Elon Musk agrees: Trump's economic plans will lead to 'hardship' and cause markets to 'tumble' [View all]

Source: independent

The former president’s wealthy allies are promoting the idea of economic collapse and high prices as a necessary side effect of Trump’s economic agenda, The world’s wealthiest man appears to believe that a Donald Trump presidency must crash the economy in order to benefit Americans.

Elon Musk agreed on Tuesday that proposed drastic cuts to the federal government, coupled with Trump’s sweeping deportations, will likely cause global markets to “tumble.”

Read more: https://www.independent.co.uk/news/world/americas/us-politics/elon-musk-economy-trump-hardship-b2637850.html?utm_source=reddit.com

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Trump inherited a booming economy — and handed Biden a nation 'in shambles' https://www.nbcnews.com/business/economy/trump-inherited-booming-economy-handed-biden-nation-shambles-n1255033


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Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. The national debt rose by almost $7.8 trillion during Trump’s time in office
TRUMP HAD THE THIRD-BIGGEST PRIMARY DEFICIT GROWTH, 5.2% OF GDP, BEHIND ONLY GEORGE W. BUSH (11.7%) AND ABRAHAM LINCOLN (9.4%).--All Republicans

https://www.propublica.org/article/national-debt-trump