- Short and not-so-sweet. Maybe that’s how you would describe President Trump’s inaugural speech
- Which, I think was the briefest since Jimmy Carter
- But now, Donald J. Trump is the 45th President of these United States
- I did in general like his speech; I agree with much of what Donald Trump had to say
- Talking about how bad things are in the U.S. economy
- Yes, there were some people who benefited
- People in Washington certainly benefited, certainly Washington has been booming, right?
- Because they’ve been sucking all the wealth out of the rest of the country
- So the bureaucrats and certain segments of the population have benefited
- From central planning and central banking and the cheap money and the bubbles
- But Donald Trump hit the nail on the head
- When he talked about all the factories like tombstones littering the landscape
- How our wealth has been sucked out
- The Middle Class has been hollowed out and the country is hurting
- All this is true, and I like the fact that he says we’re going to take back the government for the people
- Take it away from the elites, take it away from the bureaucrats and bring the power back to the people
- All that is great.
- The question is, What exactly does Donald Trump mean by that?
- Does he mean, get the government off the people’s backs?
- Does he mean unshackle us from government
- Get rid of all the regulations, get rid of all the taxes and government spending
- Get rid of all the bubble blowing
- Let’s have sound money and higher interest rates
- Let’s have a real economy so that individual Americans can pull themselves up out of the ditch on their own?
- That we can roll up our sleeves and work our way out of this gigantic hole that the government placed us in
- And if it’s going to be free enterprise, limited government and freedom?
- Of that’s what he means by “Taking back the government for the people”
- Then, that’s great
- But what if he doesn’t mean that?
- What if he means a Trumpian “New Deal”?
- What if he’s talking about government proactively doing things to “help” the middle class
- Like big spending on infrastructure, where the government employs the people directly
- And creates jobs, like they did during the Great Depression?
Will Trump Change the Game Or The Players? – Ep. 222
Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.
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