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Your guide to what the American elections mean 2024 for Washington and the world
The writer is the director of economic policy studies at the American Institute of Institutions
Wall Street's confidence in the American technological leadership was shaken this week with the unveiling of the latest artificial intelligence model in Depsic. It seems that the Chinese young woman came out of nothingness.
This episode should highlight the wisdom of President Donald Trump's approach to artificial intelligence. for him Executive order With regard to technology, it is impressively clear: “It is the US policy that is to maintain the dominance of Air Amerm in America.” Eliminate Policies From the Biden Administration, which was “progress and controlling the development and use of artificial intelligence” according to many goals, including “stock progress” and ensuring that artificial intelligence does not “increase the quality of the job” or cause “disturbances in harmful forces”.
I am pleased that I have a president that gives Amnesty International's importance to economic prosperity and national security. This is not the only good step by Trump between the activity raid since his inauguration.
His efforts to release The energy sector and the expansion of ground and nuclear thermal energy production is worthy of praise. It will increase the reliability of electricity supplies and reduce energy costs for families and companies. The new president is already reverse Biden's fools stop the new export permits for liquefied natural gas.
At the same time, ending the era of Lina Khan as head of the anti -monopoly enforcement agency in the country may breathe a new life in the business community.
All this is the release of animal spirits – not only between the major bankers and the CEO. Feelings rise in the main street as well. In December Record The biggest monthly increase since 1983 in the net percentage of companies that expect to improve the economy. These positive feelings can be translated into expansion, innovation, investment, speeding productivity and increased wages.
Elsewhere, the new government efficiency should coincide with trying to increase the efficiency of the federal government. Ronald Reagan Note The “government office is the closest thing to the eternal life that we will see on this land.” This observation was made in 1964. Since then, the federal government has grown as a share of the annual GDP with more than 30 percent. If Doge is able to work with Congress to prove Reagan's mistake, then everything is better.
Public sector employees hold public confidence positions and some of Trump efforts Government workers must be welcomed according to higher performance standards. For example, the vast majority of them are expected to work in their offices for five days a week, as they will be more productive and able to generate the highest return on taxpayer dollars.
Trump has a different approach to taxes, too. The Biden Administration wanted to participate in the international companies card, known as Paral II, in order to prevent other countries from reducing business taxes. Trump wants to increase corporate taxes in the United States. I am with him.
The president was right in halt $ 300 billion in green energy financing. It would be better to use this money to finance the tax cuts of business such as full expenses, which would He increases Investment, productivity and wages.
Trump has been the president of less than two weeks, and the success or final failure of all these initiatives will depend on its design, implementation and implementation. This is especially true for migration. For example, there will be 200,000 illegal immigrants this year who committed serious crimes that will be good for the nation. But an attempt to deport illegal immigrants in 2025 would harm workers, companies and societies.
Likewise, if done properly, the efforts made to decrease diversity, shares and inclusion plans can increase the focus on merit and reduce racial discrimination in the labor market. But they can also exacerbate the discrimination if it is treated poorly.
There is a lot about the new management to criticize it, for sure. For example, Trump's decision to pardon the rebellion violence on January 6 was horrific. Regarding the economy, among other examples, its threats to increase customs duties on America's allies can reduce business investment and weaken international alliances. It is likely to continue to do so to reject To cut medical care and social security spending, which leads the country's unimaginable financial path.
But the president's critics will not do any preferences by not opening up to the good things that his administration will do – and I have already done so.
