DAY 280: Tourism is losing billions because of Donald Trump

According to Forbes, the tourism industry in the United States is lonsing billions of dollars because of Donald Trump.

This is because of what Forbes calles the "Trump Slump", which is a decrease in tourists to the United States that began roughly a week after Trump took office.

Guess what triggered the "Trump Slump"? According to Forbes:

Trump made it more difficult for highly skilled foreigners to get work visa, and tourism sunk

Two news stories that should show just how damaging Donald Trump is for the US economy. First, he made it more difficult for highly skilled foreigners to get work visas. According to Reuters:

The Trump administration is making it more difficult for skilled foreigners to work in the United States, challenging visa applications more often than at nearly any point in the Obama era, according to data reviewed by Reuters.

The more intense scrutiny of the applications for H-1B visas comes after President Donald Trump called for changes to the visa program so that it benefits the highest-paid workers, though he has not enacted any such reforms.

Data provided by U.S. Citizenship and Immigration Services shows that between Jan. 1 and Aug. 31, the agency issued 85,000 challenges, or “requests for evidence” (RFEs), to H-1B visa petitions - a 45 percent increase over the same period last year. The total number of H-1B petitions rose by less than 3 percent in the same period.

Which means tech companies can't get the highly skilled labor they need to grow the American economy.

DAY 242: FED expects US economy to deteriorate with Trump in office

The American economy is expected to deteriorate with donald Trump in office, with higher inflation, more people unemployed and lower GDP growth according to numbers published by The Wall Street Journal.

Janet Yellen says short-term rate moves are the Fed's 'go-to tool' https://t.co/KjsPE89o38 pic.twitter.com/qiC24GtzQ3

— Wall Street Journal (@WSJ) September 20, 2017

Interest rates are also expected to go up, which would mean high home prices, and higher credit card payments.

DAY 226: Trump wants your pension plan to pay for a tax cut for the rich

According to Politico, Donald Trump's finance team, which is basically people from Goldman Sachs, came up with the idea of taxing the middle class's 401(k) pension plans in order to pay for a tax cut for the rich. From the Politico article:

One idea quietly being discussed would be taxing the money that workers place into their 401(k) savings plans up front: an idea that would raise billions of dollars in the short-term and is pulled from the Camp plan. This policy idea is widely disliked by budget hawks, who consider it a gimmick; the financial services industry that handles retirement savings; and nonprofits that try to encourage Americans to save.

DAY 214: Trump sinks the Dollar because of Phoenix speech

As a result of his threats to shut down the government in order to build his border wall during his speech at a rally in Phoenix, Arizona, Donald Trump ended up sinking the value of the dollar when measured against gold and the Yen.

According to CNBC, the price of gold and the Yen jumped following his speech.

VIDEO: MSNBC hosts completely debunk lie of Trump being responsible for economy improving

Live, on air, and in front of one of Donald Trump's economic advisor, two hosts from MSNBC completely debunked the lie that Trump is responsible for improving the American economy since he took office. And when the advisor tried to claim Trump created 1 million jobs, the MSNBC hosts pointed out there were more jobs created by Obama in the first 6 months of his first administration than in the first 6 months of Trump's.

CNN debunks Trump's claims on the economy

Several times Donald Trump has claimed on Twitter that the economy is great because of him. Well, CNN debunked that claim today showing the conomy is actually weaker with Trump than with Barack Obama:

DAY 165: Investor who spotted Enron's fall says Trump's infrastructure plan is "fake fiscal news"

The short seller investor who spotted the demise of Enron said Donald Trump's infrastructure plan is "fake fiscal news" that will not work.

In an interview, investor Jim Chanos said the reason why Trump's plan won't work is because Trump wants public-private partnerships for infrastructure projects, but that will only work for some small projects, not for the major projects the United States needs.

DAY 134: TRUMP LOSES: Jobs created in May miss expectations

According to data released by the Labor Department, 138,000 jobs were created in the US in May of 2017. And according to the Financial Times, the figure missed the Wall Street expectations of 182,000 jobs.

Additionally, the jobs figure for April of 2017 was revised to a significantly lower figure. The original figure was 211,000 jobs, but the revised figure ended up being 174,000 jobs.

Trump wants to cut the budget for anti-poverty efforts; Will affect his own voters negatively

The budget for 2018 Donald Trump is proposing includes deep cuts to anti-poverty programs such as food stamps and disability payments, to Medicaid and even for student loans.

According to The New York Times, the title of the budget proposal is “A New Foundation for American Greatness.”

Trump tries to change the subject away from Comey 3 times... and fails

Donald Trump tried three times today to change the subject and distract people away from the James Comey firing scandal.

