Popular vote loser Donald Trump isn’t hellbent on merely destroying our environment and relationships with long-time allies across the world, he’s also set on running the economy into the ground through his anti-immigrant crackdown. Take it from Robert Kaplan, president of the Federal Reserve Bank of Dallas:

Millions of immigrants “are not going out and shopping, they are staying home, they are afraid if they go out they may not come home,” Dallas Fed chief Robert Kaplan said at the Council on Foreign Relations in Washington.

“On the margin — and it’s too soon for the data to pick it up but you hear it anecdotally — I believe we are going to see it, I believe those people are more likely to save than to spend,” Kaplan added. “And those two effects have some muting effect on consumer spending and therefore GDP growth.”

He noted that consumer spending makes up about 70% of the economy, and that low and middle-income Americans in particular, including immigrants, typically are more likely to spend than save their income.

According to Mark Zandi, chief economist of Moody’s Analytics, Trump’s “pullback in immigration will cut economic growth by an average of a tenth of a percentage point in each year of his term, reducing total economic output by nearly $100 billion by 2021.” But remember, this is the guy whose sole credential when running for president was being a “business man.” Maybe he got that business degree from Trump University?