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Economy
‘Disgusting’: Trump’s Top Economic Adviser Brags About Killing 300,000 Americans' ‘High-Paying’ Jobs
"Everybody is hurt by what he's celebrating," one public employee union official told Common Dreams. "I guess it's just par for the course from this administration, but it's still a disgusting thing to hear."
Apr 10, 2026
President Donald Trump's top economic adviser boasted on Fox Business Thursday that the government had slashed more than 300,000 "high-paying" jobs from the federal payroll during the president's first year back in office.
Asked by anchor Maria Bartiromo about the administration's efforts to cut government spending, National Economic Council Director Kevin Hassett said it had made "a huge amount of progress."
"I think the biggest thing that we can point to is that we've cut government employment by 300,000 workers," he said. "Those are jobs that are very high-paying that are gone forever."
He claimed the cuts reduced government spending by "an unthinkable amount of money," perhaps $1 trillion over the next ten years.
He also said that the administration "reduced the deficit last year by $600 billion" through a combination of higher-than-expected economic growth, tariff revenues, and "supply side effects" of Trump's massive tax cut, which mostly benefited the wealthiest Americans while gutting the social safety net.
Dean Baker, a longtime collaborator of Hassett’s despite their opposing political beliefs, wrote on social media that Trump’s economic adviser was dramatically exaggerating the deficit reduction that occurred during the administration's first year.
According to the Congressional Budget Office (CBO), the deficit was about $1.8 trillion for fiscal year 2025, just $41 billion less than the previous year and $56 billion lower than the $1.9 trillion deficit CBO projected in its most recent baseline.
"In the real world, the deficit fell... less than one-tenth of what Kevin claims," Baker said.
Trump has touted the layoffs of hundreds of thousands of government employees from their "boring federal jobs" as one of his crowning achievements.
Among the agencies hit by mass layoffs were the Department of Veterans Affairs, where more than 12,700 employees got the axe; the Department of Health and Human Services, which lost more than 14,400 workers; the Social Security Administration, whose staff shrank by more than 6,600; and the Environmental Protection Agency, which lost more than 4,000 employees.
Jacqueline Simon, policy director at the American Federation of Government Employees (AFGE), the largest labor union representing federal workers, told Common Dreams that even if slashing jobs did reduce the deficit as Hassett claimed, the harm far outweighs any such benefit—not only for the fired employees, but for the millions of Americans who depend on services they provide.
"When you say 300,000 jobs, it is a nice round number, and you link it to deficit reduction, which he was lying about," Simon said. "The fact of the matter is, the disappearance of those 300,000 jobs means degraded healthcare for our veterans; slower or nonexistent service at the Social Security Administration for the elderly and disabled who rely on Social Security for their income; and the elimination of huge swaths of the Environmental Protection Agency (EPA) that help ensure we have clean air to breathe and clean water to drink."
"You have federal prisons absolutely overwhelmed by too many inmates and too few corrections officers, endangering public safety," she continued. "Consumer product safety has been eviscerated. There are also serious public health concerns involving substance abuse, childhood nutrition, and vaccinations."
She decried Hassett's comments as "ignorant" in light of his false claims about deficit reduction, but also "just demonstrably pretty cruel and disdainful" given the impact these job losses have on individuals, families, communities, and society as a whole.
"It's cruel," Simon said, "not only on the people who held those jobs—about a 100,000 of whom are military veterans—but the impact of the disappearance of those jobs also falls on children, the elderly, anybody who consumes agricultural products, breathes air, or relies on clean water."
"Everybody is hurt by what he's celebrating," she added. "I guess it's just par for the course from this administration, but it's still a disgusting thing to hear."
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‘America’s Not OK’: Surveys Show US Wellbeing in Steep Decline Under Trump
"Americans are drowning under rising costs, flat wages, high unemployment, and historic layoffs—it’s no wonder they’re concerned about how they’re going to make ends meet."
Apr 10, 2026
Two recently released surveys revealed a significant drop in Americans' self-reported wellbeing as the Trump administration launches illegal and deadly military conflicts and plunges the global economy into chaos.
