Trump Is Slowly but Surely Killing U.S. Economy, Experts Warn

Deutsche Bank analysts are ringing warning bells for the U.S.
Trump Is Slowly but Surely Killing U.S. Economy, Experts Warn

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The president’s threats against Bruce Springsteen are not a joke.

In a post on Truth Social early Monday, Donald Trump said he would be directing the federal government to conduct a “major investigation” into how much money Kamala Harris paid celebrity musicians to endorse her during her 2024 campaign, including the likes of Springsteen, Beyoncé, and U2’s Bono.

One day later, the late-night post appeared less like a stray arrow and more like an administrative agenda.

“Accountability for a class of people who act as if they’re above the law may be uncomfortable for Rolling Stone, but it’s refreshing to the American people,” Trump White House spokesperson Harrison Fields told Rolling Stone Tuesday. Fields said that the Justice Department and the Federal Election Commission would “act independently in [their] decision-making” as to whether or not they would get involved, as they have final jurisdiction over such an investigation.

But Trump’s assertion that Harris paid for endorsements isn’t correct. Harris’s campaign was roundly scrutinized for cashing big checks to celebrity production companies, including $165,000 to Beyoncé’s Parkwood Production Media LLC on November 19 and $1 million to Oprah’s Harpo Productions for services that they provided during her campaign. Harpo provided the stage and staff during her livestreamed Detroit town hall, while Beyoncé was paid for “campaign event production,” according to FEC records, weeks after she made a guest appearance at the Democratic presidential nominee’s Houston rally in October. (On Monday, Trump claimed without citation that Beyonce had received $11 million to walk on stage and endorse Harris without performing.)

Springsteen’s production company, meanwhile, received $76,000 from the Harris campaign after he performed as a musical guest at Harris’s Georgia rally in October.

“Campaign finance laws require campaigns to pay fair-market value to vendors. If she failed to pay any of these companies for performing services at an event or rally, it would constitute an illegal in-kind contribution to the campaign in two ways: The contribution would exceed donation limits, and companies are not permitted to donate directly to candidates,” reported Rolling Stone.

The president’s decision to hone in on campaign finance corruption, per those who have spoken to him in recent months, boils down to one word: revenge. Despite skirting consequences by winning the presidency, Trump has seemingly not gotten over the fact that he is the first U.S. president convicted as a felon (and the first convicted felon to become president). Trump was convicted last year on charges related to campaign finance fraud for issuing hush-money payments to porn star Stormy Daniels during the 2016 election.

“Democrats pretended to care about campaign finance violations when they persecuted President Trump with their lawfare,” Mike Davis, a conservative lawyer close to Trump who is a key player of the MAGA legal elite, told Rolling Stone. “Maybe they shouldn’t have thrown stones in glass houses. Nobody is above the law.”

Trump and Springsteen have traded barbs for years, but Trump’s fury against the “Born in the USA” singer was reignited last week when the rock star told a crowd in Manchester, England, that the Trump administration was “taking sadistic pleasure in the pain that they inflict on loyal American workers.”

“The mighty E Street Band is here tonight to call upon the righteous power of art, of music, of rock ’n’ roll, in dangerous times,” Springsteen said Wednesday. “In my home, the America I love, the America I’ve written about that has been a beacon of hope and liberty for 250 years, is currently in the hands of a corrupt, incompetent, and treasonous administration.”

That sparked Trump’s multi-day tirade against The Boss, writing on Truth Social that the singer of one of his favorite campaign tracks was actually “highly overrated.”

“Never liked him, never liked his music, or his Radical Left Politics and, importantly, he’s not a talented guy—Just a pushy, obnoxious JERK, who fervently supported Crooked Joe Biden, a mentally incompetent FOOL, and our WORST EVER President, who came close to destroying our Country,” Trump posted after clips of Springsteen’s remarks went viral. “If I wasn’t elected, it would have been GONE by now!”

“This dried out ‘prune’ of a rocker (his skin is all atrophied!) ought to KEEP HIS MOUTH SHUT until he gets back into the Country, that’s just ‘standard fare.’ Then we’ll all see how it goes for him!” Trump added.

In response, Springsteen spoke out again on Saturday, telling another stadium crowd in Manchester that Trump was “unfit” to be president.

“Things are happening right now that are altering the very nature of our country’s democracy, and they’re too important to ignore,” he said.



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Twitter (X), Inc. was an American social media company based in San Francisco, California, which operated and was named for its flagship social media network prior to its rebrand as X. In addition to Twitter, the company previously operated the Vine short video app and Periscope livestreaming service

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