What We Might Get Financially with a Trump Presidency
If you have studied Trump’s past, you would know that he takes big risks and swings for the fences. He has several books out and by reading them you can get a good idea of what to expect. The reality is that his formula for success has been consistent. The consistency of his brand is actually pretty remarkable.
For one thing, his past has been a mixture of big wins and big busts. As a result, we will probably see big wins and big failures. Politicians on the other hand tend to take the safe road and not take big risks. After all, they are about re-election the meeting they get elected. So, it will be interesting to see how this whole experiment will end over the next 4 years. Of course, the experiment being to run the country through the lens of results oriented business versus the lens of pure politics. The government was built on the framework of politics not business is advice in one book is that you just go ahead and expect big problems. That is the way of life. So we have a President with a belief system of expecting big problems and expectation of winning all at the same time. I have a belief that we get what we expect – making it very important that we protect our mind.
Proverbs 4:23 says, “above all else, guard your heart, for everything you do flows from it“. Proverbs 23:7 says in the first part of the verse, “for as he thinketh in his heart, so is he” – heart is often interpreted as mind. As a man thinks so is he. Thus maybe the reason for boom and bust. He has a strong expectation of problems and of winning all at the same time. That spells volatility. So with that at part of the core of his DNA, here is a forecast of things to come in a few areas.
Stock Market – The Stock Market doesn’t like uncertainty. Trump represents uncertainty. We are in uncharted waters. The market has rallied since the election on the pros only without considering the cons that go along with the untraditional. I don’t think that Trump leaves office without a very large bear market.
The Economy – Here is where I think he ultimately excels. The problem is that he is starting out with an economy that is in a delicate balance. You have President being the only President in US history to not have an economy that exceeded 3% growth in any 12 month period. That is remarkable considering he was in office for 8 years. However, it might take a few years. I see him getting those growth numbers up.
The National Debt – This is what concerns me. We are almost at 20 trillion dollars worth of debt. The government is spending more than it is receiving in revenue. There aren’t a lot of spending cuts you can make that will amount to anything when you are considering trillions of dollars. He has big plans and it will take a while to increase revenue. He has no problem with accumulating debt. In 8 years, President Obama accumulated $9,335,000,000,000 in debt. This of course was a record. However, he never did anything to create revenue. We might see a great deal of debt in the first few years and then an increase in revenue that sort of keeps us at bay. The bottom line is that there will be more debt.
Healthcare – I think that this will be one of his major busts. First, you have to keep the core foundation of Obamacare in-tact. There is no repealing Obamacare. Second, you can’t give everyone a 20% to 30% reduction in premiums. That train has left the station. There are small things that can be adjusted to reduce expense. However, for the most part, those costs are here to stay. The bottom line is that there will be no repealing happening. To repeal would mean to completely change the system. The system is forever changed already.
Then there is the division – This might be the biggest problem of all. I have never witnessed so much hatred. It is tough to know how this all ends. They call him a racist. Yet, President Obama did nothing to heal the racial divide in this country. In fact, he stirred the pot and I believe made it worse.
Personal advice to those who hate Donald Trump
I never hated President Obama. My mom always taught me not to hate. I had a strong dislike. However, God reminded me that he was a man just like me with a family just like me. He also had an ideology like we all do. I came to accept him as my President. Then I respected him for who he was even though I didn’t agree with him. I didn’t have to agree with him. As Christians, I think that we have to pray for our leaders. After all, God allowed this to happen. If you are struggling, read 1 Timothy 2. It might change the way you look at things.