Trump Turns His Back on the Markets. It Could Break MAGA. [View all]
President Donald Trump and his team are sending a message: Hang in there through the economic turmoil, and better days will come.
A little sacrifice for the greater good may not be such a bad thing. Trump and his advisers have sketched out an economic vision that could help provide better economic security for the U.S. middle class and lessen the weight of government on the economy. Isn’t that worth a little stock market turmoil, especially when stock indexes remain near all-time highs?
Yes, but only if we get the gain to go with the pain. Trump’s erratic rollout of his tariff policy and his team’s haphazard approach to slashing government have prompted a market selloff and could lead to a recession. That could blow up the bigger political project before it really gets under way. And failure to complete the economic mission could leave Americans worse off.
Trump’s supporters have aligned around a loose set of goals. They include cutting the federal debt to free up capital for more-productive uses; modernizing and shrinking the federal government so that the private sector, rather than public spending, drives growth; and realigning trade relationships to revive U.S. manufacturing and re-empower workers.
https://www.msn.com/en-us/money/markets/trump-turns-his-back-on-the-markets-it-could-break-maga/ar-AA1AScvg
Trump and his billionaire buddies get the gain, we get the pain.
= new reply since forum marked as read