Just Sayin

  So here's to you Lucretia, and all those like you, one less to toast, and one more to mourn. May the lord have mercy on you, and and forgive you of your sins.  Rest in peace my friend.  

  A postmortem on the Trump trade policy. Donald Trump was touted as an economic genius. After all he has a degree from the most respected school of higher learning of economics in the U.S. The Wharton School of the University of Pennsylvania, or Wharton for short. He has had a career in business, and high finance, with some gains, and some losses, both spectacular, and dismal. So when he was elected, we were lead to believe that with this experience and knowledge, and his quote exceptional negotiating skills, that our economy, and trade would boom to 4% or even 5% growth, during his administration. Well, let us look at the numbers, to see if any of that bears out.   To begin with we were promised a 4% or5% GDP growth. The GDP was 2.9% when Trump took office, and Unemployment was 4.8%, the unemployment rate in Feb 2020 was 3.5%. Down 1.3%. While the drop is good, it is not spectacular, nor is it near historical. Growth rate for the last quarter before Covid, was 3.5%, and fo...