Whose policies are likely to promote stronger economic growth?
(page 2 of 2)
And the winner is — nobody.
By David Blaska
Let's start with the Green Party candidate.
Capitalism: Jill Stein on March 5, 2013: “I share great sadness with so many people around the world who are mourning President Hugo Chávez … I wish the people of Venezuela continued success in their struggles for self-determination and a more equitable society.” Advantage: the black market in toilet paper.
Health care: Instead of pronouncing last rites on Obamacare, which is already flatlining, Hillary would Feel the Bern and adopt a public option. Advantage: death panels.
Tax reform: Trump would collapse the seven income tax brackets to four. The top tax rate would be 25%, down from 39.6%. (He must hear Paul Ryan.) Hillary, by contrast, creates a new top bracket of 43.6%. Advantage: Cayman Islands.
National debt: Trump’s tax cuts could add $11.9 trillion to the national debt over the next 10 years, according to the Tax Foundation, unless those cuts are accompanied by reforming entitlement programs and that he won’t do. (Maybe Trump is not listening to Paul Ryan, after all.) Advantage: Chinese junk bonds.
Spending: If you think college is expensive, wait until Hillary makes it free! Hillary would raise the federal minimum wage to $12 an hour (up from $7.25) but Trump has hinted he might raise it, as well. Only Gary Johnson would eliminate it. Advantage: women’s studies majors.
Immigration: Trump may or may not build a wall and may or may not round up illegal immigrants. Advantage: Telemundo news bulletins.
International trade: Johnson says: “If China wants to spend $10 producing a product and sell it for a buck, who benefits from that? I think we do. Free markets work.” But he can’t get elected. Trump’s “America First” philosophy would reinstate the Smoot-Hawley protective tariffs that unleashed a worldwide economic depression in the 1930s. He would tear up NAFTA; even Hillary opposes TPP. Advantage: Huey Long and Father Coughlin.
After running the data through Old Sparky, our Eisenhower-era mainframe computer coughed out the winner: Sweet Meteor of Death. Advantage: some smokin’ National Geographic TV specials!
David Blaska is a Madison columnist and In Business blogger. Find his blog at ibmadison.com/blogger/bring-it.
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