Millions Suffer as Trump’s Economy Crumbles

October 30, 2025

The article argues that the Trump administration is deliberately engineering economic harm through policies that benefit wealthy elites while devastating working families. Mass layoffs affecting hundreds of thousands of workers across major companies like UPS, Amazon, and Intel are attributed to Trump's tariffs and unstable trade policies, while simultaneously over 42 million Americans are losing food assistance and 25 million are losing healthcare access due to government actions. Meanwhile, Trump's personal wealth has allegedly surged to $864 million in early 2025, primarily through cryptocurrency ventures involving foreign investors with questionable backgrounds.

Who is affected

48,000 UPS workers laid off
Up to 30,000 Amazon corporate employees terminated
Workers from Intel (24,000), Nestlé (16,000), Ford (11,000), Accenture (11,000), Novo Nordisk (9,000), Microsoft (7,000), PwC (5,600), Salesforce (4,000), and multiple other companies
More than 42 million Americans losing SNAP and WIC food assistance
25 million people losing healthcare access
Food banks across the country (affected by cancelled 94 million pounds of food aid)
Working families, communities nationwide
Georgetown University business professor Jason Schloetzer (quoted expert)

What action is being taken

Companies are conducting mass layoffs (more than 4,200 companies have announced layoffs since January)
Trump administration is canceling food assistance programs (SNAP and WIC)
The U.S. Department of Agriculture is withholding $6 billion in contingency funds
The Trump Organization is generating revenue through cryptocurrency ventures
Wall Street is celebrating job cuts (UPS shares surged 9%, Amazon stock climbed)
Food banks are running out of supplies
Hospitals are closing departments

Why it matters

This represents what the article characterizes as a fundamental restructuring of the American economy that prioritizes corporate profits and wealthy interests over working-class stability. The simultaneous occurrence of massive job losses, elimination of food and healthcare assistance for tens of millions, and reported personal enrichment of political leaders through foreign investment creates what ethics experts quoted in the article call "the most blatant conflict of interest in U.S. history." The situation demonstrates a "profit from pain" economy where corporate success depends on working-class suffering, fundamentally undermining economic security and public trust while food banks empty and families struggle to afford basic necessities.

What's next

No explicit next steps stated in the article

Read full article from source: Michigan Chronicle