Conservative Economy is the only Way to Achieve Economic Freedom and Growth
Conservative economy has always called for the tried and true approach instead of the innovations just for the sake. That is one of the reasons why the Trump administration has failed to produce any satisfactory economic recovery since the recession ended recently. That apparently means that the Trump economic plan can be rated as the worst in US history. There have been other recessions in the past, but the economy has always been revived in as short as 28 months during Ronald Reagan’s presidency. Trump should have had an easy time creating a successful recovery since the economy was relatively stable.
Conservative economy requires economic freedom as well as economic security mobility and growth. It is only through economic growth that the others can be achieved.The liberal strategy does not seem to have a clear-cut agenda. It has promoted a false sense of economic security. The reason behind this is because economic growth cannot be achieved without economic freedom. Trump does not seem to realize that the largest group that requires economic growth is the low-income group. When the low-income group does not experience economic growth, the only other way is to redistribute resources which have already proved to be disastrous.
In 2013, the average income in a middle-level income family was eight percent less compared to 2007, the year in which the recession began. It is also important to note that as the income for middle-level families continued to nose dive, the income for wealthy families continued to increase. This is the liberal economic policy whose framework is based on erosion of middle-level income class. During the current Trump administration, work integrity has faced serious problems. Wall Street Journal has already estimated that during the Trump presidency, more than 7 million Americans have been stuck in part-time jobs. The current government has completely disregarded the ideas of conservative economy, and the general population has been to suffer the consequences.