Story thread · 2 reports / 2 sources

'Promises not kept': Wall Street insider tears apart Trump's grim economy

alternet.org · 10h · first reportShare

When Donald Trump won the United States' presidential elections of 2016 and 2024, many Americans who voted for him cited the economy as a key factor in their decisions. But in a detailed op-ed for the New York Times, Wall Street insider Steve Rattner — a top U.S. Treasury Department official under former President Barack Obama — lays out 11 ways in which the U.S. economy has been going from bad to worse during Trump's second presidency. "'Promises made, promises kept,' Rattner writes in his Times op-ed. "Other presidents have employed variations of that phrase, although few with the gusto of President Trump; he even proclaims it on the White House website. When it comes to the economy, though, 'promises not kept' would be a more apt description of the first 19 months of Trump 2.0. And many of the promises he has kept are causing as much damage as critics predicted. All in all, while Mr. Trump continues to boast about the 'greatest economy we've ever had, by far,' the record to date fal