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During Tuesday’s airing of CNN’s “Laura Coates Live,” Kentucky Governor Andy Beshear (D) discussed the significant influence a president can have on the economy, using the current economic conditions under President Donald Trump as a case in point.
Beshear highlighted the precarious situation faced by farmers, explaining, “While temporary aid can be offered, my farmers require more than just short-term relief. Should the Chinese market shift permanently to Brazil and Argentina, numerous soybean farmers could face losing their farms due to Trump’s actions.” He further emphasized the broader economic consequences, noting, “Consider the impact on numerous sectors. Trump’s controversial policies threaten to shut down 35 rural hospitals in Kentucky—data from the Kentucky Hospital Association supports this. Each hospital represents the largest payroll in its county, so their closure could spell doom for local businesses like coffee shops, restaurants, banks, and insurance companies. The economic damage is extensive.”
Beshear concluded with a stark observation, “The belief that a president can’t greatly influence the economy has been debunked by Donald Trump. He is dismantling it before our eyes.”