Actually Trump's economic philosophy is quintessentially American with roots going back to Alexander Hamilton and the founding of the United States.
Hamilton, the guy who wanted an American monarchy, and argued for lifetime Presidency and Senate?
Yes, such policies are great for a fledgling economy, but they trade that protection for prosperity. They transferred wealth from the citizen to the business sector, so it could succeed. But it's not American to have a long-term goal of making the citizen servile to business.
The American school or National system has been employed by this country from Reconstruction to the 1970s, so it's not some pie in the sky economic theory.
Whoa, those roaring 1970s...let's emulate
them, instead of the boom after we freed ourselves from the shackles! </sarcasm>
Isn't it funny how economies that use protectionism are held back, but those that use free trade tend to boom? The citizens in those economies do better, too, other than the fat cats who benefit on the backs of consumers.
I'd also point out that Trump's got an Ivy league degree in economics, so he's no slouch on the subject in addition to being a very astute businessman.
Funny...your fellow Trumpians blasted me when I pointed out their epithets against Ivy Leaguers would include the buffoon himself. They rightly pointed out that Wharton is not
really Ivy League, as it's just the business school. Oh, I get so confused as to which story to use when!
I don't expect every line item of Trump's plan to be enacted into legislation, but the likelihood of passing a substantial tax reform program that will kick start economic growth, while reforming our trade policy to focus on American jobs is quite high.
Trouble is, we're not in an Alexander Hamilton America now. Remember that thing called the 16th Amendment? That wasn't around in early America, so now we already have a big burden on ordinary Americans. I applaud Trump if he will try to relieve that burden, but his plans to increase costs on ordinary Americans when they're already stagnated is just plain sadistic.
Fascist-style central planning -- where Trump will decide on winners and losers -- might sound good, but if you look at where it has been tried, such as Fascist Italy, the USSR, etc., it has been horrible for the people.
I love my fellow Americans too much to support such policies.