A report issued by the Joint Economic Committee's minority describes what lies ahead in economic turmoil following the Malignant Fascist's chaotic and grievance-driven tariff policy. The top line findings:
"Prolonged economic uncertainty could reduce manufacturing investments in the U.S. by $490 billion by 2029; if uncertainty ended tomorrow, the U.S. could still lose more than $42 billion in manufacturing investments.
If economic uncertainty in the U.S.continues as it has over recent months, it could reduce manufacturing investment growth by anaverage of 13 percent per year, amounting to approximately $490 billion in foregonemanufacturing investment by 2029.Economic uncertainty has already led to layoffs, business closures, and a decline in investments in the manufacturing sector.
Tariffs and economicuncertainty have already led to the loss of U.S. manufacturing jobs. The number of U.S. manufacturing jobs fell by 37,000 across May, June, and July."
The allies sitting around the table yesterday trying to reverse the MF's sell- out of Ukraine to his role model in the Kremlin must have had his trade policy disaster in the back of their minds, too. Manufacturing hates uncertainty, undermining its ability to plan and apply resources, and the MF's tariffs are the epitome of uncertainty as he adjusts them randomly. In the ignorant MF's refusal to accept adverse data and course correct, he's bringing about America's economic decline. It will hit consumers not only at the grocery store and when they buy a car, but when investments dry up and jobs are cut. He's only got himself to blame, but we know it will be "Biden's fault!".
(image: TACO Trump and his magic tariff board)
No comments:
Post a Comment