Trump is using strategies with his economic policy similar to Boeing's strategy in launching the 737MAX.
Boeing's goal was to get the new plane out as quick as possible so as to realize as much profit as soon as possible. In their rush for profit, they did not do all that was necessary to make sure the plane was safe for the long run. For 2 years, after the initial launch, Boeing made huge profits but then their quick profit strategy caught up with them and they are now in big trouble financially.
Trump is providing quick stimulus to the economy that will have near term gains at the cost in the future. A large tax cut has provided a big stimulus but the debt is increasing at the highest rate in history. We will pay the price in the future. He has cut government regulations taking away consumer protections and environmental protection for short term gain but consumers and the environment will pay the price in the future. He is focusing on 20th century jobs like coal mining and manufacturing that have no legs instead of high tech and AI jobs that will not pay off for years.
We can expect the same results for Trump's US economy that Boeing experienced with their 737MAX launch.
Boeing's goal was to get the new plane out as quick as possible so as to realize as much profit as soon as possible. In their rush for profit, they did not do all that was necessary to make sure the plane was safe for the long run. For 2 years, after the initial launch, Boeing made huge profits but then their quick profit strategy caught up with them and they are now in big trouble financially.
Trump is providing quick stimulus to the economy that will have near term gains at the cost in the future. A large tax cut has provided a big stimulus but the debt is increasing at the highest rate in history. We will pay the price in the future. He has cut government regulations taking away consumer protections and environmental protection for short term gain but consumers and the environment will pay the price in the future. He is focusing on 20th century jobs like coal mining and manufacturing that have no legs instead of high tech and AI jobs that will not pay off for years.
We can expect the same results for Trump's US economy that Boeing experienced with their 737MAX launch.