|
In response to
"If I was putting money on it, I'd say a Trump presidency will supercharge the economy, low unemployment, soaring stock markets, large scale "
by
Loyola
|
I could be this optimistic, but there are at least two immense hurdles in the way.
|
1. The devil is in the details. We've heard all the general ideas, political rhetoric, and pablum, but no one in the Trump administration has offered any details supporting all of these promises. This is why economic analyses are all over the map -- everyone is relying on guess work.
2. The Republican leadership in Congress. Currently, Speaker Ryan and Sen. McConnell have expressed lukewarm support for most of Trump's economic proposals. And they are lining up their own proposals to radically re-work Congressional spending in ways that will dramatically alter the U.S. economy.
So, if the details work out to meet the best guesses economists have predicted, and if Congress goes along with those proposals, then sure -- I could see an economic boom like we saw in the 90s under Clinton or in the Post-WWII era.
Otherwise, I'm more inclined to believe the experts at Moody's who are predicting much more income equality, bigger budget deficits, higher national debt, and a society that looks much more like the Gilded Age of 100 years ago than the best economic times I've seen in my life under Presidents Reagan and Clinton.
|