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Salon
Salon
Chauncey DeVega

The price of democracy in America

Millions of Americans are experiencing real financial hardship because of Donald Trump‘s policies — and it’s getting worse. The country’s economy lost 92,000 jobs in February and the unemployment rate increased to 4.4%, according to numbers released on Friday morning. Only 13% of Americans feel financially secure. Later that afternoon, in a sure signal that investors were spooked by the job numbers and the war in Iran, the S&P 500 plummeted by two percent for the week, wiping out all the gains made in 2026.

Trump’s widening war of choice against Iran promises to make this even worse by disrupting the global economy and raising the price of oil, gas and other essential products. As Nobel Prize-winning economist Paul Krugman noted, the war’s cost looks much worse when measured in human terms: Replacing the three F-15E jets that were shot down over Kuwait will cost the equivalent of food for 125,000 Americans or health care for 100,000 children over the course of a year.

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