Economist reveals the ‘crazy things’ Americans can expect after the election
Heritage economist Peter St Onge breaks down Trump’s economic policies to ‘Make Money.’
As ominous forces swirl around the state of America’s economy, one concerned economist is sounding the alarm about what Americans might get after the election.
“That’s the most worrying thing, that ‘Politics 101,’ that he hides all the crazy things until the election is over, and Kamala’s administration knows what they’re doing,” Heritage Foundation visiting fellow Peter St Onge said “Making Money,” on Tuesday, before the polls closed.
“We have seen a lot at the beginning of the campaign,” he continued. “Before Kamala thought that she would be elected as president, she talked about environmental laws, focusing mainly on production and energy.”
When FOX Business host Charles Payne asked St. Onge if he saw “scary things” in the economic atmosphere, he responded by reminding Americans of the policies that won’t be talked about much in the final days of the campaign.
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“So the concern is, how much of this is coming after the election? Remember that a few months ago, they were earning money that has yet to be reached. [tax]. So, in essence, a wealth tax. He controlled floating prices in grocery stores. Then all that was quiet as we entered the election, because that’s how you do the election when it’s over on November 5,” explained St Onge.
Heritage Foundation visiting economist Peter St Onge explained the economic implications of the 2024 presidential election. (FOX Business)
“If, heaven forbid, it succeeds, all those things will come roaring back.”
The resident economist blamed Trump’s proposed second-term policies, including taxes — which are traditionally favored by capitalists.
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“If we look at Trump 1.0, it was really Reaganesque, right? There were two things that were concentrated there in the economy, which reduced taxes, reduced regulations,” St. Onge began.
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“I was shocked that Trump was able to lower the corporate tax rate. That’s very easy to demonize. It’s very difficult to get those three politically. I was shocked that he would withdraw that.” he added. “So you’re talking about lowering corporate taxes, business, income taxes.”
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He added: “For Joe Rogan a few weeks ago, [Trump] said, ‘Let’s just get rid of everything dirty and the income tax, put everything back with tariffs,’ which, of course, is what we did in America’s golden age. Before 1913, the federal government was funded entirely by expenditures. “
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