Saturday, October 19, 2024

The True Dangers of Trump's Economic Plans

His Radical Agenda Would Wreak Havoc on American Businesses, Workers, and Consumers

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"This sense of confidence, however, is rooted in a failure to understand the true danger of Trump's current economic plans.

No U.S. president has ever abandoned his repeatedly proclaimed economic priorities on day one of his administration.

Trump and his running mate, JD Vance, have proposed a set of radical, large-scale interventions into the American economy, including tariffs on all imports, at ten to 15 times the level of those Trump imposed in his first term, which were primarily levied on only Chinese goods;

the deportation or internment of somewhere between one million and eight million immigrants, including some who are currently in the United States legally;

and a power grab that would involve using executive authority to sequester funds appropriated by Congress and to interfere in the Federal Reserve's independence in setting interest rates.

These are an order of magnitude worse than what he pursued in his first term."

'

He's not aging well, and neither is his economic malfunction.

#1 | Posted by Corky at 2024-10-18 11:03 AM

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