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.