Will Trump Change the Game Or The Players? – Ep. 222

The Peter Schiff Show Podcast

Short and not-so-sweet. Maybe that's how you would describe President Trump's inaugural speech Which, I think was the briefest since Jimmy Carter But now, Donald J. Trump is the 45th President of these United States I did in general like his speech; I agree with much of what Donald Trump had to say Talking about how bad things are in the U.S. economy Yes, there were some people who benefited People in Washington certainly benefited, certainly Washington has been booming, right? Because they've been sucking all the wealth out of the rest of the country So the bureaucrats and certain segments of the population have benefited From central planning and central banking and the cheap money and the bubbles But Donald Trump hit the nail on the head When he talked about all the factories like tombstones littering the landscape How our wealth has been sucked out The Middle Class has been hollowed out and the country is hurting All this is true, and I like the fact that he says we're going to take back the government for the people Take it away from the elites, take it away from the bureaucrats and bring the power back to the people All that is great. The question is, What exactly does Donald Trump mean by that? Does he mean, get the government off the people's backs? Does he mean unshackle us from government Get rid of all the regulations, get rid of all the taxes and government spending Get rid of all the bubble blowing Let's have sound money and higher interest rates Let's have a real economy so that individual Americans can pull themselves up out of the ditch on their own? That we can roll up our sleeves and work our way out of this gigantic hole that the government placed us in And if it's going to be free enterprise, limited government and freedom? Of that's what he means by "Taking back the government for the people" Then, that's great But what if he doesn't mean that? What if he means a Trumpian "New Deal"? What if he's talking about government proactively doing things to "help" the middle class Like big spending on infrastructure, where the government employs the people directly And creates jobs, like they did during the Great Depression?