TheWiseOldFart

Op-ed by TheWiseOldFart Trump is a very dumb man. If you don’t like my blunt words, stop reading now. By his own words and actions it is obvious that he did not earn his degree from Wharton. I have no doubt that Daddy Fred bought his diploma in the same manner he purchased deferments which prevented Trump from doing his duty and serving in Vietnam. This is why he had all of his academic records sealed in January of 2017. 99 percent of the world’s economists agree that placing outrageous tariffs on imports is moronic. However, there are two things everyone should learn about the old man defiling our White House. Trump has no idea how to administrate America’s economy. He is a serial failure in the business world, and a seven trillion-dollar budget is far beyond his comprehension. The second reason is based on his only tactic in the business world. Trump is a schoolyard bully. Tariffs are a tactic only a bully would use, not a man educated in an Ivy League business college. Trump’s tarif...

Op-ed by TheWiseOldFart In 1981 Ronald Reagan created a fiscal polity he titled, “Supply Side Economics.” It quickly became known as “Trickle-Down Economics.” His eight years in office were dominated by high unemployment rates and huge increases in the national debt. Unfortunately, his three Republican successors failed to learn from his mistakes and used the same policy. The result was, in 1992, Bill Clinton rescued Reagan and George H.W. Bush: In 2008, Barack Obama saved our economy from the failures of George W. Bush: and in 2020, Joe Biden prevented another Great Depression after the disastrous incompetence of Donald John Trump. WHAT IS “TRICKLE-DOWN ECONOMICS” The simplest definition of “trickle-down economics” is that it is based on an illusion. Republicans continue to offer a baseless claim that if the wealthiest Americans receive tax cuts and thrive, jobs will be created, and the overall economy will grow exponentially. Experience proves this theory is invalid beyond a reasonab...