnight, decades at midnight Rye pier On Victoria’s Mornington Peninsula. Suddenly, someone shouted and pointed to a body floating under the pier, face -to -face and apparently lifeless. The swimmers immediately dragged the victim to the beach, where an experienced lifeguard resuscitation from mouth to mouth, while others called the ambulance.

A few minutes later, the young man cough and splashed, opened his eyes and tried to sit. With a smile to us, he guaranteed that he was good and wanted another beer. Lifesaver insisted that he hadn’t moved hard until he got help. A few minutes after his visible healing, the victim collapsed and stopped breathing again. “Yes, this usually happens” Lifesaver said, while continuing resuscitation attempts until the Ambos took over.

Since this clear range is sometimes called this sudden revival before a deadly collapse, it is now in the US economy.

Preventing the worst of Trump’s destruction

When is the US President Embers He made his destructive tariff threatening In January, many major American companies knew that he and his cabinet were stupid enough to apply them. Thus, they ordered a large amount of imports both in January and February. ascended Over $ 400 billion ($ 613 billion). For any month, the highest highest, 347.7 billion dollars ($ 532.7 billion) during the former president in March 2022 Joe BidenPost -squeezing healing stage.

Later in March, imports climbed $ 419.4 billion ($ 642.6 billion).

The same thing happened export. The total level of January was $ 278.7 billion ($ 427.4 billion). This was overcome in February, and in March, a new record of all time was re -beaten with $ 290.6 billion ($ 445.2 billion).

Labor to manage such volume trade kept the Americans employed In March, relatively healthy 163.5 million and unemployment rate is 4.2%.

Despite this event, Gross Domestic Product rejected During the March quarter, it fell by -0.5%annually.

Wheels are now falling

Now we can see that the first quarter is a short artificial activity period that comes to a rapid stopping point.

Although most of the tariffs have not yet come into force, exports fell to USD $ 277.3 billion ($ 424.9 billion) in June.

June imports fell to 337.5 billion dollars ($ 517.1 billion), the lowest value in 16 months.

Employed Workers fell to 163.1 million in July and lost 402,000 jobs. This is the lowest level of seven months.

Foreign investment In March quarter, it fell to $ 66.7 billion ($ 102.2 billion), the lowest level of the first quarter since 2021.

Interest rates, consumer expenditures, stock market values, tourism income, corporate casualties and fluctuation bankruptcy.

All this is covered with the guilty of Trump, who demanded personal payments for positive government decisions. These are the Solid Gold Apple CEO to ensure exemption from the Head of Corruption 25 % Tariff Technology company.

As a result: the increase in state debt

A critical measure of economic failure is Trump’s national debt level every year since the disaster 2017 tax cuts.

When Trump won the 2016 elections, partially promised to completely eliminate the federal debt, gross borrowings were disturbing $ 19.8 trillion ($ 30.3 trillion). At the end of the first period, this rose to 27.8 trillion dollars ($ 42.6 trillion). Biden management later did not receive Republican support to reversed this disaster tax cuts, so the debt rose to USD 36.2 trillion under the biden ($ 55.5 trillion).

This year, Trump has already added 789.6 billion dollars ($ 1.2 trillion). national debt.

Most Americans have no idea how much injured the increasing interest payments will be injured. If they want to end the interest burden, they have no idea how long it will last to reduce this unnecessary borrowing amount.

Imagine that Trump’s extra debt is $ 100 per second, and from now on is paid back every second. How long does it take to pay back? How many weeks, months or years will Trump’s debt to be paid $ 100 per second?

The answer is more than 250 years. And this is just the debt added this year. So far. Does not contain interest.

In the first period, Trump added $ 7,81 trillion dollars ($ 12 trillion), perhaps right in responding to a trillion Covid regression.

Therefore, Trump’s monumental is now attributed to stupid tax cuts, now an amazing $ 8,59 trillion dollars ($ 13.1 trillion). After that, it would take 2,730 years to pay back to $ 100 per second.

This is the scale of the economic disaster that Trump visits the country of Godforsaya.

Who will blame and correct?

This is not just Trump’s mistake. Throughout his life, he has proven that he had no competence in finance or economy or arithmetic.

Confirmed this last week said A Republican Meeting:

“We will reduce drug prices by 1,000%, 1,100, 1,200, 1.300, 1.400, 700, 600. 30 or 40 or 50, not 30%or 50, as you have never imagined before.”

Congress Republicans, who can remove this destructive criminal, know that this is meaningless, as they know that their rankings on tariffs and tax deductions are patented for billionaires. Nevertheless, these Craven hypocrites keep him away from bare personal interests.

For this reason, the accusation of the US economy to collapse, the scale of the debt and the terrible consequences of Trump’s manifestation of the intelligent people who understand the republican deputies.

When the ambulance walked away from the shore on the coast of Çavdar years ago, when the sirens cried, we had no idea whether the young buddy would live. The same applies to the US economy today.

https://www.youtube.com/watch?v=r5ydalw4wpu

Alan Austin is an independent Australian columnist and free journalist. You can follow him on Twitter @Alanaustin001.

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