you talking to me like i care what
you got to say...that's da funniest thing so far
go kick rocks b.
Trump gon' have that fossil fuel energy sector jumpin like da trap at da first of da month.
Trump ain't gonna do **** but line his pockets with money through corruption while our economy goes to **** and pollution takes over our breathable air.
sure he is b.....
day one all those coal power regulations, and drilling bans, fracking, keystone pipeline, etc from Obama's executive actions go down da drain..
then TPP gets tossed in da basura.
next, tax reform is gonna pass,
and you can pretty much sit on your *** and have double da GDP growth Obama's ever had in 8 years.
then when NAFTA gets either redone in our favor or scrapped and all that overseas repatriated money comes back after da corporate taxes
go to one of da lowest in da world, we reallllly get to da money.
Let me break this down one by one.
In regards to the energy bans and such. Oil is below 50 per barrel and will probably stay there even with OPEC limiting production. So at that level coal is inefficient. We still produce plenty of natural gas as is and same with oil. Some potential projects will be on hold but that is because the markets are showing the energy prices are low meaning these projects are inefficient. Meaning nothing is going to change much.
The TPP is a mixed bag. We have free trade or extremely low tariffs already with some of these countries. It wouldn't have changed all that much. But by leaving we are allowing China to influence the region which hurts us from a power play stand point. These trade pacts are generally good for people like me who work in consulting and such because we can maximize the benefits for companies. People could have cheaper products. It wouldn't affect jobs much.
In regards to NAFTA, trust me this won't do much. Even if they bring the factories back many will be maned by robots and people like me, meaning the educated like engineers, IT specialists, and consultants. Sorry buddy but the day of blue collar work is done. Get ready to be unemployed by 2022 when all trucking will be automated.
And lastly in regards to taxes. So fine there probably will be a 1 time inflow of 250 billion in tax revenue with repatriations. But when those company bring back that money you know where it'll go to? Stock buy-backs and dividends meaning again people like me with large stock portfolios and 401ks will reap the benefits. Blue collar worker, ehh not so much.
And by my estimates with what you said you were making you maybe will see an extra 2-4K in your pocket. If that amount of money is going to change your life then you have really low standards. Here's he problem tho with your assessment, he's focusing first on tax cuts for business with changes to individuals being on the back burner for now so you really won't see anything until 2018 the earliest. By then we'll probably be in the midst of a mild recession and tax cuts will be off the table because tax revenue will be down again. Automation of work won't change though so guess who gets the short end of the stick again as they look to cut low skilled work again?
You really just don't get it how this works do you.