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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?

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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.