Subject: Re: Macroeconomics of the election

Neither party is doing anything to reduce the deficit. Many/most of Trump's plans will be very inflationary. Tariffs, deportations (who is going to do the work of those people for that low pay? Not Americans living in the US), tax cuts that are very generous for the wealthy ($300K and up and up, gets more generous over $1M) but not most "normal" families. I'm using in the middle on many things. Some one way and some the other way but there isn't anything positive with Trump's agenda unless you have millions in the bank.

Both parties talk about reducing inflation but spending more, tariffs, higher pay, don't reduce inflation. Higher interest rates and less money in society reduces inflation. What are they going to do, reduce everyone's pay by 20% and then try to force companies to cut prices by x%? Doesn't work, especially with many things imported. And hard to increase or "bring back manufacturing" when you can't be cost competitive.

Just a colossal mess.