According to Trump’s Management and Budget Office, Trump’s domestic and foreign policies will add $1 trillion to the national debt in 2019. The national debt is $22 trillion. The Management and Budget Offices claims the national debt will hit $25 trillion by 2022.
Mr. Trump’s tax cut contributed to that debt and will continue to add debt for the next five years. Mr. Trump’s tariffs knocked the wind out of the U.S. economy, but most Trump voters don’t realize the U.S. economy is heading for one of those drinking toilets in his detention centers.
It takes time to feel the impact of the trade war with China. Consumers will see price increases, and supply issues by the fourth quarter of 2019, according to government economists. Second-quarter growth dropped from the first quarter, but those numbers don’t reach average Trump voters. They don’t understand the backdoor consequences of Trump’s domestic and foreign policy decisions, according to the New York Times.
China is quietly selling U.S. Treasury notes, but China still holds a big chunk of U.S. debt. Plus, Chinese citizens stopped buying American products, and U.S. imports to China dropped by 31 percent. Huawei, the tech company Trump claims steals U.S. tech secrets, told Trump he’s dumping $3.1 billion in Italy’s economy in order to build the country’s 5G network.
Europe and Japan signed a new trade deal that is tariff-free, and the Germans and the Chinese just developed a financial instrument that will allow Iran to sell oil and other goods to their long-established trading partners without U.S. interference, according to the Washington Post.
Mr. Trump opened the door for China to take first place honors in how to bet him at his own game. China devalued its currency to the lowest exchange ever to offset some of the tariff pain. China will win the trade war and the tech war, according to the New York Times.
But all those issues don’t matter to Trump voters. They just hear Trump spew the words “great economy” and “incredibly low unemployment.” But even the unemployment figures are not accurate.
Trump doesn’t count the people who stopped looking for a job. There are tens of thousands of people who are unemployed but not recognized in the government figures. But that doesn’t scare Trump voters either. And they still say he’s not a racist. He’s just a screwed-up guy who tells it like it is even if it isn’t the way it is.