Nobody wants to go to Trump's birthday party
Singers are pulling out of Trump's birthday/America 250 event while his team pushes self-serving deals on Iran, the $250 bill, and stock index rules — bad for regular Americans already drowning in credit card debt.
- Up to 55% of scheduled performers, including Martina McBride and Brett Michaels, have dropped out, saying they were misled about the event being nonpartisan.
- A draft Iran deal floats a $300 billion to $1 trillion "investment fund," with Jared Kushner and Steve Witkoff pushing real estate projects inside Iran.
- The White House wants Trump's face on a new $250 bill and wants to fast-track SpaceX and other mega IPOs into stock indexes, forcing retirement money to buy in.
- Credit card delinquencies hit 13%, the highest since the 2008 financial crisis, as people fall behind on cards, student loans, and auto loans.
- The personal savings rate has crashed to 2.6%, meaning spending is being propped up by credit cards and buy-now-pay-later, not wages.
Outlook: With the Iran conflict pushing borrowing costs higher and consumers running out of savings, the squeeze on regular Americans is set to get worse while policy keeps funneling money to billionaires.