Donald Trump knows how economies work. Yes, he’s arrogant and full of himself. So are a lot of people, but at least he does not let these character flaws get in the way of some very good work. His business acumen creates jobs. Obama is also arrogant and full of himself, but he can’t create jobs, and when he says he has, he’s using other people’s money to do it.
In an interview with Newsmax.TV, Trump explains what’s on the line: an Obama second term in the White House would be “devastating for the United States as we know it,” adding ominously that the country would find it “very hard to ever recover.”
I agree. It’s hard to pass laws, but it’s harder to “un-pass” them. Once a law is on the books, even when nearly everybody agrees that it was a bad law, it’s nearly impossible to overturn it. There are too many people who benefit by bad laws. Did you notice how the TSA grew by leaps and bounds so fast? There was purpose in this. Liberals will talk about how many jobs will be lost if the agency is abolished.
Here’s a question: If you could fold a piece of paper in half 50 times, how many sheets would you have and how tall would the stack be?
1. 1,125,889, 990,700,000 (1 quadrillion, 125 trillion, 889 billion, 990 million, 700 thousand sheets of paper).
2. Divided by 200, the number of sheets of paper per inch (5 trillion, 629 billion, 449 million, 534 thousand inches of paper)
3. Divided by 12, the number of inches in a foot (469 billion, 124 million, 961 thousand, 200 feet of paper).
4. Divided by 5280, the number of feet in a mile (88 million, 849 thousand, 424 miles)—nearly the distance from the Earth to the Sun (93 million miles).
Every new law means new regulations and more costs. We have so many that we may never extricate ourselves from the burden. Any more and we may be finished as a free nation.
“Unfortunately we have many threats,” he said. “I think the biggest threat might be bad leadership if you want to know the truth.” Trump believes that stopping Obama is crucial, but the Republicans must offer real solutions. He outlines them in his book “Time to Get Tough.”
For example, Trump argues that dealing with OPEC’s “illegal cartel” and lowering oil prices are key to turning around the U.S. and global economy.
Most of Trumps policy proposals are sound. A few of them are off the mark. Here are some of his best ones:
Tax Reform — Trump favors eliminating the death tax, which he calls “immoral” and “a proven jobs killer.” He wants to lower taxes on capital gains and dividends, and reduce the U.S. corporate tax rate from 39 percent to zero to encourage domestic business growth, and he would levy a 20 percent tax on all companies who outsource jobs overseas. He also wants to broaden and flatten the U.S. tax code, a proposal he calls “the 1-5-10-15 income tax plan.” Those earning up to $30,000 would pay 1 percent in taxes, those earning from $30,000 to $100,000 would pay 5 percent, those making $100,000 to $1 million would pay 10 percent, and anyone making over $1 million would pay 15 percent.
Obamacare — Trump contends that Congress should throw out the president’s Affordable Care Act and start over. “It can’t be reformed, salvaged, or fixed,” he writes in his book. “It’s that bad.” He contends the 2,700-page bill is hurting job creation and actually driving premiums up, rather than lowering them as promised.
I found this one the most interesting, since it’s indicative of this president’s reluctance to give any credit to capitalism:
“[Trump] said that he offered to build a grand ballroom for the Obama White House, so that presidents would no longer have to rely on erecting tents to entertain major dignitaries. He says the project would have cost him $50 to $100 million, but no one from the administration ever got back to him on his proposal. ‘And that’s the problem with the country, nobody gets back to anybody. And that’s why we have a country that’s in free fall,’ he said.”
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