His policies:
Drill!
Reduce regulations on drilling. Goal is to reduce energy cost and by extension the cost of goods.
That's the drill baby drill proposal
Oil prices are low, the US is energy independent already, and we pumped more energy in 2024 than any year in our history!
Administrative State Reduction:
Repeal many of the Biden era Climate regulations and DEI supported programs that add undue costs to consumers
DEI is dying in the marketplace, but I’m sure it’ll be a cause for a victory lap.
Not sure bashing the climate agenda is going to be a big winner with many, especially those independents, but who gives a fuck when you’ve just won your last election and you own Washington, eh?!
Border Security:
This is a double edged sword. It might increase workers cost when businesses can't hire cheap labor. But it might also increase American wages.
Expect the old Border Security Bill to be resurrected, with a Trump tweak or two, and be enacted as an easy “Trump win.”
He doesn’t care about the wage impacts on immigrants or Americans, because most can’t follow a through line beyond the end of their nose or the 5 second sound bite!
Tariffs
The use of tariffs doesn't strike me as particularly wise. But if used as a tool to bring other nations to the table, the better.
Everyone, except Trump it appears, knows tariffs are inflationary and paid by the consumers, not the country being targeted, especially when it’s your biggest, most needed trading partner.
Trump’s timing is good, though, because Xi is looking for an economic rebound. That rebound will come from the exportation of Chinese goods to the US.
Wonder if we will see the ban on Chinese EVs lifted now that Musk has not only bought the ear of the President?! HAHA!! But, Musk’s pittance spent on a Trump victory is a small investment which has probably raised the IPO value of SpaceX by billions of dollars. Wonder what Trump’s butty is on that?!
All together, I think the economy will become better. But unfortunately, most here will simply claim it was the great work of the Biden/Harris coming to fruition.
And, rightly so, because facts matter, and all the facts point to Biden/Harris coattails being long and lucrative for Trump.
He will even use the improving, growing, lower interest rate economy as a Laffer Curve argument for extending the current lower taxes on the wealthy, and possibly even lowering them further.
I’m also expecting that now he has a significant stock market and crypto presence, that crypto is going to become less regulated and more easily traded, and he is going to lower capital gains taxes, too.
ALL of these things are also goid for me personally, but of fuck all use to Cletus who voted for him!
In short, we are going to lose many of the opportunities the Biden (let’s face it, she didn’t have much to do with it!) economy is creating by frittering away the money and repeating the same old mistakes that, sometime later, my kids and grandkids are going to have to fix!
