Donald Trump wants to make America even bigger if the voters let him again. In fact, some of his goals sound much more ambitious than they are.
NShortly before the start of the Republican nomination party conference, Donald Trump’s campaign team put together a kind of president’s agenda, titled “Fight For You,” with 50 goals that Trump wants to achieve if voters approve a second term in the White House. His “boundless optimism and confidence in America’s greatness” are reflected in the agenda, which is in stark contrast to Joe Biden’s dark vision for America.
The program focuses on economic and social policy goals. It is also noticeable because it is exceptionally short. The goals are briefly described in postulates and without any additional concretization. The decoupling from China, the promotion of “Made in America” and a restrictive immigration policy are core elements of the list and at the same time classics that Trump has given every speech he makes.
At the top of the bulleted list, however, is the goal of creating ten million new jobs in ten months. That sounds like a lot, but in view of the job losses as a result of the Corona crisis, it is not overly ambitious. As a reminder, the American economy has lost more than 13 million jobs. America’s labor service registered 16 million unemployed in July, 10 million more than in February before the crisis. Another four million Americans have left the job market completely.
The bankruptcy wave hit many
The target announced in the list of creating a million new companies falls into the same category: It sounds like a lot, but is hardly enough to offset the pandemic bankruptcies that the American economy is currently experiencing. NFIB, an association of small business owners, recently published a survey among members that one in five entrepreneurs feared having to close the doors of their business forever if the situation does not improve within the next five months.
And another explosive number illustrates the development: The number of companies with sales of more than one billion dollars that have applied for bankruptcy protection is increasing faster than in the financial crisis recession of 2009.