Bad for Business, Too 2
At MarketWatch, M. I. T. Professor Simon Johnson considers the three main components of Donald Trump’s popular appeal and finds them all disturbing and–here’s why this article was carried on MarketWatch–economically destructive. Here’s a bit of what he says about one: the anti-immigrant position:
This is a recipe for a police state — checking identities, raiding people’s houses, and encouraging neighbors to inform on one another. It is also fundamentally anti-American, in the sense of undermining everything that the country has achieved. The U.S. is a nation of immigrants — the best in the world at integrating new arrivals. After one generation in the country, no one cares where your family came from.
Trump — and those who bring him to power — would throw all of this out of the window. The associated social disruption would by itself cause not just an economic slowdown, but a sustained decline in GDP and incomes.
Trump is repugnant on many levels, including an economic one.
June 1, 2016 at 12:30 pm
Hmmm. See last sentence. Could just as well be applied to defense spending, as it has already caused everything defined by those words.
June 1, 2016 at 1:30 pm
He had been playing due to the fact he was ten years old and
loved it. While in higher school, his pal convinced him to try playing basketball 1
day and his journey with basketball started then, and continues right now as he plays for the Illinois Tech men’s basketball team.