The Impact Of President Trumps Impact On The Economy

President Trump and his surrogates have been bragging about how well the economy has been doing since he took office. They include the recording breaking stock market performance and low unemployment numbers. The credit for these two economic markers on its face must go to the party in power. Mr. Trump is president and so good economic numbers must be attributed to him—i.e. executive actions reducing regulations, talks about repealing and replacing the ACA, tax reform, and the promise to build a wall to stem the unlawful entry of foreign nationals into the U.S. Three things are concerning about the attribution of credit for the current performance of the economy. It is like the Carrier case having to do with saving jobs that were destined†¦show more content†¦The 0.3 percent improvement in the unemployment numbers has not been attributed to any sleight of hand although the Bureau of Labor Statistics has not reformed its methodology for the current administration. The rise in the stock market and the improvement in the unemployment rate may have caused a rise in consumer confidence, although it might be hard to trace this to any concrete thing the present administration might have accomplished in the past seven months. Perhaps, reversing the regulatory policies of the previous administration has accelerated employment, stock price performance, and consumer confidence. It is not a easy task to find cause and effect in the absence of legislative achievement and economic performance. If you rollback consumer safety regulations, environmental regulator, and regulation of the financial markets, the cost of doing business will decline. This might have the effect of encouraging businesses to hire more people and encourage more investment. Announcing tightening of immigration policies and enforce more restrictive laws might reduce foreign labor competition in the labor market, even if you allow for the possibility that the jobs foreign workers do are shunned byShow MoreRelatedThe Impact Of President Donald Trumps Impact On The Economy920 Words   |  4 PagesSmall developing economies must first become self-sufficient before benefiting from international trade. For example, the owner of a small company wants to make a new car in the United States but he wants to buy the car parts from other countries. He wants to get interior parts from Canada, fuel tanks from Mexico and seats from Germany. He can do business with any country around the world. The owner doesn’t have to become self-sufficient before benefiting from international trade. However, if a smallRead MorePresident Donald J. Trump Essay1711 Words   |  7 Pages(US) and the global community await the inauguration of elected President Donald J. 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