Louisiana supported Donald Trump like no other state in the country. This is Trump Country. So is Iowa, Kansas, parts of Michigan, Pennsylvania and others. However, according to many experts, including Tulane's economist Peter Ricchuitti, Louisiana is being hit the hardest now than most states and has a significant amount to lose, should the tariffs keep coming.
Ricchutti discussed this issue during the fourth segment of our Live Stream interview recently.
Make America Great Again has been the rallying cry since the onset of Donald Trump’s bid for the presidency. In fact, according to many experts, during the course of his brief presidency, the economy pretty much has been great. Part of the reason so far has been Trump’s relaxation of regulations which businesses have found suffocating. Also, many experts and business people point to the recent tax break. But, what exactly does “Make America Great Again” mean in the area of its economy?
How is Louisiana's economy doing now that the oil prices have improved, especially since Louisiana is so dependent upon that industry? There have been reports about a poor Louisiana economy, so is it fair to blame the current governor, John Bel Edwards? Is the United States losing the manufacturing battle against the world as President Donald Trump has been claiming?
The US economy is booming. Stock market has soared yet, the first six months of 2018, it has sputtered. Oil prices have climbed, yet, the industry has not yet gushed back. We're in the middle of the second longest economic recovery in history, yet, fears of slow down persists. The US is taking on China and its best allies in the first shots of a trade battle due to tariffs. Economically, all systems are on “go”, full speed ahead, but uncertainty linger.
So, what gives? Has the economy been too good? You know, what goes up, must come down? Or, have deregulation, tax cuts and a bubbling business climate built up such a mighty buffer that any economic leaks due to shifting alliances and trade strategies won't penetrate the optimism?
Might President Donald Trump, whose anti-regulations policies have helped boost the economy, reverse some of the country’s gains with his trade policy, specifically tariffs and potential trade war?
That appears to be the question that many economists and business persons are wondering right now as the tariffs have begun but has not filtered down to some of the component manufacturer’s yet. Yet! Which is the point that Jay Lapeyre appears to be making in my interview that I did with him yesterday.
Tariffs. Trade war. Who wins? Who loses? What might the impact be on the State of Louisiana and its businesses?
The Red Hen got egged today, except it was the wrong bird. The Washington DC Red Hen which has nothing to do with the one in Virginia whose owner disgustingly gave Trump’s press secretary Sarah Huckabee Sanders, the boot, has received threats and eggs thrown at it.
You're upset over Trump Derangement Syndrome. I'm outraged about moer "Trump Lies Syndrome".
Today, was Exhibit A.
During the White House signing of the executive order reversing his outrageous “zero tolerance” policy on the issue of separating children from parents, Trump did a “birther”.
Respectful and refreshing.
Those are the words that came to my mind after discussing the Louisiana budget issues with former conservative Republican House of Representative Brett Geymann of Lake Charles, this morning via Bayoubuzz’s Facebook, Twitter and Youtube Live.