Trumponomics Is Killing American Prosperity

Trump has touted his alleged business acumen as a major value add for the American people. He calls himself the ultimate deal-maker, and promised many times on the campaign trail to put that magic touch to work once he got into the Oval Office.

Frankly, the struggling Commander-in-Chief is desperate for some kind of a win. As he has flailed about trying to learn the basic rules of how government and democracy work, even the smallest tasks have tripped up the Trump team.

It’s apparent from his views on women, minorities and immigrants that this is not a social justice president, but at least he’ll manage the economy well, right? Economists and business leaders alike seem doubtful of that.

When Trump decided to begin the process of withdrawing from the Paris climate accord, it wasn’t only a majority of his country’s citizens, politicians and world leaders that disagreed with him. He was also acting against the advice of American business leaders, with the most surprising company on the list protesting his withdrawal being Exxon Mobil. It seems even the oil and gas industry has to admit that hurricanes, droughts, forest fires and cities sinking into the ocean aren’t great for business or the economy at large.

Fortunately, other leaders at the state and municipal levels are stepping up to the plate. But in the wake of Trump’s actions, it is American workers who risk being left behind. French president, Emmanuel Macron, has invited U.S. scientists, engineers and entrepreneurs to move to France and bring their innovations with them.

And he didn’t make an idle tweet, as Trump might have. This is an experienced and competent government leader, and the program to sponsor U.S. climate and technology experts in France is already underway. Oh yes, and China is also jumping into clean energy with both feet. Apparently it’s not a hoax and they weren’t behind it. Both countries are working to build green industry as Trump makes noises about coal a generation too late.

What’s next for the business president? Well, despite their many setbacks in doing so, Trump and congressional Republicans still seem to be working on just one thing: destroying the Affordable Care Act (aka, “Obamacare”). In his vague way, the president has repeatedly claimed without facts or specifics that the program is a disaster for the country and its citizens. Those same citizens are overwhelmingly against a repeal and replace. But maybe economic expert Trump knows better. What’s the economic upside to millions of Americans dying from preventable medical problems? Increased funeral home revenues?

Actually, not everyone will necessarily die. Author Kameron Hurly 1) narrowly avoided dying from undiagnosed type one diabetes caused by an autoimmune response due to her poor health insurance and subsequent lack of good healthcare followed by 2) narrowly avoiding dying from an inability to afford insulin and testing strips due to the same poor or absent health insurance. It’s a good story that I recommend reading in full that describes the pre-ACA America some younger readers may not remember.

But the happy ending, such as it was, involved getting a job with good health insurance just in time to avoid dying in a gutter when her credit cards maxed out. This leads to a phenomenon known as job lock, wherein those people who might be inclined to be entrepreneurs or inventors or artists choose not to innovate because they don’t want to risk getting sick without a company health insurance plan. This article in Modern Healthcare suggests a lot of innovators could be diving for the cubicles if Republicans finally manage to dismantle the ACA.

Is that lost employment from new small businesses and growing industries resulting from new product innovations the only effect? No, the repeal of the ACA could also hobble the health care industry as an employer, according to reporting by the New York Times, and Business Insider quotes Federal Reserve Chair Janet Yellen who confirms that possibility while also suggesting there could be broader effects on the economy related to decreased discretionary spending.

So, there could be some major problems if people’s healthcare is taken away and it is not replaced with a system that is at least as good at ensuring coverage, and this doesn’t just apply to people who get sick.

So far Trump doesn’t seem like a great deal for people living the United States. Millions of people’s livelihoods are being threatened by his policies. But it’s not like he hasn’t every done anything positive. Didn’t he save a few hundred jobs at that Carrier plant? Oh, wait.

Hang on America, it’s going to be a bumpy ride.

Photo Credit:Gage Skidmore

84 comments

Sarah Hill
Sarah Hillabout a month ago

But Obamanomics didn't? Really? Then why could my hubby not find a job? We were too young for Social Security. We lived on only his pension for years! It was very tight!

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Carl R
Carl R3 months ago

Thanks!!!

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One Heart i
One Heart i3 months ago

Thanks!!!

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Margie F
Margie F3 months ago

Okay

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Dan Blossfeld
Dan B3 months ago

And yet, the economy just keeps on rolling along.

https://www.reuters.com/article/us-usa-economy-poll-idUSKBN1AR0G4

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Tanya W
Tanya W3 months ago

Trump is a bully and wouldn't know which way was up!!! He's all mouth and no trousers and he thinks the world is his stage

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Tanya W
Tanya W3 months ago

Thanks for sharing

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Tanya W
Tanya W3 months ago

Noted

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Colin Clauscen
Colin C3 months ago

Thanks

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Peggy B
Peggy B3 months ago

TYFS

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