Donald Trump Economic Policy

Donald Trump’s Devastating Effects On The Economy

Ronald 5 Comments

President Donald Trump’s economic policies have had a devastating effect in a multitude of ways, as outlined in a NY Times article.

The economy is growing at under a 2 percent rate.

The deficit for the present fiscal year is going up by more than $2 Trillion, and the total national debt level is reaching $40 Trillion.

Tariffs are causing great disarray, and much of the amount collected has been ordered returned to corporations, but meanwhile alienating America’s allies and friends.

Manufacturing employment is declining, despite claims otherwise by the Trump Administration.

Inflation is eating away at the average wages of tens of millions of workers.

Gasoline prices are still above $4 a gallon.

Housing costs are rising, making it impossible for millions of younger Americans to consider purchasing a home, and the interest rates are high.

Health care costs are causing massive harm to tens of millions of Americans, as many who had been on “ObamaCare” no longer can afford it, and Medicaid cuts of massive amounts are on the horizon in 2027.

Donald Trump ran his campaign in 2024 promising a better economy, but the exact opposite has occurred.

Trump Tariffs Leading America Toward Recession And Inflation: Stagflation!

Ronald 7 Comments

Today, April 2, is the day that Donald Trump will reveal the extent of his Tariff “Wars” against the world, including not only China, Mexico, and Canada, but also our NATO allies and nations we are allied with in Asia, as well.

An economic disaster is ahead, as economists have warned against such lunatic action as putting tariffs on all kinds of economic activities.

History tells us what happened when Herbert Hoover imposed tariffs in 1930, despite admonitions by hundreds of economists, signing the Smoot-Hawley Tariff, which helped to make for the horrors of the Great Depression of the 1930s.

Economists now predict that America will witness a severe recession, as more Americans lose their jobs, not only federal workers who are being fired enmasse, but also ordinary Americans who will suffer from lower economic activity, causing bankrupties of businesses and massive layoffs in many industries, as sales decline rapidly.

But also, it is predicted there will be high inflation, with the excessive increase in costs of all kinds of goods as other nations raise tariffs in reaction to our raising of tariffs.

So we are likely to have the worst possible combination of high unemployment and inflation, which is what is called “stagflation”.

This is what Donald Trump is bringing us, when he promised lower prices on “Day One”, and the stock market just had its worst quarter since the height of the COVID 19 Pandemic in 2022!

With his Rose Garden speech just concluded, Trump is causing a major decline in the stock market, which will be fully revealed on Friday!