The Economy....

[global1]

I keep hearing that the American People vote their pocket book. I also keep hearing that our economy is doing well and that Trump will be running for re-election on the economy.

I'd like - here on DU - to have or do an analysis of the economy because if we're going to beat Trump we're going to have to poke holes in his boasting about how he is good for the economy and if he is not re-elected how the economy will go south.

We know that is coming - so we might as well be prepared for it. I didn't hear much talk about the economy last night and I'm wondering how we as Dems will counteract Trump's touting of the economy.

So can we list in this thread - the pros and cons of our economy? Is it as strong as has been said it is or is it just being propped up by Trump so he can use it to get re-elected.

If I was to have a discussion with my friends, relatives, neighbors and colleagues - what could I tell them that they should be aware of about the economy and what maybe does the future hold?

[Wellstone ruled]

1. Asked a ton of people

about how they felt about our Economy. And the major are scared shittless about their Future as well as their Children's and Grand Children's future.

Are we seeing 1980 all over? It will be the economy Stupid by fall.

[Xolodno]

2. HSBC announced they are going to do about 35,000 layoffs.

Mostly in the US.

Pier 1 is going belly up.

The T-Mobile and Sprint merger will no doubt result in closing stores that are near each other and through "synergies", result in layoffs at the top as well.

L Brands just dropped Victoria Secrets to another buyer...store closings are coming.

Sears....well, yeah, I suspect the big box store to vanish and just be a smaller durable goods store, such as appliances.

Domino's Pizza sales are booming....a sure sign people are turning to cheaper dining options.

Bed Bath & Beyond's turn around plan doesn't seem to be working. Expect more layoffs.

Investment banks are already warning of a correction.

And all this is recent news.

[global1]

3. Timing Is Every.....

If a correction comes before Summer, Trump will have time to compensate - tax breaks, farm support, etc- and buy off the critics. On the other hand if a correction occurs late Summer or Fall and makes a negative impression on voters - Trump may find himself in a hole.

Also - most people don’t appreciate how porous Trump has made nat security. The Dems will have to drive home that point.