economy

Days After Tipping Hundreds Of Layoffs, US Steel Tips 150 More

"The exact numbers haven’t been finalized".

"The exact numbers haven’t been finalized".
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11 comments on “Days After Tipping Hundreds Of Layoffs, US Steel Tips 150 More

  1. Harvey Cotton

    Could you imagine if Republicans had actually elected a competent, racist right-wing demagogue instead of a game-show host dingbat.

    Trump wants tariffs on foreign steel, a border wall with Mexico, a trillion-dollar infrastructure program, and unlimited domestic energy production, and is benefiting from historically low yields for Treasurys and the newfound power to declare everything a national emergency, redirect Congressional spending, and controls monetary policy to boot. The Constitution is whatever five people, two of them his, say it is.

    So follow me here. A real life President could easily get Congress to pass a pork-laden infrastructure bill to build bridges and ports and other things that rely on steel, supplied by coal. Borrowing costs for all of this is ridiculously low, and exported steel is priced out by unilaterally imposed tariffs. This fictional, competent President could then, apparently by fiat, construct a wall along the Mexican border composed in part by steel slats. Fracked gas could be piped throughout the country and even out into export markets through high-end steel pipes that do not break and leak poison into people’s drinking water. Republicans get business-friendly policies, their hate monument, and blue collar votes in the Rust Belt.

    Instead, this serial idiot, this man-child, this demented dotard, cannot pass any infrastructure bill. He cannot build anything beyond a couple of chain-linked fences, and cannot create demand for two 19th Century commodities his own retrograde policies and electoral success demand, even with cheap money and a protected domestic market.

    • When arrogance and hubris finally prevailed over decency and reason this is the result , hopefully only for a limited time…Then again there was the example of the Romans……………

    • Anonymous

      You forgot to mention Trump’s “Space Command”

  2. Anonymous

    Harvey all true. And it should be stated that all of this occurs or does not occur with robust support from his base and his fellow republicans.

    Now if you will give me a little credit for stopping by here first, I need to go evaluate talent for my “Old Skull University” team. We; “The Power and the Glory” kick off Season VII with the draft Thursday night.

  3. Trump is doing what is best for the country in the long term…and standing up to cheating, thieving China is long overdue! Short term pain is better than future disaster…plus there’s the 8 years of Bath-House Barry’s huge debt and ruinous policies still to deal with, and a do-nothing Congress. Frankly, the job Trump is doing is amazing!

    • Nortutis Coooch

      Awwwwww,, Richard really? With any luck, you and your donald will be in the same wing in a mental institution that reasonable people will open. Perhaps you and your idol will make America great again with blunt scissors and construction paper

    • “huge debt”… it’s pretty clear that quite a few of the president’s supporters simply refuse to accept reality on multiple fronts.

      Trump has exploded the deficit when the economy didn’t need it. his fiscal policies are, objectively speaking (i.e., stripped of partisan bias) exceptionally irresponsible.

      he is now the all-time record holder for most interest paid on US government debt in a single year.

      and all of that from a purported “Republican”. the CBO’s latest budget outlook is a veritable disaster.

      https://heisenbergreport.com/2019/08/21/us-seen-hemorrhaging-red-ink-as-deficit-to-top-1-trillion-sooner-than-expected/

    • Stephen in Canada

      Richard:

      You betray your lack of understanding and political bias when you criticize POTUS 44’s “huge debt” – failing to recognize that that debt growth was to address (sussessfully) the utter disaster left by the previous Republican administartion ending with the ’08 financial fiasco. Please, either find out what you’re talking about or STFU.

  4. Roger Rutgerson

    Lowest unemployment rate in 10 years and the lose of a few hundred jobs is big news?

  5. Anonymous

    In the end, in other words the end game, all of these things will prove correct. The problem with the left is they have no balls and would prefer a recession until China takes over the world. Short term pain will prove to be the answer long term, long term being how the Chinese think. Trump doesn’t care what it takes, it has to be done. And if any of you think your 401k would be higher with Hillary at the controls.. think again!

  6. Well Mr. Trump, it’s time for you to Step Up to the plate & show China that you know how to play hardball too. From what I seen, you got mad because a Communist Nation chose to Invest 1.5 billion dollars into their own Car Company; you have the Opportunity to Upgrade Our Future Military Housing Area’s with Floating Satellites & by doing this, not only will the Steel Industry be Saved, but it Will Boost Our Economy up with plenty of Jobs.
    Such satellites can be used for the Development of the African Continent (whereby we can get back some of the Billions of American Dollars already sent to the United Nations) that holds 21 of the 27 strategic minerals in our World. Since, you want to be Remembered for your Presidential Contributions then Do This, because it will be around for over 200 years.

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