Trump’s Longtime Knack For Economic Suicide Well Intact

Healthcare

“Donald Trump’s unilateral decision to end cost-sharing reduction payments triggered a massive and unnecessary increase in premiums. Now, Trump’s own Administration is admitting the damage that he caused. Once again, President Trump has slipped on a banana peel he threw on the floor himself. But Trump’s CSR sabotage was only the first strike in a deluge of Administration actions to damage and destabilize the health markets and drive up costs, and addressing the CSR issue alone is not sufficient to mitigate the harm ensuring Trump Administration sabotage actions are now set to drive up premiums by double digits again next year. That’s why any stabilization package worth its weight must match the scope of the damage inflicted by Trump and his Administration.”

Trade

His pointless trade wars are going to badly hurt American business and consumers, driving manufactures like Harley Davidson overseas, consumer prices to the rafters and famers into bankruptcy.

National Budget

After Trump railed against the 18 trillion dollar federal deficit during the campaign, he and the GOP are now on a borrowing rampage, starting with a trillion dollars in the current budget. This means that in order to hand out gigantic tax breaks to their fat cat pals there will be no money, not far down the road, for Social Security and Medicare. And so somehow Trump again skates by on thin ice while causing other innocents to drown.