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Thread: Thank you President Trump. The economy just keeps choogling along...

  1. #1

    Thank you President Trump. The economy just keeps choogling along...

    Lowest unemployment rate since man first walked on the moon!
    Lowest unemployment for women since 1953!
    Lowest unemployment rate for those without a Bachelors degree in 19 yrs!
    Hispanic unemployment the lowest since 1973!
    Record low unemployment for Asians!
    Lowest unemployment for Irag and Afghanistan Vets, ever!
    Median income rises 3.2% to $27.77/hr!

    https://www.americanthinker.com/blog...MThbEUeszZT9Hx

    But, wait, there's moar.....

    U.S. Steel, after losing $1.5 billion in 2015 under Obama, is reinvesting it's profits since President Trump's steel tariffs.
    To the tune of $1.1 billion.

    Nucor Corp., the country’s largest steelmaker and an mini-mill producer, announced a new $1.4 billion mill in the Midwest to produce 1.2 million tons each year.

    Steel Dynamics, a producer based in Fort Wayne, Ind., plans to build a $1.8 billion mill with an electric arc furnace in the Southwest.

    JSW USA is spending $1 billion to revive a mill in Texas and restart a former Wheeling-Pittsburgh Steel mill in Mingo Junction, Ohio.

    Those jobs Obama said were never coming back? Well, they are.

    Thank you Mr. President!!

    https://www.post-gazette.com/busines...xnOe_DfN9fn5nE




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  3. #2
    Quote Originally Posted by phill4paul View Post
    Lowest unemployment rate since man first walked on the moon!
    Lowest unemployment for women since 1953!
    Lowest unemployment rate for those without a Bachelors degree in 19 yrs!
    Hispanic unemployment the lowest since 1973!
    Record low unemployment for Asians!
    Lowest unemployment for Irag and Afghanistan Vets, ever!
    Median income rises 3.2% to $27.77/hr!

    https://www.americanthinker.com/blog...MThbEUeszZT9Hx

    But, wait, there's moar.....

    U.S. Steel, after losing $1.5 billion in 2015 under Obama, is reinvesting it's profits since President Trump's steel tariffs.
    To the tune of $1.1 billion.

    Nucor Corp., the country’s largest steelmaker and an mini-mill producer, announced a new $1.4 billion mill in the Midwest to produce 1.2 million tons each year.

    Steel Dynamics, a producer based in Fort Wayne, Ind., plans to build a $1.8 billion mill with an electric arc furnace in the Southwest.

    JSW USA is spending $1 billion to revive a mill in Texas and restart a former Wheeling-Pittsburgh Steel mill in Mingo Junction, Ohio.

    Those jobs Obama said were never coming back? Well, they are.

    Thank you Mr. President!!

    https://www.post-gazette.com/busines...xnOe_DfN9fn5nE

    Orange Men BAD!
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #3
    Quote Originally Posted by phill4paul View Post
    Lowest unemployment rate since man first walked on the moon!
    Lowest unemployment for women since 1953!
    Lowest unemployment rate for those without a Bachelors degree in 19 yrs!
    Hispanic unemployment the lowest since 1973!
    Record low unemployment for Asians!
    Lowest unemployment for Irag and Afghanistan Vets, ever!
    Median income rises 3.2% to $27.77/hr!

    https://www.americanthinker.com/blog...MThbEUeszZT9Hx

    But, wait, there's moar.....

    U.S. Steel, after losing $1.5 billion in 2015 under Obama, is reinvesting it's profits since President Trump's steel tariffs.
    To the tune of $1.1 billion.

    Nucor Corp., the country’s largest steelmaker and an mini-mill producer, announced a new $1.4 billion mill in the Midwest to produce 1.2 million tons each year.

    Steel Dynamics, a producer based in Fort Wayne, Ind., plans to build a $1.8 billion mill with an electric arc furnace in the Southwest.

    JSW USA is spending $1 billion to revive a mill in Texas and restart a former Wheeling-Pittsburgh Steel mill in Mingo Junction, Ohio.

    Those jobs Obama said were never coming back? Well, they are.

    Thank you Mr. President!!

    https://www.post-gazette.com/busines...xnOe_DfN9fn5nE


  5. #4
    Do you also give credit to Obama for the economic improvement while he was president? It fell by more than half- a high of ten percent to 4.7% when he left office?
    Hispanic unemployment from 13% to 5.7%?
    Women's unemployment from 8.7% to 4.7%?
    Jobs (non-farm payroll) went from a low of 130 million to 145 million- 15 million jobs added?
    Last edited by Zippyjuan; 05-04-2019 at 07:46 PM.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.

