A False Choice: The Economics of Hillary Clinton and Donald Trump

Do voters really have a clear choice between major party candidates this election?

Democrat Hillary Clinton is an unapologetic statist who always sees a role for government. “Regulation improves living conditions” she once told TV host John Stossel, and her campaign definitely promises more regulation: a higher minimum wage, “fair pay and fair scheduling, paid family leave and earned sick days,” and more regulations on the financial sector (for starters). Like any good Keynesian, Clinton wants to boost government spending, which means more spending on infrastructure, the manufacturing industry, and other things. She has a zero-sum outlook on economic matters, thinking we need to enact policies so America will “win the global competition for manufacturing jobs.” Thus her repudiation of NAFTA, her repudiation of the TPP, and her willingness to impose tariffs on countries that “break the rules.” The cherry on top of this statist sundae is a tax code that makes sure the wealthy pay their “fair share” and punishes companies for “shifting profits and jobs overseas” by imposing an “exit tax” and closes “loopholes.” In Clinton’s mind, this is “a more progressive, more patriotic tax code.”

Republican Donald Trump’s stream-of-consciousness rhetoric may be self-contradictory, but overall, his general philosophy is similar to Clinton’s. A man who supports raising the minimum wage, endorses the seizure of private property for so-called economic development, and proclaims he won’t “let companies move to other countries, firing their employees along the way, without consequences” cannot be viewed as someone who believes government power should have any restrictions. He sees the stimulative benefits of infrastructure spending, vowing to double Clinton’s spending proposals. Trump also sees economics as zero-sum game, stating we’re in the midst of “a trade war, and we’re losing badly.” Hence the need for trade protection that keeps “jobs and wealth inside the United States.” Only this will “make America great again.”

Do you think minimum wage laws have consequences, regulations do harm, infrastructure spending is overrated, and free trade benefits makes us better off? Do you think it is distasteful to wrap these bad policies up in the American flag? If so, then this is a sad year to trudge out to the polls.

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2 Responses to “A False Choice: The Economics of Hillary Clinton and Donald Trump”

  1. End This Election | The Blog For Truth, Justice, & The Josh Way Says:

    […] Napolitano echoes sentiments I’ve expressed on this blog, but goes […]

  2. Jack Says:

    Wow, this post is good, my younger sister is analyzing such things, so I am going to convey her.

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