US economy

In other words, the election was a referendum on Obama’s handling of the economy, in which 60 percent of those surveyed, think was a failure. These results also suggest that, had Obama made any attempt to address wage stagnation, shrinking incomes, student debt, or widespread economic insecurity, Hillary Clinton would probably be president today. As it happens, the victory went to the anti-establishment outsider who promised a fundamental change in direction, Donald Trump.

The risk of a new recession in the United States is more of a threat than ever, although the Western media insist on promoting the idea that the principal dangers are the deceleration of the Chinese economy and the possible abandonment of the United Kingdom from the European Union.

Total business sales in the US did in April what they’ve been doing since July 2014: they dropped: -2.9% from a year ago, to $1.28 trillion (not adjusted for seasonal differences and price changes), the Censuses Bureau reported on Tuesday. That’s where sales had been in April 2013!

By MIKE WHITNEY “In a new survey by the Pew Research Council, half of the registered voters surveyed (51%) said they think the future for...