By most measures, Donald Trump is inheriting a booming economy. Under President Joe Biden’s administration, we’ve enjoyed historically low unemployment and added nearly 1 million manufacturing jobs. Real wage growth has outpaced its rate under Trump. Gross domestic product growth is strong, and COVID-19-related inflation has fallen below 3%.
Yet corporations have fleeced many Americans, in the form of higher prices for housing, groceries and other necessities. In many ways, Trump rode people’s anger about this all the way back to the White House.
But Trump’s policies will leave Americans worse off.
Here are six ways the incoming administration has signaled it will harm ordinary American families:
1. Slashing Medicaid