Who is Donald Trump's election good for in terms of the economy?
In his first term he lowered taxes for the rich which made him and other rich people richer while the debt grew by 7 trillion dollars due to lower tax revenue,
He put up tariffs on imports which increased costs for consumers,
He wanted to ban TikTok for outcompeting American companies like FaceBook and Twitter,
He wants to ban electric cars from China because they are expected to outcompete American manufacturers due to quality and being more affordable.
Donald Trump invests in property so he might want the prices of homes and rent to increase
Donald Trump is clearly for the rich. 78% of Americans are living paycheck to paycheck according to Payroll.org
Most can't afford to buy a house and rent is high,
Donald Trump's "One Big Beautiful Bill Act" has now passed the senate.
This is a step closer for it becoming law.
The Bill makes permanent Donald Trump's tax cuts from 2017 and reduces the number of people who receive Medicare. Economists believe that it will add 4.5T$ to the US debt.
The bill now needs to go to the House of Representatives where it is expected to be approved. After that President Donald Trump can sign it into law.
Ethiopian has completed building its hydroelectric dam. The dam is generate electricity for about 60% of the population who are not connected to electricity
https://www.youtube.com/watch?v=CWZ96-F5pcw
The US debt has now surpassed 37.5 Trillion dollars.
Just in June it reached 37 Trillion.
At this pace it will reach 38 Trillion dollars before the end of the year
About 486,000 American people live full time in a Recreational Vehicle (RV) which appears to be more than twice as many as in 2021, according to survey data from the RV Industry Association.
Economic analysts are suggesting Donald Trump's tariffs are having the effect of decreasing goods being imported into the USA and other countries are buying the goods that would be going into the USA without the tariffs.
On 5-Jan-2026, Minessota Governor Tim Walz announced he would not seek re-election for a third term. The reason given was to focus on the investigations on massive welfare fraud cases and protect Minnesotans.