Timothy Birdnow

Trump's going to have a hard time getting inflation under control because it is now institutionalized and Trump is going to be faced with the daunting task of rebuilding our military and infrastructure after Biden purposely dismantled it, and at the same time he's going to have to fight Congress over spending.

The Federal Reserve pumped up the money supply to avoid a harsh recession when Congress blew so much money during the last days of Pandemic and during the whole Biden Presidency. Had they gone to a tight money policy the economy would have crashed. So they printed a bunch up and we saw skyrocketing inflation. Trump is going to come into that mess.

It's going to take a while for pro-growth policies to start catching up with the exploding money supply and of course the Media will hammer Trump on it, and the GOP in Congress will grow frightened like prey animals always do and will send giant omnibus spending bills to Trump. Trump will either have to sign to keep peace with his own RINO wing or he'll have to face a government shutdown. His task is daunting.

Biden had no such problems; he just wanted to blow all of our money to make America poorer, thus achieving "equity" with the Third World and at the same time buy votes and funnel money to his party.

Basically we tried to commit economic suicide under Biden and Trump will come in (assuming the election isn't stolen from him) like a paramedic coming on the scene where the patient has slit her wrists and is bleeding out. He will have to take swift action but it may not be enough.

So don't expect an economic miracle right away. It took a nasty recession in the early eighties before Reagan's tax realignment program kicked in. There was enormous pressure on Reagan to end his policies and go back to the Carter policies which caused all the trouble in the first place. But Reagan stood firm and there were enough Republicans in Congress to stick by him to hold the line until Reaganomics started working. Sadly Mr. Trump will be more readily abandoned by the GOP; this isn't the Republican Party of the eighties.

I certainly do not envy Trump. If you think they went after him hard last time...

Posted by: Timothy Birdnow at 09:14 AM | No Comments | Add Comment
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