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Someday we will be thanking President Trump

Written By | Jun 6, 2017

Cartoon by Branco. Reproduced with permission. (See below)*

WASHINGTON, June 6, 2017 – Many of President Trump’s statements and tweets make this columnist’s stomach churn. His somewhat abrasive and politically incorrect behavior seem out of place for an American president. In turn, Trump’s detractors, including most of the mainstream media, say very negative and often repulsive things about him.

Most of Trump’s policies are dramatically different from the those of the prior Obama administration. Millions of Americans are fearful of losing their health insurance. The media is highly critical of his withdrawal from the Paris Agreement. And the opposing party has convinced many Americans that the reason Trump won the election was that he colluded with the Russians. (We do know that the Russians tried to interfere with our elections.)

Why we will be thanking Trump
Despite the current frenzy, however, we will be thanking President Trump someday. Trump is attempting to and likely will halt the decline of the United States and reduce the role of the Federal government. Both are currently heading in the wrong direction.

Most Americans cite the economy as their first concern. The current course, set by the prior administration, is one that discourages capital formation and discourages able-bodied individuals to enter the labor market.

Capital formation was reduced during the Obama administration by significantly raising taxes for the highest income earners. By increasing the availability of food stamps and welfare while doling out essentially free healthcare subsidized by most American workers, marginal workers dropped out of the labor force. With less capital and less labor, it is no wonder the economy has been crawling along.

Trump will change that through a fair tax policy that encourages capital formation. Trump’s recently announced tax plan, which will lower tax rates for all Americans, and Trump’s reduction in over-burdening regulations, will accelerate economic growth. He will reduce spending on food stamps and welfare. More able-bodied Americans will enter the workforce and become productive.

With more labor, more capital, lower tax rates and fewer regulations, economic growth will accelerate. More opportunities will be available to more Americans, so we will be thanking President Trump.

Americans will feel more secure
Trump has taken the fight against those sworn to kill Americans and others directly to the enemy. He will use America’s superior might to lead the world in eradicating this horrendous geopolitical mess. Trump will continue to strengthen our borders while trying to pass genuine immigration reform, enabling immigrants that we welcome to freely and legally enter the country.

Trump is also attempting to change a policy that the U.S. has pursued for a hundred years. That is, after a war, the U.S. has typically agreed to leave behind a permanent American military force our allied countries, such as Germany, South Korea and Japan. This is to ensure their safety which is clearly in the interests of the U.S.

The U.S. has also entered into an agreement with NATO to form a military alliance in case any member is attacked. NATO currently has 29 members. Five pay their designated share of the cost. The U.S. picks up the considerable slack.

Trump has said that the U.S. wants to maintain these military alliances. But he wants the other countries to pay their fair share of the cost. Americans will thank Trump for that, since it will save taxpayers billions of dollar each year.

Pulling out of the Paris Accords was the right move
Trump recently pulled the U.S. out of the Paris Accords on “climate change.” He could do so because this agreement was never ratified by the Senate, so it was not a treaty. In fact, it was never brought to the Senate by President Obama for a vote as the Constitution requires. The reason? The last time a climate agreement – especially one that didn’t place similar restrictions on China and India – was voted on by the Senate, it failed 95 to 0.

Contrary to the doomsday “mainstream” media, pulling out of the Paris Accords changes nothing in U.S. policy. It merely removes other countries from setting our policy. It also removes paying tens of billions of dollars to undeveloped countries to coerce them to comply. Further, the U.S. can no longer be fined for not doing what other countries believe we should be doing. Americans will thank Trump for that.

Trump’s policy actions are all intended to provide expanding opportunities for all Americans. He will set the economy on a high growth path, lead the world in eliminating the threat of terror worldwide, secure our borders, lead Congress to implement a new healthcare law and free America to pursue its own self-interests first. Further, he will accomplish this despite the enormous challenges he faces.

Someday we will thank President Trump.

*Cartoon by Branco. Reproduced with permission and by arrangement with Comically Incorrect.

Michael Busler

Michael Busler, Ph.D. is a public policy analyst and a Professor of Finance at Stockton University where he teaches undergraduate and graduate courses in Finance and Economics. He has written Op-ed columns in major newspapers for more than 35 years.