Trumponomics Part 2: Consequences

Part the 2nd. Is there any hope?

The Political Economy of Development

TrumponomicsSince taking office Trump has proved unpredictable, but what are the likely outcomes of his policies? His executive orders aside, he has not had it all his own way, despite Republican majorities in both houses of Congress.

Yesterday I outlined the economic causes of the rise to power of this ostensibly populist president. This post reviews some of the potential consequences of Trump’s economic policies, as discussed in the book Trumponomics.

Jobs and growth

The centrepiece of Trump’s economic strategy, if in fact it has any coherence at all, is a pledge to put ‘America first’ and raise the growth rate of the US economy from its currently sluggish 2% per annum, to something like 4%. In doing so, he has promised that this will create 25 million jobs over ten years.

The pledge on jobs, if it is achieved, would in fact be nothing special when looking at…

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My work background is in operational meteorology and in my career I have been involved in forecasting for everything from bananas to jumbo jets.I joined the Met Office 1974 as an observer at Glasgow Airport. After training as a forecaster, I worked as an Operational aviation forecaster at various defence sites and airports. In 1982, I moved to Glasgow Weather Centre as a forecaster and STV broadcaster till 1988. He then took up a post as Senior Forecaster London Weather Centre, then Senior Forecaster ITV where I qualified as a trainer in presentation techniques for the ITV Association. After being diagnosed with MS, he moved into management and became Head of London Weather Centre in 1997 followed by a period of front-line management for Southern England and Europe covering London and Cardiff Weather Centres and the Met Offices on defence stations from Akrotiri in Cyprus to St Mawgan in Cornwall. He took up the post of Met Office Chief Advisor for Scotland & Northern Ireland in March 2008 and moved to Edinburgh. I retired in September 2014. My one claim to fame is once performed a comedy sketch on TV with Manuel (Andrew Sachs) from Fawlty Towers in support of Comic Relief.

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