Political Quotes

“Donald Trump's trade war has many casualties. Families will be hit with the largest tax hike in over half a century--$5,000 extra a year. Prices will go up for food and for medicine, for clothing and for furniture, for gasoline for cars, for travel, you name it. The economy is in danger of a recession--60 percent odds. Yesterday, a leading person on Wall Street said the majority of CEOs he has spoken to believe the recession is already happening. A recession means small businesses will shutter, Main Streets will ossify, and all the progress we have made since COVID will disappear. But one of the biggest casualties of Donald Trump's trade wars are American seniors and Americans planning retirement in the near future. If you were planning to retire this year or thinking about retiring soon, Donald Trump's tariffs are like a brick over the head. This year, 4 million Americans will turn 65--that is a record. Another 80 million Americans are between 45 and 60 and thus approaching retirement and keeping their eyes on the future. And right now, Americans are watching helplessly as Donald Trump lights their retirement accounts and their dreams of a secure future on fire. To put it in perspective, for Americans nearing retirement, Donald Trump's market crash has vaporized a whopping $104,000 from the average retirement account. That is when you factor in the 17-percent drop in the Standard and Poor's 500 since the middle of February. Let me say that again.…”