Hopes of 'Trump Bump' for U.S. Economy Fade

[DonViejo]

July 6, 2017 at 7:11 am EDT By Taegan Goddard

New York Times: “While the June jobs report, coming on Friday, is expected to show that hiring continued at a healthy pace last month, other recent indicators in areas like consumer spending, construction and auto sales have been decidedly less robust.”

“As a result, Wall Street forecasters have been busy lowering their growth estimates for the second quarter, which ended last Friday, much as they were forced to do over the first three months of the year. Economic expansion for the full year now appears unlikely to be much greater than 2 percent — about the average for the current recovery, which celebrates its eighth year this month.”

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https://politicalwire.com/2017/07/06/hopes-trump-bump-economy-fade/

[Wounded Bear]

1. Stand by for the Trump Dump...

[Gothmog]

2. There will be no trump bump because trump is too stupid to pass any major legislation

[Achilleaze]

3. reality of republican Trump Slump becoming apparent

republicans always screw up the economy. Being led by their family values role model, Comrade Casino, the republican Draft-Dodger-in-Chief, this republican krewe makes it all the more predictably tragic.

[Johnny2X2X]

4. LOL

The bump was due to anticipation of deregulation and of huge corporate tax cuts. But he's proving to be impotent as a President and can't get anything done because he's busy tweeting childishly at all hours.

But Obama created a strong economy with good fundamentals. Obama's economy could continue for a couple years if left alone.

Here's the thing, Trump has been faced with no crisis as of yet. Smooth sailing on the economy, on domestic issues, and foreign policy. Syria and North Korea are not at the level of a crisis. He does not have the character to handle any crisis. He's going to crack and there will be dire consequences at home and abroad.