During the RNC, people tuned in to hear speeches that painted out economy a lot different than the Democrats did this week. Who is right?
Donald Trump focused on the almost $20 trillion in debt that America has right now. A number that has almost doubled since president Obama took office.
President Obama and Hillary mentioned that the stock market is at an all time high and the economy is better under the Democrats.
A common phrase during the convention was, “don’t you remember the mess that Republicans got us into before Obama took over?”
Who is right? Is the economy doing well? The simple answer is no, the economy is not doing well, but the stock market is at an all time high.
The democrats don’t want to admit that the economy is experiencing almost no growth and major indicators for a recession are starting to alarm professionals.
Just this week we got a lot of numbers and it isn’t good. Durable goods orders, manufacturing data, business spending, and restaurant revenue are all seeing steep declines.
The trade gap has increased dramatically and homeownership in America is the lowest it has been since 1965. What is going on?
The Federal Reserve head, Janet Yellen spoke on Wednesday and the FED decided that the economy was so bad that it couldn’t raise rates, not even a quarter. The FED has not raised rates since back in December and then the stock market had the worst January in history.
If you watched the DNC you would think that none of these numbers are correct, but they are. There are steep declines and problems in several industries, this isn’t just a hiccup in the economy, and it looks like a recession.
The last thing that Hillary needs right now, other than an indictment, is for the economy to take a major turn for the worse. If we see a selloff like we did last August or a worse one, the tides could really change in this election.
Trump will be able to hit Hillary hard and paint her as a third term Obama. If the economy does start to dip into recession and the American public starts to get nervous, then we could major selloffs and that would almost solidify a Trump presidency. No wonder the democrats are telling us everything is great.
How do you feel that the economy is doing? Let us know in the comments below.