There is no doubt that President Donald Trump did an amazing job of running the country – the economy was booming, Americans were prospering with increased jobs and lower costs, taxes fell, and productivity was soaring.
It was not an easy job either – after Barack Obama bought the U.S close to ruin over his eight years in office and George W. Bush spent billions on a war with no justification.
America was winning again.
Once the covid pandemic hit, however, it was over from that point and now we are all dealing with Biden and his incompetent ravel he likes to call an administration. The economy got shut down and this took all the wind out of Trump’s sails.
It is probable that if Donald Trump had not had the 2020 presidential election stolen from him, the United States would still be continuing to flourish – and there would likely be no war in Ukraine right now.
Trump probably would have addressed the food shortages and randomly exploding food factories all over America right now – instead, Americans are left with an old fool, who barely knows what time of day it is, or even the year for that matter.
According to CNBC, productivity has fallen a staggering 7.5 percent last month alone and labor costs are steadily continuing to rise.
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared as the U.S. struggled with surging Covid cases, the Bureau of Labor Statistics reported Thursday.
Nonfarm productivity, a measure of output against hours worked, declined 7.5% from January through March, the biggest fall since the third quarter of 1947.
At the same time, unit labor costs soared 11.6%, bringing the increase over the past four quarters to 7.2%, the biggest gain since the third quarter of 1982. The metric calculates how much employers pay workers in salary and benefits per unit of output.
Wall Street analysts have forecast a 5.2 percent drop in productivity and an increase of 10.5 percent in labor costs. Over a year, productivity is forecast to drop by 0.6 percent – the most since 1993 when Bill Clinton was first in office.
Last week, Federal Reserve officials said that interest rates would be raised another half-point in an attempt to control inflation; making things more expensive will mean less spending, so that should bring down prices allegedly.
While the workforce becomes more expensive, companies will again look to automation to fill the gap and shed workers – this will further push up prices and then wages to “keep up.”
If Donald Trump was still president, we wouldn’t be in this mess right now. We are witnessing in real time, how dangerous and destructive the Democrats and their policies are.