In: Operations Management
write a paper on the An economic and management assessment of President Trump’s first term
Economic assessment of president trump:
In his one year term, there was a good job growth with less rate of unemployment. And also the stock markets have hit great heights in 2017 & have continued this year also. Trump’s Dow 30 increase of 25.1% beat obama’s 18.8%. There was also good GDP growth of 3% & 3.1% for July & September months regularly on an annual basis.
There were 2.06 million jobs created which was less than obama’s last 6 years term. Also good number of companies were providing bonus due to tax reform bill passing or may be to retain the employees from leaving.
There are also various questions like what the president will be doing with agreements like NAFTA that helps to predict what would happen to the US economy & the stock markets over the next few years.
Management assessment:
His administration has hired & fired several controversial figures like which includes chief strategist of white house Steve bannon. His approach is to keep his enemies & allies at their toes
He also fired acting attorney general sally Yates as she refused to defend the travel ban arguing it as unconstitutional.
Republicans in Washington DC control either end of Pennsylvania Avenue with the White House on one end and Capitol Hill on the other.
The level of control is so dominant, in fact, that Republicans have not a governing majority this large since 1929.
In this context, one would assume the GOP wish-list of repealing Obama care; cutting taxes and rolling back regulations would have been relatively easy. One would be wrong.
President Trump's largely hands-off approach to the legislative process has allowed factions of GOP lawmakers to bicker and openly fight with one another regarding the direction the party should travel.
While President Trump likes to portray himself as the victim of "fake news" at the hands of a biased media, the reality is that he is often his own worst enemy.
His constant use of Twitter to belittle real and perceived political opponents is beneath the dignity of his office.
World leaders remain perplexed if not angered by his behavior and talk of Trump's mental fitness is so commonplace that it almost feels normal. Which it is not.
President Trump has been dogged by allegations of racism and his disparaging comments regarding Haiti and poor countries in Africa last week has even the president's closest allies shaking their heads.