To the editor:
Mr. Freeman stated in his letter to The County on April 30 that “President Trump inherited a good economy in 2025, with strong job growth and with inflation dropping from a peak of 9.1 percent in June 2022 to 2.9 in December 2024, partly due to the skillful guidance of federal Reserve Chair Jerome Powell.”
Later in his letter he says, “Now, after creating a mess, the president attacks Jerome Powell for not lowering interest rates.”
My question to Mr. Freeman is: Why is Powell giving (skillful guidance) to save Biden acceptable but Trump asking Powell for help unacceptable?
Also, on praising lowering the inflation rate from 9.1 percent, the highest inflation rate since 1981, to 2.9 percent without discussing how it rose so high in the first place seems a little evasive to me.
Another Mr. Freeman comment [was]: “Trump foolishly started a world- wide tariff war falsely believing that American CEOs will build manufacturing plants in America when for much less risk they can continue offshoring production.”
It’s common knowledge that tariffs are put in place to encourage investment in our country and discourage offshore production by making it less profitable to continue offshoring. Merck, NVIDA, Roche and TMSC are just a few companies with plans to manufacture products in the U.S. Toyota, Hyundai, Honda, Nissan, Subaru and Volkswagen are all foreign companies that for one reason or another have plants in the U.S.
Investing in America is the answer to many of our problems. The more jobs we create, the more opportunity there will be, not only for the people in our country now, but also [to] offer hope to countless people with dreams of legally migrating to America.
Walter Crean
Madawaska
