Dem Rep. Gomez on Excellent GDP Report: The Data Is Telling Us ‘the Trump Chaos Will Continue and the American People Will Suffer’

‘Somebody is going to have to pay for those tariffs’

EXCERPT:

GOMEZ: "I think what it‘s showing is that they‘re trying to do with the erratic nature of his policies by — when he says that there‘s going to be tariffs, people try to load up on buying things, and if — and when they say they pull back, then all of a sudden they calm down. So you see this kind of whipsaw going on. But also you need to look at other data to see what is happening to the American consumer, who I‘m concerned about, the worker, the people. Auto loan defaults are increasing. That is a concern, because when auto loan defaults increase, what does that tell you? That people are trying to make a decision, 'Should I pay for the essentials, for the housing and the food, versus something like an auto loan, that if somebody takes it, it‘s devastating, but not that big of a deal like losing your house?' So I think we need to kind of see what the data is telling us. But what it tells us is that Trump chaos is going to continue, and the American people are going to suffer. Because here‘s the thing: Somebody is going to have to pay for those tariffs. And right now the companies are, but sooner or later that‘s going to trickle down to the American consumer."

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