Donald Trump Has No Jobs Plan At All

For indispensable reporting on the coronavirus crisis, the election, and more, subscribe to the Mother Jones Daily newsletter.


Will cutting taxes on the rich, combined with reducing regulation on Wall Street and big corporations, create millions of jobs, as Donald Trump claims? As you may recall, we tried that tonic fairly recently during the presidency of George W. Bush. It didn’t really turn out so well:

Jobs started to recover sooner on Obama’s watch than Bush’s, probably thanks to his stimulus package. Bush just cut taxes on the rich and left it at that. Still, maybe you think this chart isn’t fair. We really ought to measure from the trough of the recession. Here you go:

Based on his speech this morning, there’s no real difference between Bush and Trump on economic policy except for Trump’s claim that he’ll get tough on trade. I doubt that, myself, but it hardly matters. Renegotiating a couple of trade treaties just wouldn’t generate very many jobs. Done badly, in fact—a pretty likely scenario in a Trump presidency—it would hurt job growth. Trade wars have a habit of doing that.

Note that I’m not really making a case for the brilliance of Obama’s economic policies here. I’m just pointing out that Trump’s policies are little more than the same tedious stuff we’ve heard from Republicans for years. If he thinks this tired old rehash is going to supercharge the economy, he ought to at least make some kind of case for it.1 It didn’t work for Bush. Why should it work for Trump?

1And don’t even think of pretending that 9/11 ruined the economy under Bush. It had only a minor, short-term effect. If anything, spending on Bush’s wars acted as a stimuls.

DOES IT FEEL LIKE POLITICS IS AT A BREAKING POINT?

Headshot of Editor in Chief of Mother Jones, Clara Jeffery

It sure feels that way to me, and here at Mother Jones, we’ve been thinking a lot about what journalism needs to do differently, and how we can have the biggest impact.

We kept coming back to one word: corruption. Democracy and the rule of law being undermined by those with wealth and power for their own gain. So we're launching an ambitious Mother Jones Corruption Project to do deep, time-intensive reporting on systemic corruption, and asking the MoJo community to help crowdfund it.

We aim to hire, build a team, and give them the time and space needed to understand how we got here and how we might get out. We want to dig into the forces and decisions that have allowed massive conflicts of interest, influence peddling, and win-at-all-costs politics to flourish.

It's unlike anything we've done, and we have seed funding to get started, but we're looking to raise $500,000 from readers by July when we'll be making key budgeting decisions—and the more resources we have by then, the deeper we can dig. If our plan sounds good to you, please help kickstart it with a tax-deductible donation today.

Thanks for reading—whether or not you can pitch in today, or ever, I'm glad you're with us.

Signed by Clara Jeffery

Clara Jeffery, Editor-in-Chief

payment methods

We Recommend

Latest