Dear Sir
President Donald Trump has some good policies, but his economic policy is a disaster, and it is fraught with potential danger. His on-again-off-agency tariffs on imports, trashing of federal departments and agencies, federal employee firings, and elimination of various federal programs are causing havoc within our economy.
The uncertainty is promoting jitters among consumers and could provide a pullback in consumer spending and business and industry investments, which could lead to a recession. Consumer confidence plummeted in February with its largest monthly drop since August 2021.
Trump’s and Musk’s slash-and-burn approach to terminating federal workers not only affects the Washington DC area but also states across the country.
Only 400,000 out of 2.4 million federal workers live in the District of Columbia, Virginia and Maryland. The other two million are spread across the country, including California with 150,000 workers, Florida with 94,000, Georgia with 80,000, New York 54,000, Ohio 55,000, Pennsylvania 66,000 and Texas 130,000. In New Hampshire, there are about 8,000 federal workers at the Portsmouth Naval Shipyard who are under threat of losing jobs. The shipyard services our nuclear submarines that deploy in defense of our country.
Please note about 30 percent of federal workers are veterans, including many who are fellow Navy veterans.
Small private sector businesses across the country are being severely impacted by cuts to federal programs and the termination of federal contracts. About 7.5 million small company jobs are dependent on federal contracts. Elimination of these jobs could have a disastrous impact on our economy.
Donald Moskowitz
Londonderry NH