In Just Over 100 Days, Trump Has Torpedoed the U.S. Economy While Making Himself Richer

President Donald Trump has been in office for just over 100 days. In that time, he’s done years’ worth of damage to the United States’ economy and is marching us increasingly closer to a self-created recession. With the help of Elon Musk and allies in Congress, the Trump administration has injected chaos and uncertainty for small businesses and investors, undermined workers’ rights, tanked consumer confidence – bringing it to the lowest level since May 2020, dramatically driven up household costs for ordinary Americans, and gutted essential services taxpayers depend on.

But Trump doesn’t seem to mind. When asked in an interview yesterday about the increasing likelihood of a recession, Trump shrugged it off, suggesting he was “okay” with it. He also argued kids should simply have fewer dolls and pencils as families start to feel the pain from his industry-stunting tariffs, and supply shortages are expected to strike this summer.

It’s no wonder Trump shrugged off the economic disaster his policies are creating for regular families. While families pay the price of his failed agenda, he is benefiting more than ever, as hundreds of millions of dollars seem to be funneled into his pocket through a range of corrupt self-enrichment schemes.

Last week, a top Trump associate and the founder of Trump’s family crypto firm, Zach Witkoff, revealed that an Abu Dhabi backed fund would be making a $2 billion business deal between MGX and Binance using Trump’s cryptocurrency – a deal in which “virtually every detail […] contained a conflict of interest.” The deal funnels hundreds of millions of dollars directly to Trump, allowing him to profit personally and massively from the presidency. Binance’s founder, Changpeng Zhao, is reportedly planning to request a pardon from Trump after pleading guilty to money laundering.

And next week, in one of his worst abuses of power to date, Trump will host his pay-to-play private gala and meet and greet for top investors in his cryptocurrency venture. Last month, Trump announced his ploy to sell presidential access to the highest bidder, promising that the top 220 investors in his memecoin would have a seat at his upcoming exclusive dinner. Not only is the dinner a nakedly corrupt self-dealing scheme, a recent Accountable.US report found that Chinese crypto billionaire and alleged fraudster Justin Sun is likely the top holder of Trump’s meme coin $TRUMP. Sun’s federal fraud case was paused in February 2025 after he bought $75 million in tokens offered by Trump crypto venture World Liberty Financial Inc.

While Trump, Musk, and their allies in Congress drive up costs for Americans – the chaos, corruption, and conflicts of interest for Trump and his cabinet are piling up: