Posted on 01/23/2017 10:26:43 AM PST by Olog-hai
President Donald Trump’s economic plans are nothing if not ambitious: Annual growth of 4 percent — or more. A diminished trade gap. The creation of 25 million jobs over 10 years, including the return of good-paying factory positions.
It all adds up to an immense challenge, one that Trump aims to achieve mostly by cutting taxes, loosening regulations, boosting infrastructure spending and renegotiating or withdrawing from trade deals. At the top of his agenda: Pulling out of the 12-nation Pacific trade agreement and rewriting the North American Free Trade Agreement to better serve the United States.
Yet to come anywhere near his goals, economists say Trump would have to surmount at least a handful of major hurdles that have long defied solutions.
He may yet succeed. But he faces deep-rooted obstacles that have bedeviled presidents from both parties for years. …
(Excerpt) Read more at hosted.ap.org ...
It will be impossible for Trump because he will not be elected....
Oh Wait/s
I can think of some words that the letters A and P stand for AP, but I’d prefer not to be banned.
You Richard Heads.
It’s his first full day in office for crise sakes and the busy bodies are already preening themselves in anticipation of his failure. They are really anti-American! Just leave!
Not worried. Plenty of burdensome regulations to rescind. Lots.
Like building things in New York City isn’t hard.
The economy is in the dumps. He can only do good right now.
In a year, the AP will be writing about how President Trump only succeeded because the brilliance of Obama set him up for success.
From the same people who said he would find it impossible to be elected.
Nothing but a bunch of naysayers who are terrified that Trump will succeed, thereby destroying their liberal narrative and making them look bad.
Always Propaganda.
It appears to me that the AP sees a number of different challenges for Trump. Each of the goals will be “difficult”. But they miss the point.
IF you decrease taxes and regulations, you grow the economy. Basic Supply-side stuff.
IF you pull out of NAFTA and stop TPP, you grow the economy. Basic economic nationalism.
IF you grow the economy, you add jobs.
IF you add jobs, you increase tax revenue.
IF you increase tax revenue, you make progress on the national debt.
One action follows another. Each facilitates the next. It really isn’t hard. All you have to do is start. Trump’s ideas are all part of a basic vision for the country (MAGA) and they are not a random collection of catchy slogans. It has coherence. Something the Progressives seem unfamiliar with.
If we listened to defeatist non sense like what is posted above, we’d be speaking German and Japanese today!
Fixing stuff is haaaard. Maybe we should just throw in the towel and smoke a bowl like the last guy did?
I didn’t read the article, but I don’t have to (I double-majored in Finance and Economics, have an MBA, and have been involved in business for about 30 years).
The bottom line as to why the conclusion here is simply incorrect is: By cutting taxes, cutting growth-killing regulations, spurring the production of cheap American oil, natural gas and coal, by cutting back the amount spent on government operations AND by fostering a positive atmosphere (positive for business, that is), Donald Trump and his administration will EASILY help the US economy to exceed 4% per annum growth. It will take 18-24 months to really see the benefits (assuming that changes to our laws take place by the end of June), but that is just timing - the result is baked into the cake. You just have to look back at the 1980’s to see the benefits of tax cuts and cheaper energy.
The Stupid in the main lame media surpasses infinity.
Old school leftist thinking.
yes, AP, if something is difficult, it’s best not to attempt it at all, especially if one is a charter member of the elitist Uniparty and can safely be re-elected ad infinitum from “safe” districts, and all of that time that’s been freed-up by not attempting “hard” things can be used to attend all of those parties where one can scarf all the caviar and wild-caught shrimp one wants for free.
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