Most of the population don't understand the economy or even give a shit. The see what's directly in front of their faces without considering their futures. Lower taxes? Yay! Tariffs on other countries! Fuck yeah! Pay for someone else's IVF treatment? Uhhh... Why not?
If Trump follows through with all the campaign promises, the US national debt is projected to go up $7 billion in the next 10 years. This is a lot of fucking money. Fitch's and Moody's already downgraded US debt in the past year. Borrowing more money will downgraded it even more, meaning higher interest rates needed to attract investors.
Anyone thinking interest and inflation rates are going down is fucking uninformed.
It'll be great for people who have money in the market, and don't have, or have debt at lower interest rates. It'll be a big fuck you to anyone who is trying to buy a car or house, expand their business in the near future. A lot of the people who voted Trump don't have money in the market because they don't know how to think ahead.
I'm teaching my 2 kids about tariffs, taxes and interest rates at home. We need to teach finance and economics in school!