Even Elon Musk says Trump's policies will collapse the economy in the short or long run like Tariffs and trying to deport 12 million workers here in the U.S. back to Mexico and South America. This will inevitably starve many many people because they won't be able to afford to buy food (especially poorer Republican Voters who voted for Trump (as well as voters of all parties who are below the 50% range of income for the U.S.
The people who will be affected the least likely are people who own stocks (as long as they can afford to stand by their stocks and not sell while the market drops way down under Trump sort of like when the Great Recession happened in 2009:
Here is more regarding this crash which sent stocks down to around 6500 then because we should all expect a similar thing to happen under Trump if you are someone who studies the market like I do:
IT might only be another Great Recession he will trigger instead of an all out Great Depression. We will have to see. However, other investors like Congress people are likely going to go against Trump to try to stop another Great Recession or Great Depression which he will naturally trigger given his policies at this point:
This is why I see Trump a lot like Herbert Hoover whose policies directly created the Great Depression in which millions of Americans starved to death during the 1930s. Trump is the same kind of Wrong thinking politician who doesn't really understand the use of Government at all (at least for the common people both Republican and Democrat and all other parties).
Begin quotes:
- Cause:The primary cause was the bursting of the housing bubble in the United States, which led to a wave of defaults on subprime mortgages, causing significant losses for financial institutions.
- Impact:The crash led to widespread economic hardship, including high unemployment, business closures, and a sharp decline in consumer spending.
- Market lows:The Dow Jones Industrial Average reached its lowest point on March 9, 2009, at around 6,500.
- Government response:The US government implemented various measures to stabilize the financial system, including bank bailouts and economic stimulus packages.
- Global financial crisis in 2009 - WikipediaThe two-month period from January 1-February 27 represented the worst start to a year in the history of the S&P 500 with a drop in...Wikipedia
- United States bear market of 2007–2009 - WikipediaWikipedia
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