POLITICS: Trumpmaganomics by Lawrence Kadish – USSA News

The new economic policies of President-elect Donald J. Trump promise to include his campaign pledge to “Make America Great Again.” Just a few months ago, commentators were assessing that the Biden administration’s greatest ambition was “managing America’s decline.” What a difference a day makes: November 5, 2024. Trump, a businessman, appears to have a good grasp of most domestic and foreign policy issues that greet him at the stable door. He has already been overflowing with ideas — such as refusing to allow a hostile Communist China to control the Panama Canal, as it presently does; and aligning more closely with Greenland and Canada to provide the northern hemisphere a stronger foothold to safeguard its security and prosperity and that of the Free World.

In securing America’s financial future, Trump’s maganomic policies appear to turn on three points:

Making American not just energy independent again, but energy dominant. Making use of the “liquid gold” America has under the ground would not only enable Americans to buy just about everything at a lower cost than, as now, unnecessarily relying on expensive imported oil for manufacturing and for transporting goods and oneself. Using American energy could at the same time undercut the price of oil exported by America’s adversaries, such as Russia, Venezuela and Iran, and make them less able to conduct wars and other mischief.
Offering generous tax and other incentives, and removing obsolete regulations, to ignite the economy’s “animal spirits” so that more companies would relocate to America. Once again, “Made in America” would become the hallmark of excellence, affordability and abundance. What other country protects its businesses, workers and investments more comprehensively than the United States? The country is not just a haven for jobs and productivity, but also ensures that America will no longer naively misplace its trust in countries that intend to replace the current world order and, at whim, potentially deprive Americans of medicine, computer chips, and other necessities.
Lowering taxes for everyone while trimming excess fat from unwarranted expenses. This plan does not of course mean depriving the less fortunate of their safety net or demolishing social security. What the plan does mean is that Americans will be able to keep more of their hard-earned money to decide themselves how they would prefer to spend it. At least US citizens would know that the taxes thy are compelled to pay would fund projects they actually want or need, instead of vaporizing for “shrimp on treadmills,” “hamster fights” or more than $1trillion each year – greater than the entire proposed US defense budget of $849.8 billion — just to pay interest on the more than $36 trillion national debt. The US government, according to CNBC, each year wastes more than $247 billion, adding that “The problems mainly stem from the way our government tries to solve an issue, according to critics,” and quoting Tom Schatz, president of Citizens Against Government Waste: