Donald Trump and Republicans in Congress keep
crowing about the economy, when in reality Trumponomics has been a disaster. Here are its 7 biggest failures. Number one: Trump promised to bring down America's
trade deficit "as fast as possible." Instead, the trade deficit has hit an all-time
high. The United States is now purchasing more goods
and services from the rest of the world than we sell abroad than at any time in history. Number two: As a presidential candidate in
2016, he said he could completely eliminate the federal debt in 8 years. Instead, the federal debt has exploded thanks
to Trump and the GOP’s $1.9 trillion tax cuts for the wealthy and corporations. They’re already using the growing debt to
threaten cuts to Social Security, Medicare, and Medicaid. Number three: He promised to boost the wages
of American workers, including a $4,000 pay raise for the average American family. Instead, wages for most Americans have been
flat, adjusted for inflation. Meanwhile, over the same period, corporate
profits have soared and the rich have become far richer, but the gains haven't trickled
down. Number four: His administration said that
corporations would invest their savings from tax cuts. Instead, corporations spent more money buying
back shares of their own stock in 2018 than they invested in new equipment or facilities. These stock buybacks provide no real benefit
for the economy, but boost executive bonuses and payouts for wealthy investors. Number five: He promised a tax cut for middle-class
families. Instead most Americans will end up paying
more by 2027. Number six: He promised to keep jobs in America
and crack down on companies that ship jobs overseas. Instead, his tax law has created financial
incentives for corporations to expand their operations abroad. Trump’s trade wars have also encouraged
companies like Harley Davidson to move production overseas. Number seven: He promised to “drain the
swamp” of Washington lobbyists. Instead, he’s put them in charge of health,
safety, and environmental protections--which has endangered most Americans while increasing
corporate profits even further. The real recipe for economic growth is to
invest in Americans--in their health, education, job training, and infrastructure. But Trumponomics has exploded the deficit,
hurt ordinary Americans, and lined the pockets of the wealthy and corporations. Don’t let Trump and Republicans claim otherwise. What do you think? What has been Trump’s biggest economic failure? Let us know in the comments. If you found this video informative, please
be sure to also watch our video on what “Made in America” means today. And, as always, please subscribe to our channel
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