One truth that the wealthy want to keep hidden: The rich do not create jobs. Pumping more cheap money into the economy does not create jobs. Demand—the majority of which is driven by the middle class—creates jobs. Without that, NO factories will be built, regardless of interest rates.

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That is basically the fallacy of his tariff policy, thinking that foreign countries are all of a sudden going to build factories here in the United States just because of these tariffs. And this is the lie that he sold to unions and the red states.

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  1. And, of course, because his tariffs are bleeding money from consumers, there will be LESS investment, because they have less disposable income. He still believes the "trickle down" fantasy.

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