Companies will spend more of their windfall from the tax cut on buybacks than on workers.

This is no surprise.  Many people predicted it.  Corporate executives work for their shareholders, not their employees.  So who do you think they would give the money to?

Solar Panels

I agree with Trump that we should protect American jobs.  However, the proposed tariff on foreign solar panels is short-sighted and will cost jobs in solar installation, a growing industry.

I don’t think it’s a coincidence that Trump would damage the solar industry since he supports their competitors in fossil fuels.  He is trying to take the US back into the past instead of leading us into the future. Trump also doesn’t believe in climate change so he doesn’t care about clean energy.  Sad!

 

Economic gains are highest in areas that voted for Clinton

This analysis shows that the job gains in the US are occurring in the major metropolitan areas that voted against Trump rather than in the areas that supported him.  This is an ongoing trend that will continue because of digital technology that is creating jobs in urban areas.  Growth has been slower in jobs in Trump-supporting areas like manufacturing, oil and gas, and agriculture.

An earlier analysis soon after the election noted:

“The less-than-500 counties that Hillary Clinton carried nationwide encompassed a massive 64 percent of America’s economic activity as measured by total output in 2015.  By contrast, the more-than-2,600 counties that Donald Trump won generated just 36 percent of the country’s output—just a little more than one-third of the nation’s economic activity.”

In spite of this, the areas with lowest growth and production control the White House and Congress.  Sad!