What if it works for Trump? November 24, 2016Posted by WorldbyStorm in Uncategorized.
Listening to Zero Books rather good podcast on Trump one point that was made was that what happens if Trump is successful economically – growth, new jobs.
Oddly enough Barry J Whyte in the SBP made a similar point in a piece on the Trump election.
Talking about how the markets weren’t anywhere near as spooked as might be expected he quoted one commentator as saying…
“What’s happening in the financial markets is they’re looking at the other parts of his programme.” he said.
Infrastructure spending will serve as a major fiscal stimulus to the SU, creating jobs, boosting the covers of US companies and sending the stock markets surging.
“Even Democrats all love infrastructure, and our infrastructure is in woeful condition so that would be a greased goose to the system.”
It’s a thought isn’t it? There’s an assumption that Trump will be a pretty bad President. But perhaps, as in his campaign, it is down to him ‘winning’ in a couple of obvious areas. Mexican Wall redux. Some push on illegal immigration. Jobs aplenty.
How do his opponents counter that? And more to the point what of its broader impacts? A successful Donald Trump could certainly have an influence more broadly, not specifically but perhaps in the shape of right populist politics.
The irony of course being that he is – on the economic front, not implementing left policies, but left-looking policies.
By the way, none of this much helps the global economy according to Whyte’s interlocutor.
For the rest of the world any overspill is unlikely in an era of splendid economic isolation.