Economists agree: Trump, not Obama, gets credit for economy

I think most rational people will agree that GDP is probably a bit higher with Trump. If you cut regulations, especially environmental ones, to the point of allowing businesses to do whatever they want, they will obviously produce more in the short-term.

The long-term effects and sustainability trouble me. For example, if we allow coal mines to produce unfettered, then GDP and employment will go up in West Virginia, at the cost of literal deaths due to pollution and the possibility of falling behind in the clean-tech that will dominate the 2020's.

Similarly, cutting taxes on the wealthy and corporations (I actually agree with the corp. tax cut) may work in the short-term, but eventually, the middle class needs wealth in order to fuel the economy. I don't see the Trump admin. making any moves to give the middle class real, long-term, standard of living increases (no, $1,000-$2,000 smaller tax bill does not count).

There are balances between economic growth and regulation. So far, all I've seen from Trump and Republicans is screaming that regulations are bad, without any nuance or appreciation for what they might do. No doubt, some may be overly onerous, but the Trump administration has shown that they will simply cut regulations for the sake of doing so. Our GDP may be 1% higher this year, but lets see where we are in 2025, when other countries have cheaper energy because they invested in clean-tech infrastructure, or have a robust middle class that still has purchasing power.

/r/samharris Thread Link - thehill.com