TurnRightAtLost.com
  • Blog
  • Columns
  • Videos
  • Blog
  • Columns
  • Videos

"How ya doin America?"

8/19/2020

Comments

 

Prior to Covid Pandemic, 
This was the State of the USA under President Trump:

On drug use, availability and pricing:
  • The FDA approved more affordable generic drugs than ever before in history.
  • Many drug companies are freezing or reversing planned price increases.
  • Reformed Medicare to stop hospitals from overcharging low-income seniors on their drugs—saving seniors hundreds of millions of dollars this year alone.
  • Trump signed Right-To-Try legislation
  • Reduced 'high-dose' opioid prescriptions by 16%

On Manufacturing and employment:
  • Created almost 4M jobs since election in 2016
  • Recorded highest employment in US history
  • Manufacturing jobs grew at the fastest rate in THREE DECADES
  • New unemployment claims at a 49-year low
  • Median household income highest level ever recorded
  • Lowest African-American unemployment rate ever recorded
  • Lowest Hispanic-American unemployment rate ever recorded
  • Lowest Asian-American unemployment rate ever recorded
  • Lowest Women’s unemployment rate in 65 years
  • Lowest Youth unemployment rate in nearly half a century
  • Lowest Veterans’ unemployment rate in nearly 20 years

On economic expansion:
  • American businesses repatriated $665 billion cash just last year (2019)
  • Economic growth last quarter of 2019 hit 4.2 percent
  • Almost 3.9 million Americans off food stamps since the election
  • 401K's have grown by 45 % since 2016. (NYSE 18,500 - 27,000)
  • Your taxes have dropped by an average of $1000 (nonpartisan tax policy center)
  • Apple Corp cap rates reaches $1 trillion (world record)

On illegal immigration and terrorism:
  • The number of unauthorized residents at lowest point in 15 years (NY Times)
  • Improved vetting, screening and overseas resettlement for refugees 
  • Withdrew from one-sided Iran Deal, Paris Agreement
  • Moved U.S. Embassy to Jerusalem
  • ISIS terrorist deaths decreased 69% in 2018
  • Iraq’s terrorism death toll decreased by 75% in 2018 (GTI)

On military readiness and veteran care:
  • US Military rated number one in the world (GFP Review)
  • NATO allies are spending $69 billion more on defense since 2016
  • Since 2016 military deaths have dropped by over 50% (US Dept of Defense)

Since the Covid19 Pandemic Crisis began in January 2020

  • Employment rates fell by more than during the Great Recession
  • 44% of the population experienced a decline in earnings 
  • 54% experienced a decrease in savings
  • Average monthly consumer consumption plunged by 25% 
  • US economy shrank by the largest % since the Great Recession
                                            but,
  • Apple cap rate reaches $2 trillion (one year after setting new record)
  • NASDAQ nudges record high
  • Fund managers most optimistic since Pandemic began (Market Watch)

The US national debt reached 120.5 percent of the nation’s annual economic output, breaking a record set in 1946 for the highest debt level in the history of the United States. The previous extreme of 118.4 percent stemmed from World War II, the deadliest and most widespread conflict in world history. Certainly the debt issue cannot all be blamed on the Covid19 pandemic, but it has taken any discussion of cutting spending off the table.

After the Trump 2017 Tax Cut, federal tax collections increased by an all-time high of $17 trillion over the previous year. That was the result of rapidly increasing employment and business growth, all of which has been reversed by the Pandemic economic contraction.

In less than six months, the US has seen all of its economic progress return to Obama era stagnation. However there is still a lot of institutional confidence in America's economic resilience, so Wall Street remains strong. 

Two positive things about the Covid19 pandemic is that it has devastated both the Islamic Jihad and the Columbian Drug Cartels, and our country elected Donald Trump in 2016.

Comments
    Picture

    RSS Feed

    Recommended          Reading

    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Picture
    Too hot to handle!
    Picture
    eBook only $12.99. (click here)
    Picture
    eBook only $14.99 (click here)
    Picture
    eBook only $12.99 (click here)
    Picture
    eBook only $14.99 (click here)
    Picture
    eBook only $15.99 (click here)
    Picture
    eBook only $2.99 (click here)
    Picture
    eBook only $2.99 (click here)
    Picture
    eBook only $14.99 (click here)
    Picture
    eBook only $9.99 (click here)
    Picture
    eBook only $9.99 (click here)

    Archives

    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    April 2022
    February 2022
    January 2022
    December 2021
    October 2021
    September 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    April 2013

Powered by Create your own unique website with customizable templates.