I have seen a side of him that is not seen by the public. He is truly one of the most misunderstood men in America. His recent praise of Nikki Haley was unifying and shows the magnanimous side of him that his friends often see. Expect more of the real Donald Trump to emerge.
Stanley Marcus (Home Depot founder)
When a consequential business titan like Stanley Marcus complements Trump, it’s not some goober in a MAGA hat talking. His recent guest editorial in Real Clear Politics put Trump vs. Biden into context for well-meaning conservatives who want somebody other than Trump as the GOP candidate this year:
“Fundamental change in America is occurring by executive order or the force of the government’s police powers, instead of through the legislative process required by the Constitution. From this, free market capitalism may be replaced by big government socialism.”
Let me state the quiet part out loud: because it means four more years of Biden, no free-market conservative can vote against Trump. Marcus says to focus on Trump’s policies that “achieved the highest wage rate in 50 years, the lowest unemployment rate for minorities, energy independence, and kept America out of any new foreign conflicts.” Plus, inflation and interest rates remained low.
If you run a business, what’s not to like? That’s why investors and business leaders must tune out liberal media that’s taken to quoting Trump out of context (read any “blood bath” story) and tune into his positions (e.g. energy independence) and planned policies, which his campaign is slowly disclosing. Just this week, former Trump staffer Joseph Lai previewed what’s to come if Trump wins.
First, expect more scrutiny of Chinese supply chains and US investment in China’s biotechnology, energy and microelectronics sectors. No question, Trump will spur on-shoring of supply chains through incentives and regulations, so US businesses should lobby for more time to transition, rather than defend unfettered globalization.
Second, Trump will prioritize deregulation and tax cuts, meaning an extension of the 2017 tax reforms and repeal of Biden’s anti-growth regulations. At the top of the list are changes in energy and environmental policy to boost domestic energy exploration and production. And, if you hate the spread of ESG policies, you’re gonna love a second Trump term.
Third, Trump will champion fair and reciprocal trade in order to nurture high-skilled domestic manufacturing jobs, starting with the United States-Mexico-Canada Agreement (USMCA) extension talks that begin next year. Lai cautions business leaders to respect Trump’s art of the deal (he expects to win) and not scoff at the candidate’s “unpredictable messages” pre-election.
Lai’s summation of Trump is that, if IT means “lower taxes, bigger paychecks, and more jobs for American workers,” Trump is for IT. That will boost the morale of 98% of Americans, who aren’t “rich” (worth at least $2.4 million). Biden killed America’s economic foundation (cheap energy, low interest rates, price/wage stability, and reasonable regulations); thereby complicating the management of businesses and households.
If you think Insurrection Donald will destroy America, get a load of Mounting Debt Joe. The national debt just hit a record $34.5 trillion, and Biden just proposed a $7.3 federal budget for 2025 (compare that to $3.7 trillion in 2015). At the household level, it’s just as bad. Total US credit card debt just hit a record $1.13 trillion, owed by 3 in 5 Americans (source: Yahoo Finance). Even worse, CNBC reports that the cost of big-ticket necessities spiked under Biden:
- Average cost of a new car has risen from $36,824 to $48,759
- Average cost of a used car has risen from $19,863 to $26,091
- Average home price has risen from $384,000 to $492,000
- 30-year fixed mortgage rate has climbed from 2.65% to 7.74%
Call yourself a patriot? Then stop Mounting Debt Joe from dragging the US and all of its citizens into bankruptcy. Look at the charts up top: that’s why Biden is losing young voters, who are the seed corn for continued growth. Newsweek reports among 18-29 year old voters, 51% plan to vote for Trump, against 45% for Biden. That’s a huge pivot from 2020, when Trump won 36% of the young vote, against 60% for Biden.
Consider yourself intelligent? Seriously, if that 25-year-old barista at Starbucks is smart enough to vote his pocketbook in November, what’s your excuse?
