Posted on 05/26/2016 2:31:06 PM PDT by InvisibleChurch
For those who remember the record-breaking era of economic prosperity that was the Reagan years, you will be happy to learn that the Team Trump is at this very moment receiving advice from some of the most influential economic policy advisers who helped shape that Reagan-era success.
Names like Laffer, Moore, and Kudlow were once synonymous with an America that saw itself push back from the deep doldrums of the Carter economic morass, and Team Trump, with the encouragement of Trump campaign supervisor Paul Manafort, is now working to bring a version of that 1980’s success to 2017 and beyond.
“American jobs for American workers.”
So goes the mantra inside the still-developing Trump economic platform. Job creation is rivaled only by the subject of national security as priorty #1 for the New York billionaire – and now Arthur Laffer, Stephen Moore, and Larry Kudlow are all on board helping to see that job creation goal go from the realm of hopeful to reality and doing so by eliminating top tier tax deductions and most importantly, expanding the tax-payer base while delivering much-needed tax relief to the long-embattled American Middle Class.
(Excerpt) Read more at dcwhispers.com ...
I spent 35 years of my life doing business with small business owners. I worked for 2 privately held companies. I know what they are and I know what Home Depot is. There are still very successful independent businesses.
The Corporate decision makers affect their businesses to the point where they cannot stay in business.
No corporate decision makers (especially the Multi Nationals) are Global Fascists who have bought politicians to regulate entire industries out of business. But that strategy is backfiring on them too. They are not Capitalists, they are Fascists. They hate competition.They spend all their time figuring how to eliminate competition.
See how that works?
Yes, I see how it works. I have seen for many many years.
You earlier called me a BSer and a know Liar. I think you have a serious problem. And you never answered my question when I asked you what government job you have.
Your insults belong on one of the Left's sights. It is incompatible here.
Edmund Burke's detailed analysis of the amazing state of commerce in America at that late-1700's date, as well as his attribution of the causes of that economic activity to the "spirit of liberty" of the colonists, certainly attest to the progress of those rugged and independent inhabitants of America, unfettered by heavy-handed government regulation and intrusion.
One thing that concerns me is the impact of the price of debt servicing if the interest rates return to anything like normal. The debt has increased so much at artificially low interest rates that going from this to historically average rates would immediately add about $800 Billion to the annual deficit - shocking the economy, and especially the markets - which will also be taking a beating by there being alternate investment opportunities for the first time in a decade.
It has to be dealt with, but there’s going to be a lot of grief for that.
Unfortunately, the regulatory costs of manufacturing in the current U.S. environment, make much of it prohibitive without genuinely huge incentives.
He know how to find experts.
It’s all of a piece. Getting a clean slate on regulations, which will also require creative re-locating of thousands of bureaucrats, and tax reform, along with CUTS to welfare system and disability fraud and pushing right-to-work against union backlash.
In the past, all of these issues together have made it easier for manufacturers to go elsewhere than fight to improve the manufacturing and business climate here. By forcing them to manufacture here, and picking the low hanging fruit of over-regulation and tax reform, we can get them to restart manufacturing here. The ramp-up of requiring more and more local manufacturing will provide the incentives for the business community to engage in the process of reforming all those government hindrances.
Unfortunately, we cannot afford the carrot of grants, loans, and tax credits, so we will have to use the stick. When Reagan offered the carrot to save US Steel, they took the carrot but still closed plants and bought other companies with the money.
Until American manufacturers are required to actually manufacture HERE, they have no incentive to fight for regulatory reform or tax reform.
Indeed, they have every incentive to make local manufacturing as costly as possible so their foreign manufacturing plants can keep their advantages. The local manufacturers are now their COMPETITORS.
I agree. What are supposed to have instead? Demand side economics? Isn't that what we have now, or an infusion of it? If supply side is dangerous now, then is just proves that the problem is much bigger than that.
Union workers represent just 10% of the manufacturing workforce in the USA and it is falling.
Pure propaganda. I do not see corporation petitioning congress to deregulate. Why? Multinationals love those regulations because it give them political cover to off shore for slave wages. Fools like you spreed that propaganda for them!
Bingo! Well said.
That might be, but do we really want to go down that rabbit hole? I'd give some serious thought to the potential unintended consequences of giving the government that kind of power.
Tariffs are in the Constitution and were used to fund the Federal government between the years of 1789 to 1913. That "rabbit hole" is well worn and works every time.
A tariff might be an incentive to manufacture domestically, but it does not impose a requirement. That's an entirely different kettle of fish.
Beyond that, the power to impose tariffs was granted for the purpose of raising money to run the government.
There are a lot of things like this that concern me. The treasury has been used repeatedly to buy votes, and the self-interested self-promoting selfish group of people who have populated public office over the past several decades have created a horrible mess. Things that could have been fixed with standard remedies previously are going to be much harder to fix now. I look at this like a localized malignancy that would have been easily surgically resected early on, but was let go to the point at which it metastasized to multiple places and is now only treatable with very toxic chemotherapy. I'm not sure there are any easy fixes at this point, or whether those things that have worked previously are going to work sufficiently well now.
Along those lines, I heard Greenspan speaking yesterday about the debt, the fact the population is aging, and that we have more and more people partaking of entitlements - while our productivity is not rising. He contributed to this, IMHO, but that's another story.
The only way out is a real tariff. But we will try everything else first.
He's changed his tune. He's turned away from that position.
Trump is the best!
Only Trump can save America and he will if elected
What would a disability claims office look like if either of them one; starkly different from each other.
It also taps into the image of Trump as the new Reagan, without relying too heavily on nostalgia as Hillary did with “my husband will be in charge of the economy!”
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