Corporate earnings took a hit in the second quarter. That’s another sign the economy is on the way to a nasty recession unless someone can control Trump’s urge to ruin the U.S. economy. Second quarter GDP product growth is in the one percent range, and employment figures took a hit in June after a decent May.
The trade war with China has Wall Street’s attention. Even though economic fundamentals show there’s a wolf in the economic henhouse, stocks keep Trump’s façade alive with his promise to make a great trade deal. But the trade war with China won’t end on Trump’s terms. The Chinese don’t trust Mr. Trump. China agreed to negotiate a deal again if Trump lifted the ban on Huawei. Mr. Trump agreed to do that. But the Commerce Department told the big tech companies the Chinese giant is still on the blacklist, according to the New York Times.
The pending Iran catastrophe keeps getting hotter. Trump wants Pompeo to find a way to link Iran with al-Qaeda. If Pompeo has proof, Trump can use the 2001 Authorization for Use of Military Force (AUMF) clause to put the lights out in Tehran. Iran told Trump they would explain the nuclear treaty to him again if he drops the sanctions. Instead of defusing the conflict, Trump inflames it to show he has the power to hurt people in other countries, according to the Iranians. In other words, he’ll do what he can to making people suffer, so he looks like he rules the world, according to the Washington Post.
The NYC Congresswoman known as AOC told the world Trump is up to no good on the border. AOC told the press Trump still wants money for a wall. The unsanitary conditions and judgmental border agents give his voter base the illusion he needs more money to stop the flow of migrants. Acting DHS Director Kevin McAleenan said he would dig into the nasty Facebook page and weed out the Trumpians who want to make life miserable for the migrants. Border agents set up a Facebook page to trash talk immigrants and the Democrats.
Michigan Congressman Justin Amash was the only Republican to call Trump out after he read the full Mueller report. Amash told the press Trump colluded, and he did obstruct justice. Trump called Amash a loser. After Amash told Trump to shove his dictatorship up his ass, Trump called Amash dumb and disloyal. Amash is an Independent and he’s up for reelection.