- cross-posted to:
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- cross-posted to:
- [email protected]
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.
It bugs me when people cite the casino going bankrupt as an example of his idiocy, I’m sure it was an example of his malice.
I’m sure if you look Into that casino failing, he probably stole the funds. Why keep a business going making a few million a year and pay taxes on that, when you could take like 20 million right now, and not pay taxes on it.
It bugs me more because it wasn’t a casino, it was three casinos.
My working assumption is that they were a money laundering front.
It can be both things. He’s bad at business because his solution to running everything equates to some type of fraud rather than any talent or skillful thinking. It doesn’t take skill to commit fraud, you just have to be a piece of shit.