Saturday, April 20, 2024
38.0°F

TRUMP: You trust him?

| September 16, 2018 1:00 AM

I frequently hear from people in the workforce who are happy with how Trump has handled the economy. My guess is those individuals do not truly understand all aspects of the economy. (Not that I am any expert.)

For example, 1 percent of the population controls 52 percent of the wealth. Wages have not increased and personal, household debt is the greatest in history. The average family cannot manage an unexpected expense of $400.

Result is, increased personal debt, credit cards, manageable due to the low interest rates. Health care issues are the cause of the majority of bankruptcy filings. The Labor Department recently reported that in 2018, inflation has risen at a faster clip than anytime since 2012. A positive sign for a growing economy, but devastating for workers whose tepid wage gains have failed to keep pace with the rising prices. i.e. Increased credit card debt and ultimately a rise in bankruptcies.

Family farms are rapidly disappearing. Tariffs are causing manufacturing to leave the country. We have high employment but at wages well below actual middle class living standards. The 2018 number of homeless veterans is the highest it has ever been.

As a business person, I would NEVER consider making an investment with someone whose track record is foreclosure, bankruptcy, failed businesses, stiff your workers and employees, and watch your associates plead guilty to fraud. I suspect most people would also avoid that investment. They’ve just been bamboozled with fantasy and bravado.

SHIRLEY THAGARD

Hayden