January 10, 2019

TRUMPONOMICS:

Shutdown's economic damage: $1 billion a week: The mounting toll is adding new risks to the Trump administration's economic hopes for 2019. (VICTORIA GUIDA 01/09/2019, Politico)

The roughly 800,000 government employees who are either furloughed or working without pay will be forced to start slashing their consumer spending when paychecks don't appear this week. Private-sector contractors and other workers tied to the government are already seeing damage from lost business.

And a hit to the nation's financial standing is on the horizon with a warning from Fitch Ratings on Wednesday about downgrading the government's credit rating if the shutdown persists.

Estimates from President Donald Trump's chief economist peg the cost to the overall U.S. economy at about $1.2 billion for each week the shutdown persists.

People seem unable to compute the fact that a tanking economy is a desirable outcome for Nativists as it makes America a less desirable destination.
Posted by at January 10, 2019 3:59 AM

  

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