America’s economy is taking hits from all sides, as the impact of reckless federal policies is being felt.
Stocks declined by about 750 points in trading measured by the Dow Jones Industrial Index, bringing two day losses up to 1500 points.
The United States was on the losing end of an international trade war, with the largest gap in exports and imports in a decade despite tariffs imposed by President Donald Trump.
The Commerce Department announced that trade deficits grew for the fifth consecutive month in October.
That news and the arrest of a Chinese mobile phobe company CEO triggered concern that things will get worse before they get better.
Meanwhile, a temporary deal to keep the federal government operating failed to address a massive budget gap made wider by the tax cut legislation sign into law, which reduces revenue by $2 trillion.
These irresponsible actions have endangered an American economy that has been distorted to favor the super wealthy over the past 40 years, causing greater distress among the working class and poor.
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