How Trump is Planning to Harm the Economy and Reduce Jobs

Trump (3)

Trump made many promises to his radical supporters in 2015 and 2016. He has yet to keep one, and that’s a good thing. His approach to the issues is destructive and harmful to most Americans.

Few Americans have looked at the ramifications of Trump’s proposals. Take Trumpcare. Not only would it be harmful to the medical welfare of millions of Americans, it would be costly to the nation’s economy. The Commonwealth Fund and the Milken Institute of Public Health at George Washington University reports that the House version would force the loss of 925,000 jobs. Other analyses have the figure at 3,000,000 jobs related to the healthcare industry. Republicans don’t care; they simply want to destroy President Obama’s legacy as they attempt to push through an even worse bill in the Senate.

President Obama’s net neutrality regulations protect consumers from cable companies, internet and phone providers. Trump FCC Commissioner, Ajit Pai, is seeking a repeal of these restrictions and controls on the industry. This would result in greater economic concentration, and higher prices for consumers.

Although the consensus around the world is nearly unanimous, Trump continues to deny climate change caused by man’s use of fossil fuels. The truth is that he is pushing for new ‘coal’ jobs. This is foolhardy because many Americans who once used coal have already switched to natural gas which is cheaper and cleaner.

When Trump, Ivanka, and others moved their manufacturing plants to other nations, good paying jobs for lesser educated Americans went with them. Obamacare offered a side benefit of creating thousands of jobs, and the emphasis of his administration on ‘green jobs’ created thousands more; and they paid well. Clean energy jobs outnumber jobs related to fossil fuels 2.5 to 1. Solar energy was responsible for one in every 50 new jobs in 2016. Trump continues to call renewable energy a ‘bad investment.’

More proof that Trump refuses to listen to his top own staff is offered by Gary Cohn, his top economic advisor, since he says that investing in coal does not “make that much sense anymore,” whereas investing in renewable energy could make the U.S. “a manufacturing powerhouse”. He is mimicking Hillary Clinton’s proposal, and Trump won’t allow that. Trump’s cabinet and other advisers appear to be men paid to compliment their boss and soothe his fragile ego. The have no other purpose.

Trump will cost America billions if not trillions of dollars in four very long years; and it appears that Republicans will bow to his demands.

Please re-post; thank you.

Op-ed by James Turnage

SOURCE

Image courtesy of DonkeyHotey

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