Trump to Americans: Economic Prosperity for Me, But Not for Thee

This week, President Donald Trump and Elon Musk’s economic agenda continued to wreak havoc on Americans’ pocketbooks, delivering higher costs and increased financial strain for everyday families. That’s because families are feeling the pain from Trump’s chaotic and industry-stunting tariff rollercoaster, with 73% of Americans experiencing financial stress because of Trump’s tariff agenda, as everything from cars to gas to food costs soar. At the same time, Trump’s tariff whiplash is leading to declines in American manufacturing, while consumer confidence has plummeted 40% since he took office.

While Americans on Main Street struggle to make ends meet, business seems to be booming for Trump and his Wall Street buddies. An Accountable.US analysis, first reported by Rolling Stone this week, revealed that the Trump Administration squashed the government’s crypto crime unit one business day after a Russia-tied foreign investor suspected of illegal market manipulation poured at least $25 million into one of the opaque Trump family crypto ventures.

It’s just the latest apparent self-enrichment scheme of using the federal government to line the pockets of Trump, his family, and his billionaire backers. It came as Trump ally Rep. Marjorie Taylor Greene’s recent financial disclosures revealed that she purchased shares in several companies involved in semiconductor and microchip manufacturing, as well as other tech companies, just days before Trump announced he would briefly pause tariffs, igniting a market rally. Greene’s suspicious market activity raised questions of whether she benefited from an inside scoop. Clearly, it pays to be in Donald Trump and Elon Musk’s inner circle.

Meanwhile, Americans are getting screwed out of the services and benefits they depend on. Trump sided with Big Pharma this week in meeting their demands to undercut legislation passed by Democrats to bring down the cost of prescription drugs for seniors on Medicare. Trump’s cave to the pharmaceutical industry ”has the potential to increase costs” on seniors’ prescription drugs and “delay(s) the existing timetable for some drugs to become eligible for Medicare price cuts.”

As housing becomes increasingly unaffordable under Trump, his Administration is also eyeing actions to worsen the crisis with deep cuts to federal housing programs, at a time when the cost of rent has risen by 26%. And the Administration continues to threaten Americans’ constitutional citizenship rights, recklessly targeting American citizens and defying court orders. Trump’s agenda is clear: lining his own pockets, while Americans pay the price with chaos, corruption, and higher costs.

Tracking Donald Trump’s corrupt and unqualified cabinet and nominees:

Trump’s DC top prosecutor hearing on hold, amid questions around ties to January 6 attack on our democracy: Donald Trump’s nominee to serve as Washington, DC’s top prosecutor, Ed Martin, is facing headwinds as his hearing is delayed in response to hundreds of questions from committee members. Martin helped organize the “Stop the Steal” rally, which led to the January 6, 2021, attack on our Democracy, and has defended insurrectionists. Accountable.US joined dozens of organizations in calling on Senators to reject Martin’s nomination.

ACCOUNTABLE.US IN THE NEWS:

Rolling Stone: Trump Family’s Crypto Venture Nets $25 Million Investment From Firm Suspected Of Fraud: “In addition to Trump and First Lady Melania launching his-and-hers meme coins, the Trump family leads the decentralized finance exchange World Liberty Financial, which has sold at least $550 million worth of its first digital token, $WLFI. The venture, in which the president’s sons Barron, Eric, and Donald Trump Jr. all have vague official titles, has raised corruption concerns because it offers an easy way to funnel money to the Trumps: DT Marks DEFI LLC, a company linked to the family, has the right to 75 percent of revenues from token sales. That means bad actors in the crypto space can essentially pay them off with the expectation of favors in return — all while the Trump administration continues to deregulate the crypto sector. […] “Something smells rotten about the Trump administration squashing its crypto crime unit one business day after a Russia-tied foreign investor suspected of illegal market manipulation poured millions into one of the opaque Trump family crypto ventures,” Accountable.US executive director Tony Carrk tells Rolling Stone. “President Trump has deliberately left the barn door open for potential corruption and self-enrichment by maintaining ties to his largely unregulated crypto interests, and even jumping into more since taking office. If the President’s business is going to continue openly taking foreign money this way, including from likely criminal elements, he must be transparent about what these foreign investors are asking for in return.”

Common Dreams: Ready to Punish the Poor in Their Districts, 7 Out of 10 GOP Lawmakers Set to Benefit From Trump Tax Scam: “According to Accountable.US, a progressive research and advocacy group, ‘270,000 households in many of the lowest-income Republican congressional districts could lose SNAP benefits while their representatives potentially save millions.’ […] ‘While millions prepare their returns, the Trump administration and their lackeys in Congress are eagerly seeking a way to rob their constituents of vital services and pay for tax giveaways to themselves, their billionaire donors, and mega corporations,’ Tony Carrk, the group’s executive director, said in a statement Tuesday.”

RECENT RELEASES FROM ACCOUNTABLE.US:

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