On Friday, the University of Michigan issued its monthly Survey of Consumers, which showed that consumer sentiment in the US hit an all-time low after dropping by 11% since March, amid President Donald Trump's war of choice in Iran.
The drop in consumer sentiment was almost universal, the survey found, as "demographic groups across age, income, and political party all posted setbacks in sentiment, as did every component of the index, reflecting the widespread nature of this month’s fall."
As for the reasons for the decline, the survey found "many consumers blame the Iran conflict for unfavorable changes to the economy," such as a major spike in gas prices, which the US Bureau of Labor Statistics reported on Friday increased by more than 20% in the month since the war began.
Heather Long, chief economist at Navy Federal Credit Union, noted that the latest consumer sentiment data showed Americans are even more sour on the economy now than they were in the summer of 2022, when the economy was dealing with the highest inflation it had seen in decades.
Kendall Witmer, rapid response director of the Democratic National Committee, seized on the consumer sentiment report and accused Trump of having "tanked the economy for working families."
"Americans are drowning under rising costs, flat wages, high unemployment, and historic layoffs," Witmer added. "It's no wonder they're concerned about how they’re going to make ends meet and Trump and [Vice President] JD Vance can’t be bothered to make life more affordable for them."
The record low in consumer sentiment comes just weeks after Gallup released its annual World Happiness Report, which showed that the US had fallen out of its rankings of the 20 happiest countries in the world.
The report says the decrease in US happiness largely came from "lower life evaluations among young adults," and points the finger at high social media use as a key factor in making young people miserable.
Specifically, the report finds "there is now overwhelming evidence of severe and widespread direct harms (such as sextortion and cyberbullying), and compelling evidence of troubling indirect harms (such as depression and anxiety)" from social media use, adding that "the harms and risks to individual users are so diverse and vast in scope that they justify the view that social media is causing harm at a population level."
Social media's impact on mental health has come into focus in recent weeks with juries in multiple states finding Big Tech companies liable for creating products that harm children.
In March, a New Mexico jury found social media giant Meta liable for harming children's mental health and safety, ordering the company to pay $375 million. A day later, a Los Angeles jury ordered Meta and Google to each pay $3 million in civil damages to a now-20-year-old woman who alleged harm and suffering caused by their products when she was an adolescent.
Journalist Derek Thompson took stock of the Gallup survey and the University of Michigan survey, as well as last year's General Social Survey that also documented a decline in US happiness, and declared, "America is not OK."
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As Mexico Enacts Universal Healthcare, Advocate Says Insurers' 'Stranglehold' Is Moving US in 'Opposite Direction'
Medicare for All advocate Wendell Potter said it's "both inspiring and frustrating" to see other nations advance their public healthcare systems while the US dismantles its own.
Apr 10, 2026
As Mexican President Claudia Sheinbaum moves forward with a plan to enact universal healthcare for her country’s more than 130 million people, a longtime advocate for Medicare for All in the US called the development “both inspiring and frustrating.”
"Inspiring because it shows what is possible," Wendell Potter, a former insurance company communications director who has become a leading critic of the industry, told Common Dreams. "Frustrating because here in the US we are going in the opposite direction."
Earlier this week, Sheinbaum announced a decree that she called "a historic step" for Mexico.
Beginning in 2027, her government plans to unify Mexico's public health institutions into a single Universal Health Service, allowing patients across the country to receive care from the Mexican Social Security Institute (IMSS), the Social Security Institute and Social Services of Workers of the State (ISSSTE), and the IMSS‑Bienestar program, which provides free services to those without employer-provided insurance.
According to TeleSur, universal access would be rolled out gradually, with universal emergency care and continuity of treatment, free of financial constraints, beginning in January. Specialized services such as radiotherapy, laboratory tests, and imaging studies would be phased in later that year, and universal prescription fulfillment and hospitalization would also be added to the program in 2028.
"The goal is that when we leave the government [in 2030], any Mexican man or woman can go to any health institution for treatment for any ailment and be received," Sheinbaum said.
Mexico has expanded its annual healthcare budget in recent years, but Sheinbaum's government hopes that consolidating all of Mexico's health services into a single program will eliminate bureaucratic bloat and create a more cost-effective system that saves money over time.
