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'Record-setting': DOGE layoffs fueling worst unemployment surge since first Trump admin
'Record-setting': DOGE layoffs fueling worst unemployment surge since first Trump admin - AlternetCritics of... Donald Trump, including liberal economists Paul Krugman and Robert Reich, are warning that between steep new tariffs, mass deportations and mass layoffs of federal government employees, the United States may be in for a painful economic downturn.
According to CNBC's Jeff Fox, the layoffs are fueling the biggest surges in unemployment since the COVID-19 pandemic of 2020.
Krugman fears that mass deportations, mass layoffs and steep new tariffs could be triple whammy for the U.S. economy — and that job losses from tariffs could compound job losses from the Trump/DOGE layoffs.
According to CNBC's Jeff Fox, the layoffs are fueling the biggest surges in unemployment since the COVID-19 pandemic of 2020.
Krugman fears that mass deportations, mass layoffs and steep new tariffs could be triple whammy for the U.S. economy — and that job losses from tariffs could compound job losses from the Trump/DOGE layoffs.
MEANWHILE:
Trump Tariffs Could Cost $30 Trillion Or About $300,000 Per Family, Says Former Treasury Secretary Larry Summers: 'Most Expensive And Masochistic' - Benzinga