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President Trump’s MAGAnomic Main Street policy initiatives surround a very basic set of principles. To add wealth to the middle class you: A.) increase wages, and B.) lower the cost of living.
Increasing wages is the long-term economic outcome from America-First business and corporate manufacturing policies (Secretary Wilbur Ross), in combination with fiscal policies (Secretary Mnuchin). Subsequently, within his economic agenda, President Trump visibly engages an extraordinary amount of effort on both Commerce and Treasury.
Part - Plan - Middle-class - Wealth - Cost
However, there’s a part of the plan for reestablishing middle-class wealth that also comes from lowering the cost of living (high consumables). That’s where EPA Administrator Scott Pruitt intersects with Ross and Mnuchin as Pruitt works to lower energy costs.
Energy - Costs - Benefit - Economy - Cost
Lowering energy costs has an exponential benefit to the overall economy. Not only does it drive down the cost of domestic highly consumable products, but it also binds the building blocks of the manufacturing and production sector. Lower energy costs offset higher wages on products manufactured for export and helps keep the U.S. competitive.
President Trump is uniquely qualified as a successful businessman (non-politician) to have developed actual life-skills on Main Street that help him see the bigger value in policy shifts. Politicians usually speak in esoteric terms about economic “costs”; but President Trump has direct experience in how shifts in costs can directly contribute to the Main Street economy.
Manufacturing - Industry - Sectors - Costs - Main
Manufacturing and industry sectors have three top-tier costs as they transfer to Main Street: 1) Raw materials (or finished goods depending on sector); 2) Labor costs; and 3) energy costs. If you lower any of the three drivers you lower the cost of business operations.
President Trump is actually the only President in modern history who is working to lower both material costs and energy costs simultaneously. In doing so, the short term benefit to the middle-class worker is a lower...
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