- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Summary
Trump’s economic policies, particularly his tariffs, are proving disastrous after being “sanewashed” by media during the campaign.
After making tariffs central to his campaign, he twice imposed them—only to backtrack amid market turmoil. Despite clear evidence that tariffs are taxes that raise prices, his allies continue pushing economic falsehoods.
Meanwhile, Trump’s pledge to balance the budget contradicts his record, as he added $2.1 trillion to the deficit, while Democratic presidents have historically reduced it.
His proposed $7 trillion tax cuts, paired with $4.5 trillion in spending cuts, would create massive deficits and harm working-class Americans.
When you understand that crashing the economy makes him and wealthy investors richer, it makes sense what he’s doing. The sane washing is because the people telling you it makes sense are owned by people who stand to make a lot of money. If people lose their homes, that building doesn’t just disappear. It gets bought by investors for cheap who then rent it out. Collapsing economies is how wealthy collect more assets and passive income. A great explanation here by Gary Stevenson: https://youtu.be/XCnImxVWbvc