Despite campaigning on lowering grocery, housing, and healthcare costs, President-elect Trump acknowledges the difficulty of this goal, a sentiment reflected in public opinion. A new poll reveals that only a small percentage of Americans are very confident in his ability to achieve these price reductions. While faith in his job creation capabilities is somewhat higher, overall confidence in his economic handling remains relatively low, even among Republicans. However, Republican support for Trump remains strong, with many expecting a successful second term, while Democratic negativity, although persistent, is somewhat less intense than previously.
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Economic forecasts are dimming due to President Trump’s protectionist trade policies, specifically his threats of widespread tariffs on imports. These threats, coupled with already high interest rates, are expected to hinder capital investment and slow GDP growth. While some groups predict modest manufacturing growth, others, like Vanguard, foresee a significant decrease in GDP, potentially falling to as low as 2 percent depending on the extent of Trump’s trade actions. Trump’s claims of economic success appear contradicted by these independent analyses.
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President-elect Trump’s incoming administration, boasting at least 14 billionaires, starkly contrasts with his populist rhetoric. This group’s collective net worth surpasses that of the Biden administration by a factor of roughly 2000, raising questions about their alignment with the “forgotten men and women” who supported him. Despite claims of targeting wasteful government spending, potential cuts to programs like the VA and Head Start are concerning. Furthermore, Trump’s inability to guarantee that tariffs won’t increase consumer prices further undermines his promises of economic relief for the middle class.
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Reelected President Trump’s economic policies threaten to reverse recent gains made by American workers. His proposed mass deportation of undocumented immigrants and imposition of high tariffs would negatively impact the economy, increasing prices and causing labor shortages. Simultaneously, his anti-union stance, including the appointment of anti-labor officials and support for firing striking workers, jeopardizes recent improvements in wages and union membership. These actions, coupled with his broader agenda outlined in Project 2025, risk significantly lowering the standard of living for American workers. The potential economic consequences of his second term are dire.
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America’s economy risks a massive Trump-induced slump, a significant concern stemming from the potential consequences of his proposed policies. The combination of his proposed policies, particularly the widespread implementation of tariffs, could trigger a domino effect with devastating economic consequences.
The sheer scale of the proposed tariffs is deeply troubling. The lack of understanding regarding the fundamental mechanics of tariffs, paired with the potential for ill-considered, rushed implementation, poses an immense risk to economic stability. This haphazard approach contrasts sharply with the need for careful economic planning, particularly within a globalized economy.
His business background, often cited as a qualification for economic leadership, is ironically overshadowed by a history of business failures, including multiple casino bankruptcies.… Continue reading
John Q. Hosedrinker 
Matt Underwood