Politicspoliticsrcwrtneoconselections2020trumprecession

Mon Sep 9, 2019, 03:08 PM

Recession Already Grips Corners of U.S., Menacing Trumps 2020 Bid


The president’s trade wars are creating a scenario similar to 2016.



By September 9, 2019, 4:00 AM EDT

The moment usually comes during Greg Petras’s commute through the rolling hills and cornfields of southern Wisconsin. Somewhere between his home near Madison and the factory he runs on the edge of the small town of Brodhead, the news will turn to the trade wars and Donald Trump will again claim that China is bearing the cost of his tariffs. That’s when Petras loses it.

“It’s just an outright lie, and he knows it,” says 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?’”

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.

The company’s circus-themed summer picnic survived but weekend shifts are gone. A plant that just four years ago was humming along to a record $400 million in sales together with a sister plant in Kansas is running at 50% capacity. The five-year-old, $11 million paint shop that coats the company’s manure spreaders and livestock feeders in a distinctive “Kuhn Red” is at 39% capacity. Plans for a new $4 million research and development building are on hold. “We’ll do it someday,” Petras says. “We just need things to be going in a better direction.”

After two boom years the picture has changed for America’s factories. Battered by rising uncertainty and the damper it has put on capital expenditures, slowing export markets, a stronger dollar, and higher input costs due to tariffs, U.S. manufacturers are making less than they did a year ago.

more...

https://www.bloomberg.com/news/features/2019-09-09/a-manufacturing-recession-could-cost-trump-a-second-term?srnd=premium

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Reply Recession Already Grips Corners of U.S., Menacing Trumps 2020 Bid (Original post)
RCW2014 Monday OP
Bob the Bilderberger Monday #1
RCW2014 Monday #2
DDKick Monday #3
Dumper Monday #5
foia Monday #4
bfox74 Monday #6
Paradigm Monday #7
nolidad Monday #8
PrescientWon. Monday #9
rahtruelies Monday #10
oldenuff35 Monday #16
TheyLostTheirForums Monday #11
Carl Monday #12
CornFed Monday #15
quad489 Monday #13
DavesNotHere Monday #14

Response to RCW2014 (Original post)

Mon Sep 9, 2019, 03:12 PM

1. A recession is defined as 2 consecutive quarters with negative growth

We haven't had 1 yet. Ain't going to happen this year or next. So there's that.

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Response to Bob the Bilderberger (Reply #1)

Mon Sep 9, 2019, 03:15 PM

2. I'll go along with the "this year" but won't bet against next. eom

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Response to Bob the Bilderberger (Reply #1)

Mon Sep 9, 2019, 03:17 PM

3. A recession is whatever liberals want it to be.

Their truths are more important than facts. They need disastrous things to happen and they will help create disasters with all their might.

Can you imagine how the left and the MSM would treat this economy if they had the Oval Office?

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Response to Bob the Bilderberger (Reply #1)

Mon Sep 9, 2019, 03:34 PM

5. And Biden sniffs the corners of girls young hair.

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 03:18 PM

4. I'm sure this will make people want to vote for Dem candidatres

vowing to shut down entire industries.

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 04:54 PM

7. LOL

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 05:34 PM

8. And yet:

92% of last years corn and 26% of this years corn is already sold
95% of last years soybeans and 31% of this years are already sold
Same with wheat

Crop production is way way down and we will have a shortage once the USDA corrects their forecasts and make them in line with what is happening on the ground!

Farmers are not buying eqpmt. because of the late crop plantings and smaller crop acreage and yields as well as no secondary crops can be planted..

Because of teh Grand Solar Minimum- next yewar will be worse.

China has had food proces soar almost 50% their crop losses are even worse than ours! They will buy our corn. No one else produces enough to meet their demands!

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 05:35 PM

9. Recession has a definition.

We're not even close.

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 07:37 PM

10. faux news alert

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Response to rahtruelies (Reply #10)

Mon Sep 9, 2019, 11:13 PM

16. Call it what it really is, BS and out right left wing lies.

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 08:19 PM

11. LOL@ the PaleoComm!

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 08:25 PM

12. Articles like that are just plain stupid

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Response to Carl (Reply #12)

Mon Sep 9, 2019, 09:53 PM

15. The dumb shit this poster posts on a continual basis is nauseating

Inane, divisive bullshit

And is usually 100% wrong

Indeed

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 08:38 PM

13. ''The presidents trade wars''...LOL!!!

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Response to RCW2014 (Original post)

Mon Sep 9, 2019, 08:40 PM

14. Is this the one Paul Krugman predicted in 2016?

The day after Trump got elected?

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