President Trump and his surrogates have been bragging about how well the economy has been doing since he took office. They include the recording breaking stock market performance and low unemployment numbers. The credit for these two economic markers on its face must go to the party in power. Mr. Trump is president and so good economic numbers must be attributed to him—i.e. executive actions reducing regulations, talks about repealing and replacing the ACA, tax reform, and the promise to build a wall to stem the unlawful entry of foreign nationals into the U.S. Three things are concerning about the attribution of credit for the current performance of the economy. It is like the Carrier case having to do with saving jobs that were destined …show more content…
The 0.3 percent improvement in the unemployment numbers has not been attributed to any sleight of hand although the Bureau of Labor Statistics has not reformed its methodology for the current administration. The rise in the stock market and the improvement in the unemployment rate may have caused a rise in consumer confidence, although it might be hard to trace this to any concrete thing the present administration might have accomplished in the past seven months. Perhaps, reversing the regulatory policies of the previous administration has accelerated employment, stock price performance, and consumer confidence. It is not a easy task to find cause and effect in the absence of legislative achievement and economic performance. If you rollback consumer safety regulations, environmental regulator, and regulation of the financial markets, the cost of doing business will decline. This might have the effect of encouraging businesses to hire more people and encourage more investment. Announcing tightening of immigration policies and enforce more restrictive laws might reduce foreign labor competition in the labor market, even if you allow for the possibility that the jobs foreign workers do are shunned by
Trump’s “100-day action plan to Make America Great Again” was filled with many plans, one was a hiring freeze and “it was the second of six measures” it was made to fix “the corruption” in Washington, D.C” (Davidson). This idea is going to create longer lines at federal offices due to the lack of personnel not to mention the decrease in quality of service due to a lack of unqualified personnel. This freeze in Federal hiring has also been done in past presidencies including Reagans and also had no positive outcomes. The intent
Trump plans on boosting the american economy by reforming policies with a pro-growth tax plan, introducing a new modern regulatory framework, passing an America-First trade policy, and introducing “penny plan”, which is a budget goal that Trump wants so he can help decrease government spending everything except
You pointed out how the Great Recession also affected the inmate with mental health or substance abuse issues. This is a very important factor because many people including myself, focus on the major hits caused by the Great Recession such as, unemployment and the housing market crisis. The inmate mental health population had many hardships with getting needs addressed prior to the Great Recession. The Recession however, could only have intensified the problem. Inmates are not looked upon as tax paying citizens and their needs are often overlooked or not addressed entirely.
Since its conclusion, the 2016 presidential election had proven itself to be one of the most unprecedented elections cycles in recent memory Republican candidate Donald Trump, a self-proclaimed Washington outsider, scored an electoral victory of Democratic candidate Hillary Clinton earning him the role as 45th president of the United States. Though Donald Trump was criticized for polarizing the electorate with rhetoric seen as discriminatory, the building of a wall on the United States-Mexico border and banning Muslims entry to the United States, it is inarguable to claim that his rhetoric on economic matter was divisive. In matter of speaking, it could be considered quite appealing. For many in the electorate, just the simple conversation
In the article “The Brutal Economic Truth Behind the Rise of Trump” Anthony Mirhaydari sides with Donald Trump and discusses how he is a good candidate. He argues that although he may be loud, obnoxious, and have very radical foreign policy ideals he still is not an awful choice. He brings up the quotes, “It's the economy stupid” which was coined by James Carville during Bill Clinton's political campaign while he was running for president. He states how people will gravitate and make their main decisions on the economic policies of each candidate. He understands the self interest in human nature and how people want to secure their own personal economic situation before they deal with foreign affairs such as the immigration problem. People will almost always vote for who will help out their economic situation the best and the author feels that Trump has a solid plan and a good grasp of what the problem is.
