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Scooped by Anonymous Hades
December 17, 5:26 PM
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Senator sounds dire alarm of looming 'mass unemployment' — and warns Trump is in on it - RawStory.com

Senator sounds dire alarm of looming 'mass unemployment' — and warns Trump is in on it - RawStory.com | Backstabber Watch | Scoop.it

Outspoken Vermont Sen. Bernie Sanders raised dire concerns Wednesday about the rapid expansion of artificial intelligence and robotics, warning that the United States is unprepared for the economic disaster that such technologies will bring. 

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Scooped by Anonymous Hades
December 8, 12:05 AM
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'Don't believe that': GOP lawmaker says Trump is wrong on 'issue number one' in rare break - Raw Story

'Don't believe that': GOP lawmaker says Trump is wrong on 'issue number one' in rare break - Raw Story | Backstabber Watch | Scoop.it

One Republican lawmaker told CNN that President Donald Trump is wrong about "issue number one." Rep. Brian Fitzpatrick (R-PA) appeared on the news network in a video released over the weekend. 

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Scooped by Anonymous Hades
November 6, 4:38 PM
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'Trump’s economy suuuuucks!' Panic as biggest layoffs in 22 years hit major corporations - Raw Story

'Trump’s economy suuuuucks!' Panic as biggest layoffs in 22 years hit major corporations - Raw Story | Backstabber Watch | Scoop.it

The US labor market, which in recent months had ground nearly to a halt, now appears to be entering a downward spiral. As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job cuts...

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Scooped by Anonymous Hades
November 3, 10:59 AM
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With Trump's focus elsewhere, the economy shows signs of trouble - NBC News

With Trump's focus elsewhere, the economy shows signs of trouble - NBC News | Backstabber Watch | Scoop.it

One Trump voter told NBC News that while she believes Trump "deep down" wants to boost the economy, "he is busy out of the country" and focused on "demolishing the White House."

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Scooped by Anonymous Hades
October 14, 12:27 PM
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JPMorgan strategist warns Wall Street investors of 'unfolding' economic disaster - Raw Story

JPMorgan strategist warns Wall Street investors of 'unfolding' economic disaster - Raw Story | Backstabber Watch | Scoop.it

With a temporary victory in hand after getting a tenuous ceasefire in place in Gaza, Donald Trump returned to the U.S., where the government is shut down, the shadow of the Jeffrey Epstein files hovers over him — and now Wall Street investors are being told by a key financial analyst that the U.S. is going broke.

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Scooped by Anonymous Hades
September 10, 9:56 AM
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'Won't work much longer': WSJ editors warn Trump's running out of economic excuses - Raw Story

'Won't work much longer': WSJ editors warn Trump's running out of economic excuses - Raw Story | Backstabber Watch | Scoop.it

President Donald Trump's ability to blame his predecessor for the deteriorating economic conditions in the United States is running out, the Wall Street Journal editorial board wrote on Tuesday. 

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Scooped by Anonymous Hades
August 2, 4:40 PM
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This looming calamity will make every previous Trump crisis feel like a speed bump - Raw Story

This looming calamity will make every previous Trump crisis feel like a speed bump - Raw Story | Backstabber Watch | Scoop.it

Republicans may be fixing to crash the economy again — Republican presidents oversaw 10 of the last 11 recessions and the Republican Great Depression — and they’re doing it to satisfy the greed of the billionaires they serve.

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Scooped by Anonymous Hades
June 26, 8:25 PM
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'Economy is rigged': Robert Reich says Trump 'fooled' the majority of Americans - Raw Story

'Economy is rigged': Robert Reich says Trump 'fooled' the majority of Americans - Raw Story | Backstabber Watch | Scoop.it

New York City's 2025 Democratic mayoral primary experienced a major upset when, on Tuesday night, June 24, progressive New York State Assemblyman Zohran Mamdani — a self-described "democratic socialist" endorsed by Sen. Bernie Sanders (D-Vermont) and Rep. Alexandria Ocasio-Cortez (D-New York)...

