By Free Republic | Created at 2024-11-18 17:17:56 | Updated at 2024-11-24 00:41:15
5 days ago
Can Trump Accomplish His Lofty Goals? Let’s look at three of them and their chances of success
American Thinker ^ | 11/18/2024 | John Kudla
Posted on 11/18/2024 9:09:26 AM PST by SeekAndFind
It’s the dawn of a new era for the Federal Government. At least, we hope so. Donald Trump has been re-elected, and Republicans control all three branches of government.
Thus far, it looks as though Trump is off to a strong start. His staff is already preparing a deluge of executive orders to undo much of the damage Joe Biden did by the same process. Trump’s Cabinet is also taking shape. From what I have seen, it may contain the youngest, most capable group since President Kennedy’s famed Whiz Kids in the 1960s.
The question is whether the Trump administration can accomplish any of the lofty goals it has set for itself. Let’s look at some of them.
Reforming the Federal Government
This may be the most challenging yet most necessary objective of them all. Federal bureaucrats have slowly usurped Congress’s power and established themselves as an unelected and uncontrollable fourth branch of government.
It is time for these people to go. Enter the temporary Department of Government Efficiency, which I have nicknamed the Canning Factory. If there is waste in the government, hopefully, Trump’s two manic revolutionaries, Elon Musk and Vivek Ramaswamy, will be able to expose it. Then it is up to Trump and Congress to do something about it.
The goal is to cut two trillion dollars out of federal spending. Unfortunately, I doubt they can do it. As many others have suggested, the reason is that most of the money is tied to Social Security, Medicare, interest on the debt, and the Defense Department. Many other pet programs and pork projects could run into resistance from Congress. Unless Trump is willing to tackle entitlements, the goal may be unreachable.
I would rate their chances at cutting $250 billion at 90%, $500 billion at 50%,
(Excerpt) Read more at americanthinker.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: government; reform; trump
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1 posted on 11/18/2024 9:09:26 AM PST by SeekAndFind
To: SeekAndFind
CHANCES OF LOWERING THE PRICES OF EVERYDAY HOUSEHOLD ITEMS...
Trump can do several things to ease inflation. He can impound unspent money from the various Democrat spending programs and ask Congress to cancel others, reducing government spending.
He can also end the war on fossil fuels and encourage drilling for oil and natural gas, hopefully increasing supply and lowering the price. Since fossil fuels are utilized in almost every part of our economy, lowering the price of fuel, fertilizer, and petrochemicals helps reduce the cost of nearly everything else. Once inflation is under control, the Federal Reserve Board can lower interest rates.
Unlike Joe Biden, Trump has maintained cordial relations with most world leaders. The key player here is Prince Mohamed bin Salman, the leader of Saudi Arabia. If Trump can persuade MBS to increase Saudi oil production, prices will decrease faster than if the U.S. tries to do it alone. This could also reduce the influence of Iran in the Middle East, which is something the Saudis may support.
Another tenet of Trump’s economic policy is using tariffs or import taxes as part of economic policy. He clearly understands the power of money. Why use military force when you can use financial power to get what you want? The one thing you don’t want Trump to have when negotiating a deal is leverage. With tariffs, he can control access to the world’s richest commercial market, the United States, which means he has tremendous leverage.
Critics say tariffs will raise prices and fuel inflation. However, that occurs only if they are implemented. The threat of tariffs is usually enough to get other countries or businesses to do what Trump wants, including removing their tariffs on our products. He plans to reduce the business tax rate to 15% and then threaten tariffs to persuade businesses to manufacture products in the U.S. and rebuild our industrial base.
I would rate the probability of reducing prices at 50%, rebuilding the economy at 90%, and levying tariffs on someone at 99%.
2 posted on 11/18/2024 9:10:52 AM PST by SeekAndFind
To: SeekAndFind
RATE HIS CHANCES OF...
* STOPPING THE WAR IN UKRAINE
* DEPORTING MILLIONS OF ILLEGALS
3 posted on 11/18/2024 9:12:00 AM PST by SeekAndFind
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