Summary

Americans, frustrated with high prices despite a strong economy, voted for change with Donald Trump’s election. Trump promises to reverse Biden-era policies, vowing steep tariffs, tax cuts, and mass deportations.

Economists warn his plans could worsen inflation, increase the federal deficit, and destabilize growth. The Peterson Institute predicts Trump’s tariffs could drive up costs for American consumers, while deportations could shrink GDP by $5.1 trillion.

His proposed tax cuts could add $4.1 trillion to the deficit, while economists question his willingness to address fiscal imbalances through spending cuts.

  • @dugmeup
    link
    331 month ago

    No they won’t miss Biden . They will keep blaming the immigrants and vote Trump.

    The beatings will continue until the promises of Trump are achieved… They will cheer for the beatings and say the only reason it isn’t working because there aren’t more beatings m

    • @CharlesDarwin
      link
      English
      41 month ago

      Very true. It’s been this way since forever. It’s a lot like big-C Communism: conservatism can never fail, only people can fail conservatism by not doing it HARD enough or properly enough, etc…same cult-like belief. It doesn’t matter how miserable conservative policies make everyone (but the very upper 1% of 1%), we aren’t doing enough of it.

      • @dugmeup
        link
        21 month ago

        Yup look at Pol Pot and Cambodia. Or the Spanish Inquisition.