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Scooped by Anonymous Hades
June 19, 3:53 PM
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Trump’s economic agenda is already 'unpopular' — and it’s 'only downhill from here' - AlterNet

Trump’s economic agenda is already 'unpopular' — and it’s 'only downhill from here' - AlterNet | Backstabber Watch | Scoop.it

According to a Washington Post/Ipsos poll conducted June 6-10, President Donald Trump's "big, beautiful bill" — which narrowly passed in the U.S. House of Representatives, 215-214, and is now being considered in the U.S. Senate — is getting a negative response from many voters. 

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Scooped by Anonymous Hades
June 9, 1:32 PM
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'Standstill': Moody's chief economist admits job report has him 'uncomfortable' - Raw Story

'Standstill': Moody's chief economist admits job report has him 'uncomfortable' - Raw Story | Backstabber Watch | Scoop.it

Moody's Analytics chief economist Mark Zandi has been looking closer at the May jobs report, which was released last week. The more he examines it, however, the more his concern grows. 

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Scooped by Anonymous Hades
May 19, 6:58 PM
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Behind the real cause of this economic absurdity - AlterNet

Behind the real cause of this economic absurdity - AlterNet | Backstabber Watch | Scoop.it

Last Friday, the credit rating of the United States was downgraded. Moody’s, the ratings firm, announced that the U.S. government’s rising debt levels will grow further if the Trump Republican package of new tax cuts is enacted. 

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Scooped by Anonymous Hades
May 15, 7:56 PM
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Trump 'can't spin his way out’ of this major campaign 'lie': Never-Trump strategist - Raw Story

Trump 'can't spin his way out’ of this major campaign 'lie': Never-Trump strategist - Raw Story | Backstabber Watch | Scoop.it

Bulwark publisher Sarah Longwell sounded the alarm Thursday as she warned that President Donald Trump is losing steam among his own voters amid growing economic worries – particularly over grocery prices.

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Scooped by Anonymous Hades
December 10, 5:19 PM
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Trump accused of 'lying' and 'driving the affordability crisis' by economist - AlterNet

Trump accused of 'lying' and 'driving the affordability crisis' by economist - AlterNet | Backstabber Watch | Scoop.it

During a Tuesday rally in Mount Pocono, Pennsylvania, President Donald Trump aggressively defended his economic record. Trump insisted that inflation is way down under his watch and claimed that he is making the United States "affordable again." But...

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Scooped by Anonymous Hades
November 8, 12:57 PM
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Trump voters reach ‘breaking point’ as prices continue to soar: report - Raw Story

Trump voters reach ‘breaking point’ as prices continue to soar: report - Raw Story | Backstabber Watch | Scoop.it

A significant number of President Donald Trump’s supporters may have reached their “breaking point” as costs continue to climb, according to a new poll from Politico published Saturday.

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Scooped by Anonymous Hades
November 3, 10:26 PM
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Layoffs accelerate as Trump economy flashes red warning signs - Raw Story

Layoffs accelerate as Trump economy flashes red warning signs - Raw Story | Backstabber Watch | Scoop.it

Several major US corporations in the last month have announced plans to cut thousands of workers as layoffs in the American economy have reached their highest level since 2020, when much of the global economy was shut down due to the Covid-19 pandemic.

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Scooped by Anonymous Hades
October 24, 1:46 PM
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'Trump was wrong': Fact-checker flattens Trump's economy claims as grocery prices soar - Raw Story

'Trump was wrong': Fact-checker flattens Trump's economy claims as grocery prices soar - Raw Story | Backstabber Watch | Scoop.it

President Donald Trump has spent the past several weeks patting himself on the back for saving the American economy, but CNN fact-checker Daniel Dale said that the new economic numbers fly in the face of those Trump claims. 

