Summary
Trump previously touted the stock market as proof of his success, but he’s now downplaying the stock market as markets tumble due his tariffs imposed on Canada, Mexico, and China.
The S&P 500 has lost all gains since Trump’s election.
Critics warn tariffs risk recession and manufacturing setbacks, but Trump insists on a temporary “period of transition,” claiming tariffs will eventually “make our country rich again.”
The White House insists Trump’s economic policies will succeed long-term, despite warnings from investors and economists of significant economic disruptions ahead.
Clinton repealed Reagan’s tax cuts and the budget for the first time in memory showed a surplus.
Perhaps Trump can learn from him, oh wait he is more interested in throwing money at the rich.
The Federal Debt was almost paid when George Bush Jr. took office. The first thing he did was mail out tax refunds because “reasons.”
Two wars at once wasn’t enough to get him to raise taxes.