Trump’s Economic Agenda Is Good For Trump — But It’d Wreck The Economy

Donald Trump’s economic agenda is great for him. Top income-earning households would get the “largest cuts” under Trump’s tax plan — “an average tax cut worth over $1.3 million, nearly 19 percent of after-tax income” for the top 0.1%, according to the Tax Policy Center.
That’s a great deal for Trump and his billionaire friends and donors, because they get a disproportionate boost while the lowest income-earners are left with “an average tax cut of $128.”

Here’s the catch: Trump’s tax plan “would make the national debt skyrocket by $10 trillion or more.”

Moody’s Analytics reports that Trump’s tax reform proposal and trade policies could very well bring about a “lengthy recession,” and notes that Trump’s “Who the hell cares if there’s a trade war?” bravado is naive, because such a trade war would render “the U.S. economy…isolated and diminished.”

Trump only cares about enriching himself and will act to give himself a […]

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Make America Work Again? Trump Vineyard Imports Foreign Labor

Donald Trump has Trump Winery GM Kerry Woolard on stage tonight as part of his “Make America Work Again” programming.

But rather than highlight Trump as a job creator for American workers, all Woolard draws attention to is Trump’s eagerness to hire foreign workers:

Trump Vineyard hired 58 foreign workers as seasonal farm employees from 2014-2016 — including 19 workers set to begin work in late March 2016.

Trump talks a big game about brining jobs back to America — but all he’s done at Trump Vineyard is bring foreign labor in.

Background:

Trump Vineyard Relied On Foreign Worker Visas
March 2016: Trump Vineyard Applied For 19 h-2A Visas For Temporary Foreign Workers

Trump Vineyards Applied For Up 19 H-2A Visas To Hire Temporary Foreign Workers In 2016. According to ABC News, “But it’s not just Trump’s Mar-a-Lago Club that relies on foreign labor. So, too, does Trump Vineyard in Virginia, which is run by Trump’s son Eric. U.S. Department […]

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Financial Turmoil: Bad For Us, Good For Trump

In 2006, Donald Trump hoped for a housing market crash: “I sort of hope that happens because then people like me would go in and buy.” Trump’s wish came true, and millions of Americans lost their homes and jobs — presumably as he padded his pockets. Trump doubled down on those statements reiterating on the trail that, “That’s the kind of thinking we need,” and, “If it goes down, it goes down.

In a similar line of reasoning, Trump callously asserted last week that “If the pound goes down, more people are coming to Turnberry, frankly.

As global markets continue their steep decline this week, Donald Trump is only concerned with his bottom line and congratulating himself for making the “correct call” on Brexit. There’s no separation between Trump’s campaign and his business interests. “, millions are watching their retirement accounts take a hit. […]

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Trump First: Trump’s Economic Policies Would Help Him, But Tank The U.S. Economy

Who the hell cares is there’s a trade war?” That’s Donald Trump’s nuanced take on ensuring the U.S. economy’s stability.

It’s no shock that Trump doesn’t understand the dangerous implications of a trade war. But the truth is, it would leave “the U.S. economy…isolated and diminished,” according to Moody’s Analytics. And, in conjunction with the rest of Trump’s agenda, could lead to a “lengthy recession.”

A key component of Trump’s larger economic platform is his tax plan that would disproportionately boost top income earners — including the the top 0.1% — over working, middle-class families.

So, despite his claims, Trump’s policy proposals don’t put “American First”; Trump is his own number one priority.

Donald Trump’s dangerous economic ideas would jettison the U.S. economy and balloon our national debt to upwards of $11.5 trillion, all while Trump and his billionaire friends reap the benefits of his massive tax cuts on the wealthy.

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Trump’s Policies Would Increase U.S. Debt By $11.5 Trillion

Donald Trump’s policies wouldn’t just “reduce employment by 3.5 million jobs,” they would also cause the national debt to “greatly increase.” A new study shows that under Trump’s tax plan “the U.S. debt would grow to 127% of the entire economy, up from 75% today,” adding to America’s debt by $11.5 trillion.

Markets are still reeling from last week’s Brexit vote, and if Donald Trump has his way it would only get worse.

Read the full report here.

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Trump’s Scotland Trip Brings More Problems As He Celebrates Economic Downturn

This morning, Donald Trump re-upped his long standing business strategy of profiting off of other people’s suffering, saying that “if the pound goes down, more people are coming to Turnberry.” Trump’s trip to Scotland was meant to be a distraction from his abysmal fundraising numbers and help beef up his nonexistent foreign policy resume, and while he’s making press for his trek — none of it is positive. Trump’s incendiary rhetoric isn’t helping his campaign at home or abroad.

Read the latest on Trump’s disastrous Scotland visit:

Huffington Post: Angry Scots Troll Donald Trump Over Brexit Gaffe

Washington Post: Trump celebrates ‘Brexit’ vote: ‘When the pound goes down, more people are coming to Turnberry.’

Business Insider: TRUMP: The collapse of the pound means more people will come to my golf course

Mic: Donald Trump’s Brexit Reaction Missed a Big — Yuge, Even — Detail About Scotland

Washington Times: Donald Trump’s Scotland […]

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WATCH: Trump says stock market crash is good for his business

Throughout his career, Donald Trump has looked to profit at the expense of others — whether it’s scamming people with Trump University, profiting off the housing crisis, or stiffing contractors. Now Trump is bragging that the global stock market free fall is good because it’s good for his business:

“If the pound goes down, more people are coming to Turnberry.”

WATCH:

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Ron Johnson Backs Trump’s Job-Killing Economic Plan

Ron Johnson, presumably tired of questions about Donald Trump, emphasized that he is focusing on areas of agreement with the presumptive nominee. In an interview on CNN’s “State of the Union”, Johnson twice mentioned a focus the economy and “better opportunities for the American public,” as areas he was in agreement with Trump.

There’s just one problem: According to a reported by Moody’s Analytics, Trump’s economic proposals would lead to a loss of 3.5 million American jobs and would cause the U.S. economy to be “more isolated and diminished”.

Johnson should consider re-calibrating his rhetoric. Keep it simple: “I’m going to concentrate on areas of agreement like wrecking our economy.”

Read more here.

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Trump Hoped For Home Foreclosures And Economic Pain, That’s “What America Needs”

In response to criticism of his 2006 statements hoping for a housing crash, Trump claimed in a statement to NBC News that, “This is the kind of thinking our country needs.” Trump doubled down on those statements tonight in Albuquerque, NM reiterating that, “That’s the kind of thinking we need,” and, “If it goes down, it goes down.

Trump’s callous disregard for the millions of Americans affected by the housing crisis reveals a man more concerned about his bottom line than the good of the country. While millions lost their homes and retirement savings, Donald spun a profit. Trumps’s reckless, self-serving approach represents the worst of our society, not the best; and it definitely doesn’t belong in the White House.

Read more after the jump.