  6. #5
    Quote Originally Posted by Anti Federalist View Post
    Quote Originally Posted by Zippyjuan View Post
    Do you also give credit to Obama for the economic improvement while he was president? It fell by more than half- a high of ten percent to 4.7% when he left office?
    Hispanic unemployment from 13% to 5.7%?
    Women's unemployment from 8.7% to 4.7%?
    Speak of the NPC and he appears.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  7. #6
    Quote Originally Posted by Anti Federalist View Post
    Lol. That's pretty much what I'm getting for posting this on FascistBook. All the "Never Trumpers" are telling me there will be a recession, like, Monday, and it will all come tumbling down. Even though they have been telling me that since his engineering of the economic upswing since he took office. Once you open up the workforce, and those that formerly received a check for doing nothing, and now receive a check for working, and find government TAKES from them, you create...conservatives.
    The Fed Reserve is holding it's hand right now. There are no signals of inflation. They are neither upping the ante or folding.
    If this can continue into 2020 there will be a second term.

  8. #7
    Quote Originally Posted by Zippyjuan View Post
    Do you also give credit to Obama for the economic improvement while he was president? It fell by more than half- a high of ten percent to 4.7% when he left office?
    Hispanic unemployment from 13% to 5.7%?
    Women's unemployment from 8.7% to 4.7%?
    Jobs (non-farm payroll) went from a low of 130 million to 145 million- 15 million jobs added?
    "Some jobs aren't coming back."


  9. #8
    Quote Originally Posted by Zippyjuan View Post
    Do you also give credit to Obama for the economic improvement while he was president? It fell by more than half- a high of ten percent to 4.7% when he left office?
    Hispanic unemployment from 13% to 5.7%?
    Women's unemployment from 8.7% to 4.7%?
    Jobs (non-farm payroll) went from a low of 130 million to 145 million- 15 million jobs added?
    Any economic growth that actually took place and was not smoke and mirrors was in spite of his anti-economic policies.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  11. #9
    If there's one thing I know about the economy, it's that the president (R or D) is 100% responsible. I bet if the presidency didn't have those other branches, much less the private sector, the economic numbers posted would be off the charts!
    "It's probably the biggest hoax since Big Foot!" - Mitt Romney 1-16-2012 SC Debate

  12. #10
    Bold leadership leveraging his succesful business experience, big deficit spending paying dividends since raising debt limit. His bold managment of his businesses had also created jobs boom during early years of debt spending boost, hopefully national creditorss won't create the fuss like his business creditors did and allow critics to call it a 'sugar high' boom down the road.

    Thanks are also due to Deep State for not allowing Mueller to stop MAGA POTUS from continuing with America-First agenda

    Thank You Deep State !


    Dems in the past had claimed that Wall Street and economy does better under Dems (Wall St bankers tend to have close ties to Dems) but in this case Dems can't take credit as Trump these days identifies as a Republican:


    President Clinton created more jobs than any other administration

    In 1993, President Clinton and Vice President Gore launched their economic strategy: (1) establishing fiscal discipline, eliminating the budget deficit, keeping interest rates low, and spurring private-sector investment; (2) investing in people through education, training, science, and research; and (3) opening foreign markets so American workers can compete abroad. After eight years, the results of President Clinton's economic leadership are clear. Record budget deficits have become record surpluses, 22 million new jobs have been created, unemployment and core inflation are at their lowest levels in more than 30 years, and America is in the midst of the longest economic expansion in our history.

    President Clinton's Record on the Economy:


    • Strong Economic Growth: Since President Clinton and Vice President Gore took office, economic growth has averaged 4.0 percent per year, compared to average growth of 2.8 percent during the Reagan-Bush years. The economy has grown for 116 consecutive months, the most in history.


    https://clintonwhitehouse5.archives....tyears-03.html







    Related

    Poll: Do you believe economic data is manipulated for political agenda?


    19 times Trump called jobs numbers ‘fake’

    Not so long ago, however, Trump's view of the monthly jobs report, which comes courtesy of the nonpartisan federal Bureau of Labor Statistics, was markedly different. As recently as December, he described the report as “totally fiction.”


    No proof that government economic stats are fakenews , "phony" or a "hoax"

    Trump once said government economic stats were ‘phony.’ Democrats increasingly agree.
    For years some Republicans have been suspicious that official government statistics are fake. Then-presidential candidate Donald Trump fanned these flames, calling the low unemployment rate under Barack Obama “phony” and a “hoax.”

    Interestingly, YouGov also asked a related question, about whether government statistics were “reliable and accurate.” When phrased this way, Democrats today place more faith in the data than Republicans do. Perhaps this “reliable and accurate” phrasing plays more to respondents’ perceptions of government competence and precision, rather than suspicions that the feds are deliberately manipulating the numbers for political gain.




