Tag: Trump slump

Davos Attendees Wonder, ‘What on Earth Is Donald Trump Up To?’

In 2018, Davos was basking in a robust global economy as Donald Trump pledged that “America is open for business.”

One year on, the U.S. government is partially shut and the market ebullience that greeted the president’s corporate tax overhaul is a distant memory.

In the 12 months since he visited the World Economic Forum in the Swiss Alps, Trump has launched a trade war with China, slapped tariffs on Europe, weighed in on Prime Minister Theresa May’s Brexit deal, expressed understanding for France’s “Yellow Vest” protests against President Emmanuel Macron and threatened to “devastate” Turkey’s economy.

View the complete January 21 article by David Wainer on the Bloomberg website here.

The Coming Trump Slump

The following article by Benjamin P. Edwards and Sarah C. Haan was posted on the U.S. News and World Report website September 22, 2017:

Trump’s tumultuous presidency is damaging the U.S. economy.

Credit: Spencer Platt/Getty Images

Despite President Donald Trump’s asserted focus on job growth and the business environment, his administration is damaging the fundamentals undergirding U.S. economic growth. A slowdown seems likely because Trump’s fractious months in office have already degraded the nation’s business and investment environment.

Contrary to Trump’s belief, controversy-generating reality television strategies do not generate good governance and growth. While the president promised Guam’s governor that tourism would go up “tenfold” because of media attention from his Twitter tirades about North Korea, the numbers tell a different tale. The war of words cost Guam’s tourism industry $9.5 million last month. It appears vacationers would prefer to avoid possibly atomic attractions. Continue reading “The Coming Trump Slump”

Has the Old Trump Magic Lost Its Spell?

The following article by Froma Harrop was posted on the Creators.com website May 4, 2017:

There was a time when a phrase typed by the mighty fingers of Donald Trump would shock world leaders, swing markets and send public opinion into convulsions. But those awesome powers have shrunk considerably since Election Day. Responses that once quaked with “What does this mean for the planet?” have relaxed into “Oh, it’s him again.”

Trump just opined the government needs a “good” shutdown in September to “fix mess.” What would have been an extraordinary thing for a president to say, lawmakers treated like a car alarm that will eventually get turned off. As for Trump’s call to ditch the Senate’s filibuster rules so that bills could pass with no Democratic support, Senate Majority Leader Mitch McConnell simply drawled, “That will not happen.” Continue reading “Has the Old Trump Magic Lost Its Spell?”

People Don’t Want To Come To Trump’s America: The ‘Trump Slump’ In Travel Is Costing America Billions

The following article by Kali Holloway was posted on the AlternNet website March 29, 2017:

This is where all that nationalist nuttery gets you.

Well, that didn’t take long. People around the world have taken a look at Donald Trump and decided his America is not a place they want to visit. The result has been labeled the “Trump Slump,” a drop in international tourism that’s predicted to cost the United States more than $7 billion. Experts across the travel industry have sounded the alarm that the Trump presidency, already destructive on so many fronts, may also do serious financial damage to the country’s $250 billion tourism sector. Continue reading “People Don’t Want To Come To Trump’s America: The ‘Trump Slump’ In Travel Is Costing America Billions”