Warren Sounds Alarm on Trump’s First 100 Days
Ranking Member Warren details “How Donald Trump Broke Our Economy in 100 Days” in new Substack blog post
On Wednesday, the Senate will vote on the bipartisan resolution Senators Warren, Wyden, and Paul introduced to turn off the fake emergency authority Donald Trump is using to impose his reckless tariffs.
Washington, D.C. – U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs (BHUA) Committee, will join a press call with former White House economists and released a Substack post to highlight the economic devastation unleashed by President Donald Trump’s first 100 days in office.
Senator Warren emphasized that Trump’s promises to lower costs and strengthen the economy have instead given way to chaos, corruption, and higher costs for working families. She outlined how Trump’s reckless tariffs are driving up consumer prices, threatening to shove our economy off of a cliff — with millions of families already living on the financial brink.
Senator Warren also previewed the upcoming Wednesday Senate vote on the bipartisan resolution she introduced with Senators Ron Wyden (D-Ore.) and Rand Paul (R-Ky.) to block Trump’s abuse of emergency powers and stop his disastrous tariffs. Warren called on Republicans to stand with American consumers and workers — not with Donald Trump’s chaotic, self-serving agenda.
See Senator Warren’s remarks as prepared for delivery below and read her latest blog post on Substack here:
Here we are: The first 100 days of the Trump Administration – which will be most remembered for the chaos and the corruption.
Remember, Donald Trump promised to lower costs on “day one.” Instead, he took an improving economy and broke it in 100 days.
The President started the dumbest trade war in history, crashing equity markets and sinking retirement accounts.
He is freezing business investment and tanking consumer sentiment.
He is single-handedly reversing progress on bringing manufacturing back to America, with workers getting laid off instead.
And he is ruling by self-interest, prioritizing his big-ticket donors and his own business ventures.
I worry about these tariffs not only for their immediate and direct impact, but also because they are like a strong gust of wind blowing against a house whose wooden support beams are already being eaten through by termites.
When you dig beneath topline consumer spending numbers, the data is clear that Americans are barely hanging on by their fingernails:
1 in 3 Americans has more credit card debt than emergency savings.
Credit card delinquencies are back up to levels not seen since the aftermath of the 2008 financial crisis.
Auto loan delinquencies are also back up to levels similar to its peaks during COVID and the 2008 financial crisis
The warning lights are flashing red. Millions of Americans living paycheck-to-paycheck could face the devastating one-two punch of job losses on top of overwhelming debt burdens.
We could see a cascade of defaults, foreclosures, and personal bankruptcies.
This is a self-inflicted crisis. Our economy is not being shoved off a cliff because of a pandemic or a financial crash – but because of one man: The President of the United States.
Tomorrow, Senator Wyden and I are forcing a vote on the bipartisan resolution we introduced with Senator Rand Paul to turn off the fake emergency authority Donald Trump is using to impose his massive tariffs.
Every single Democrat will vote for it. Republicans have a choice to make: Will they stand up for the American people or will they continue bending the knee to Donald Trump.
We have a responsibility to call this out—and the power to fight back. If we don’t, Donald Trump and his team of chaos-mongers win and the American people lose.
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