Donald Trump, a US presidential candidate from the Republican Party, is winning the presidential race. He has already become the easy winner of primaries in Nevada, New Hampshire, and South Carolina.
Many experts do not believe Trump can get the highest percent of the vote in November, but some investors are wondering what would happen to the US economy if Donald Trump was the president. There is no way to answer this question now since Trump has stated only few clear policy positions, and even those have changed from time to time.
Moreover, the evidence of the past 70 years shows that presidents barely affect the economy at all.
Almost all his statements are judged confrontational by the public. His speeches on taxation barely differ from typical rhetoric of Republicans who permanently request tax cuts, which threaten to foster government debt.
Trump intends to increase expenses for military forces, veterans, migration control, and the national pension program, at the same time cutting prices for meds.
The more sectors receive support, the more other spheres are doomed to face contraction of financing. According to some experts, Trump’s approach would need a 10% gain in GDP annually to bridge budget deficit.
So, for now, Trump’s ideas look like fantasies of a scandalous billionaire.
