As Donald Trump approaches his first 100 days in office in 2025, his administration is facing scrutiny amid economic anxieties. While Trump touts his achievements, concerns are rising about the economic impact of his policies.
Economic Instability
Polls indicate growing dissatisfaction among Americans due to economic and political instability. Wall Street has experienced a decline since Trump took office, and fears of potential inflation persist. Economists are warning of a potential recession due to the administration's approach to tariffs and trade [1, 3, 5].
Policy Criticisms and Support
Democrats are criticizing Trump's economic policies, attributing rising costs and recession risks to his administration. Despite these challenges, Trump remains focused on energizing his base and pushing forward with his agenda. His administration has signed numerous executive orders, addressing issues from trade to government efficiency [2, 4, 6, 11].
Elon Musk's Role
Elon Musk, playing a significant role through the Department of Government Efficiency (DOGE), has been tasked with cutting federal spending [12, 13, 14]. While DOGE has reported substantial budget cuts, some remain skeptical of the long-term impact and potential conflicts of interest [12, 15].