Trump is bringing in >$10 trillion in investments so far. There are estimated to be hundreds of thousands of high paying jobs in the next 1-2 years.
Trump attracted those investments by committing to favorable tax treatments, decreased regulations, infrastructure support expedited approvals and innovations like on site or adjacent power plants.
Those factories & businesses are what will grow the economy.
Again, I understand what you’re saying. The ‘plan’ makes sense on paper, but not sure it accounts for some inconvenient realities. As I pointed out one of them is the weakened consumer who has been beaten down by inflation and sharply rising prices. It may take quite awhile for that inflationary pressure to dissipate.
I agree that the inflows of foreign investments into this country is a positive thing, but it will take time and expansion of our energy production and infrastructure to support the industrial development. As a foreigner, I would be very careful about investing in this country because if Dems get back into power they will reverse everything Trump is trying to do. Very risky situation for an investor.
Bessent is a smart guy but I’ve worked with lots of smart people who couldn’t see the flaws in their own plans. Not saying there’ no chance of it working, but it probably won’t happen as quickly as expected. Just like the tarrif deals which are very complex and have shown to be difficult to negotiate.
Ron and Rand Paul were/are fiscal conservatives.
I prefer Jude Wanniski’s economic thoughts. There is evidence it did work, and was drowned in insane noise by the ComDems.
The Way the World Works (1978)
by Jude Wanniski
ISBN 10: 0465090958 / ISBN 13: 9780465090952
Perhaps it is the definitive book of supply-side economics.