Morning Thread: A Trump Presidency: What to expect
Several Hot Gas writers are going to be writing about this in the coming days, so understandably, I will not tackle this subject broadly. I will be discussing production.
At the heart of Trump’s candidacy was trade. Fair trade deals mean more competition and better opportunities for production at home, more exports, and more high paying jobs. Trump spent considerable time emphasizing that 70,000 factories left the United States in recent years for foreign construction projects. He also pointed out that he would consider tariffs if our trading partners didn’t get in line. (By the way, they are already getting in line. Pretty amazing what a little tough talk will do to motivate, isn’t it? Tariffs aren’t needed if people straighten up and fly right. You hear me, Mark Levin? Gawd. Enough about that concern troll.)
Right now I want to take you back a bit. If you can, grab a cheap paperback copy of The Art of the Deal and read it. Review my article on Trump’s construction achievements. I want you to get a clear picture of who and what Donald Trump is.
He’s a builder. Trump likes buildings. He likes construction. He’s not a stock trader or a lawyer or a financial adviser. He likes creating edifices that you can see, feel, and live inside. He likes golf courses, hotels, casinos. He likes to brag about coming in ahead of schedule and under budget. (Oh, the horror)
Now think about what Trump has promised to do with money that is being wasted. I’m talking about trillions of dollars, here, folks. He’s promised to rebuild our country. Roads. Bridges. Infrastructure. The Great Wall. Nuclear plants? Oil drilling? (Dare I say, energy independence and telling the Middle East to go pound sand?) Keystone pipeline? Space elevator?
Think of it this way. Donald Trump has made himself a billionaire through construction, but he’s been constrained by his budgets. He’s only able to do a few projects at a time. Yes, they cost hundreds of millions or even billions of dollars, but that’s small change.
Imagine when Donald Trump (who likes to BUILD things) gets his hands on the single largest production source in the world, namely the Economy of the United States of America. What could happen?
Here’s my answer. There will be so much dirt flying, we won’t be able to see the sun for a couple of years.
So we’ll work in the shade.