And I'm sure that the Chinese are pleased. Not only did Trump win in the longer run so did the PRC. US aid cuts are a soft power surrender to China | Lowy Institute What cutting USAID could cost the U.S. — and how China, Russia may benefit Six months later, US soft power feels effects of USAID cuts U.S. Foreign Aid Cuts Leave Space for Chinese Influence in the South China Sea - McCain Institute
The only thing keeping the bottom 20% poorer is the ridiculously high interest rates. When that gets fixed the whole world will get fixed and the Democrats and that political lawyer hack named Jerome Powell knows this FACT.
The Nihilist Dems don't care about this... It's too bad, because President Trump is a good man... no matter how many character flaws he has. Lol.
The funny thing is the Trump supporters think by lowering interest rates the economy is going to boom without causing inflation
High prices for food, transportation have a much more prominent role in disposable income for the bottom 20%. Rent is a huge issue and is actually the largest expense.
How exactly are high interest rates keeping poor people poor? Do poor people need to borrow a lot of money for some reason? I can think of a lot of reasons that poor people are poor, but high interest rates is not one of them, unless they are spending on credit cards that they can't pay off, or have student loans (even though most poor people do not go to college). Many poor people rent apartments, and do not have a mortgage. They may have a car loan, but that loan should not be what keeps them poor. Reasons I can think of include: * - Minimum wage not being raised in 18 years, while regular inflation has increased prices by 80% or more during that time. * - High tariffs create a special category of inflation, raising prices on top of regular inflation. * - Immigration policies of current administration are pushing out workers who provide affordable food and shelter (home construction & repair) for Americans, driving costs up. Even if they are renters, if the landlord replaces the roof, he will pass on that cost on to the renters.
