A Recession Is Already Happening In Parts Of The U.S.
Many sectors and geographical areas within the United States are already experiencing a recession. Faced with the choice of raising prices or cutting employees hours to pay for the tariffs, many are officially backed into a corner.
While the mainstream media and the political establishment continue to claim China is paying for the tariffs, those actually stuck paying them are calling it what it is: propaganda. It’s just politics as usual. “It’s just an outright lie, and he [Trump] knows it,” says Greg Petras, president of Kuhn North America, which employs some 600 people at its farm-equipment factory in Wisconsin. For Kuhn, Trump’s trade war has produced a toxic mix of rising costs and falling revenues. “You’re slamming your fist on the steering wheel and saying ‘Why would you tell people this?’”
According to Bloomberg, hours are being cut and the workforce is being furloughed to make ends meet. About 250 Kuhn employees spent the Labor Day holiday caught in a two-week furlough, and they’re facing another in early October. A shrinking order book means Kuhn is cutting costs and slashing production as Petras and his managers peer out at a U.S. economy that looks far bleaker from the swing-state heartland than it does in either the White House or on Wall Street.
Financial Experts Warn: Americans WILL Pay The Cost Of A Trade War
Whether the U.S. is headed for a recession or not appears to be the main debate right now. However, there is plenty of evidence that corners of the economy may already have stumbled into one thanks to the tariffs. Manufacturing is already officially in a recession as the costs of doing business after the tariffs (tax on American businesses and consumers) have begun to sink their claws in.
The sad truth is that Americans simply don’t want to face the facts when it comes to the trade war. Trump’s words appear good enough for too many while they assume his intentions are what we should be judging. The road to hell is paved with good intentions, and while he may want to “level the playing field” when it comes to China, the damage being done in the United States to businesses and already tapped out consumers borders on cruel. The truth doesn’t care about Trump’s intentions, unfortunately, and it’s time to face the facts.
The Ugly Truth About The Trade War
And Donald Trump himself said it if anyone cared to listen. He doesn’t see the economy as important as “sticking it” to China. “To me, this is much more important than the economy,” Trump told reporters on September 4. “Somebody had to do this.” Trump has also placed the blame on the businesses that are heavily impacted by his tariffs for their woes, calling them “badly run and weak,” and threatened to force American companies to abandon China.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
Source: https://www.shtfplan.com/headline-news/a-recession-is-already-happening-in-parts-of-the-u-s_09102019
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
All those parts of the country suck cause of bad policies they stay in a recession while the rest of the country is fine. Its your own fault dumbass move! Can you whiney fucks stop complaining long enough to do some work?