Expect a lot more of the same if Trump wins a second term

Expect a lot more of the same if Trump wins a second term

Expect to see a lot more of the same if there’s a second Trump administration. President Donald Trump has consistently pointed to tax cuts and regulatory relief as key successes of his first four years in office. He has repeatedly pushed for the end of the Obama-era health law but has yet to deliver a plan to replace it. And he has spent most of this year defending his response to the coronavirus pandemic while fighting openly with scientists and medical experts about vaccines, treatments and more. If he gets another four years in office, there’s no indication of any big policy shift. Low unemployment and a soaring stock market were Trump’s calling cards before the pandemic . While the stock market clawed its way back after cratering in the early weeks of the crisis, unemployment stands at 7.9% , and the nearly 10 million jobs that remain lost since the pandemic began exceed the number that the nation shed during the entire 2008-09 Great Recession. And by Friday, Wall Street had closed out another punishing week with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March. Much of the market’s focus has been on what’s to come for the economy when coronavirus counts are rising at troubling rates across Europe and the United States. Trump has predicted that the U.S. economy will rebound in late 2020 and take off like a "rocket ship" in 2021. He promises that a […]

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