On Trump’s first day in office, he immediately signed two executive orders which made life harder for Americans in the middle class.
First, he cancelled a rate cut for middle-class home owners with mortgages. The rate cut would have saved millions of home owners hundreds of dollars a year on their payments.
Second, he signed another executive order which signaled his desire to destroy the Affordable Care Act, cutting vitally-needed health insurance for as many as 18 million Americans over the next few years, following Republican moves in Congress to do the same. This move, equated to tossing a bomb into the already fragile health insurance markets, would devastate millions of families, and essentially lead to the deaths of an unknown but sizable number of middle-class Americans—and the financial ruin of countless others.
Because, as he put it in his inaugural address, “For too long, a small group in our nation’s Capital has reaped the rewards of government while the people have borne the cost.”
So as his first acts, he screwed over millions of middle-class and poor Americans so that Republicans could score some political victories, above all else denying President Obama his legacy of helping Americans.
feature image by Brad
Speaking of economics, I’ve started reading Ryan Avent’s The Wealth of Humans at work; I’m about halfway through and it’s OK; kinda superficial, but what I consider honest/low-BS survey of where we are now and how we got here.