David Pakman

What we're seeing is the opposite, the complete and total opposite of that.

You look at tariffs.

We're going to punish foreign countries and it's going to be great for Americans.

These are import taxes.

They're paid by American businesses or consumers.

This means that prices go up.

on everything, especially on goods that working class people rely on the most.

This includes cars and basic supplies, household items, all that stuff.

Not everybody is hit equally by that.

The rural areas are hit the hardest.

Red states are hit the hardest.

Working class people that are the core of Trump's base get hit the hardest.

You consider the Iran war escalation, sent oil prices up and gas prices went up.

And when this happens, it affects everything.

Transportation costs go up.

Food prices go up.

Things get more expensive across the economy.

Markets go down.

If you've got a 401k, it's losing value.

And so people's retirement accounts all of a sudden start to point to you might have to work longer than you were planning to.