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August 11, 2016

Huffington Post: Trump’s Economic Plan Would be Nightmare for Main Street

Donald Trump has finally outlined what he calls his economic plan for the country. In addition to the incorrect facts, shoddy statistics, baseless arguments, exaggerations and misrepresentations (as detailed by so many in the media), Trump also failed to mention one of the biggest catastrophes to hit the country in almost 100 years: the 2008 financial crash, which is going to cost the United States more than $20 trillion or more than $170,000 for every living woman, man and child in the country.

Nothing since The Great Depression of the 1930s has destroyed more jobs and growth than the economic devastation caused by Wall Street’s too-big-to-fail financial firms crashing the financial system in 2008, which caused the worst economy since The Great Depression.  For example, by October 2009, just 13 months after the collapse of Lehman Brothers (and just 9 months after President George W. Bush left office), more than 27 million Americans were out of work or forced to work part time because they couldn’t find full time work.  Because many of those Americans were heads of households, that unemployment wreckage alone hit almost 50 million Americans. 

To read the full article click here.

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