Has Trump promised too much on US economy?

[Fla Dem]

9:00 pm EST
1/17/2025
13 hours ago

BBC
Natalie Sherman
Business reporter, New York

Donald Trump has promised big changes for the world's largest economy.
An "end to the devastating inflation crisis", tariffs and big cuts to taxes, regulation and the size of government are all on the agenda. This combination, he says, will ignite an economic boom and revive withering faith in the American dream. "We're at the beginning of a great, beautiful golden age of business," he pledged from the podium at Mar-a-Lago earlier this month.
But looming over the president-elect are warnings that many of his policies are more likely to hurt the economy than help it. And as he prepares to set his plans in motion, analysts say he is about to run into political and economic realities that will make it hard to deliver all his promises.

"There's no clear path forward at this time for how to meet all these goals because they're inherently contradictory," said Romina Boccia, director of budget and entitlement policy at the Cato Institute.
Here's a closer look at his key promises.

Tackling inflation
What Trump promised:
"Prices will come down", he said repeatedly.
It was a risky pledge - prices rarely fall, unless there is an economic crisis.
Inflation, which measures not price levels but the rate of price increases, has already come down significantly, while proving tough to stamp out completely.

What complicates it:
Trump pinned his claim to promises to expand already-record US oil and gas production, reducing energy costs. But the forces that affect inflation, and energy prices, are mostly outside presidential control. To the extent that White House policies make a difference, analysts have warned that many of Trump's ideas - including tax cuts, tariffs and migrant deportations - risk making the problem worse.

Economist John Cochrane of the right-leaning Hoover Institution said the big question facing the economy is how Trump will juggle "tension" between the more traditional pro-business parts of his coalition and the "nationalists" who are focused on issues such as border control and rivalry with China.
"Clearly both camps can't get what they want," he said. "That's going to be the fundamental story and that's why we don't know what's going to happen."

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https://www.bbc.com/news/articles/c17d41y70deo

[bucolic_frolic]

1. As usual Trump is financial hocus-pocus. He can move and stimulate all he wants, but

there are inadequate resources to boost the economy. Energy resources, idle inputs, food, labor, China-sourced parts and goods, shipping. We don't have control of those things. He is stimulating a fully grown economy with hot checks. Inflation and stagflation will be the result.

[walkingman]

2. I view Dumbo's economy as one that will be similar to what we experience in Texas.

Very business friendly at the expense of it's citizens. The notion since Reagan that "trickle down economics" works in consumers interests is not true - it does not. Since it's implementation, there has been the largest transfer of wealth to the top percentile in US history.

[Midnight Writer]

3. It doesn't matter to him. He can break promises with impunity. It's not as if he will run for re-election.

He has what he wants. He has been elected to the most powerful office in the world and he has legal immunity.

He doesn't give a tinker's turd about his voters. Like everyone else in his life, he uses them and loses them

[Diraven]

4. He's already pivoted

He's admitted he can't really fix any of these problems, so he's distracting us with invasion threats and crypto scams. Most of the media is pretending like he never made any such promises during the campaign.