Tuesday, April 15, 2025

Begining of the End of Democracy in America

       Donald Trump began his second term on January 20, 2025.  Since that date the US Stock Market has lost 11.1 Trillion Dollars. Much of this came from the retirement accounts of the American middle class and is related to his escalating trade war with the rest of the world. Trump has imposed extraordinary tariffs our most significant Global Trading Partners, our NAFTA partners, Canada and Mexico have been hit with 25% tariffs on all of the goods and services they provide to our country as well as autos and auto parts. China is another large trading partner and is subject to a 34% on all goods shipped to the United States which provides most of our technology products such as computers, mobile phones, printers, radios, and televisions as well as everyday products such as tennis shoes, clothing, building hardware and an array of other products. China responded with 34% tariff on all USA imports which will hurt our farmers and many other economic sectors. Our other trading partners are being subject to a 30% to 50% tariff and there will be a minimum tariff of 10% on everyone else.

      The impact of these tariffs will be a burden (Tax) on backs of the middle class because they will have to pay more for all imported goods. This will exacerbate inflation and will restrict the disposable income of middle class Americans. This is a complete betrayal of the campaign promises he made to the American people and will put considerably more pressure on an already struggling middle class.

      At the same time, he is pushing the Senate and House to pass a $5 trillion dollar tax cut for the wealthiest Americans. A television anchor referred to this at "Bat-shit crazy".

      We have an administration that is filled with unqualified, and incompetent, senior leaders who's only qualification was "blind loyalty" to the man in the white house. Wake up America, or kiss your democracy good bye forever.


By: Ed Knab 

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