Monday, August 15, 2016

Q&A on Trump and the issues

Q&A on Trump and the issues with Richard Schultz
[Richard Schultz weighs in]
Okay, let's discuss the issues.
1. Every economist that I have seen has indicated that Trump's proposed economic plan will do nothing except make the rich richer, and that it will not aid the economy in general. How precisely do you think that his economic plan will aid the average American?
2. Trump has stated outright that he would have no problem giving orders to the armed forces that violate U.S. and international law. Do you think that this is a desirable quality in a commander-in-chief? Why or why not?
3. Given the precedents of Korea and Kuwait, do you think that a U.S. President's having announced in advance that he will not guarantee that he will honor defense treaties to which the U.S. is a signatory is more likely or less likely to keep the peace? What about his indication that he has no problem with nuclear arms races in the far and middle east?
4. Trump has indicated that he believes that there should not be a federal minimum wage. What effect do you think abolishing the federal minimum wage would have on the economy?
5. Trump has stated that he would renegotiate or refinance the U.S. National debt. His statements indicated that he either did not understand the nature of renegotiating or refinancing a debt or that he did not understand the nature of the U.S. national debt (or maybe both). What effect do you think an attempt to renegotiate the national debt would have on the U.S. economy, and what leads you to that conclusion?
6. Trump has no experience of government and apparently has at best a limited understanding of how the U.S. government functions. I have seen from some of his supporters the claim that his experience in business is sufficient preparation for the presidency. Given that Warren G. Harding, Herbert Hoover, and Jimmy Carter were successful businessmen before they went into politics, what *specific* aspects of Trump's business experience in your opinion have prepared him for the presidency?
[I respond]
1. Taxes matter little. Regulation matters a great deal. Trump wants to repeal or reform much economically crippling regulation. Hillary Clinton has never met a rule she doesn't like.
2. Under the Constitution the Federal government guarantees the security of the states. That guarantee contains no proviso exonerating the Federal Government from responsibility where to execute it requires violating US law, much less international law. And in fact every President has issued illegal orders.
3. The nuclear arms race in the Far East was a lost cause when Clinton failed to block North Korea. The nuclear arms race in the Middle East was a lost cause when Obama failed to block Iran, or maybe when LBJ failed to block Israel.
And yes, it is past time to rethink the commitments made to win the Cold War, which ended a generation ago.
4. The New York Times explains why minimum wages are bad:
Abolishing minimum wages would do wonders for youth and minority unemployment.
5. Trump was unaware that the US can impose a haircut on debtors at any time by inflating the dollar. Now that this was explained to him, he has dropped the issue. Trump knows little, but learns fast. His principal rival has learned nothing and forgotten nothing since 1992.
6. Harding was a fine President, generally admired at his death, and only his sudden demise prevented him from dealing with the scandals that tarnished his posthumous reputation. See the account in Paul Johnson's _History of the American People_. Trump has extensive experience working with government as a developer, though I agree he is no Herbert Hoover, who, let us recall, was prior to his Presidency probably the most admired living American for his relief work during and after World War I. I agree that a Jeff Sessions or a Bobby Jindal, say, would likely be a better President than Trump. But Sessions didn't run, and nobody seems to have wanted Jindal except me and him.

No comments:

Post a Comment