How BAD is Trump’s Economy?

Trump’s economy is so bad, that…

Before we talk about how BAD it is, first…

Let’s turn to some official agencies to answer that question.

We’ll start with information from the Bureau of Economic Analysis, and the St. Louis Federal Reserve’s Economic Data.

Here’s a picture – it’s said that they’re worth 1000 words.

The DARK GRAY is Trump’s term in office, while the white line reflects the Real Gross Domestic Product (GDP – “real” means adjusted for inflation year-to-year) – which has consistently increased since Obama’s first quarter in his first term in office.

The MEDIUM GRAY (and DARK GRAY) areas represent the extent of Trump’s Economic Losses.

The LIGHT GRAY (at G.W. Bush’s end of term in office -and- presently) are representative of Economic Recessions.

So now that you’ve had an opportunity to examine the chart, let’s

Analysis – Examining the Record: Is Alabama Governor Bentley a “Jobs Creator” or a Drag on the State Economy?

When campaigning for the office of Alabama’s Governor, Robert Bentley – a retired dermatologist physician who at the time was an elected representative from Tuscaloosa County – promised if elected governor that, “I will forgo a salary as state representative for the rest of my term and will not accept a salary as Governor until Alabama reaches full employment.”
ref: http://blog.al.com/spotnews/2010/06/robert_bentley_extends_no-sala.html

When pressed on the matter, he later defined “full employment” as having state unemployment somewhere around 5%. It is a promise to which, as of the date of this entry – 12 April 2014 – he has kept. In other words, Alabama has NOT reached “full employment,” and he has not been paid a salary. He has, however, been compensated for out-of-pocket expenses (the governor’s office has a budget, so why would he personally have any such expenses for work in an official capacity?), though he has received – as legislator, a legally-mandated $1.00 per month salary. Since his election to the governorship, he has not received a salary.

Let’s examine Governor Bentley‘s employment record.

During Governor Robert Bentley’s watch, International Paper – the large paper mill formerly known as Champion Paper, in Courtland, and the largest employer in Lawrence County – closed and cost the area economy & state 1100 jobs. Those jobs were

GAO Report: Pentagon spending out of control – Rumsfeld reported same in 2001

[UPDATE – Friday, September 4, 2020: The DOD link for SECDEF Rumsfeld’s remarks “DOD Acquisition and Logistics Excellence Week Kickoff — Bureaucracy to Battlefield” made Monday, September 10, 2001 has been relocated/obfuscated/archived. The PDF file of his remarks may now be found on/downloaded from this site, on Donald Rumsfeld’s archival site, or from the Homeland Security Digital Library, a site “sponsored by the U.S. Department of Homeland Security’s National Preparedness Directorate, FEMA and the Naval Postgraduate School Center for Homeland Defense and Security.” Ed.]

• SECDEF Donald Rumsfeld remarks Monday September 10 2001 DOD Acquisition and Logistics Excellence Week Kickoff — Bureaucracy to Battlefield,

• http://library.rumsfeld.com/doclib/sp/115/Remarks%20Launching%20DoD%20Acquisition%20and%20Logistics%20Excellence%20Week%2009-10-2001.pdf#search=%22pentagon%20bureaucracy%22 ,

• or https://www.hsdl.org/?view&did=2423 . Ed.]

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What does Alabama U.S. Senator Jeff Sessions think about the March 2012 Government Accountability Office report to Congress that found the 96 highest-priority defense programs in the Pentagon acquisitions system represented an estimated total cost of $1.58 trillion, and had actually “grown by over $74 billion or 5 percent in the past year”?

The report, entitled DEFENSE ACQUISITIONS: Assessments of Selected Weapon Programs – may be downloaded from the GAO website: http://www.gao.gov/assets/590/589695.pdf

Or from this blog internally: GAO 3/12 report – DEFENSE ACQUISITIONS Assessments of Selected Weapon Programs

And then, there are the Remarks as Delivered by Secretary of Defense Donald H. Rumsfeld, The Pentagon, Monday, September 10, 2001 entitled “DOD Acquisition and Logistics Excellence Week Kickoff — Bureaucracy to Battlefield,” in which he said “According to some estimates, we cannot track $2.3 trillion in transactions.”

How many variety of voices over an extended period of time do we need before we heed their warnings?

His speech, in its entirety follows.

Roll freakin’ Tide! Alabama Football – Crimson Tide News, Scores, etc.

As predicted, the Alabama Crimson Tide handed the head of the ORANGE CRUSH of the Tennessee Volunteers, on a platter this evening in Knoxville, TN!

With a phenomenal 41 – 10 victory over the Volunteers, the Crimson Tide

Sam… in memoriam.

A dear, longtime friend of mine recently made a difficult and heart wrenching decision to euthanize his beloved pet. He is an excellent writer, and shared about his decision in the following post.

“On Saturday September 18th, I lost something else that meant the world to me. I finally had to make that awful decision to put my oldest dog Sam, to sleep. I admit it was one of the most difficult decisions I have ever had to make. With deeply loved pets, it is the ultimate contradiction: Along with the joy of ownership comes the agony of responsibility. Like anything that you love, you always know in the back of your mind that the day will eventually come when you have to let it go. Even though you know, you can never quite prepare yourself for it fully and you still can never quite say goodbye. I knew someday the day was going to come for Roxie, but I did not have to make the decision for her, as I did with Sam. Roxie passed away before I had the chance to make it. Sam was a different case. She was

Two Numbers – ONE BIG, one small

$9,100,000,000,000

Nine TRILLION, one hundred BILLION…

Remember another number.

Two.

During the reign of King George W. Bush, just TWO of his failed policies have cost Americans $9,100,000,000,000.

What two failed policies are those?

The Bu$h tax cuts, and the creation of a Rx (prescription drug “benefit” written wholly by Big Pharmaceutical industry cronies.

The U.S. Census Bureau’s most current estimation of the population of the United States places 308,171,505 people in the United States as of December 17, 2009.

Put another way, that’s a cost of $29, 529 per person.

As a result of deregulation of the financial industries – banks, insurance and stock brokerages – thus creating one giant incestuous financial orgy, Americans have directly suffered under the thumbs of bankers and insurance companies, while their Wall Street cohorts, in conjunction with imaginative thieves, have twiddled and fiddled to create “investment derivatives” – essentially a Ponzi schemed fiscal fraud – out of thin air. That house of cards having collapsed, has revealed what was suspected all along. Outside the transparent dressing room of his glass house, the king had no clothes.

Driven by greed and an insatiable lust for more,