Donald Trump: Middle Class Wealth Rip

Posted by admin on Friday, January 20, 2017

Donald Trump Money Quote saying that the financial crisis of 2008 and collapse of sub-prime mortgage market sent that money overseas, when that mortgage meltdown actually evaporated wealth from economies world-wide. Donald Trump said:
 
The wealth of our middle class has been ripped from their homes and then redistributed all across the world Quote
 

“The wealth of our middle class has been ripped from their homes and then redistributed all across the world” — Donald Trump

 

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In this quote, Donald Trump portrays the wealth of the American middle class as having been unjustly “ripped from their homes” and redistributed globally. Some key points in interpreting his perspective:

  • He implies middle class prosperity has been undermined by policies benefiting other nations and groups rather than domestic workers.
  • Trump seems to argue this redistribution has occurred through mechanisms like trade deals, outsourcing and open borders.
  • However, economists debate the actual causes of rising inequality as multifaceted with no consensus on single factors.
  • A balanced view is that globalization has both costs and benefits, and reasonable experts disagree on optimal policy approaches.

Overall, while Trump aims to characterize the situation in a way that resonates with his political base, an even-handed interpretation would acknowledge both his viewpoint and the complexity of analyzing long-term economic and demographic trends, as there are good-faith perspectives on both sides of such issues.

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