- During a call among Democratic Party state treasurers on Thursday, officials hammered President Trump over his tariff and trade policies, repeatedly calling him “reckless” and unserious in his approach. The hit to average Americans who are both saving for retirement and college tuition all at the same time has been severe, officials said, and one treasurer urged constituents to “blow up the phones” with calls to congressional leaders in response to the market plunge. “Americans did not vote for a recession,” said Illinois State Treasurer Michael Frerichs.
State treasurers from the Democratic Party who oversee college savings and retiree pension plans are seething over the market rout that followed President Trump’s tariff announcement in the Rose Garden last week and the massive hit to average retail investors in the days since.
