General Motors publishes large laws and its. reinforcing Trump's business in an emergency


The voices that warn about the downturn in the US economy for 2019 or 2020 still have a " gather. Analysts from Bloomberg, Forbes and The Wall Street Journal we have warned, at least, that we see important killing. The sound warnings started at the end of the first season of the year, and for 30 September Bloomberg sentenci: "Two thirds of business economists in the United States are seeing a decline by the end of 2020."

On Monday, General Motors, the largest craftsman in the US, said he would have to cancel 15% of her staff and her. blocking plants in the United States and Canada. Trump's economic message is a brutal blow, and a clear indication that the giant giant has a negative analysis of the future of the economy. Today at the first news conference held in weeks from the White House, Larry Kudlow, chief economic adviser Trump, said the president was felt that GM turned "behind" after the Republicans agreed to last year's cuts. An historical flicker that has benefited the big boxes.

Among the signs of possible downturn the bend is back on the short-term debt bonds of the Fèidh, and those that are long-term. When there is a healthy economy, long-term debt will pay better than in a & # 39; short-term, that is, he is above the graph. The gap between the two may trigger the negative indication, although this is not an axiom, not only in recognition of problems.

LPO decided to Olugbenga Ajilore, Scotland's Senior Economist Center for America Progress, one of these thought tanks The largest volunteer soldiers in the USA Established in 2003 by John Podesta, a powerful member of the senior Democratic Party to Bill Clinton, president of Obama, and leader of the Hillary Clinton campaign in 2016.

How likely is there a decline in next year?

I do not know if it is in 2019, but in 2020 it is very good. There are many reasons. The countries that hit the economy are very hard, energy levels, among others.

Yesterday General Motors, the second largest build-in in the USA, made a catastrophic notice. Close some of your plants and cut 15% of your staff. Do you think GM was a? flow? Do you think it's another indication of what's going on? coming for the future economy? Responding to market changes?

The car market has changed dramatically crossovers, SUVs and big trucks. Maybe they have gone on, but they are also worried and they are going to do it. trying to expect the future of the economy, and if that means closing plants and factories, that is what they are doing. going to do.

How bad are the General Motors named?

I want to stress, now we're talking about General Motors, that GM is one of the corporations that have benefited from tax cuts. People talk about how they went back to buy shares [con el dinero del recorte], but no one expressed concern for their staff. We talk about 14 or 15 thousand people who are in a position; lacking work, and as we already know, when the collections gather their plants, the people in those cities are going to do so; suffer seriously to get back on their feet. Many people suffer and suffer; trying to get up, we need to focus on them and their & # 39; Determine what we can do for the people who lost their jobs. We can not forget.

Do you think the Federal Government should translate to help those people?

Indeed There are things they can do, transition programs to help people move to other jobs.

Do you think that the NAFTA 2.0 agreement will play an important role in the development of the economic situation?

It is difficult to say that it will be affected, as there are no major changes. It is called Flash 2.0, but in fact there are minor changes to the rock. In addition, it will not happen in time weak duck [periodo que va desde la eleccin del pasado 6 de noviembre a la entrada del Congreso en enero de 2019], and now the Democrats will take the Assembly. They try to give more changes [al acuerdo comercial], things like environmental protection, not just here, but also in Mexico. They try to break for stronger working laws. If he stays as he does, he will not have much influence because there are not many changes, but I certainly doubt that it can happen as it is.

What steps can Trump take to prevent or reduce the impact of declining?

At first they need to focus on the staff. Staff have received very little salary. The administration is not targeted or on lower income people. Even if they only focus on fiscal policy they can make many changes to the benefit of low income staff. Expand non-resources, for examples. A Republican has talked about the cost of rising tax increases, but we have not been seen to work on that. It's not just an example of what they can do.

What about salaries?

Salaries can play an important role. For example, if you see the lowest federal payment of $ 7.25 [dlares por hora], and have not been built since 2009. It's a huge boost to $ 15 dollars or $ 12 dollars, and you can discuss how much it stands, but it's still $ 7.25 … It's really awful low.

What number do you think is reasonable?

$ 10 dollars or more. If you think about matching it with inflation, it will be at that stage. They can take up to $ 15 dollars by 2024 gradually. The thing is that it is very low, and you can not trust that the states are being built. At the moment, half of the states have only wages of half-half countries. It is not fair for the staff.

You can not apply for a specific Trump administration policy and say "as a result of the decline", but many of their actions do not help to grow the economy. Assigning the largest fiscal cut for companies in 40 years is not it; help grow.

Do you think Trump administration is responsible for the decline of some experts?

It is hard to say. Many of the tax policies that do not make sense, if you do not; only focus on people with higher income. But it is difficult to have special administrative constraint. You can not sign up public policy and say "decline has declined", there are many things that are not present.

But many of the things that they have done do not help to grow the economy. I mean, to be & # 39; Putting the biggest tax cut we have seen in 40 years to the benefit of companies, it does not contribute to growth. And that's the only policy made by this administration. Public policies to help increase labor yield, salaries, consumers, we have not seen anything. Now, if there is a decline, it will be difficult to corrupt the administration, but they did not help anything with the public policies that were encouraged in the # 39; last half a year.

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