First, he tried to change the subject to his tax returns, saying in an interview with The Economist that he might release them AFTER he leaves office.

In the same intereview, Trump claims he invented the term "Prime the Pump", which ins in reality an economics term used since the 19th century. Which is unexplainable if we consider Trump has a degree in economics. Is that fake too?

Those two items made some noise, but not enough to distrect from Comey.

Warren Buffet says Trump hasn't had much effect on the economy

You know how Donald Trump has been claiming that he created half a million jobs and that economy is better because he was elected? Well, Warrent Buffet said today Trump hasn't had much effect on the economy.

In an interview ith CNBC Buffet said "I don't think he's had that much of an effect on the economy yet." He added: "I do not make investment or business decisions based on who is president or who I think is going to be president."

Trade deficit with Mexico grew to record levels with Trump

The Department of Commerce revealed today that the trade deficit with Mexico increased from February to March, 2017, the first two full months with donald Trump in the presidency. From the Commerce Department press release on the subject:

The trade deficit with Mexico and Japan was found to be growing at an alarming rate following the release of March 2017 U.S. International Trade in Goods and Services monthly data by the Department of Commerce.

The trade deficit increased by $363 million with Mexico and by $1.6 billion with Japan from February to March of this year.

Two things:

Trump's tax plan would save HIM tens of millions of dollars

While Donald Trump's tax plan would be terrible for independent workers and freelancers, as it eliminates many itemized deductions freelancers rely on, his tax plan would actually save Trump tens of millions of dollars in taxes.

According to The New York Times:

DAY 99: The US economy had its worst quarter in 3 years with Donald Trump

Early today the Commerce Department released data on showing the American economy grew a measly 0.7% in the first quarter of 2017 (January, February and March), misssing economists' forecasts that the economy would grow 1% in the first quarter.

Barack Obama's last full quarter in office (October, November and December) saw a growth 2.5%, and the quarter before that (July, August, September) saw a growth of over 3%.

But with Trump, who was in office over a third of the first quarter, the economy took a nosedive.

Ironically, despite Trump's attacks against imports, imports actually increased.

And that's not all.

DAY 97: Trump claims his tax cut plan is the biggest in history, but it isn't

Today the Trump administration officially unveiled its tax reform proposal, claiming it would be the biggest tax cut in history.

But that's a double lie because, to start, it isn't a tax reform, but a tax cut, since it has no provisions to close loopholes nor to recover money to pay for the tax cuts it does contain, mainly for the richest Americans and corporations. And second of all, it isn't the biggest tax cut in history either. According to The New York Times, the biggest tax cuts in the history of the United Sates happened during the administration of Warren G. Harding, Calvin Coolidge, John F. Kennedy and Ronald Reagan.

Trump lied about the jobs he "created" in office, backtracked, and even that was off

CNN published an article showing how Donald Trump and Sean Spicer have been lying about the amount of jobs supposedly created by Trump in his first 100 days in office.

First, on April 11, Trump said he had created 600,000 jobs.

Then on April 25, Sean Spicer claimed that Trump had "created" 500,000 jobs, 100,000 less than what Trump claimed.

But CNN did the math and exposed Trump and Spicer for lying about the amount of jobs created.

Trump admits he lied about China, and then makes the US Dollar drop in value

Trump managed today to admit he lied about China and to decrease the value of the US Dollar in a single interview with The Wall Street Journal.

First he said China is not a currency manipulator, thus admitting he lied during the 2016 campaign when said the opposite. Why? Because he claims saying they are currency manipultors could jeorpardize talks about North Korea, which is false as there is no official position by China on North Korea.

But the worst part was this; Trump literally said:

DAY 82: Trump lies about Toyota investing in Kentucky because of him

This is something Donald Trump has lied about in the past, but today Trump said it out loud, with cameras present, claiming that without him "winning" the presidency Toyota would not had innouced a $1.3 billion dollar investment on a production plant in Kentucky. CNBC's Steve Kopack caught Trump's lie and pointed out in Twitter Toyota has been investing billions of dollars in the US every 5 years:

Trump says recent Toyota investment wouldn't happen "unless we won"

Toyota has made this investment every 5 years. https://t.co/gpXuLGo1Ga pic.twitter.com/AuxfTAsRre

— Steve Kopack (@SteveKopack) April 11, 2017

But there's more.

Employment didn't meet expectations; Jobs that grew were mostly beacuse of Obamacare

This morning the Department of Labor released its numbers for jobs created in March of 2017. 98,000 jobs were created, a number well below the numbers economists expected.

And unemployement went down a measely 0.2%. But guess what? One of the reasons why unemployement went down and jobs were created was Obamacare.