Letters from an American June 4, 2025
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Jun 5, 2025 The podcast dives into the economic fallout from tariffs introduced by the previous administration, revealing how they may have benefited the wealthy at the expense of American consumers. It highlights disturbing shifts in government policies that jeopardize essential services and healthcare, raising alarms about manipulated inflation data. The discussion also critiques recent healthcare and immigration policy changes, including contentious new travel bans and abortion guidance reversals, examining their ideological motivations and wider political consequences.
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Trade War Slows Global Growth
- Trump's tariffs are slowing global economic growth, especially in the US and major economies.
- The OECD projects US growth dropping significantly in 2025 and 2026 due to trade war impacts.
Economic Policies Favor Wealthy
- CBO estimates Trump's tariffs will raise inflation and reduce economic growth for consumers.
- Republican tax cuts massively increase deficits, benefiting the wealthy disproportionately.
Doubt Over Inflation Data
- Government inflation data accuracy is in doubt due to staffing cuts and less precise methods.
- Administration eliminated expert committees improving government statistics.