It took time for the economy to rebound when President Reagan took office. I know that was a long time ago and under a different political climate, but both Reagan and Trump had huge messes to clean up. It’s barely been a year. I know President Trump’s hyperbole is a bit much, but patience is the key.
Seems tough to me for anyone to see the improvement in areas where the economy has bounced back. I just read where the debt has improved substantially. We don’t hear about the good news because the MSM needs to report on anything that may make Trump look bad like the immigration laws that were cleaning up. Of course he baits them at every opportunity.
The problem with Trump's hyperbole is it's lack of realism.
It's one thing to have a strategy which takes time to execute. It's another thing to talk about that strategy as if it were already executed when in truth it has barely begun.
Trump's "Golden Age" shtick implies the strategy is done when it isn't. The problem with that sort of pollyannish optimism is that it suggests the administration is not watching closely and making the necessary course corrections that invariably arise with any strategy.
Slightly off topic, but there’s a related question I’ve been wanting to ask you about Empire.
The American ideal is the libertarian-minded policies of our Founding Fathers, including small, moral government, individual freedoms, and laissez-faire economics. Today, we have strayed from that ideal to having 40 trillion dollars in government debt, a huge federal government, and dwindling individual freedoms. With trillions of dollars in derivatives hanging over our heads, the world’s economy is precarious. Peter, have we reached the point where America HAS to become an Empire in order to survive? It’s either that, or the cards come tumbling down?
I know that you’ve given the question of “optimal governance” a great deal of thought, so you are the best person to ask this. You can see the big picture of all the intertwining geopolitics, resources, enemies, etc. Obviously, if we NEED to pivot to seeing Empire as our only chance for long-term survival, that changes our pragmatic strategies - and we pretty much abandon the original American ideals. Has it become that severe?
I understand your sentiment. My perspective is that DJT’s hyperbole may, in fact, acknowledge reality. He has a short season—perhaps as little as two years—to solder the hull of Biden’s Titanic. Compressing intentions and accomplishments into prophetic pronouncements is the DJT way of representing his perspective.
We may not be “in” a Golden Age of American economic rebirth and prosperity. But—lacking bar graphs supporting that notion—there are indications that the Journey to the promised land has begun.
Energy costs are the holy grail in DJT’s quest. He’s righted that particular ship (previously wrecked by Biden/Obama). But, the GOP will need another term at 1600 Penn to leverage the energy sector momentum.
Will they get it?
Uncertain.
But, DJT is taking full advantage of the narrow window in order to “speak it into existence.”
Whether he is remembered as a prophet or ultimately a pariah… time will tell.
I agree, John. I remember the messes Reagan inherited, including 14-18% mortgage rates and a recession that completely tanked my career. You’re right, there is a long lead time for much of the rebuilding and correcting strategies, and Trump’s ideas are a huge departure from the previous administration. We need to be patient.
It took time for the economy to rebound when President Reagan took office. I know that was a long time ago and under a different political climate, but both Reagan and Trump had huge messes to clean up. It’s barely been a year. I know President Trump’s hyperbole is a bit much, but patience is the key.
Seems tough to me for anyone to see the improvement in areas where the economy has bounced back. I just read where the debt has improved substantially. We don’t hear about the good news because the MSM needs to report on anything that may make Trump look bad like the immigration laws that were cleaning up. Of course he baits them at every opportunity.
The problem with Trump's hyperbole is it's lack of realism.
It's one thing to have a strategy which takes time to execute. It's another thing to talk about that strategy as if it were already executed when in truth it has barely begun.
Trump's "Golden Age" shtick implies the strategy is done when it isn't. The problem with that sort of pollyannish optimism is that it suggests the administration is not watching closely and making the necessary course corrections that invariably arise with any strategy.
Slightly off topic, but there’s a related question I’ve been wanting to ask you about Empire.
The American ideal is the libertarian-minded policies of our Founding Fathers, including small, moral government, individual freedoms, and laissez-faire economics. Today, we have strayed from that ideal to having 40 trillion dollars in government debt, a huge federal government, and dwindling individual freedoms. With trillions of dollars in derivatives hanging over our heads, the world’s economy is precarious. Peter, have we reached the point where America HAS to become an Empire in order to survive? It’s either that, or the cards come tumbling down?
I know that you’ve given the question of “optimal governance” a great deal of thought, so you are the best person to ask this. You can see the big picture of all the intertwining geopolitics, resources, enemies, etc. Obviously, if we NEED to pivot to seeing Empire as our only chance for long-term survival, that changes our pragmatic strategies - and we pretty much abandon the original American ideals. Has it become that severe?
I understand your sentiment. My perspective is that DJT’s hyperbole may, in fact, acknowledge reality. He has a short season—perhaps as little as two years—to solder the hull of Biden’s Titanic. Compressing intentions and accomplishments into prophetic pronouncements is the DJT way of representing his perspective.
We may not be “in” a Golden Age of American economic rebirth and prosperity. But—lacking bar graphs supporting that notion—there are indications that the Journey to the promised land has begun.
Energy costs are the holy grail in DJT’s quest. He’s righted that particular ship (previously wrecked by Biden/Obama). But, the GOP will need another term at 1600 Penn to leverage the energy sector momentum.
Will they get it?
Uncertain.
But, DJT is taking full advantage of the narrow window in order to “speak it into existence.”
Whether he is remembered as a prophet or ultimately a pariah… time will tell.
I agree, John. I remember the messes Reagan inherited, including 14-18% mortgage rates and a recession that completely tanked my career. You’re right, there is a long lead time for much of the rebuilding and correcting strategies, and Trump’s ideas are a huge departure from the previous administration. We need to be patient.
And mortgage rates are going down. I get the lack of patience, but again, it’s not even been a year.