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11 Quotes From Trump’s Speech To Congress That Show That The U.S. Economy Is In A State Of Collapse

Monday, March 6, 2017 7:22
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style="font-weight: bold; text-decoration: none;" target=
"_blank"><br "Donald Trump's Speech To A Joint Session Of Congress - Public Domain"
height="254" src=
style="border: 0px; display: block; margin: 10px auto;" width=
"460" />
After Tuesday night, nobody should have any more doubt
that the U.S. economy has been in the process of collapsing. 
Donald Trump’s speech to a joint session of Congress is being
hailed as his best speech ever.  Even CNN’s Van Jones praised
Trump, which shocked many observers.  Jones said that when
Trump honored the widow of slain Navy Seal Ryan Owens that it “was
one of the most extraordinary moments you have ever seen in
American politics”, and Jones believes that Trump “became President
of the United States in that moment”.  But Trump’s speech is
not just being praised for that one moment.  He detailed many
of the most important problems that our nation is facing, and he
explained his prescription for addressing those
Hopefully Trump’s words helped people to understand that our
problems did not get fixed just because he got elected.  It is
going to take extraordinary action to fix those problems, because
our problems run very deep.  In particular, Trump made an
exceedingly strong case that the U.S. economy has been badly
deteriorating for a very long period of time.  The following
are 11 quotes from Trump’s speech to Congress that show that the
U.S. economy is in a state of collapse…
#1 “Ninety-four million Americans are
out of the labor force”
#2 “Over 43 million people are now
living in poverty”
#3 “Over 43 million Americans are on
food stamps”
#4 “More than one in five people in
their prime working years are not working”
#5 “We have the worst financial
recovery in 65 years”
#6 “In the last eight years, the past
administration has put on more new debt than nearly all of the
other Presidents combined”
#7 “We’ve lost more than one-fourth of
our manufacturing jobs since NAFTA was approved”
#8 “We’ve lost 60,000 factories since
China joined the World Trade Organization in 2001″
#9 “Our trade deficit in goods with the
world last year was nearly 800 billion dollars”
#10 “Obamacare premiums nationwide have
increased by double and triple digits. As an example, Arizona went
up 116 percent last year alone.”
#11  “We’ve spent trillions and
trillions of dollars overseas, while our infrastructure at home has
so badly crumbled”
So many of the economic themes that Trump touched on are
things that I have been writing about recently.  For example,
I recently published an article entitled “ ""
style=" font-weight: bold; text-decoration: none;" title=
"11 Deeply Alarming Facts About America’s Crumbling Infrastructure"
target="_blank">11 Deeply Alarming Facts About America’s Crumbling
” in which I discussed the horrific state of our
roads, bridges, ports, dams, water systems and airports.  I
greatly applaud Trump for wanting to do something about this
growing national crisis, but I just don’t know where the money is
going to come from.
Just over a week ago I also wrote a major
article  ""
style=" font-weight: bold; text-decoration: none;" title=
"about Obamacare" target="_blank">about Obamacare
.  We
have zero hope of turning our economy in a positive direction until
we do something to fix our dramatically failing healthcare system,
but at the moment Republicans in Congress seem extremely hesitant
to take action.  Instead, many Republican leaders are now
talking about trying to “ ""
style=" font-weight: bold; text-decoration: none;" title=
"fix Obamacare" target="_blank">fix Obamacare
“, and that simply
is not going to work.
You can’t “fix” a steaming pile of garbage.
All of the other facts that Trump listed about the economy
were right on point too.  I have been screaming  "nofollow" href=
"" style=
" font-weight: bold; text-decoration: none;" title=
"for seven years" target="_blank">for seven years
our nightmarish trade deficit and the fact that tens of thousands
of businesses and millions of good paying jobs were leaving the
country.  It is refreshing to finally have a president that
understands how badly America has been hurt by imbalanced trade
agreements, and my hope is that he will start to take constructive
action in this regard.
So much damage to the economy has already been done, and
there are all kinds of indications that we are about to officially
slide into yet another recession.  Yesterday we learned that
the number of “distressed retailers” in this country is the highest
that it has been  ""
style=" font-weight: bold; text-decoration: none;" target="_blank"
title="since the last recession">since the last recession
, and
in recent weeks major retailers across the nation have announced
the closing of  ""
style=" font-weight: bold; text-decoration: none;" title=
"hundreds of stores" target="_blank">hundreds of stores

Lending standards  ""
style=" font-weight: bold; text-decoration: none;" title=
"are tightening" target="_blank">are tightening
bankruptcies  ""
style=" font-weight: bold; text-decoration: none;" title=
"are rising" target="_blank">are rising
, and employment growth
at companies listed on the S&P 500  ""
style=" font-weight: bold; text-decoration: none;" target="_blank"
title="has gone negative">has gone negative
 for the first
time since the last recession.
It is being projected that GDP growth for the first quarter
of 2017 will be barely above zero, but it wouldn’t surprise me at
all if we actually had a negative reading.
If we indeed are heading into a new recession, Trump and his
supporters need it to happen  ""
style=" font-weight: bold; text-decoration: none;" title=
"as soon as possible" target="_blank">as soon as
 so that they can blame it on Obama.  If a
recession begins a year from now, everyone will blame it on Trump
even if it is not his fault.  But if a recession begins now,
Trump and his supporters can pin responsibility for it on Obama and
then take credit if and when a recovery occurs.
"background-color: #f4f4f4; border: 1px solid rgb(225, 225, 225); clear: both; color: #555555; height: 73.59375px; padding: 1em;">
Everything that is broken in our country can be fixed. Every
problem can be solved. And every hurting family can find healing
and hope.
I hope that Trump is right, but I also know that the federal
government is already  ""
style=" font-weight: bold; text-decoration: none;" title=
"20 trillion dollars in debt" target="_blank">20 trillion dollars
in debt
, U.S. consumers are already  target="_blank" href="/r2/?url="
style=" font-weight: bold; text-decoration: none;" title=
"more than 12 trillion dollars in debt" target="_blank">more than
12 trillion dollars in debt
, and corporate debt has
approximately doubled since the last financial crisis.
You can’t squeeze blood out of an apple, and you can’t get
out of a debt bubble by going into a lot more debt.
I understand that there are so many people out there right
now that are deeply optimistic about the future, but the truth is
that we have no hope of a positive future unless we fundamentally
change our ways as a nation.  I wish that someone could show
me evidence that this is happening, because I would be very glad to
see it.  As it stands, we continue to steamroll toward the
kind of apocalyptic future for this country that I have been
warning about  style=" font-weight: bold; text-decoration: none;" target="_blank"
title="for a very long time">for a very long time
It will take a lot more than words to fix America, and I
think that Donald Trump understands this.
Hopefully many of his followers will start to get the message
as well.
Credit to Economic Collapse


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