"I feel like I’ve been tricked by the devil..."

Jobs and Economy
Today’s Daily 202 from the Washington Post details a number of ways that President Trump’s policies are doing more harm than good for American workers and leaving the U.S. economy worse off. From forcing small businesses to shut down to raising gas prices and sending jobs overseas, the President is letting down Americans across the country. Take a look:
 
“President Trump sometimes seems impervious to the second and third order consequences of his decisions.”

“Several recent developments have highlighted the unintended -- though often foreseeable -- consequences the president’s policies are having on his own supporters.”

“…In the deeply interconnected global economy, the devil is always in the details and the implementation of some policies may do more to hurt than help the people who put their faith in him to fix their problems.”

Small business owners who voted for Trump might be forced to shut down because the president is making it harder for them to hire guest workers...Eddie Devine voted for [Trump] because he thought he would be good for American business. Now, he says, the Trump administration’s restrictions on seasonal foreign labor may put him out of business. ‘I feel like I’ve been tricked by the devil,’ said Devine, owner of … Devine Creations Landscaping. ‘I feel so stupid.’”

“He isn’t alone. Cuts in H-2B visas are hurting small businesses across the country that can’t find Americans willing to do hard, manual labor: Maryland crab processors, Texas shrimp fishermen, and Kentucky landscapers and construction companies.”

“But what makes him most angry is that Trump’s properties in Florida and New York have used 144 H-2B workers since 2016. ‘I want to know why it’s OK for him to get his workers, but supporters like me don’t get theirs,’ Devine said.”

General Motors is cutting its second shift at the Lordstown Assembly plant outside of Youngtown, Ohio, next month…The plant already downsized last year, moving from three shifts to two, partly because consumers are buying more crossovers, SUVs and trucks at the expense of smaller vehicles.”

Ironically, gas prices might go up because Trump pulled out of the Iranian nuclear agreement last week. (Iran is the world’s fifth-biggest oil producer.)”

The president’s decision to pull out of the Iran deal, and re-impose sanctions, will cost Boeing contracts worth as much as $20 billion to replenish Iran’s aging fleet of commercial planes…Those jobs will now go to other countries – specifically Russia. ‘Russian aircraft makers, who can skirt the U.S. sanctions, are already working on deals,’ the Puget Sound Business Journal reports.”

"The trade war with China is increasing uncertainty for farmers and may still lead to punishing retaliatory tariffs. China buys 60 percent of all U.S. soybean exports, and growers of the crop could be pressed hard if the administration cannot cut a deal with Beijing. Soybean-producing counties went for Trump by a margin of more than 12 percent in 2016. Dave Walton, who voted for Trump and tends soybeans, corn and livestock in eastern Iowa, is not sure his farm could take the added stress. 'If this turns into a longer-term thing, we’re going to see friends and neighbors go out of business..If this stretches into years, we ourselves won’t be able to sustain it.'"