Most U.S. presidents have faced economic challenges, including inflation, a high jobless rate, and a declining stock market.
Never before President Donald Trump has a U. S. leader knowingly and willfully tanked the economy, but that is what is now taking place, to the detriment of all of us.
The president was handed an economy that was the envy of the world, according to experts in the field. The unemployment rate was near historic lows, inflation had been tamed, and the stock market had reached record levels. Why would anyone tamper with success?
Trump’s massive tariffs are already wreaking havoc. Consumers and businesses are newly cautious and pessimistic, the stock market has tumbled, and the seeds have been planted for a significant boost in the cost of a mammoth number of goods. This can be expected to lead to layoffs and inflation.
President Trump acknowledges there will be “a little pain.” It’s easy to say for a billionaire who will be immune to it.
Just as he said he “couldn’t care less” about escalating prices for foreign-made vehicles, so, too, is it obvious that he couldn’t care less about the harm that is inflicted on the people, including countless numbers of his voters.
Let us hope that the man who would be king is compelled to reverse course before a worldwide depression is instigated.
Oren Spiegler, Peters Township, Pa.