Thursday, November 23, 2017
politics

Donal Trump Vs US economy

58views

There’s no denying Trump has done a good job of making himself rich — he’s worth somewhere between $4.5 billion and $10 billion, depending who you ask. Can he make the rest of America rich, too?

Trump was elected the 45th president of the United States on Tuesday and in his victory speech at the New York Hilton promised to focus on economic growth when he is sworn in next January. “We have a great economic plan,” he said. “We will double our growth and have the strongest economy anywhere in the world.”

On the campaign trail, Trump admitted the economy wasn’t something he looked forward to tackling. In a January interview with “Good Morning America,” he offered up a bleak assessment and added that, in terms of fixing it, it’s a task he’d rather skip.

“We’re in a bubble,” he said. “And, frankly, if there’s going to be a bubble popping, I hope they pop before I become president because I don’t want to inherit all this stuff. I’d rather it be the day before rather than the day after, I will tell you that.”

Trump has made plenty of enemies along the way as well, including but limited to fellow GOP contenders Ted Cruz and Jeb Bush, New York Mayor Bill de Blasio, Fox News journalist Megyn Kelly, the media in general and even the Pope.

Those who fear Trump’s plans should find common cause with those who love them: “I’m not sure how much of what he actually says today will be his positions a year from now,” said Michael Busler, professor of finance at Stockton University.

Trump’s own campaign has suggested he is playing “a part” to garner votes.

While Trump certainly has some grandiose ideas — and equally lofty rhetoric to accompany them — deciphering the exact nature of his economic policies is a complex task, according to John Hudak, a fellow in governance studies at Washington, D.C.-based think tank the Brookings Institution.

Not to mention the fact that if he does make it to the Oval Office, Trump won’t have a free pass from Congress, even if it remains under the control of the Republican Party (as you’ll see, many of his positions don’t exactly hew closely to GOP policies).

Taking legislative hurdles out of the equation, what will the U.S. economy and markets look like under President Trump.

Comments

comments