As the US prepares for a shift in leadership that will massively impact how America does business, there are many reasons for optimism. Once again, Donald Trump will be inheriting a strong Democrat-engineered economy. During Joe Biden’s presidency, full-time employment has surged. GDP growth has been robust. Average hourly earnings are on an upward trajectory.
The Chips Act is also set to have a sweeping impact. With its focus on reshoring US semiconductor production, it has allocated major funding for projects in Arizona, Texas, Ohio, Utah and other states. This will create thousands of new jobs and improve US global competitiveness.
I put significant effort into electing vice-president Kamala Harris. Nevertheless, I am hopeful that president-elect Trump will build upon Biden’s work and reduce inflation, enable high-tech innovation and increase investment in US business.