Whose policies are likely to promote stronger economic growth?
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From the pages of In Business magazine.
Welcome to "Political Posturing," featuring opposing views on current issues important to Wisconsin's business community. In this column, Wisconsin Business Alliance Board President Brad Werntz and conservative columnist David Blaska offer their opinions from the left and the right, respectively.
Hillary trumps them all.
By Brad Werntz
Since we have a tight word count here, let’s clear the table a bit. Green Party candidate Jill Stein has some good ideas about the economy, and we’ll get to these. Libertarian Gary Johnson believes in austerity, so the potential of his policies can be summed up in two words: “See Greece.” But neither will be elected, so let’s save a few words for Trump and Clinton.
First Trump: Why would anybody trust a four-time bankrupt reality-TV star with the national economy? Trump even failed in the casino business, where people bring all of their money to your hotel, and then they leave it behind when they go home. This man has never built a fortune; rather, he has been very good at convincing lenders that he can float tremendous debts, all evidence to the contrary. As he’s careened from one failure to another, he has sold the myth to many that he’s a huge success, which is no small feat considering his tiny hands.
Now Clinton: Not only was she First Lady during one of the largest non-war economic expansions in U.S. history, she also agrees with Jill Stein, Bernie Sanders, and most major economists (who are overwhelmingly Democrats, by the way) about what we should do to reinvigorate our economy: Reinvest in our infrastructure and make the rich and corporations pay their fair share of taxes.
Setting aside the fact that our national economy for the last century has done far better under Democrats than Republicans, and that blue states outperform red states across the board, Clinton offers one thing that Trump can’t: stability. More than anything else, businesses of all sizes thrive in an environment that is stable and predictable and — let’s face it — this simply won’t be possible if Trump is elected.
Brad Werntz is a small business owner and the founder and past board president of the Wisconsin Business Alliance, wisconsinbusinessalliance.com.