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Dear John,
It’s amazing that some people still think we can trust Donald Trump with the economy. If Trump wins in November, he'll make inflation explode. That’s what 16 Nobel-winning economists are telling us.
For our conversations with anyone who is still, after all this time, on the fence or unsure whether they’ll vote at all, we need to be armed with the facts: Just how would Trumponomics be such a full-scale disaster?
Watch our video this week to see FIVE WAYS Trump would blow up the U.S. economy. Then hit the Share button and send it to any of your undecided friends!
How would Trump wreck the economy? Let us count the ways…
Well, first there are the tariffs. Trump seems genuinely confused about what tariffs are and who pays them. He doesn’t understand they are paid by the American importer, then passed along to American consumers. Trump’s tariffs would cost most families an estimated $2,500 per year.
Then there’s the fact that Trump loves monopolies, and monopolies drive up inflation. Project 2025 wants to fast-track airline mergers, and Trump has offered to fast-track oil mergers if the oil companies give his campaign $1 billion. That’s sure to pump up your gas prices!
Don’t forget the rising costs of killing fuel efficiency standards, and Trump’s intent to devalue the dollar in the international market, further increasing the cost of imports.
And then there’s the mass deportations. Not only would they be a humanitarian catastrophe, they would also deal a devastating blow to the economy. Undocumented workers do some of the hardest, most essential jobs. There are over one million undocumented farm workers, over one million undocumented laborers, and about a million undocumented food service workers. What if they were all suddenly deported or went into hiding? Prices would explode.
So… Five ways to wreck the economy, according to 16 Nobel economists who say Trump’s economic plans would be an inflation bomb --
Boom.
Robert Reich
Inequality Media Civic Action
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