Posted at Hartmann Report on Jan. 29, 2026
When Future Historians Write About the Fall of American Economic Power, Will Trump Be the Turning Point?
Under Trump, tax giveaways to the wealthy and soaring debt replaced economic stability and sacrificing the nation's future for short-term political gain…
America's economic system has never been fair or perfect, but for more than a century it rested on basic guardrails that kept instability in check and allowed us to fight for progress and win. Those guardrails are now being stripped away by policies that favor wealth and power over accountability and long-term stability.
For over a hundred years, the United States has been the cornerstone of international economic stability. The independence of our central bank (the "Fed") has been a part of it, as has the strength of the dollar, which comes about in large part because the rest of the world relies on our currency as the default for international trade.
And now Trump and the GOP are threatening it all.