Who is our next president, and what does he represent? These are the questions that Jeffrey Frankel, a professor at Harvard University 's Kennedy School of Government, answers in his article “Who is President Trump?”. Frankel previously served as a member of President Bill Clinton’s Council of Economic Advisers, so he is very biased towards the democratic views on President-Elect Donald J. Trump. Jeffrey Frankel also directs the Program in International Finance and Macroeconomics at the US National Bureau of Economic Research, within which he is a member of the Business Cycle Dating Committee, the official US arbiter of recession and recovery. He goes on to explain the things that Donald Trump promised throughout his campaign for United States
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Trump announced and formally launched his 2016 Presidential campaign on June 16, 2015, at Trump Tower in New York City. Trump stated in his announcement speech ,"So, ladies and gentlemen, I am officially running for president of the United States, and we are going to make our country great again.” Those last five words becoming the rallying cry of his campaign, “Make America Great Again.” Early in his campaign, most people thought his chances of becoming the Republican nominee for the presidential …show more content…
Frankel states that Trumps more fiscal proposals will likely involve big tax cuts for the rich and increased spending on defense and other items. He predicts that this will cause a widening in income equality and an increase in budget deficits. He also believes that it is impossible for Trump to bring back the manufacturing jobs that the US, like all industrialized countries, has lost in recent decades. Yet again Income inequality will likely start widening. Frankel compares Trump to Bush and uses the two recessions that happened in Bush’s time as president to support his claim that a recession during Trump’s presidency is highly probable. He goes on to point out that most of the recessions since the Great Depression began under Republican presidents. The most terrifying is Trump’s foreign-policy front. If he does not handle foreign policy issues correctly we may face some serious strategies. Because both the house and senate are now controlled by Republicans, Trump has the ability to fulfill the promises he has made to his campaign. A few examples are his promise to remove Obama’s Affordable Care Act (Obamacare) and replace it with something else. He can also roll back the Dodd-Frank financial regulations which would allow businesses and banks freer rein. Donald Trump is unlikely to follow through on
Trump announced and formally launched his 2016 Presidential campaign on June 16, 2015, at Trump Tower in New York City. Trump stated in his announcement speech ,"So, ladies and gentlemen, I am officially running for president of the United States, and we are going to make our country great again.” Those last five words becoming the rallying cry of his campaign, “Make America Great Again.” Early in his campaign, most people thought his chances of becoming the Republican nominee for the presidential …show more content…
Frankel states that Trumps more fiscal proposals will likely involve big tax cuts for the rich and increased spending on defense and other items. He predicts that this will cause a widening in income equality and an increase in budget deficits. He also believes that it is impossible for Trump to bring back the manufacturing jobs that the US, like all industrialized countries, has lost in recent decades. Yet again Income inequality will likely start widening. Frankel compares Trump to Bush and uses the two recessions that happened in Bush’s time as president to support his claim that a recession during Trump’s presidency is highly probable. He goes on to point out that most of the recessions since the Great Depression began under Republican presidents. The most terrifying is Trump’s foreign-policy front. If he does not handle foreign policy issues correctly we may face some serious strategies. Because both the house and senate are now controlled by Republicans, Trump has the ability to fulfill the promises he has made to his campaign. A few examples are his promise to remove Obama’s Affordable Care Act (Obamacare) and replace it with something else. He can also roll back the Dodd-Frank financial regulations which would allow businesses and banks freer rein. Donald Trump is unlikely to follow through on