Trump seems more interested in returning to the Wh
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Posted On: 04/07/2024 8:22:28 AM
Trump seems more interested in returning to the White House, staying out of jail and punishing his enemies than improving the lives of his fellow Americans.
On the economy: Trump doesn’t mention that as president he declared he would eliminate the national debt in eight years but added $7.8 trillion to it. Or that he failed to follow through on a ballyhooed $1 trillion infrastructure initiative “to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, and hospitals.” Or that his administration presided over a net loss of three million jobs, the worst four-year performance in more than 60 years.
Trump has predicted a severe recession, hoped that the crash “is going to be in the next 12 months” (on President Biden’s watch) and declared stock prices have increased dramatically because investors “think I’m going to be elected.” He said he would not reappoint Federal Reserve Chair Jerome Powell because he is probably going to lower interest rates to boost economic growth “and help the Democrats.”
Trump intends to impose 10 percent across-the-board tariff hikes and deport millions of illegal immigrants, despite warnings that doing so will reduce wages, increase unemployment and reignite inflation. An economist at the conservative American Enterprise Institute called these policies “completely insane.”
Although a record number of people now get health insurance through the Affordable Care Act, which almost 60 percent of Americans view favorably, Trump claims Obamacare is “a catastrophe,” promises yet again to repeal and replace it, and maintains he’s “seriously looking at alternatives.” According to a Republican with knowledge of Trump’s campaign, “There’s not a real ‘there’ there. No one’s working on this.”
On the economy: Trump doesn’t mention that as president he declared he would eliminate the national debt in eight years but added $7.8 trillion to it. Or that he failed to follow through on a ballyhooed $1 trillion infrastructure initiative “to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, and hospitals.” Or that his administration presided over a net loss of three million jobs, the worst four-year performance in more than 60 years.
Trump has predicted a severe recession, hoped that the crash “is going to be in the next 12 months” (on President Biden’s watch) and declared stock prices have increased dramatically because investors “think I’m going to be elected.” He said he would not reappoint Federal Reserve Chair Jerome Powell because he is probably going to lower interest rates to boost economic growth “and help the Democrats.”
Trump intends to impose 10 percent across-the-board tariff hikes and deport millions of illegal immigrants, despite warnings that doing so will reduce wages, increase unemployment and reignite inflation. An economist at the conservative American Enterprise Institute called these policies “completely insane.”
Although a record number of people now get health insurance through the Affordable Care Act, which almost 60 percent of Americans view favorably, Trump claims Obamacare is “a catastrophe,” promises yet again to repeal and replace it, and maintains he’s “seriously looking at alternatives.” According to a Republican with knowledge of Trump’s campaign, “There’s not a real ‘there’ there. No one’s working on this.”
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