Potter described the plan as “just another example of countries around the world lapping the US when it comes to healthcare policy.”
While tens of millions more previously uninsured Mexicans have become eligible for free care under the healthcare expansion efforts of Sheinbaum and her predecessor, Andrés Manuel López Obrador, the US under President Donald Trump is in the process of shredding public healthcare programs and subsidies.
Following the One Big Beautiful Bill Act, signed into law by Trump last year, 11.8 million Americans are expected to lose Medicaid and other coverage, and more than 20 million are projected to see higher premiums after insurance subsidies under the Affordable Care Act were allowed to expire.
"Due to the stranglehold Big Insurance has on too many politicians in this country, instead of expanding care and lowering costs, we are simply helping Big Insurance make more and more money," Potter said. "It is totally backwards."
"We must continue to keep Medicare for All as our north star here. But also acknowledge the reality that we need to change so much about our current political environment to make it possible," he said. "And that has to start with breaking up Big Insurance's stranglehold on Washington."
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'Trump Is Deliberately Ruining the Economy': Inflation Soars Thanks to Illegal Iran War
“The toll of Trump’s war in Iran won’t stop at the pump,” warned one expert. “Price hikes on summer vacations, groceries, and electronics are coming."
Apr 10, 2026
New data from the US Bureau of Labor Statistics showed that inflation soared in March thanks in large part to increased energy costs stemming from President Donald Trump's illegal war with Iran.
According to the BLS, the Consumer Price Index (CPI) posted a month-over-month gain of 0.9% in March, led by a 10.9% increase in energy prices including a massive 21.2% increase in gasoline.
On a yearly basis, total prices rose by 3.3% from where they were in March 2025—the highest annual inflation rate since April 2024.
University of Michigan economist Justin Wolfers commented in a social media post that inflation in March was "up sharply, and there's more to come," while describing the data as "the first numbers showing economic effects of the war in Iran."
New York Times economics reporter Ben Casselman observed that the 3.3% rise in inflation was "the fastest inflation rate of Trump's second term," and that "the jump was driven almost entirely by higher energy prices, the direct result of the war with Iran."
Heather Long, chief economist at Navy Federal Credit Union, flagged a particularly worrying aspect of the BLS report, which is that "wage growth is almost entirely eaten up by inflation now."
"Wage growth was +3.5% in March for the past 12 months. Inflation was +3.3% in March for the past 12 months," Long explained. "This is the squeeze many households are feeling. Their pay won't be able to keep up with this level of inflation. (And yes it was the same situtation in 2022)."
Elizabeth Pancotti, managing director for policy and advocacy at Groundwork Collaborative, said that the spike in inflation "comes as no shock to anyone who has filled up their gas tank in the past month," and predicted the damage wouldn't be limited to fuel prices.
"The toll of Trump’s war in Iran won’t stop at the pump," Pancotti said. "Price hikes on summer vacations, groceries, and electronics are coming down the pike as his war stokes chaos in supply chains around the world. By pursuing this illegal war, the president has made it clear that he’s putting American families last."
Sen. Chris Murphy (D-Conn.) stated that "between the war and tariffs and general incompetence, Trump is deliberately ruining the economy."
The Republican Party tried to put its best spin on the numbers by boasting that core inflation, which excludes the prices of food and energy, did not rise as much as anticipated.
"Core inflation just came in LOWER than expected for the month of March!" the GOP wrote in a social media post. "President Trump continues defying the 'experts' and beating expectations."
However, the GOP's post got several angry replies from followers who argued that core inflation mattered little when energy prices are spiking and gas prices are averaging $4.15 per gallon.
As Vox senior editor Benji Sarlin noted, former President Joe Biden's White House regularly pointed to core inflation numbers while trying to ease voters' anxiety about rising prices, but with little success.
"Congrats to all the Trump White House folks explaining the difference between topline inflation and core inflation during an oil shock today, I’m sure the Biden WH alums will be very sympathetic," Sarlin wrote. "People on social media also love it when you say inflation is actually pretty good if you just exclude gas, try it out."
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