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| Economy |
| Trump's Path to Mount Rushmore |
| 2016-12-02 |
| h/t Instapundit ...There are many ways a Trump administration can fail, and the President-elect faces the most challenging international environment since the end of the Cold War, but after so many failed prophecies of Trump failure, it’s at least a worthwhile mental exercise to speculate on how a Trump administration might actually succeed. There have been plenty of presidents in the past who came into office hated and scorned by the establishment who still made a mark on American history: Harry Truman, Andrew Jackson and Abraham Lincoln come to mind. What could make a Trump administration work? ...The Trump administration will double down on shale. Skeptical of climate change, dismissive of most environmentalist handwringing, the Trump administration will view energy production as a simple win. Look for concerted efforts by regulators to open the taps on energy. Trump, never blind to the appeal of pork barrel spending, is unlikely to close down the renewable gravy train completely -- especially the farm-friendly ethanol racket -- but we can expect his administration to do as much as possible to encourage new production, new pipelines and new refineries. Regulations and tax policies are likely to be tweaked in ways that support production. ...Trump’s popularity at home is likely to depend in large part on whether he can revive blue collar jobs. An energy boom offers the best prospect for growth in manufacturing jobs. Much of America’s new energy bounty comes in the form of natural gas; this has significant implications for America’s future industrial development. Natural gas can be exported, but it has to be liquified first -- and that adds significantly to its cost. American manufacturers in energy intensive industries can expect secure supplies of natural gas at lower costs than their competitors in Europe or Asia will pay. That matters to blue collar workers; the energy rich United States is becoming significantly more attractive as a manufacturing site for large, energy (and job) intensive plants. ...If he succeeds, and the outlook for blue collar America improves over the next four years, millions of voters in 2020 are likely to think that Trump has kept the promises that matter most. Since many African American and Hispanic voters would also benefit from rising demand for blue collar workers, Trump might well run stronger with minorities four years from now. |
| Posted by:g(r)omgoru |
| #1 Remember how the Dems were certain Capt. Zero would appear at Rushmore? We must be careful not to buy in too much with Mr. Trump. Yes, I voted for him, but he will at some point, if he is doing the job right, disappoint us all. This is a "No Hubris Zone," right? |
| Posted by: Vast Right Wing Conspiracy 2016-12-02 09:11 |