    Thank You Big Government... 17,617,000 Americans Work for Government!

    The US economy is coming down from a sugar high. How bad will the headache be?

    March 28, 2019



    Revisions to fourth-quarter GDP announced today show the US economy grew by only 2.2% in the quarter, down from the previous estimate of 2.6%. That revision pulled down the year-over-year rate, too. It now turns out that the US economy expanded only 2.9% in 2018.


    https://qz.com/1583024/us-gdp-growth...igh-wears-off/




    How Trump has made both the trade and budget deficits worse

    Published: Mar 7, 2019

    Bloomberg News
    More is coming in than going out, according to the latest trade data.
    https://www.marketwatch.com/story/how-trump-has-made-both-the-trade-and-budget-deficits-worse-2019-03-06










    Jan 18, 2019
    Trump's Big "Win": The Largest Budget Deficit With A Strong Economy

    Trump will break the record
    When you take into account how the economy is doing it shows that President Trump’s budget deficits as a percentage of GDP will exceed any other President’s during a time of economic expansion. From the Committee for a Responsible Federal Budget or CFRB, the chart’s blue line shows the deficit as a percentage of GDP. At the projected 4.6% for fiscal 2019 it will the be largest in a non-recession year and is expected to stay above this level in the future.
    And the red line shows that it will only be worse if the 2017 tax cuts that are scheduled to expire for individuals and the increased 2018 discretionary spending caps are extended.

    https://www.forbes.com/sites/chuckjo...strong-economy

  13. #11
    Quote Originally Posted by phill4paul View Post
    "Some jobs aren't coming back."

    That $billion investment will be replacing a couple of other facilities and be more automated- requiring fewer workers once the upgrade is complete.

    https://www.industryweek.com/leaders...n-valley-works

    Described by the company as state-of-the-art technology, the endless casting and rolling technology combines thin slab casting and hot rolled band production into one continuous process. The new facility will replace existing traditional slab caster and hot strip mill facilities at the Mon Valley Works.

    U.S. Steel said the technology upgrade would, among other benefits, increase the steelmaker's ability to serve new markets and improve environmental performance. Mon Valley Works also would become the primary source for the substrate for production of U.S. Steel's advanced high strength steel. The new investment will not increase the company's steelmaking capacity.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.

  14. #12

  15. #13
    He keeps this up he'll win his reelection easily.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

  16. #14
    Quote Originally Posted by Zippyjuan View Post
    Do you also give credit to Obama for the economic improvement while he was president? It fell by more than half- a high of ten percent to 4.7% when he left office?
    Hispanic unemployment from 13% to 5.7%?
    Women's unemployment from 8.7% to 4.7%?
    Jobs (non-farm payroll) went from a low of 130 million to 145 million- 15 million jobs added?

  17. #15
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  18. #16
    How is coal doing? https://www.forbes.com/sites/energyi.../#35f219c36654

    U.S. coal consumption fell 4% in 2018 to its lowest point in 39 years due to accelerating coal plant closures and reduced coal plant utilization. The electric power sector represented 93% of total U.S. coal consumption from 2007 to 2018, but over that period 68 GW of coal-fired generation (out of 313 GW in 2007) retired, capped by 13 GW of retirements in 2018.

    As a result, U.S. coal production – and the mining jobs depending on it – declined from 1,145 million tons in 2007 to 756 million tons in 2018. The production downswing isn’t going away: The U.S. Energy Information Administration (EIA) reports U.S. production is down 8.4% so far in 2019, and forecasts output will fall 72 million tons in 2019 and 44 million tons in 2020.

    Coal mining’s one bright spot has been exports, which increased since Trump took office on increased overseas demand, buoying employment. But EIA reports exports began falling in the second half of 2018 and forecasts exports will fall 8% in 2019 as international prices remain well below the mark required for U.S. coal to be competitive globally.
    Coal employs about 50,000. A small industry. It used to have 89,000 jobs. Here too, automation has reduced the number of workers needed.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.



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  20. #17
    Quote Originally Posted by timosman View Post
    Which one is zippy?
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #18
    According to the St Louis Fed figures, manufacturing job bottomed out at 11.5 million during the Great Recession. By the time Obama left office, there were 12.4 million- an increase of 900,000 jobs. As of the latest figures, there are 12.8 million- an increase of 400,000 jobs. Who had more added under their watch? (In 1979, there were 19.5 million manufacturing jobs in the US).

    https://fred.stlouisfed.org/series/MANEMP
    Last edited by Zippyjuan; 05-04-2019 at 08:24 PM.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.

