Chief Editor’s Monthly Column

 
There have been scandals in the Trump administration over important leaders being fired, but the economy is booming, Trump has created over 3 million new jobs, and the stock price average has risen by around 40%.

Trump’s pre-inauguration declaration that he “will be the greatest jobs producer that God ever created” is coming true.

Even economists didn’t see this coming. Before Trump’s inauguration, economist and Nobel Memorial Prize laureate Paul Krugman commented that the U.S. economy will never recover. This erroneous claim made it to number 1 on Trump’s Fake News Awards for 2017.

This article will look at Trump’s power of creating jobs, which obviously cannot be assessed correctly from an economist’s viewpoint.

 

1. Expecting Patriotism from Immigrants Too

The media ignores this, but Trump has kept all of the promises he made during the presidential election campaign. For instance, he vowed to destroy the Islamic State, and now just a year after his inauguration he has fulfilled this promise by 80%.

It is easy to see what Trump is trying to do. All we need is to look at the promises he made on the campaign trail, because he is diligently trying to fulfill them.

In February this year, Trump spoke at the World Economic Forum in Davos. “Let us resolve to use our power, our resources, and our voices, not just for ourselves, but for our people . . . To protect their families, their communities, their histories, and their futures,” he said.

He spoke to a crowd of ‘globalist’ leaders of multi-national enterprises, and urged them to embrace patriotism: for each country to adopt their own equivalent of the America First policy.

Trump’s restriction on U.S. immigrants also goes back to his patriotism. In his State of the Union Address in January, he said, “It is time to begin moving towards a merit-based immigration system — one that admits people who are skilled, who want to work, who will contribute to our society, and who will love and respect our country”.

He doesn’t want to admit immigrants via a lottery system that risks increasing criminal activity. He wants all immigrants to love, respect and work for the U.S.

 

Regaining Tariff Autonomy

Trump’s tariffs, which are sparking fears of a trade war, are also a result of his patriotism.

Since the 1980s the U.S. manufacturing industry was slowly been swallowed up by China. China does not have proper labour conditions, so the workers work for lower wages. It very much resembles slavery.

In addition to these low costs, the Chinese government provides funding for export companies. This has made it impossible for the U.S. manufacturing industry to regain its ground. China also began to appropriate U.S. intellectual property – such as classified technology and information – from companies that moved into China looking for lower costs.

“These and other predatory behaviors are distorting global markets and harming businesses and workers—not just in the United States, but around the globe,” Trump said at the World Economic Forum.

The media continues to slam Trump for supposedly threatening free trade, but what he is doing is the opposite: he is protecting justice in free trade.

He is often criticized for leaving the TPP, but we can say that adopting a unified customs tax across each country infringes upon tariff autonomy.

Tariff autonomy is similar to the idea to the one that induced the Founding Fathers to declare independence from Great Britain back in the 18th century. It is natural for a state leader to prioritize the wellbeing of their people.

 

2. Bringing Back the Spirit of Freedom and Enthusiasm

“Regulation is stealth taxation,” Trump said at the Forum. “We have cut 22 burdensome regulations for every one new rule. We are freeing our businesses and workers so they can thrive and flourish as never before”.

The Trump administration lowered the corporate tax rate from 35% to 21% and simplified the progressive tax system on income tax. It has undertaken huge tax cuts that surpass those of Ronald Reagan, and now employees and small business owners are benefitting.

Apple announced that itwill bring USD245 billion in overseas profits back into the U.S., Trump explained. This will bring 20,000 new jobs into the U.S. Many other companies are focusing now on local investments and job creation, and higher wages to attract employees. Over 3 million people have benefitted from this.

Trump’s deregulation policy abolished over 1500 regulations. He has removed regulations on the production of shale gas and oil and encouraged investment. His removal of financial regulations has accelerated residential construction.

Trump is always stressing that God gave us freedom, and he wants to give it back to the people from those worldly powers that have taken it away. His tax cuts and deregulations are bringing the people freedom and generating enthusiasm.

 

3. Productive Charity

When he was on the campaign trail, Trump promised to abolish Obamacare, and he also achieved this very quickly. He included the abolishment of Obamacare in his tax reforms late last year.

Obamacare was a public healthcare strategy, which had an estimated cost of around USD1.34 trillion over the next decade.

“We want every American to know the dignity of a hard day’s work,” Trump said in his State of the Union Address. “We can lift our citizens from welfare to work, from dependence to independence, and from poverty to prosperity”.

He emphasized that the government’s role was to create jobs, not to distribute money.

In his tax reforms, Trump also amended the exemption system for NPOs such as churches so that donations go to them to help them undertake welfare activities in the government’s stead.

In other words, Trump is trying to reverse the welfare state trend in the U.S. through productive charity and job creation.

 

4. Infrastructure Investment for Future Generations

The thing that started to really take effect this year is infrastructure investment. Trump announced a USD1.7 trillion investment over the next decade, including contributions from private individuals and bodies.

“America is a nation of builders,” Trump said at the State of the Union Address. “We built the Empire State Building in just 1 year – is it not a disgrace that it can now take 10 years just to get a permit approved for a simple road?”

He promised to approve the building of as many new roads, bridges and railways as possible over the next year. Repairs and new constructions of roads, railways and airports will begin all over the U.S., and this will create new jobs. It will remind us of the prosperous time in the early 20th century when towers sprang up everywhere in New York. This will become a huge investment for future generations.

 

Saving Those Who Were Left Behind

One major problem in the U.S. economy is the large disparity between industries that prosper and those that have declined.

New companies such as Apple and Google make billions, while workers in the Rust Belt are getting poorer.

Trump’s policies are also aimed at saving those who are being left behind in this prosperity current. He promised during his presidential campaign to create 25 million new jobs in the next decade. Since the 1990s American companies have been transferring their factories to China, which has caused over 25 million Americans to lose their jobs. Trump plans to get them all back. When Americans work hard, earn well, and feel pride in what they do, they really can Make America Great Again.

“Trumponomics” has many aspects that cannot be adequately explained through the study of economics. He seemingly stands on fragile ground, with aggressive tweets and conflicts with the media. But instead of facing ruin, he is bringing good results.

As Trump himself has said, he could be drawing God’s creative energy.

 

Trump The Honest Man

Trump’s new trade agenda is aimed at China.

China is pouring their rapidly growing GDP into expanding their military, and are fast becoming a major threat to the U.S.

Trump is setting up a trade war to cut off China’s supply of military funds. A few decades ago President Reagan brought an end to the Cold War by setting up an economic war with the Soviet Union, and Trump is adopting this strategy. If he succeeds in destroying the Chinese Communist Party government, he ought to be hailed as the second coming of Reagan.

Trump’s words and actions should be viewed without cynicism. Nobel laureate economists won’t go wrong in their assessment of the U.S. president as long as they adopt the viewpoint that Trump is an honest man.

Jiro Ayaori

 

The Secrets to Trump’s Job Creation

1. Expecting patriotism from natives and immigrants
2. Fighting against unilateral trade with China
3. Bringing back the spirit of freedom and enthusiasm through tax cuts and deregulation
4. Revising the idea of the welfare state through productive charity
5. Infrastructure investment for future generations