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Is America in the crisis that Trump claims it is in?
#1
From The Economist

The dividing of America

Donald Trump’s nomination in Cleveland will put a thriving country at risk of a great, self-inflicted wound
Jul 16th 2016 | From the print edition

FROM “Morning in America” to “Yes, we can”, presidential elections have long seemed like contests in optimism: the candidate with the most upbeat message usually wins. In 2016 that seems to have been turned on its head: America is shrouded in a most un American pessimism. The gloom touches race relations, which—after the shooting of white police officers by a black sniper in Dallas, and Black Lives Matter protests against police violence, followed by arrests, in several cities—seem to get ever worse. It also hangs over the economy. Politicians of the left and right argue that American capitalism fails ordinary people because it has been rigged by a cabal of self-serving elitists. The mood is one of anger and frustration.

America has problems, but this picture is a caricature of a country that, on most measures, is more prosperous, more peaceful and less racist than ever before. The real threat is from the man who has done most to stoke national rage, and who will, in Cleveland, accept the Republican Party’s nomination to run for president. Win or lose in November, Donald Trump has the power to reshape America so that it becomes more like the dysfunctional and declining place he claims it to be.

This nation is going to hell
The dissonance between gloomy rhetoric and recent performance is greatest on the economy. America’s recovery is now the fourth-longest on record, the stockmarket is at an all-time high, unemployment is below 5% and real median wages are at last starting to rise. There are genuine problems, particularly high inequality and the plight of low-skilled workers left behind by globalisation. But these have festered for years. They cannot explain the sudden fury in American politics.

On race relations there has, in fact, been huge progress. As recently as 1995, only half of Americans told pollsters that they approved of mixed-race marriages. Now the figure is nearly 90%. More than one in ten of all marriages are between people who belong to different ethnic groups. The movement of non-whites to the suburbs has thrown white, black, Hispanic and Asian-Americans together, and they get along just fine. Yet despite all this, many Americans are increasingly pessimistic about race. Since 2008, when Barack Obama was elected president, the share of Americans who say relations between blacks and whites are good has fallen from 68% to 47%. The election of a black president, which seemed the ultimate proof of racial progress, was followed by a rising belief that race relations are actually getting worse.

What explains the divergence between America’s healthy vital signs and the perception, put with characteristic pithiness by Mr Trump, that the country is “going down fast”? Future historians will note that from about 2011 white and non-white babies were born in roughly equal numbers, with the ageing white population on course to become a minority around 2045. This was always going to be a jarring change for a country in which whites of European descent made up 80-90% of the population for about 200 years: from the presidency of George Washington to that of Ronald Reagan.

Demographic insecurity is reinforced by divisive partisan forces. The two parties have concluded that there is little overlap between the groups likely to vote for them, and that success therefore lies in making those on their own side as furious as possible, so that they turn out in higher numbers than the opposition. Add a candidate, Mr Trump, whose narcissistic bullying has prodded every sore point and amplified every angry sentiment, and you have a country that, despite its strengths, is at risk of a severe self-inflicted wound.

Reshaping politics
The damage would be greatest were he to win the presidency. His threats to tear up trade agreements and force American firms to bring jobs back home might prove empty. He might not be able to build his wall on the border with Mexico or deport the 11m foreigners currently in the United States who have no legal right to be there. But even if he failed to keep these campaign promises, he has, by making them, already damaged America’s reputation in the world. And breaking them would make his supporters angrier still.

The most worrying aspect of a Trump presidency, though, is that a person with his poor self-control and flawed temperament would have to make snap decisions on national security—with the world’s most powerful army, navy and air force at his command and nuclear-launch codes at his disposal.

Betting markets put the chance of a Trump victory at around three in ten—similar to the odds they gave for Britain voting to leave the European Union. Less obvious, but more likely, is the damage Mr Trump will do even if he loses. He has already broken the bounds of permissible political discourse with his remarks about Mexicans, Muslims, women, dictators and his political rivals. It may be impossible to put them back in place once he is gone. And history suggests that candidates who seize control of a party on a prospectus at odds with that party’s traditional values tend eventually to reshape it (see [/url]article). Barry Goldwater achieved this feat for the Republicans: though he lost 44 states in 1964, just a few elections later the party was running on his platform. George McGovern, who fared even worse than Goldwater, losing 49 states in 1972, remoulded the Democratic Party in a similar fashion.

