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What are the positives if Trump wins the election?
What are the positives if Donald J. Trump wins the election? We’re already seeing positive results simply with him entering the race, such as:Exposing the incestuous establishment Republican and Democrat relationships with the donor class, lobbyists and corporate globalists.Breaking the grip of the mainstream news media on setting the politically correct narrative busting the myth that journalists determine the winners and losers.Bringing attention to the gross abuses of our laws and constitution regarding our current immigration system by this and past administrations, the justice department, sanctuary cities, ICE enforcement and welfare entitlement programs.Highlighting the problem of flooding our country with refugees from nations that don’t hold our same constitutional values and mean the U.S. harm without applying common sense vetting procedures.Describing the travesty that is our foreign policy of appeasement rather than peace through strength. This includes the feckless approach by Obama and Clinton to ISIS in Iraq, Syria and Libya; capitulation to Iran on nuclear proliferation provoking an arms race in the Middle East; and reducing our military strength to levels not seen since prior to WWII.What we would see domestically with a Trump presidency besides addressing the above problems is a much needed focus on our economy. Donald Trump has a revitalization plan for our economy. This includes lowering corporate and personal tax rates and reducing government regulation on business. Repatriation of off-shore dollars held by multi-national corporations alone, once rates are lowered, is estimated to bring two to three trillion dollars back into our economy. Let me go into some detail on these topics that you may not have seen before:Taxes - Trump has developed a tax policy that would reduce the top tax rate from 39.6 to 25 percent at the same time increasing the standard deduction to $25K for single and $50K for married filers. He would drop the corporate tax rate from 35 to 15 percent with a 10 percent rate for repatriation of funds. See the plan here.Foreign Trade Deals - As with all of our foreign trade deals, the promise was more jobs for Americans as well as cheaper consumer products. Instead, we lost jobs. NAFTA resulted in a net loss of one million jobs. When China entered the WTO, another three million jobs were lost. With the Trans-Pacific Partnership (TPP) that is taking place now, the projections are that we will experience two to three times more job losses than what we have had to date from our existing trade deals. Many of Trump’s critics, conservative and democratic alike, have warned his positions will invoke a trade war with competing tariffs on imports and exports. What many do not realize is that China, and many other trade partners, already apply defacto tariffs with a 25% VAT tax on any imported goods. And China cheats. They artificially lower the value of their currency as compared to the U.S. dollar and give Chinese corporations large state subsidies to insure that they remain competitive against foreign counterparts. To compete, a host of other Southeast Asian countries are forced to do the same thing and this is why most of the focus of Trump’s plan is on China. The damage is already done and China relies heavily on trade with the U.S. to support it’s growing economy; an economy that has been built on the backs of U.S. workers. See Trump’s plan here.Healthcare Reform - Trump would propose reforms to healthcare through Congress that would restore economic freedom and free market principles. More than 60% of the Obamacare co-op insurers that offer Affordable Care Act (ACA) coverage have failed so far and more are on the way. The key reason is that what ACA provides is not insurance; It’s welfare paid with taxpayer dollars. And a critical component of the ACA law was not addressed in the rush to enforce ACA involving the taxpayers subsidy of insurance company profits. A bill was later proposed to provide these subsidies but that bill was killed. This did not stop the Obama Administration from funding these subsidies anyway and that has now been deemed illegal by the Federal Courts. As more private insurers fail, we will eventually end up with a bloated, bureaucratic single-payer Medicare system by default that will cause trillions in deficit spending. It’s clear we have not fixed the problem yet as more people lose their healthcare as well as not covering a majority of those uninsured persons that were targeted in the first place. Trump’s reform plan is here.Energy Independence - Trump understands that energy independence is crucial to long-term economic vitality and national security. Fracking is responsible for turning the U.S. from a net importer to exporter of oil for the first time in our history. Yet, the Obama Administration has not allowed fracking on government land nor off-shore exploration and drilling, The coal industry has been destroyed through regulation and the XL pipeline remains unapproved; a measure that would reduce delivery costs from 50 cents to 5 cents per barrel. His policies are here.I’m not endorsing all of Mr. Trump’s statements. However, many of his plans for energizing our economy make sense to me. Economic growth lifts people out of poverty, shrinks our deficit and provides funds needed to make Social Security and Medicare solvent again. It’s remarkable how little the Democratic platform even discusses the economy and the deficit. Their focus is on higher taxes and more spending. In effect, they are for jobs but not employers. This obviously is an unworkable contradiction.It’s clear that there is a large amount of dissatisfaction with our government and the state of the economy. We’re growing on a 10 year average of less than 2 percent when the average for the 20th century was 3.5 percent. The prime lending rate is at zero and the labor participation rate is 62 percent similar to the economic malaise in the Carter era. Consumer spending is down and personal savings are up in the 5 percent range indicating there is a lack of confidence in the future. This is bringing unprecedented numbers of voters to the polls and they are not looking to establishment candidates like Hillary or Bush.
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