Posted at Hartmann Report on Jan. 16, 2026
What Happens When the Economy Fails Depends on Who You Are
For working families, recessions mean job loss and debt; for billionaires, they mean discounted assets and record wealth gains…
Get ready. Something truly awful may be happening to our economy — at least for average Americans — as the result of Trump's billions in tax breaks for billionaires, looting of our treasury and economy, $38 trillion national debt, and his corrupt embrace and promotion of foreign autocracies and digital currencies.
If it happens, it's going to hurt many of us, all while making Trump's billionaire buddies massively richer.
I remember the look on Treasury Secretary Hank Paulson's face when the economy crashed in 2008. The former Goldman Sachs CEO's hands trembled as he stood at a podium and confessed that the GOP's banking deregulation had blown up the American financial system and very nearly the global economy.