Source: The American Prospect
by David Dayen
“The Trump economy has created a lot of losers among workers and consumers, yes, but also among businesses. Retailers are dealing with high tariffs. Auto and energy manufacturers have lost tax credits. Construction, agriculture, and other industries with significant immigrant workforces are having trouble retaining employees. Even health care, thought to be totally recession-proof, is showing cracks with the looming slashing of government funding and UnitedHealth’s troubles. A combination of sluggish hiring and higher inflation could tip the country into recession and have a spiraling effect. But there are two winning sectors in the Trump economy: Big Tech and big banks. Due to positive trends and extremely favorable government treatment, banking and tech companies are absolutely soaring..” (08/07/25)
https://prospect.org/power/2025-08-07-silicon-valley-godzilla-vs-wall-street-mothra/