One lesson of Mr Trump’s success to date is that the Republicans’ old combination of shrink-the-state flintiness and social conservatism is less popular with primary voters than Trumpism, a blend of populism and nativism delivered with a sure, 21st-century touch for reality television and social media. His nomination could prove a dead end for the Republican Party. Or it could point towards the party’s future.

When contemplating a protest vote in favour of tearing up the system, which is what Mr Trump’s candidacy has come to represent, some voters may ask themselves what they have to lose. (That, after all, is the logic that drove many Britons to vote for Brexit on June 23rd.) But America in 2016 is peaceful, prosperous and, despite recent news, more racially harmonious than at any point in its history. So the answer is: an awful lot.
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#2
Not everybody agrees with Trump's apocalyptic view of the US, not even all conservatives..

Quote:What do we have to lose? Quite a bit, actually. Trump World’s pervasive pessimism about the state of America — shared by too much of the right —  is fully detached from reality. The nation isn’t a shambles, nor only a tick or two from midnight and doomsday. Does it face challenges? Of course. It always has and always will. Yet no advanced economy is better positioned to prosper in the coming decades amid sweeping technological change.

Vote for Trump. Vote for Hillary Clinton. But whomever you vote for, don’t make your decision based on some nightmarish view of the state of the union. I’m a conservative who finds the self-described billionaire businessman wildly unfit to be the next American president. Trump’s bigotry and boorishness are morally offensive. His apparently willful ignorance of domestic and foreign affairs is alarming. But also deeply troubling is the apocalyptic picture Trump paints of the American project in 2016, one that may frighten voters into supporting him but is totally at odds with the facts.

Now, perhaps this measured optimism comes as a surprise to Republicans who’ve been told by some politicians and pundits that America is always only a year or two from government debt–driven financial calamity. They’ve also been told the economic recovery is "false" — Trump’s word — due to phony government statistics and Federal Reserve money printing at the behest of the Obama White House and the Hillary Clinton campaign. Inflation is really sky high rather than quiescent, and the unemployment rate is many multiples of the "official" number.

But the stubborn facts, both from within and outside government, paint a much different picture than that presented by the apocalyptarians. The data doesn't support the gloom. Sure, the recovery has been slow, at least the slowest since World War II, maybe in American history. But get in line. Great Britain’s recovery is perhaps the slowest in nearly two centuries, and the UK even has the low, low corporate tax rate conservatives lust after. Perhaps what is wrong with the US economy in recent years isn’t mainly Obamacare or Dodd-Frank or the higher corporate tax rate or a withering of some intrinsic Americanness. Perhaps what’s wrong is something that affected both the US and UK, and the rest of the global economy.

How about this alternate theory: Recessions accompanied by systemic shocks to the banking and housing systems tend to be followed by miserably slow recoveries. At least that’s the view of economists Carmen Reinhart and Kenneth Rogoff. Their research suggests such anemic rebounds are characterized by "very sluggish U-shaped recovery" in incomes, Rogoff wrote last year, and persistently high unemployment. Sound familiar?

The deep financial shock of the Great Recession differentiates it from the nasty Reagan-era recession of 1981-'82, which was followed by a famously robust recovery. Looking at things that way, as the Goldman Sachs economics team recently noted, "the post-2008 U.S. recovery has not been unusually weak or prolonged relative to other financial crisis episodes, and in fact has been notably stronger when judged from a labor market perspective."

More than 15 million private sector jobs have been generated during the recovery. And over the past year the jobless rate has dropped to 4.9 percent from 5.1 percent, even as the labor force has grown by 2.4 million. Also encouraging has been the rise in total earnings — higher hourly wages combined with hours worked — by 3.5 percent during the past year years, economist Brian Wesbury of First Trust Advisors has noted. That’s pretty decent, especially with inflation so low.

