On April 1, the White House released a presidential message for National Financial Literacy Month 2025. While touting the benefits of Financial Literacy – which indeed is a worthwhile endeavor, the President unashamedly stated, “Upon taking office, I took immediate action to end the cost-of-living crisis…delivering long overdue relief to hardworking American families.” Really? Given […]
Manufacturing lobby group source of the global 10% tariff policy that will leave lower-income households further behind
On April 2, the White House released a ‘Fact Sheet’ to complement Trump’s so-called Liberation Day speech. The document entitled: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security, outlines various ‘facts’ about how the President’s tariff policy came to be. Buried […]
The US Trade Deficit is what is keeping lower-income Americans from falling further behind
“Trump is bringing jobs back to the US with Tariffs,” said James Benson Jr., a retired Michigan autoworker, whom Trump paraded out to the media on April 2 to support his so-called ‘Liberation Day’ announcement. As the token working-class supporter, used for a visual image in a press conference, Mr. Benson is unfortunately misinformed in […]
Trump tariff announcement echoes 1930s US trade policy
The most bizarre part of U.S. president Donald Trump’s April 2 ‘Liberation Day’ speech was when he claimed that the Great Depression, which endured from 1929 until the beginning of the Second World War, would not have happened if the American government had retained tariffs on imported goods, and not introduced an income tax. What? […]