Monday 10th of November 2025
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war is the new economy....

The US government shutdown is inflicting “far worse” economic damage than had been estimated and could cut fourth quarter GDP growth in half, White House economic adviser Kevin Hassett has warned.

The 38-day shutdown, the longest in US history, is hitting travel, hotel and construction sectors particularly hard, he told Fox Business in an interview on Friday.

”The impact on the economy is far worse than we expected because it’s gone on for so long,” he said.

The repercussions of the shutdown could slice 1% to 1.5% from US GDP growth in the October-December period, Hassett said, citing recent estimates from Goldman Sachs.

“We were going to have at least 3% growth in the fourth quarter… now we’re expecting something like half that,” he added.

“Travel and leisure is a place that’s really being heavily hit right now,” Hassett noted, warning that if the shutdown continues to affect air travel employees’ wages for “another week or two,” the sector could face “a near-term downturn.”

US airlines have canceled around 700 flights at 40 major airports around the country on Friday, following cuts recently announced by the Federal Aviation Administration (FAA), multiple outlets have reported.

Amid air traffic controller staff shortages caused by the shutdown, the FAA ordered a 4% reduction in flights on Friday. The cuts are set to gradually rise to 10% by the same time next week if the shutdown continues, according to the FAA’s emergency order.

https://www.rt.com/news/627485-shutdown-economic-growth-hassett/

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT — SINCE 2005.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.

 

SEE ALSO: 

https://www.youtube.com/watch?v=TfDqfAmWH6U

 

https://www.youtube.com/watch?v=6Va6yOTK1zU

 

SEE ALSO: https://www.youtube.com/watch?v=ApZBYN8xgq8

America on a WAR TIME FOOTING / Lt Col Daniel Davis

 

 

SEE ALSO: https://www.youtube.com/watch?v=Mz2fJoGfIxk 

 

 

 

a number two....

 

President Donald Trump has promised that every qualifying American will receive a $2,000 dividend funded by revenue from his tariff policy, the legality of which is currently under review by the US Supreme Court.

The president imposed sweeping levies on imports from US trade partners in several waves over the past year, claiming they were intended to address unfair trade imbalances. Critics argue that the duties have driven up prices for US consumers.

“People that are against Tariffs are FOOLS!” Trump wrote on Truth Social on Sunday, insisting the policy is contributing “trillions of dollars” to the US budget and would help reduce the nation’s $37 trillion national debt.

“A dividend of at least $2,000 a person (not including high-income people!) will be paid to everyone,” he added.

US Treasury Secretary Scott Bessent told ABC News shortly after the post that the tariff dividend could come “in lots of forms,” including tax breaks.

The legality of Trump’s tariff policy is being challenged in a Supreme Court case brought by several states and a number of small businesses.

During a press briefing with journalists at the Oval Office on Wednesday, the president was asked about one judge’s comment that tariffs are essentially taxes paid by US citizens.

“I don’t agree,” Trump replied. "I think that they might be paying something... But when you take the overall impact, Americans are gaining tremendously.”

A Supreme Court ruling against the tariff policy would be “devastating for our country,” the president said. “I also think that we’ll have to develop a ‘game two’ plan.”

https://www.rt.com/news/627547-trump-tariff-dividend-americans/

 

READ FROM TOP.

 

YOURDEMOCRACY.NET RECORDS HISTORY AS IT SHOULD BE — NOT AS THE WESTERN MEDIA WRONGLY REPORTS IT — SINCE 2005.

 

         Gus Leonisky

         POLITICAL CARTOONIST SINCE 1951.