Topic: Trump policies would slow down economy - page 2. (Read 264 times)

Actually, in Trump's first presidency, he didn't do anything at all significant with China: he was constrained by Congress and didn't control his party like he does now.  In fact, Biden has been tougher on China and Trump ever was.

Trump and his economic team are taking it to the next level this time, and it has nothing to do with economics, and everything to do with "cultural issues": he needs to show his voting base that he is going to make "those people" suffer.

Tariffs are a tax, plain and simple. Trump wants to raise them.



Nope, that doesn't work since Republicans are against every other policy that would increase or population--say like other countries are doing--such as subsidizing young parents who want children. Only the Democrats are doing that.

Regardless, Trump is talking about deporting 11 million people immediately and any kind of policy solution to population would take at least 30 years to have any real effect. The US is net-negative in population growth without immigration, and these days all developed economies work the same: the young pay for the retirements of the old. A negative population spiral--which is what the Republicans would achieve--would spiral our economy downward too (hence my analogy above of the... toilet).


Bitcoin went up 500% under president Biden. If they are supposedly "hostile", then they would not be the case. The US has the most hashrate, and most retail investors into Bitcoin.

Trump did not "promote growth and capitalism", and there again you are simply substituting the now-obsolete "Republican" brand for actual present-day evidence. The Republicans are a nationalist party, not an economically conservative one.

Harris, on the other hands, spoke of promoting small business yesterday, allowing people who create new businesses to write off the first $50k in order to get started. That sure doesn't sound very "socialist" to me. Instead it sounds like a politician trying to solve actual problems of growing our economy.

I think quite the opposite, Democrats are hostile towards Bitcoin & always have been. It’s far mote likely that Bitcoin will be allowed to prosper under a Trump administration. He promoted growth & capitalism, it’s the total opposite if Kamala wins. The problem is we look like a recession is coming regardless of who wins in November.

It may be a little bit conspiratorial from me, but there is a theory which says the Republican party is seeking to make people from the United States to lose access to planned Parenthood and thrus, increasing the population of people who are already part of the nation, reducing dependence of the USA economy of inmigrants.
Though, it is something which has not been completely checked as a fact, so it remains as speculation.
Trump's plan for the USA is basically turning into an isolationist state, which is pretty much contrary to what the United States have stood for from the beginning, I also believe it would be almost impossible to reach such a point in which USA would not be so dependant on China, after all the USA market likes to have all that cheap labor and technology at their disposal.

Trump started a fierce trade war with China. It was believed that it was the US that was making the Chinese economy blossom, so Trump needed to reduce their global economic influence. He imposed more taxes and encouraged American industries located in China to relocate to the US. He believed it would create more jobs and bring the Chinese economy to its knees.  I don't know how far this policy went but I think he was securing the US economy. If the US can seek other trading partners, it will be good because there is no end in sight to the war between China and the US.

Trump's immigration policy is weird. The US will also need immigrants because it has a very big economy. Deporting immigrants will affect the workforce negatively. The US should focus on the war against narcotics and make flexible immigration laws. I prefer Harris' immigration policy because it represents the ideals of American society.

Periodically, Trump's future looks a little grayer. Kamala Harris is moving ahead in various survey and popularity and the support of former high profile people is increasing. But much of politics is still left.

https://thehill.com/business/4861677-goldman-sachs-trump-impact/


I get that there are some--especially foreigners--who don't know much about present-day US politics and only know that in decades past that the Republican party was the "conservative" party, and the one that typically made things better for business here.

That's not the case anymore. Trump is promising radical change to the US economy, and changes that could send the US economy--and thus the price of Bitcoin--into the toilet.