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Scooped by Anonymous Hades
October 14, 10:45 AM
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Ticking time bomb: Warning as industries are on the brink of triggering economic collapse - AlterNet

Ticking time bomb: Warning as industries are on the brink of triggering economic collapse - AlterNet | Backstabber Watch | Scoop.it

What happens when huge amounts of money pour into poorly understood and unregulated industries that promise spectacular profits for a few winners? At best, some investors lose their shirts while the lucky ones make fortunes. At worst, the bubble bursts and takes everyone down with it...

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Scooped by Anonymous Hades
August 2, 8:59 PM
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'Only the beginning': Business leaders warn of Trump-induced economic crash - Raw Story

'Only the beginning': Business leaders warn of Trump-induced economic crash - Raw Story | Backstabber Watch | Scoop.it

As fallout continues from the latest jobs report that showed a dramatic slowdown in job growth, business leaders are warning that the current market slowdown is “only the beginning,” and that the impacts of President Donald Trump’s tariffs are already well underway, Politico reported...

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Scooped by Anonymous Hades
June 28, 5:37 PM
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From bad to worse: Trump's 3-pronged attack on working Americans - Raw Story

From bad to worse: Trump's 3-pronged attack on working Americans - Raw Story | Backstabber Watch | Scoop.it

What’s the biggest single economic challenge facing working and middle-class Americans? Housing. Its supply isn’t nearly keeping up with demand. This means higher home prices and higher rents. 

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Scooped by Anonymous Hades
June 26, 1:16 PM
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'Warning lights are starting to flash' as Trump economy takes hold: MSNBC report - Raw Story

'Warning lights are starting to flash' as Trump economy takes hold: MSNBC report - Raw Story | Backstabber Watch | Scoop.it

Due to a combination of factors, the economy under Donald Trump is heading in the wrong direction which should raise alarms. That is the opinion of investment analyst and MSNBC contributor Steve Ratner who appeared on "Morning Joe" on Thursday morning with host Jonathan Lemire.

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Scooped by Anonymous Hades
June 11, 6:19 PM
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Debt setting U.S. up for ‘economic heart attack’ as Trump bomb rounds the corner: report - AlterNet

Debt setting U.S. up for ‘economic heart attack’ as Trump bomb rounds the corner: report - AlterNet | Backstabber Watch | Scoop.it

The Wall Street Journal is reporting some of the biggest names in finance are sounding the klaxon horn on decades of U.S. off-the-hinges borrowing.“Ray Dalio, founder of the hedge fund Bridgewater Associates, has warned of a debt crisis akin to an ‘economic heart attack.’ 

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Scooped by Anonymous Hades
May 20, 9:56 PM
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'Death by a thousand cuts': Major bank sounds alarm on Trump's handling of economy - Raw Story

'Death by a thousand cuts': Major bank sounds alarm on Trump's handling of economy - Raw Story | Backstabber Watch | Scoop.it

The state of the United States' economy is much shakier than previously thought under President Donald Trump's leadership, according to one major international bank. 

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Scooped by Anonymous Hades
May 19, 6:25 PM
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'Urgent' matter for US economy: Alarm raised about Trump's 'path to financial crisis' - AlterNet

'Urgent' matter for US economy: Alarm raised about Trump's 'path to financial crisis' - AlterNet | Backstabber Watch | Scoop.it

Moody's Analytics delivered some bad news for the U.S. economy on Friday, May 16 when it downgraded the United States' credit rating. Moody's cited the country's growing national debt, which is up to $36 trillion, as the reason.

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Scooped by Anonymous Hades
March 21, 2020 9:03 AM
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Paul Krugman offers blunt advice on the coronavirus economic fallout: ‘Don’t trust Trump’ – Raw Story

Paul Krugman offers blunt advice on the coronavirus economic fallout: ‘Don’t trust Trump’ – Raw Story | Backstabber Watch | Scoop.it

Liberal economist and veteran New York Times economist Paul Krugman was a frequent source of wisdom during the Great Recession of the late 2000s and 2010s. Now, in 2020, the U.S.finds itself confronting a major health crisis that is also a major economic crisis: coronavirus... 

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