Letter: In spite of everything, Trump could win again
To the editor:
There is no denying that Donald Trump is now enjoying a very healthy economy. In his first two years, the economy has added almost 20 million new jobs, the unemployment rate has fallen to a 50-year low, economic growth has averaged 2.5 percent to 4 percent, the stock market has rocketed, home prices have risen, corporate profits have soared, manufacturing jobs have increased nearly 200,000, and the U.S. crude oil production has increased by 6 percent.
However, Trump's economy is not an unmixed blessing with all honey and no bitter. The number of people without health insurance has gone up by 3.7 million. America's trade deficit has grown by 12 percent despite his promise to bring it down. The number of people on food stamps has grown to a nearly 3 million despite Trump's promise to cut the numbers. The federal debt has increased nearly 3 percent, so has the racial pay gap, and 20 percent of all children in America live in poverty.
According to one U.N. report, the United States, one of the richest nations, and the "land of opportunity," is fast becoming a champion of inequality. More than 40 million Americans live in poverty, according to the U.S. census. The U.S. image overseas has taken a big hit. An unfavorable view of the U.S. has risen in Mexico, Canada, Germany, France, Japan, and the U.K. Only Russians view the U.S, favorably.
Usually, Americans rely on economic growth, job, income, and inflation to determine their pocket books that, in return, tend to decide whom to vote for. No doubt, Trump gets a high mark on all of these key macroeconomic variables. His approval rate is now nearly at 40 percent, the highest ever. Assuming Trump can maintain the health of the economy at as robust as a level today, barring any serious political fallout, and his loyal supporters stick to him in the next two years, Trump is likely to win some new voters.
Despite all his character flaws, constant lying, twitter attacks, cheating on tax payments, cold war with Congressional Democrats, tariff wars with Mexico and China, and possible hot war with Iran, I give the president a 50 percent chance of getting reelected for his second term in 2020. What else will help him is the reluctance of Bob Mueller to charge Trump guilty of obstructing justice. Mueller is not even interested in appearing before Democratic committees to state his views about Trump's obstructions of justice to the Americans. This will not help Democrats to make a clear case for Trump's impeachment.
The writer is a business and economic professor at BCC.
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