A graph is worth a thousand words:
Our GDP represents the totality of all the goods and services produced in our country in a single year. The United States has had the largest GDP on the planet since the end of the Civil War, almost $18 trillion dollars.
The total global GDP is $80 trillion, so our country alone represents 22% of the total economic output on the planet, yet Americans only represent 5% of the world’s population.
No matter who LEADS the United States our economy will still remain strong, but the biggest roadblock to our continued success is $18.9 trillion in federal debt.
If we GROW our economy faster we can pay down our national debt.
More business = more tax revenue.
Can Trump grow our economy faster? Trump borrowed $14 million in real estate loans from his father back in the 1970’s and leveraged that into a net worth of $3.5 billion, mostly in real estate holdings. He also had big failures, but so has every entrepreneur who tried new ideas.
In his first press conference as president-elect he mentioned how the United States is an under performing asset.
What if he’s right about that?
If we pare down wasteful government spending and eliminate red tape perhaps we can build to a $25 trillion GDP. This prosperity would be good for everyone and every gender; young and old, Hispanic, Black, White and Asian.
During the Obama administration our economy grew at an annual rate of 2%, during Ronald Reagan’s 8 year term our GDP grew as much as 12% per year! Check this out:
Obama was trained as a lawyer, but how much does he really understand business?
How could Obama DOUBLE our national debt and enact provisions that penalize employers when they hire more than 50 employees? (Under the ACA)
The business of America is BUSINESS, and when business is doing well there are more jobs, more choices, more competition for your spending dollar and more prosperity overall.
In the last 8 years the pendulum swung to the left, now 60 million GOP voters have pushed that pendulum back over to the right. Trump said some awful things, he was crass, he was rude, and I don’t want him anywhere near my daughters…
BUT, for all the stupid things Trump said, I’m curious to see what he can do to grow our economy.
You can protest, you can burn effigies in the street, but business will continue on. You can build a business and participate (I own 2 profitable ventures) or you can complain from the sidelines and go broke.
The election is over, I’m out there today growing my team, growing my business, and paying off debt.
God Bless America!
Benjamin T. Alexander
November 10, 2016.