  22. #19
    Political Gridlock Will Be Good For Business

    The economy will do well with government control divided between Democrats and Republicans. I didn’t always believe this, but a decade ago I was persuaded by the late economist William A. Niskanen. “Our federal government may work better (well, less badly) when at least one house of Congress is controlled by the opposing party,” he wrote. “Divided government is, curiously, less divisive. It’s also cheaper. The basic reason for this is simple: When one party proposes drastic or foolish measures, the other party can obstruct them. The United States prospers most when excesses are curbed, and, if the numbers from the past 50 years are any indication, divided government is what curbs them.”
    http://www.forbes.com/sites/billcone...d-for-business

    In all seriousness name me 1 good reason why Trump gets the thanks for this?
    Last edited by tfurrh; 05-04-2019 at 08:27 PM.
    "It's probably the biggest hoax since Big Foot!" - Mitt Romney 1-16-2012 SC Debate

  23. #20
    Quote Originally Posted by Zippyjuan View Post
    According to the St Louis Fed figures, manufacturing job bottomed out at 11.5 million during the Great Recession. By the time Obama left office, there were 12.4 million- an increase of 900,000 jobs. As of the latest figures, there are 12.8 million- an increase of 400,000 jobs. Who had more added under their watch?

    https://fred.stlouisfed.org/series/MANEMP
    Trump hasn't been in office as long but the rate is much better already.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  24. #21
    Quote Originally Posted by tfurrh View Post
    https://www.google.com/amp/s/www.for...-business/amp/

    In all seriousness name me 1 good reason why Trump gets the thanks for this?
    Deregulation and tax cuts.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  25. #22
    Quote Originally Posted by Zippyjuan View Post
    That $billion investment will be replacing a couple of other facilities and be more automated- requiring fewer workers once the upgrade is complete.

    https://www.industryweek.com/leaders...n-valley-works
    And the coke coal, limestone, and iron ore workers? The increased job in these industries, the spending of wages in these local communities and the jobs created by it? Lol. Zip, everything is a news article and it's "bolding" without understanding that business is not a microcosm.
    Last edited by phill4paul; 05-04-2019 at 08:27 PM.

  26. #23
    Quote Originally Posted by tfurrh View Post
    https://www.google.com/amp/s/www.for...-business/amp/

    In all seriousness name me 1 good reason why Trump gets the thanks for this?
    Lucky timing mostly. Presidents get both too much credit and too much blame for what the economy does. He came along when the economy was already chugging along. He just has to not screw it up like with his trade wars.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.

  27. #24
    Quote Originally Posted by tfurrh View Post
    If there's one thing I know about the economy, it's that the president (R or D) is 100% responsible. I bet if the presidency didn't have those other branches, much less the private sector, the economic numbers posted would be off the charts!
    This is true. If the economy moves up or down, it's almost 100% attributable to the actions of the President.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!



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  29. #25
    Quote Originally Posted by phill4paul View Post
    And the coke coal, limestone, and iron ore workers? Lol. Zip, everything is a news article and it's "bolding" without understanding that business is not a micro-cosm.
    The article says they will not be increasing their maximum output so the impact on industries they get their inputs from will be zero. It will create more jobs during the construction period for those workers.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.

  30. #26
    Quote Originally Posted by tfurrh View Post
    http://www.forbes.com/sites/billcone...d-for-business

    In all seriousness name me 1 good reason why Trump gets the thanks for this?
    Quote Originally Posted by Swordsmyth View Post
    Deregulation and tax cuts.
    And defensive tariffs that stop foreign economic predators.

    None of which are helped by divided government.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  31. #27
    Quote Originally Posted by Swordsmyth View Post
    Deregulation and tax cuts.
    Yes, the .5% tax cut that he did I think really is responsible for at least 80% of these improvements.

    Don't forget also the tariffs which are huge too
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  32. #28
    Quote Originally Posted by Zippyjuan View Post
    Fracking and Shale oil have done more to hurt the coal industry than any of the wind and solar $#@! that article talks about. And yet natural gas and shale oil not mentioned even once in that article and the growth of those industries is what has made coal not price competitive and closed down coal miners. With that said, the coal company in my portfolio sold more last year than any year before (increasing overseas exports is good for our economy) and is minting cash; but thinking of the future by expanding their assets into gas and oil.

  33. #29
    Quote Originally Posted by Zippyjuan View Post
    The article says they will not be increasing their maximum output so the impact on industries they get their inputs from will be zero. It will create more jobs during the construction period for those workers.
    Cite.

  34. #30
    Quote Originally Posted by Swordsmyth View Post
    And defensive tariffs that stop foreign economic predators.

    None of which are helped by divided government.
    If you think tariffs help the economy you're gonna love a Sanders presidency.
    "It's probably the biggest hoax since Big Foot!" - Mitt Romney 1-16-2012 SC Debate

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