Donald and Elon: two immature guys running the entire US economy.

ronib

MaizieD no I shall pass on the details. However in this age of insanity, according to Liz Truss, each American citizen has £25k more per head than in the UK, my hope is that somehow the UK mitigates the economic fallout. The UK needs to work out how to deal with Trump’s economic policies.

Just be honest and say that you don't know, ronib.

Telling us that Trump is going to work economic miracles without being able to explain how it is to be achieved makes your assertion a bit worthless...

Where on earth did Liz Truss get her figures from?

Trump did not get a marginal win it was a landslide, what he says and what actually happens is not always the same thing, by being protectionist the risk is controlling inflation. Government borrowing in the US is very high, much higher than the UK, he does need to control or reduce that if he does not the dollar could well loose value quickly.

The US could produce much more of their own needs at home without buying overseas, currently it’s cheaper to import, but that’s at the expense of their own manufacturing industry. The EU is in same position it doesn’t want to damage its
manufacturing base or food production and be dependant on imports. The UK seems to be heading in the opposite direction, no Tariffs yet pursuing an environmental agenda to lower emissions, yet inevitably increasing imports, greenwashing?

Just like the UK he wants to control migration, the US needs migrant workers as we do, I dont see anything wrong with that policy in the UK or US, nor do a great many Latinos, they don’t want uncontrolled migration risking their jobs, As for welfare spending were not going to see mass starvation in the US

We should worry if he is successful because the dollar will get stronger and our imports will get more expensive

nanna8

Give them a chance, they haven’t even started yet. Financially I think Trump will actually be better than Biden though not in other ways.

Why?? Why do think this??

I cannot even remember how many businesses Trump has bankrupted, built over years and years by his father and grandfather.

The US economy did improve when Trump was POTUS, whether this was directly down to him is debatable.

MaizieD no I shall pass on the details. However in this age of insanity, according to Liz Truss, each American citizen has £25k more per head than in the UK, my hope is that somehow the UK mitigates the economic fallout. The UK needs to work out how to deal with Trump’s economic policies.

Whatever DR and EM do, or don’t do, over the next four years, we can talk about it till the cows come home, it won’t make any difference.

My big concern about DT is what might happen to Ukraine, but unfortunately I can’t influence whatever happens.

Perhaps nanna8 and ronib can explain to us how Trump and Musk's proposals will improve the US economy over the next 4 years.

Just bear in mind what is being proposed.

Tariffs on all foreign imports, varying between punitive 60% tariffs on goods from China and 10% for goods from other countries (as yet unspecified)

Wholesale abolition of federal departments, such as Education, in the name of 'efficiency'

Tax cuts and deregulation for businesses.
Tax cuts for the wealthy.

Narrowing the remit of the Affordable Care Act (aka 'Obama Care').

So, good economic reasons for doing this and an explanation of how it is going to improve the US economy and the economic situation of the poor and unemployed would be appreciated...

Yes, a nightmare pairing indeed. Neither of them care anything about the UK economy, only the US. They will bleed us dry and strip us bare and on top of Brexit we are well and truly scuppered.

Be careful what you wish for folks- Trump is a many times failed businessman and felon who inherited most of the wealth he has actually mananged to squander. As for Musk? He would not have made his money without jumping on other people's technological bandwagons and Tesla is losing money hand over fist.

Of course, this doesn't matter because they are both seen as strong men even though they are both as human as you or I.

It’s fine by me- I don’t live in the USA. I am more worried about the Uk. These two are going to make a resounding success over the next four years so we can watch from the sidelines?

Give them a chance, they haven’t even started yet. Financially I think Trump will actually be better than Biden though not in other ways.