Trump's Economic Ineptitude Sparks Concern Ahead of Midterms

US President Donald Trump's recent convention speech has raised eyebrows among economists and politicians. The New York Times reported that foreign investors and allies are growing concerned about the US economy due to Trump's unpredictable tariff policies and lies about Iran.

The Republican convention in Dallas aimed to spin the party's midterm losses into a 'Great American Comeback,' but it only highlighted Trump's economic ineptitude. The Federal Reserve responded by announcing a rate hike, largely driven by Trump's fiscal missteps.

Trump attacked the Fed, demanding a rate cut, and threatened to punish Europe with more tariffs. This move was seen as another example of his lack of understanding about trade, tariffs, and interest rates.

During the convention speech, Trump made false claims about his accomplishments, including high fuel and energy costs, an intractable war of choice, and serial divorce papers served on us by our allies. He also promised to pay every American adult $5,000 if Republicans win the midterms, claiming it would be 'very much like a successful company will do a cash distribution to its shareholders.'

This promise was widely panned as an election-year sweetener and potentially an illegal bribe. Trump's understanding of federal legislation remains unclear, and he has repeatedly promised checks that never materialize.