General Discussion
In reply to the discussion: 'His Only Motivation': Experts Say Trump Is an Empty Vessel -- Except on This One Issue [View all]Bernardo de La Paz
(57,244 posts)The genius of the stable thinks he can remake the US economy with deregulation, tariff taxes, smaller government and boosting the rich even more. Conceivably the first three would be possible with regard to economic effects at big societal costs, but definitely not the way he is doing it and not with his war on allies, war on science, and war on the labour market. Boosting the rich runs into the wall of already existing unsustainable wealth and income disparity.
The tariff taxes are of course only a conceivable benefit in the very long run, and again definitely not the way he is doing it. He is introducing a supply shock into the economy. The last supply shocks were 1973 and 1979 (OPEC) and the results were stagflation. It took Reagan's deficit spending and relaxtion by OPEC to get out of that, but the deficits have long lasting effects.
I do not see him leaving any kind of enviable economic legacy.
As to his "peace-making", he is not the deal-maker he projects.
Edit history
Recommendations
4 members have recommended this reply (displayed in chronological order):