Millions Suffer as Trump’s Economy Crumbles

November 6, 2025

The article argues that the Trump administration, along with Russell Vought and Stephen Miller, is deliberately implementing policies that harm working Americans while enriching the wealthy and politically connected. Mass layoffs exceeding 170,000 workers across major corporations like UPS, Amazon, and Intel are attributed to Trump's tariffs and unpredictable trade policies, while government shutdowns have cut food assistance and healthcare for over 67 million Americans. Simultaneously, Trump's personal income has surged to $864 million through cryptocurrency ventures involving foreign investors, some allegedly under fraud or money laundering investigations.

Who is affected

Over 170,000 laid-off workers from companies including UPS (48,000), Amazon (30,000), Intel (24,000), Nestlé (16,000), Ford, Accenture, and others
42 million Americans losing SNAP and WIC food assistance
25 million people losing healthcare access
Food banks and their clients nationwide facing shortages
Families struggling with rent and prescription costs
Workers across public and private sectors facing job market uncertainty
American taxpayers funding Trump's expenditures

What action is being taken

Companies are conducting mass layoffs and freezing hiring
The Trump administration is withholding $6 billion in USDA contingency funds
Trump has eliminated federal crypto enforcement teams and withdrawn regulatory warnings
Food banks are running out of supplies
Hospitals are closing departments
The Trump Organization is generating revenue through cryptocurrency ventures (World Liberty Financial tokens and TRUMP meme coins)

Why it matters

This represents a fundamental restructuring of the American economy that prioritizes corporate profits and wealthy interests over working-class stability. The simultaneous occurrence of mass job losses, elimination of social safety nets, and explosive growth in Trump's personal wealth through largely unregulated cryptocurrency dealings with foreign investors demonstrates severe conflicts of interest. The erosion of federal oversight, combined with policies that reward corporations for layoffs while denying food and healthcare to millions, threatens long-term economic stability and public trust in government institutions.

What's next

No explicit next steps stated in the article

Read full article from source: The San Diego Voice & Viewpoint