MarketWatch states that: “With low unemployment, rising incomes and inflation down to a third of its peak in 2022, it raises the question of just how good an economy President-elect Donald Trump stands to inherit when he enters office in less than two weeks.”
Mark Zandi, chief economist at Moody’s Analytics, told the New York Times last week: “The U.S. economy is the envy of the rest of the world, at it is the only significant economy that is growing more quickly postpandemic that prepandemic.”
Yet, because the country appeared to be burdened by higher personal costs, the economy was 1 of 2 major issues that won the election for Trump. The other, immigration that also has deep economic consequences, forms the second part of the winning formula that allowed the return of the former President to power.
As we get ready to install the President-elect and hear all the ideas about what is going to be done on day one and after, the matter of the economy does not seem to be a concern. This will be the second time that a President faced and conquered a catastrophic economy, made it strong and turned it over to Donald Trump.
If we remember, President Obama also built a great economy after leading us out of the Great Recession that was almost like the Great Depression. This is the economy that President Trump inherited and could not keep going because of a variety of factors including COVID.
Most of the noise we are hearing during the pre-inagural period is about immigration and all the planning and all the threats about making immigrants and their children pay for being here. This includes challenging the 14th Amendment language on citizenship by birthright.
One of the pronouncements that does not appear connected yet it is, deals with the notion of buying Greenland and annexing Canada. In the beginning, the talk about land grabs included Mexico, but someone must have told the President-elect that it would defeat his racial preference purpose since adding the 131 million Mexicans to the United States would make Latinos an instant majority.
Over the years, Trump has stated several times that he prefers “nicer immigrants” like those from Denmark. That infers that the immigrants currently coming into the country are “not nice” because they are mostly Latino and brown.
Just about everyone on both sides of the issue realize that America cannot function without a productive immigrant community as we now have. At the same time, those that fear being replaced in the political power structure through demographic means, especially by brown children of immigrant families, are trying to find a way out.
Acquiring Canada and Greenland will not do it because both have heavy racial minorities that would largely offset the gain in Whites. In this context, it makes more sense to annex European countries that are large population centers of “nice people.”
Adolf Hitler did this. In the beginning he did it to gather and consolidate all Germanic people into one country. Later, he took most of Europe and had things going his way until he got too greedy, attacked the Soviet Union, sided with Japan to bring the United States into World War II and got beat.
The economy and immigration are the two major issues that have brought the new national administration into power. The first, the economy, appears to already be solved.
The other, immigration, has been a concern for some 30 years. Current proposed solutions are not serious.
The views expressed by David Conde are not necessarily the views of LaVozColorado. Comments and responses may be directed to News@lavozcolorado.com.
