Trump’s tariffs haven’t just hurt American business.
They��re about to be a growing drain on public finances as the government pays back tariffs ruled illegal by the Supreme Court.
My @Morning_Joe Chart
Americans are still struggling to pay higher gas prices (up 31% since before the war).
Big oil, on the other hand, is raking in record profits—double or triple of what they made during the same period last year.
📸: @MSNOWNews@Morning_Joe
Trump claimed his tariffs would bring about a golden age of American manufacturing.
Yet since his re-election, we've lost 75,000 manufacturing jobs. Over the same period, Biden had created 625,000.
Since President Trump's re-election, the vast majority of job growth has been in health care and education.
Despite promises to re-shore industry through tariffs, over 100,000 manufacturing jobs have been lost.
Consumer confidence fell to 91.2 in June — the Conference Board's index has now sat below its 1985 benchmark of 100 for 16 straight months.
Americans were far more optimistic at the 2024 election (113) and when Trump took office (105). The mood keeps sliding.
The top 1% now hold as much wealth as the entire bottom 90% of Americans combined — about 32% each.
This is what runaway inequality looks like, according to the Fed's most recent data released this month.
The Trump admin has already authorized almost $20 billion for Iran—before a final deal is signed.
If a deal is reached, Iran could receive nearly $500 billion. All to end the war Trump started.
My @Morning_Joe Chart
Trump criticized Obama for “loading [a plane] with $1.7 billion in cash” for Iran – money the U.S. was legally obligated to pay.
Trump is proposing a nearly $500 billion windfall for the Iranian regime – to be fundraised by us and financed by our allies.
My @Morning_Joe Chart
The cost of the Iran War has been massive. Direct military costs will likely approach $100 billion.
But the total could be closer to $1 trillion when long-term costs from inflation impacts, debt interest payments, and veterans’ benefits are included.
My @Morning_Joe Chart
Some data from Three Square — a food bank that serves Southern Nevada — that was just presented during a legislative hearing:
In November:
- 100K households served, up 25% from September.
- 5 million pounds of food distributed, up 100% from September.
Trump’s allies now control X, Facebook, Instagram, WhatsApp, & TikTok.
They own Fox News, CBS, WaPo, WSJ & NY Post.
They own Sinclair Broadcasting which has 200 tv stations and local news in 100 markets.
“Freedom of speech” is now what Trump and his billionaire pals say it is.
Consumers in the top 10% of the income distribution accounted for 49.2% of total US spending in Q2, up from 48.5% in Q1, reaching the highest level in data going back to 1989: Moody’s Analytics Mark Zandi https://t.co/kFRyRTfYHe