The last political campaigns and elections in the United States of America in 2016 marked a show of might of which side of the political divide would revive and strengthen the economic powers of the world’s superpower. A nation’s economy is thus a pivotal issue in the manifesto of those seeking to rule. The newly elected US President has plans that are considered by some as unpopular and non-workable for the stimulation of economic growth. But a question lingers in one’s mind, what are the possibilities of President Trump’s plans to bear fruits? Or are they plans that will be openly met by strong, solid and unmovable barriers? This article gives a view of the obstacles of his ambitious economic plans.
First, he intends to create more jobs for all American citizens since more people lose their jobs day by day. This seems vividly a right thing to do, but how does it happen considering the economic base, workforce and technology of this great nation. For one, the USA is a country with great technological advancements, and with such rapid developments, it is inarguably true that it correlates with job losses since in this modern era, technology is being more job destructive than creative.Moreover, there is systemic shift of innovation and technology towards the east which would mean a loss to the American nation in her quest to innovatively create more job employments.
There is again the quest to make America great again by creating a self-reliant nation. This means that cheaper goods and services from outside the country would be refused for the sake of locally available ones. But considering this and the high debts that the US federal government owes, it means that self-sufficiency would only imply higher domestic costs and price rises for consumers ("Obstacles to Trump’s ‘Growth’ Plans – Consortiumnews", 2017).
Reference
Obstacles to Trump’s ‘Growth’ Plans – Consortiumnews. (2017). Consortiumnews.com.
Retrieved 1 February 2017, from https://consortiumnews.com/2016/11/21/obstacles-to-trumps-growth-plans/
