Now that Donald Trump has taken the oath of office, the people who voted for him are waiting for their illegitimate president to make good on all the things he assured he would do. The problem for them is that most of these promises cannot and will not happen, whether Herr Gropenfuhrer Von Thinkskin tries to follow through on his campaign platform or not.
I’ve been seeing a little flicker of buyer’s regret on social media from voters that Trump won’t live up to the hype. He has promised to build the wall and make Mexico pay for it for it later, but there isn’t the money right now to finance this fiasco, and where will all the cheap construction labor come from if 11 million undocumented workers are deported?
If you still aren’t convinced that Herr Gropenfuhrer doesn’t have your best interests at heart, consider the fact that one of Trump’s very first actions was to take away the FHA mortgage insurance premium cut. So if you’re like me and you’re in the market for a house, look to spend an extra $500 a year or perhaps even more on your mortgage insurance.
Via The Washington Post:
The reduction was scheduled to take effect on new FHA loans insured on or after Jan. 27. A buyer who this week went under contract to buy a house using an FHA loan may now find that his monthly payment has gone up. It was estimated the reduction would have saved borrowers about $500 per year.
“According to our estimates, roughly 750,000 to 850,000 home buyers will face higher costs, and 30,000 to 40,000 new home buyers will be left on the sidelines in 2017 without the cut,” William E. Brown, National Association of Realtors president, said in a statement. “We’re disappointed in the decision but will continue making the case to reinstate the cut in the months ahead.” (Source)
Trump cannot deliver everything he has promised his supporters. The coal industry has been dying for decades, and the industrial jobs he promises to bring back have been replaced by automation years ago. Very few Americans are willing to pick lettuce in the hot sun for 8 or 9 dollars an hour, which is why the farming industry is so dependent on foreign labor. Deporting these workers will cause economic collapse in the agricultural sector and hurt the states that voted for Trump the most.
We simply cannot return to the 1980s or the other decades of Americans industry before globalization took over, but that’s exactly what Trump was promising them when he said he would “Make America Great Again.” Our economy is dependent on global trade and pursuing a policy of isolationism and protectionism will cost jobs, not create them.
President Obama left Trump a strong economy with low unemployment, high consumer confidence and millions of Americans covered by affordable insurance. Depending on how long he remains in office, The Donald could reverse things back to the Bush Recession, or even worse. Hold on to your drawers and red “Make America Great Again” caps, snowflakes. It’s going to be a bumpy ride. You might have your guns, but you may not have a home to keep them in for long.
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