Donald Trump often warns about an imminent economic collapse. His rhetoric suggests that our economy is vulnerable and running on fumes despite stocks having experienced impressive gains, unemployment at near historic low levels and having successfully avoided predicted recession.
Analysts generally predict that Donald Trump’s second term as president will bring with it an increase in Republican foreign policy establishment initiatives to undermine China while abandoning America’s allies.
What Does Donald Trump Mean?
We’ve done extensive reporting on Donald Trump and his team as they prepare to assume a second term, with it becoming evident that they hope to expand executive authority significantly.
As part of their effort, they plan on setting up a detention system near the border that would enable them to bring in large numbers of individuals without hearings or trials, and create camps in Texas for holding immigrants pending deportation proceedings.
They’re also making plans to rid themselves of thousands of federal employees and replace them with loyalists, as I mentioned above, while making it easier for the military to use force within the US in times of emergency or natural disasters – coronavirus infections for instance – or simply quelling any unruly city behavior using federal troops as an example.
He Wants to Avoid Being a Herbert Hoover
Donald Trump faces many unknowns in his second term, one of the most perilous being what role he will play in shaping a new China policy. Some among the Republican foreign-policy establishment wish for him to aggressively push back against China as an economic argument against their Middle Eastern and European hawkishness.
But should he escalate the trade war with China, the economy could implode even faster than it did in 1929, harming millions of Americans even faster. According to George Santayana’s famous phrase: Those who cannot remember the past are doomed to repeat it; yet Donald Trump seems unconcerned with past events when warning of an impending economic collapse without considering those affected – yet another instance of his callousness that has made him unfit to serve as president.
He Wants to Avoid a Recession
As people struggle to deal with the economic ramifications of coronavirus pandemic, people across the nation are grappling with its costs while retreating into homes and schools for protection. Yet the White House has deployed top advisers on Sunday morning political shows to state that recession is unlikely.
President Donald Trump’s remarks that he wishes for an economic collapse within one year demonstrate he cares little for millions of American who would be affected. It remains unclear what benefit such statements bring other than to avoid comparisons to Herbert Hoover who was president when stocks collapsed and precipitated the Great Depression.
The US economy enjoyed undeniable gains under President Obama, yet the Congressional Budget Office predicts an economic slowdown ahead. Fed’s tightening has not helped, while Trump’s tariffs have added inflationary pressure. Still, consumers remain spending and unemployment remains near record-lows.
He Wants to Avoid a Depression
Many of Trump’s campaign proposals — such as mass deportations programs, Muslim bans and “freedom cities” built on federal land — could be blocked by Congress and courts during his first term as president; in his second term however, these restrictions will no longer limit him in pursuing ideas that advance his political agenda.
Bankrate survey suggests American consumers aren’t convinced by the economy’s optimistic projections; two-thirds report worse financial outcomes since last year despite its continued expansion.
Historically, economic performance during an election crisis has often determined its result. If it collapses under a president who harbors ideological animus towards it, millions could feel neglected and betrayed while losing faith in the system; that would be an incredible disaster that both Republicans and Democrats must strive to avoid – though it appears unlikely they can.
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