Letter to the Editor: Trump economic policies worked
(Letter to the Editor - Photo Illustration - MetroCreativeConnection)
We don’t need anyone writing a barrage of letters to the editor telling readers how terrible a second Trump term would be for the economy. Americans are currently experiencing the worst economy in recent history, under the Biden-Harris administration. A Harris-Walz would be more of the same but much, much worse.
I studied history, political science and economics at WVU-P years ago, but never viewed myself as an economics expert, depending on how loosely you define “expert.”
That said, I did learn the “trickle down” economics policies practiced by Donald Trump (and Ronald Reagan) are sound economics strategies. No matter what the Democratic propaganda news networks report, the Trump-Reagan tax cuts didn’t only benefit the “wealthy,” they benefited everyone.
When the wealthy receive tax cuts, they don’t allow their money to remain dormant. They invest it to increase their wealth, grow their businesses, meaning more jobs, more employees.
This means more employed workers paying taxes, stimulating the economy and gaining more revenue for the government. The government gains more revenue by cutting taxes than by raising taxes, as Trump and Reagan have proven.
Were it not for the Covid virus, which would have occurred no matter who was president, and the fake news blaming Trump, Trump would have been re-elected. Our economy would have recovered and today be booming.
According to top economists, Steve Moore and David Asman, few Americans are aware the reason gasoline prices are not much higher currently isn’t because of the Biden-Harris administration’s policies. It’s because of all the drilling done during the Trump administration of oil wells, which are still producing. When these wells dry up, if new wells aren’t drilled and in production, prices on oil, gasoline, groceries and almost everything will soar, further devastating the economy.
Biden has kept gasoline prices down somewhat by draining the U.S. emergency strategic oil reserves. It was Trump who wisely filled the reserves, while prices were at rock bottom, during the Covid crisis. Had Trump not done so, Biden wouldn’t have had a full oil reserve supply to drain and gasoline prices would be even higher today, for which Biden never gives Trump the credit he deserves. If Harris becomes president, no one should expect her to sanction further drilling or fracking to keep oil prices down.
In brief, Bidenomincs (or Kamalanomics) is paying more for less.
Steve Wolverton
Parkersburg

