A super-moral businessman-statesman

Under Biden, the US economy was pretty good, but this started to drastically change with Trump. With his focus on social issues like canceling Diversity-Equity-Inclusion (DEI), going after antisemitism for no good reason, harassing trans and other non-conforming ‘sexes’, our born-businessman has wandered and let the economy down. 

Just consider this: Trump’s election has not been good economic news, so far, in spite of the suggestions that the man is a “seasoned deal-maker”. His on, off, and on again tariffs, are creating deep and lasting incertitude in the business community, leading the United States dollar to have its worst first six months of the year since 1973, as Donald Trump's economic policies have prompted global investors to sell their greenback holdings, threatening the currency's “safe-haven” status. 

The wealth loss sustained by the US and the result of that uncertainty, as between November 1, 2024 (just before the election) to date, the US dollar has plunged 7.5% against the Euro. Causing its current $29.18 trillion GDP to lose $2.19 trillion in world value! This policy of widespread tariffs will continue to be a net negative for the US economy, leading to higher costs for consumers (inflation), reduced overall consumption, and a dampening of business and investor confidence due to increased uncertainty in trade policy. 

Next, a promised deportation of millions of undocumented individuals will be an economic shock characterized by a significant reduction in labor supply, lost consumer demand, decreased tax revenues, and widespread price increases, ultimately leading to a contraction in GDP and a lower standard of living for many Americans. 
Economic models on similar scales of deportation often project billions or even trillions of dollars, that haven’t yet been accounted for, in lost GDP over time. 

Finally, the significant reversal of climate change policy by the Trump and his fellow MAGA Republicans will likely have cascading negative effects, from increasing domestic environmental and health challenges to severely complicating and potentially derailing the global effort to combat climate change, leading to more severe and widespread climate impacts worldwide and more financial cost to humanity!