On the hand, Obama has been called the anti business president who’s been really good for business.[/quote]
At this point I don’t think I’m going to vote for president. I don’t really like either candidate at this point. The hate on both sides means nothing will get accomplished. Maybe, I vote on some CA referendums and local elections.
I think both parties are going to be anti business for different reason. Democrats will want to focus of minimum wage increases and further protections for workers which will stall business creation and increase youth unemployment. Trump wants to become more protectionist which will likely result in tariffs and possible trade wars. Neither is going to be optimal for a productive economy. I don’t know which one is worse though. Macro economic theories are impossible to verify before they are implemented so they often result in unexpected consequences.
I do think the next recession is going to be fairly bad. I do think there’s nothing Congress or a president can do to prevent it from being fairly messy. Even with a 1 trillion dollar infrastructure investment it will take at least a couple of years for projects to be vetted, planned, approved, and under construction. It will be too slow of a response and the alternative of just sending out checks so the masses can go to Walmart and buy junk from China doesn’t really create any lasting impact either. Maybe a little boost to food and dinning for a month or 2 but then the money will be gone.
I’d like to vote for a candidate that will break the medical and pharmaceutical monopolies. Unfortunately even if someone was willing to do that it would create some significant short term economic damage.
