Donald Trump Just Proved He’s an Economic Idiot. Again.
newrepublic.com
His MAGA sycophants knew all along that his central economic proposal was a sham, but they repeated his lies. And now the economy is cracking.

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.

  • notsoshaihulud@lemmy.world
    5·
    16 hours ago

    at least during his first presidency he had a well-oiled infrastructure to rationalize and capitalize on any bullshit that came out of his mouth. He doesn’t have those people around anymore.

    Also this is why I’ve given up on “conservative intellectuals”. They claim interesting things that could make sense in certain contexts (even if I disagree with those), but the moment trump says something, they abandon these values and bend over backwards to rationalize his stupid shit.