MSNBC’s Chris Hayes on Wednesday drew attention to the striking similarities between the warnings surrounding President-elect Donald Trump’s economic policies for his return to the White House and those offered ahead of the disastrous budget that led to the downfall of Liz Truss, the United Kingdom’s shortest-serving Prime Minister, in 2022.
Conservative Party politician Truss ― whose time leading the U.K. was famously outlasted by a tabloid newspaper’s lettuce ― was forced to quit after her tax cuts and unfunded spending budget sparked financial chaos that sent the value of the pound plunging.
Trump’s vow, meanwhile, to hike tariffs, slash trillions of dollars in public spending and deport millions of undocumented immigrants has been similarly dubbed a “disastrous recipe” for inflation and slowed economic growth by 23 Nobel Prize-winning economists, among others.
“Just like the Tories and Truss in London two years ago, Donald Trump has told us what he plans to do, just like then the critics have said, ‘This looks like it’s going to be devastating if you do it,’” said Hayes, acknowledging the differences between the U.S. and U.K. political systems.
Democracy In The Balance
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“And now I guess we just wait to see if we’re about to enter the ‘finding out’ stage of the story,” he concluded.
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