Many Americans who voted for Donald Trump did so because of his strong economic platform.
On the campaign trail, Trump promised to “Make America Great Again” by getting rid of regulations and fostering economic growth.
Unlike most politicians, Trump has fulfilled his promises in this regard.
According to the economic analysis group American Action Forum, Trump is doing exactly what he said he would do when it comes to regulations.
From Washington Examiner:
President Trump is winning on one key campaign promise, cutting regulations and virtually eliminating the release of new ones.
In fact, he has cut the output of costly regulations so deeply that a group that charts the federal government’s output of rules has called the shift “historic.”
American Action Forum told Secrets that Trump has cut the output of regulations to just 8 percent of the averages under former President Obama and other recent administrations.
Finally, after 8 long years of bureaucratic incompetence and executive overreach under Barack Obama, the American people can breathe a sigh of relief.
Enough was enough with Obama’s regulations. The economy was stifled, and large and small businesses alike were unable to grow in the harsh regulatory climate.
Liberal politicians fail to understand that regulations do more harm than good. For every problem solved by regulating the economy, countless more are created.
Understanding the true nature of regulations does not require an advanced economic degree. It is an obvious fact that businesses need freedom rather than restrictions in order to prosper. It is also obvious that when we restrict ourselves, overseas competitors with fewer regulations take our place in the market.
Nevertheless, liberals ignore these facts.
Before they push for more regulations, liberals should consider the metaphor of two neighborhood children who operate rival lemonade stands.
One child runs her stand with few regulations. She makes sure that her lemonade is safe and tasty, but otherwise she uses this freedom to minimize her costs.
She begins her lemonade with tap water. Then she squeezes in lemons that she bought in bulk from the supermarket, and she mixes in sugar from her pantry.
At the end of the day, her lemonade costs 50 cents per glass.
The other child runs her stand with many regulations. Since she worries that tap water may have some impurities, she only uses bottled water for her lemonade. Additionally, since she is morally opposed to GMOs and pesticides, she purchases organic lemons from an upscale market downtown.
To sweeten her lemonade, she buys her own sugar, since she refuses to use the already opened sugar from her pantry.
At the end of the day, her lemonade costs $2.50 per glass.
Now, imagine these lemonade stands are across the street from one another. Assuming the lemonade ends up tasting the same, whose stand would be more popular? The stand that charges 50 cents per glass, or the stand that charges $2.50 per glass?
The answer could not be clearer. So why do liberals ignore such logic when devising their economic policies?
There is nothing “progressive” about telling Americans how they can and cannot operate their businesses. Doing so is nothing short of immoral.
President Trump understands that excessive regulation helps no one, and he has actually done something to Make America Great Again.
Keep up the great work, Mr. President!
Source: Washington Examiner