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A few days ago, I a great conversation on Blue Amp Media’s Amped Up show with Cliff Schecter and David Shuster. We discussed the struggling jobs situation, and whether this was all part of Trump’s or if he and the rest of his team were in over their heads.

Our discussion reminded me of a talk I gave to a class of international business students at the University of North Carolina at Wilmington a few days after the tariffs were announced. To illustrate the situation Trump had caused, I borrowed this quote from former Treasury Secretary and Harvard professor Lawrence Summers:

“To borrow a word from the doctors, this is our first iatrogenic financial crisis. An iatrogenic illness is when you go into the hospital, and you catch an infection there. It’s when the people whose job it is to make things better are the active agents of making things worse.”

It doesn’t take a genius to know the difference between an economic “act of god” like the pandemic, and something that feels almost engineered. What we’re seeing since Trump took office isn’t bad luck or a plan that went wrong. It’s about power, greed, and political cynicism; and it’s all colliding in ways that could blow a hole straight through the economy—and what’s left of the middle class.

Unless we stop him.

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