{"id":194333,"date":"2025-08-05T09:58:08","date_gmt":"2025-08-05T16:58:08","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=194333"},"modified":"2025-08-05T09:58:08","modified_gmt":"2025-08-05T16:58:08","slug":"governor-newsom-says-trump-has-betrayed-us-with-failed-economic-policies","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=194333","title":{"rendered":"Governor Newsom Says Trump has Betrayed us With Failed Economic Policies"},"content":{"rendered":"\n\n\n
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Sacramento, CA…Gavin Newsom says the Trump administration\u2019s ongoing incompetence and failures continue to be on full display, with a disappointing jobs report showing the worst performance since the COVID-19 pandemic and an August 1 tariff deadline that passed without formal deals from all of our top trading partners.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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\u201cWhile President Trump spends his time gaslighting and golfing, his economic chaos is becoming unbearable for everyday Americans trying to make ends meet. He is ripping apart everything we\u2019ve built. Trump has betrayed all of us \u2014 failing to deliver on his \u2018golden\u2019 economic agenda. Instead of the age of progress, we are all bracing for the impacts of his utter failure.\u201d<\/h4>\n

Governor\u00a0Gavin Newsom<\/strong><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Trump\u2019s SAD job market\u00a0<\/strong><\/h2>\n

Here\u2019s what Trump has delivered:<\/p>\n

\"😞\"\u00a0<\/strong>Layoffs at the highest levels\u00a0<\/strong>since the COVID-19 pandemic.<\/p>\n

\"😞\"\u00a0A quarter-million fewer jobs<\/strong>\u00a0added in May and June than initially reported.<\/p>\n

\"😞\"Gaslighting Americans:\u00a0<\/strong>Instead of fixing the problem \u2014 Trump is calling to fire the official who reported these accurate numbers.<\/p>\n

The art of no deals\u00a0<\/strong><\/h2>\n
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The Trump administration insisted today\u2019s Aug. 1 deadline would be firm, but has continued to shift timelines and expectations \u2013\u00a0promised deals with top trading partners like Mexico and India remain unfinished.\u00a0<\/strong><\/p>\n

And what about those countries like Japan for which \u201cdeals\u201d have been announced? Trump has boasted that they will result in unprecedented levels of foreign investment into the U.S., but\u00a0only one of the six agreements negotiated so far has even been signed.\u00a0<\/strong>These verbal agreements are vague, at best.<\/p>\n

The ongoing uncertainty will result in more economic pain. Major consumer brands like\u00a0Procter & Gamble<\/a>,\u00a0Mondel\u0113z<\/a>,\u00a0Ford<\/a>\u00a0and\u00a0Hershey<\/a>\u00a0are warning in recent earnings calls that the\u00a0tariffs will drive up costs on everyday products from popular snacks to common household items to cars.<\/strong><\/p>\n

Small businesses have also been operating with uncertainty for months, with less ability to weather the storm, adjust supply chains or lobby the federal government for targeted relief. Lost sales and higher input costs, along with greater red tape while importing, means\u00a0businesses are pulling back on future investments, hiring, building and construction.\u00a0<\/strong>What\u2019s more, they will now have a harder time selling their products and services globally.<\/div>\n

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Feeling the pain from Trump\u2019s failed tariffs policies\u00a0<\/strong><\/h2>\n
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President Trump\u2019s tariffs policy is harming everyday Americans, who will pay the price of his chaotic trade posture with our allies and partners.<\/p>\n

In the first six months of Trump\u2019s presidency, the US economy slowed as a result of his\u00a0policies<\/a>. American families continue to feel the pain from the impacts of his failed negotiations and increased prices. In the meantime, Trump gave massive tax cuts to his billionaire friends, while ripping health care and food assistance away from Americans, and putting costs on the backs of American families.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Even Fox Business set the record straight on Fox News\u00a0saying<\/a>: “<\/strong>Let\u2019s be real clear here. Tariffs cost, they\u2019re a tax. That tax often gets passed on to consumers.”<\/em><\/p>\n

Here\u2019s the impact that Trump\u2019s failed policies will have on California families and businesses:<\/p>\n