Trump’s economic failure

Trump has also placed Tariffs on China and placed Sanctions on Russia. Trump has placed Tariffs on European Union. The tariffs on China caused total collapse of USA industrial supply chains. Destruction of Industrial supply chains in USA led the way destruction of many of industries in America due to lack of supplies and parts. They did not have parts to manufacture and it was not profitable to produce them. So We had to continue importing from China at higher price. It increased our manufacturing cost and it increased the cost of many products in America. Trumps tariffs on China was very aggressive and hurt USA more than it hurt China. Many of blue collar jobs in America were lost. The only reason employment number had improved was uncontrolled borrowing by Corporations and manufacturers. It has also led to bankruptcy of many factories and will even increase the number of bankrupt corporations in America in a little while. Trump practiced very wrong economic policies reducing the tax for big corporation. It led to buy back of stocks by corporations. Meaning Corporations bought from people their stocks. Corporation got bigger control over economy and lives of others. Many Americans lost their assets in the process. The wealthy got wealthier. Yet many of fundamental of our national power such industries and manufacturing were forever destroyed. Industries and factories were sign of American greatness such as IBM, General Motors, and General Electric are forever lost and they will never rise again. This was all due to Trump’s policies. Yet the value of apps and softwares went up. Useless apps and softwares value and corporation’s value went higher. But they are worthless because they are just app and software. They are producing apps and artificial intelligence we can produce by our AI and Software wining one second. For us the era of apps and artificial intelligence is a destruction for others and experiment for us. We sometimes call it turtles on rockets having people design artificial intelligence we have already designed years earlier. Anyway, we are losing important companies such as General Motors, General Electric, and IBM. The replacement is whats app and Pipe Piper app company. Trump has been bad for USA economy. The deceiving growth we saw during the first couple of years of Trump was due to reduction of Tax. It also reduced USA national revenue. Big corporations and very wealthy stopped paying tax. They already had loop holes and other means of not paying tax. But now they don’t have to pay tax at all. It made easier for them to not pay for social services and for federal tax. It is making us to owe more and more. Our national debt has reached critical point under Trump’s administration. We did not even have the forecasted growth in 2018 and 2019. The growth was forecasted to be 4 percent but it was 1.7 percent. Interests rates went higher. It increased borrowing cost for everyone making it difficult to pay back mortgages and loans. Trump also caused Manufacturing recession in America. Trump destroyed USA economy. Trump policies was so bad that it led to collapse of oil market. The value of oil went below zero dollar for a day. Meaning the petrochemical facilities had to pay to sell oil to others. During that day Saudi Arabia, Iran, Qatar, Russia, China, and other Nations bought all of our oil platforms. Now foreigners own America’s oil platforms. It reminds me of Banana republics. Trump has turned USA to the new Banana Republic. Trump must have increased the number of the mines in USA. Mining sector is great for economy and it jumps starts the industries. We must start mining from USA to a great extend. We must mine now to fix our economy. But there are globalism rules we must obey. We send the mined materials from USA to Iran, Europe, and China. Iran, China, and Europe will smelt the raw material. Then they will send to us the industrial parts and industrial supplies. So we can use industrial supplies in America to build finished goods. The globalism dictates there must be an ocean between Industrial supply chains. Meaning we must mine from America. Then send it abroad to smelt them. Then they send them back to USA to build final products. Then we export them for great profit. Makan Abazari Shahan Shah Iran,

Iran #USA #Trump #Joe #Biden