T-rump's year one: The economic news he's not talking about

T-rump and his followers are boasting about his first year in Office where the stock market has hit new highs, and tax cuts are saving millions of dollars for the wealthiest among Americans (not so much for the other 98%). T-rump supporters are praising him for turning the economy around in his first year in office. Mmm-hmmm.

What they're not telling you is the fact that in 2017 - his first year in Office - FGRT (formerly Fung Global Retail & Technology) reports nearly 7,000 retail stores closed up shop putting thousands of workers in the unemployment line. That's a 200% increase over 2016, according to the company. Not only that, but 2017 saw a larger-than-average slew of retail bankruptcies as well. Toys R Us, Payless Shoes, hhgregg, Gymboree, and The Limited lead the pack with bankruptcies filed in 2017.

2018 looks no better, as recent announcements were made by retailers such as Charming Charlie, Perfumania, Crocs and GameStop that they will be shuttering most of their stores and putting thousands of workers on the unemployment line this year. Starbucks announced it will be closing all of its Teavana stores, most located in upscale suburban shopping centers in the coming months, as well. Gap, JCrew and H&M announced they are also looking at closing a bulk of their stores as leases come up in the next twelve months. Macy's, JCPenny, Sears, Sam's Club and Kmart ended 2017 with the announcement they will be closing stores in the coming months.

Yes, that's the economic news that T-rump isn't talking about these days. Guess it's not on his faux list of achievements for 2017?