April 11, 2025 Editor, The News-Gazette: Mike Lowry’s “Hard Times for Democrats as The Economy Booms” (April 2) is a master piece of sleight of hand and possibly, skillful deception.
He says that there are already commitments for $8 billion in investments from countries around the world. Countries do not invest in our capitalist system. Companies do. And, there has actually been $8 billion in cancelled manufacturing investments in our nation since Jan. 20; manufacturing jobs went up consistently under the Biden administration, contrary to what Trump and Lowry tells you.
Second, the stock market has lost $11 trillion in value since Trump’s inauguration. Our total gross domestic product (the value of all goods and services produced in the U.S.) is $29 trillion per year. Americans are now quivering in their boots watching the decimation by Trump of not only their 401K’s and other retirement accounts, but also the decimation of their college savings accounts called 529 accounts. And soon, contrary to what Mike Lowry wants you to believe, unemployment will begin to rise, inflation will begin to rise, interest rates will stay, housing and land values will fall, and Americans will be stuck with a president who sent 11 companies into bankruptcy and number 12 just might be the United States of America.
Third, Lowry’s statement that our economy is booming is part of the Trump strategy to pull the wool over your eyes. Trump’s tariffs are sending our economy into the fastest tailspin since the Great Depression. Lowry probably thinks he is just doing his duty to the Republican Party. Shame on Donald Trump. We want our $11 trillion back. We want our economy back. We want our rights back. We want our nation back. I don’t know what Mr. Lowry and Mr. Trump want. HERB RUBENSTEIN Chair, LexRockBV Democratic Committee
