Why Not Trump's Economic Plans?

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One of my favorite youngster economic commentators is Sean Foo.

I recently listened to his take on Trump's economic actions of the past two months.

Unlike his contemporaries, Sean Foo at the end of his videos will ask his audience "What do you think?" While Sean Foo leans towards criticism of Trump's economic policies, he at least presents an appearance of being open to opposing views.

However, what Sean Foo and other "arm-chair economic commentators" are lacking is having lived through and suffered under so many alternating (dem rat vs repubs) economic policies of the past.

In the late 70's under the dem rats (Jimmy Carter) inflation was spiraling out of control (when Debt/GDP ratio was only around 30%).

Paul Volcker, as the chairman of the Federal Reserve, raised interest rates to unprecedented levels to combat inflation in the early 1980s. The federal funds rate, which had averaged 11.2% in 1979, was raised to a peak of 20% in June 1981.14 This drastic measure was part of what became known as the "Volcker shock," which included monetarist-inspired policies and targeting the money supply.1 The prime rate also rose to 21.5% in 1981.4 These high interest rates led to significant economic challenges, including two recessions and an unemployment rate that rose to over 10%.

This was at a time when America still manufactured goods (and Bill Clinton had not yet rigged official economic statistics) and there were factory jobs that paid decent wages (I was there).

A note of interest March 24, 2025

While I experienced the economic policies of the 70's and 80's from the BOTTOM of the economy,

Dr. Paul Craig Roberts was MAKING economic policy from the TOP. His recent article is an indictment (my opinion) of the parasites who were in power from 1982 onward.

Suddenly, the managers of these corporations realized that if they took all of their operating capital and simply locked it up in CD's (certificates of deposit), they could earn in excess of 10% guaranteed ROI from banks and other institutions without market risks and without the daily grind of managing employees and other details of the daily operations.

Thousands of us were laid off because it was more profitable to shut down the plants and invest operating capital in CD's.

Then Paul Volcker jacked interest rates to 21% to bring down inflation.

All Denizens suffered with unemployment, but in the end Volcker's move was credited with bringing down the inflation rate. We all suffered for a few years (things started picking up in 84/85....my experience), but the economy did revive (but remember, the Debt/GDP was a fraction of what it is now).

This is just one example of the many "alternating economic policies" I have lived through. Every time a different regime takes power they believe "THEY" have better ideas and we Denizens are force fed their experiemental policies whether we agree or not. With dem rats it is always "borrow and spend more money" to buy votes while the repubs are (were) more to help businesses and maintaining a budget. They each had their own Special Interest Groups (SIG's) especially Obama (anybody remember Solyndra? And other $Billion+ failed graft/corruption?)

None of the parasites complained about Obama throwing BILLIONS into wasteful projects, most of which failed miserably (just like the Soviet Union).

These youtuber's get lots of hits on their videos, they develop audiences which "like what these arm-chair economic commentators are saying" but not a single one of them is able to think and consider, comprehend matters and

ask questions

as the famous Professor of Economics, Thomas Sowell encourages:

The first is: ‘Compared to what?’

The second is: ‘At what cost?’

And the third is: ‘What hard evidence do you have?’

So for all the the critics who claim Trump's policies are a disaster:

Compared to what?

Another 70+ years of more debt and spending?

At what cost?

Even MORE loss of purchasing power? Total economic collapse?

What hard evidence do you have?

(that more of the same is better?)

I cannot say that Trump's current economic policies are the panacea for America's economy. I can say that there will be economic suffering just as many suffered through in the 70's and early 80's as well as other periods in the 90's and beyond.

Many parasites believe that the Trump regime should simply keep the party going with more spending, more debt and more funding for

THEIR Special Interest Group (SIG)

I've watched the parasites kick the can down the road for 50+ years so they can retain power and privilege at the expense of the Denizens. I've watched purchasing power erode to a fraction of what it was in the 70's.

Instead of criticizing Trump's policies and implying that the govt should just keep the party going, I hope Sean Foo is one of the first young people to start asking the three questions from Dr. Thomas Sowell.

Trump is trying to NOT kick the can down the road. He's trying something different after decades of borrow and spend with no end in sight.

And one question that NOBODY seems capable of asking is:

What if Trump and Company are correct? (in economic/budgetary policy)

The definition of insanity is doing the same thing over and over expecting different results each time.

With Debt to GDP at 122%, it may be mathematically impossible to avoid a final collapse of the dollar and the economy.

But considering:

Janet Yellen the treasury secretary in the biden regime on her way out the door "apologized" for the $15 TRILLION in debt (in just 4 years) added by dem rats and a large number of repubs.

Earlier, Janet Yellen:

Yellen Warns of Government Debt Crisis

Janet Yellen warned that the United States would hit its statutory debt ceiling around the middle of January 2025, resorting to "extraordinary measures" to prevent a default. In her last official act, Yellen stated that the US would hit its debt ceiling the day after President Trump's inauguration, advising that the Treasury would launch "extraordinary measures" to stave off the threat of a national default.1

AI-generated answer. Please verify critical facts.

No prudent person can:

blame Trump for the current conditions Trump is confronted with (much the same as Herbert Hoover).

provide BETTER solutions than what Trump is implementing.

hold harmless the parasites (both dem rats and many repubs) who recklessly borrowed and spent to enrich themselves and their SIG's with no consideration for the country as a whole, nor for future generations.

If someone handed me a bucket of sewage and expected me to

"Clean it up",

they'd be wearing it.

If we have a date with economic doom, then let's rip the band aide off and get this over with. And take the parasites with us.

W.K. Darcy

March 17, 2025

info@peakparasites.is

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