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Trump Fans Seeing Reagan Economic Redux Forget Lessons of 1980s

  • President-elect policies may not pack same punch as Reagan’s
  • Rising budget, trade deficits under Reagan a warning for Trump
Bloomberg business news

Is Trump the Biggest Risk to His Own Economic Policies?

Donald Trump is no Ronald Reagan. But then again, neither was Reagan.

Stocks and the dollar have risen since the Nov. 8 presidential election on hopes that Trump’s advocacy of big tax cuts, increased defense spending and deregulation will usher in another period of prosperity. The coming change will be a “profound president-led ideological shift” akin to Reagan’s, according to Bridgewater Associates founder Ray Dalio. Trump’s advisers and the billionaire himself have embraced the comparison.