The blue-collar worker’s paycheck is dependent much on the factories and mines jobs, but those jobs are slowly going away because of the new types of businesses that have opened up today. The new businesses now require at least a college degree and some years of experience. Out of desperation the white men and women without a college degree made up a third of 2016 electorate (Tankersley). Three-quarters of the uneducated population said that the economy was pretty bad and had seen little to zero improvements on their financial situation. Two-thirds said that they preferred Trump to manage their economy rather than Hillary Clinton (Tankersley). This analysis was because of Trump’s idea to deport the immigrants that are taking their jobs away. That ideology was the spark that leads him to gain many voters on his side. Trump promised the working class whites that he would restore the old industrial economy. He said that he would accomplish that by renegotiating trade deals and tariffs on imports by deporting immigrants, that would help reduce competition from the native-born workers. He also promised economic growth from tax cuts, deregulation and more drilling (Tankrsley). However, Trump’s ideas on tariffs will technically not bring back jobs because he relies on unreliable sources and is always inconsistent with his
As president of the United States, the public often believes that the nation’s leader can control the economy. However, while the president may have some influence over the economy, having control over the economy is far from truth. In fact, more often than not a president’s influence over the economy is more subtle and difficult to measure until years after the president has left office. The president is given the responsibility of appointing members of the Federal Reserve Board who are subsequently approved by the Senate. The Federal Reserve Board is responsible for much of the monetary policy which governs the central banking system if the United States controlling interest rates, the money supply, and overseeing the Nation’s banking system
Everybody says that Donald Trump keeps ridiculizing himself for the whole nation to see and has a tendency to speak without thinking. As a matter of fact, we all thought this was just a publicity hoax going on and we'd move on after a while. As months go by and while many still mock him in the news, there's no denying he's ascending in the polls a dominating the Republican field. I believe Trump will win, despite the absurdity of the conception. I will demonstrate my thesis with three ideas in this essay, starting off with his impact on the US economy, continuing with his demands and finishing with his image in the media.
The 2016 presidential election is arguably one of the most important elections of our lifetime. Both the democratic nominee, Hilary Clinton, and the Republican nominee Donald Trump claim that their policies will increase job growth, as well as the overall gross domestic product (GDP) in America. Some of the clearest domestic policy contrasts between the two candidates involves energy and healthcare. Economically, Clinton and Trump differ on taxes and immigration. Between the two candidates, Trump’s economic plan would more likely result in higher economic and job growth, than that proposed by Hilary Clinton. In fact, Trump claims that his economic policy will result in 25 million new jobs. Trumps plan includes lower taxes, penalties for companies that move overseas.
They 're sending people that have lots of problems, and they 're bringing those problems with us. They 're bringing drugs. They 're bringing crime. They 're rapists. And some, I assume, are good people." Although Trump and many other Americans may assume that, how much of it is true? In an article that I researched, Rich Furman, thinks otherwise. He states “For instance, business leaders have often been outspoken about the importance of undocumented workers to their industries, and to our overall economy” which proves that illegal immigrants are important in many ways, and in this case it shows that illegal immigrants are a great impact to the economy (Furman 284). After reading this statement it led me to believe that not only are industries like construction and manufacturing growing which in my opinion is benefitting the economy, but at the same time unemployment rates have decreased around the nation which an improvement is being made especially since the numbers are so high.
• As previously stated in the executive summary, the United States’ economy is currently stagnating. From week to week we may see a rise in one indicator while there is a fall in another indicator, but none of the rises or falls are drastic enough to have an overwhelming impact on the economy as a whole. Although the economy is not near as strong as it was before the 2008-2009 recession, arguably one of the biggest economic crises of the past decade, there has been much growth and strength throughout the past few years with this year being the first year in which the economy is in somewhat of a holding pattern. I believe, that even with the little growth and movement of the United States economy over the past year, it is still perhaps one of the strongest economies in the world at the moment.
The 2016 Presidential Race will come to a close on November 8, 2016. In te meantime, while you decide on who you're going to give your vote to, it's important that you learn who to (or not to) vote for.
In short, the larger the tax cuts, the larger the deficits, the larger the deficits the larger the debt that is incurred to offset the budget deficit. The Committee for a Responsible Federal Budget, a non-partisan organization put out an article talking about the impact of the tax plan that Donald Trump is proposing. In the article titled How Much Will Trump's Tax Plan Costs it says, "Based on what we know so far, the plan could cost 3 to 7 trillion over a decade- our base-case estimate is 5.5trillion in revenue loss over a decade." Either way, the tax plan presented by Donald Trump, even with the best case scenario it is a loss of $3 trillion in revenue. The more revenue the government loses from tax cuts, the more the deficit and debt
Exactly the type of comments I had hoped he would refrain from making. If he would have left his NATO comments out, he's speech would have been more powerful. Despite what Trump thinks there are many Republicans that don't agree with abandoning NATO. Yes, other NATO nations must step up their contribution to actions across the globe. I am tired of seeing the US pay for nearly everything NATO does. However, abandoning it should be a last resort.
There have been many polls analyzing which issues the public was most concerned with in this presidential election and all of them had jobs or economy as the chief concern and Donald Trump made many promises concerning