When everyone is screaming how much Trump is literally making the sky fall 24/7 on all media and water coolers, none of the legitimate problems pack any sort of punch. Nothing causes panic because panic is the new baseline.
On the other hand, many of the stories you read in the media are true. Discounting or ignoring them because you associate them with emotionality or hysteria would be fallacious.
In fact, it pretty much still is.
Free money is to capitalism what "let's just use a random function as a cost function" is to a neural network. It takes away the intelligence, the adaptation. It will explode, slowly. It does not make much sense, however, that the economy takes/took this long to crash as a result.
We should (and do, according to quite a few economic journals, and that's in a way also what this article is complaining about) have an economy that doesn't make sense given the world we live in. That the connection between reality and our economic system acting on reality is getting looser and looser. There must come a point where it suddenly, violently stops working and vast shortages suddenly manifest everywhere. Just like any learning algorithm when you take away it's direction: it goes insane, and not in a way you can debate whether it's insane. Think epileptic seizure, not general weirdness.
The consequences will be greatest in the long term. That we aren't feeling them yet does not absolve the situation.
Without specifics and concrete problems, it's just more hysteria like the OP was talking about.
As a single example to start, I would recommend looking into the staffing problems at the the state department. A lot of people don't think about the state department, but they are the first line of diplomacy on the world stage. There are hundreds of positions left unfilled, a severe lack of focus, the requirement of keeping up with major foreign policy pronouncements through twitter by the POTUS and a disengaged secretary of state with very little experience. World diplomacy is the kind of thing that does not blow up overnight, but has a ripple effect for years and possibly even decades to come, as we've seen with our middle east policies.
All of American democracy shouldn't have to crumble into ashes before we express concern.
Tillerson has also proposed a 31 per cent cut to the department’s budget and an 8 per cent staff cut.
So the context you provide requires it's own context.
All of which does not speak to the volatile situation of the commander-in-chief of the most powerful military in the world making improvised foreign policy declarations over twitter.
https://www.nytimes.com/2017/10/17/magazine/rex-tillerson-an...
It’s sometimes easier and cheaper to demolish and build a new house than remodel the existing one.
The only thing I can think of that might actually have caused some issues for some businesses would be the rejection of TPP. And that is something almost all Americans wanted abolished.
Tweets, Executive Orders, and hyperventilating journalists do not actually affect US policy.
Not sure if that’s proximal enough for you. It’s true it will take some time to feel the effects of Trump’s choices. That doesn’t mean they’re not quite harmful some of them.