America was not a poor country before the Great Recession, nor is it now. Its per capita GDP is 20 percent or more higher than other large rich nations such as France, Germany, Japan, and the UK. American households have a net worth of nearly $90 trillion, according to the Federal Reserve, a total that doesn’t even include intangible assets such as patents and copyrights ($15 trillion).

And while one can argue the merits of gradually reducing government debt as a share of the economy, there’s no indication investors think Uncle Sam is near his borrowing capacity — not with America a comparatively low-tax country and running the world’s reserve currency.
A conservative case against Trump’s apocalyptic view of America - Vox
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#3
The first article provides a host of statistics, but I guess these must be all fake. Wait for a couple of years and these statistics turn out magically as real, but only in case they improve further and Trump can take credit for them..

Quote:Under President Obama, median household incomes rose 15% and the benchmark Dow Jones Industrial Average almost doubled. I had thought we’d wait until Jan. 20 to draw the line under the “Obama economy.” But seeing as Trumpists are already claiming credit for good economic news since the election, such as the rise in the stock market, I guess we can do it now.

And the picture is pretty clear. That “terrible” Obama economy? That picture of U.S. economic and industrial decline? That image of malaise and an economy that is no longer “great” and “doesn’t win anymore” and “doesn’t make anything anymore”? It’s total nonsense. There’s no point in trying to have a rational argument — or even talking facts — to angry people who shout “libtard!” at their opponents and cite Infowars or Sean Hannity as sources.
Here’s the verdict on that ‘terrible’ Obama economy - MarketWatch

Quote:"Despite lots of uncertainty about upcoming Trump policies, the good news is that the incoming administration stands to inherit a stable and growing economy with the strongest overall job market in a generation," said Andrew Chamberlain, the chief economist at Glassdoor, in a note. Private-sector employment is on its longest streak of growth on record.
US Jobs Report preview, November 2016 - Business Insider
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#4
Most of the economic improvement is just spin..

Quote:But this transformation in perceptions is out of step with the underlying reality. The basic truth is that while the economy displayed steady growth over the past 12 months, the same was true of the 72 months or so that came before that. The big change hasn’t been in the economy but in people’s hearts — Republican Party loyalists, in particular, weren’t ready to admit the economy had recovered until they had a co-partisan in the White House. The partially partisan economy Two polls from Gallup tell the tale. The first, comparing annual averages, shows that Democrats and Republicans have reacted very differently to Trump’s ascent, with Republicans becoming more positive about the economy and Democrats less so.
[Image: Screen_Shot_2018_01_29_at_10.35.18_AM.png]

[Image: Screen_Shot_2018_01_29_at_10.38.15_AM.png]
The truth about the Trump economy, explained - Vox


Quote:In fact, by the standards Trump used to trash the Obama era in his speech to Congress, the Trump era has been another economic nightmare. “Ninety-four million Americans are out of the labor force!” he complained last year. That was true at the time, if you included students, retirees and the disabled, but today, 95.5 million Americans are out of the labor force. “Over 43 million Americans are on food stamps,” Trump said last year. This year, it’s still over 42 million. “Our trade deficit in goods last year was nearly $800 billion!” Trump marveled. Under Trump, the trade deficit is increasing.

Of course, the Trump economy is not a nightmare at all; it’s fine, just like the Obama economy was fine. All that’s changed is the spin. 
Crime was historically low last year when Trump was denouncing the “lawless chaos” that had overrun America, and it will still be low on Tuesday night if he declares victory over the chaos. America wasn’t a nightmare before Trump, but claiming it was helped get Trump elected, and now he’ll get to take credit for the non-nightmarish state of the union. 
Then again, Trump didn’t just promise to end Obama’s dystopia. He promised to transform it into a new utopia, so that “our children will grow up in a nation of miracles.”
Trump Plus One: Did He Keep His Promises? - POLITICO Magazine
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