According to Dawn J. Bennett, financial expert and host of Financial Myth Busting, there is much to be hopeful about in Trump’s presidency.
First, Bennett says in his Inaugural Address “it was clear that he sees America’s greatest enemies to be here at home: the entrenched interests that believe America should impose itself upon the world, the politicians that serve the money provided by those interests rather than the American people, the entire establishment that has run America into the ground while making themselves rich along the way.”
Then, he quickly went to work to take apart Obamacare. He signed an Executive Order to instruct the Department of Health and Human Services and other applicable agencies to establish changes to make the Affordable Care Act less burdensome for individuals and businesses and to grant states more flexibility. According to Bennett, “It is clear that Obamacare is neither mathematically nor actuarially sound, and the 22 million Americans covered under ACA exchanges and expanded Medicaid under the law are vastly outnumbered by the millions who see Obamacare as a disaster either in fact or in the making.”
Bennett continued, “While it will take Congressional action to repeal the law, this order was both symbolic of Trump’s intent to follow through on his promises and substantive in providing direction within the framework of the existing law to the government employees responsible for its implementation.”
Though Obamacare is clearly not the answer, the question remains what Trump will build to replace it, says Bennett. As stated by House Speaker Paul Ryan, “Can we in this country have a health care system that gives us access to affordable care without the cost of a government takeover and death spiral, which Obamacare is giving us?” Both Ryan and Trump believe they can, and now it’s up to the administration and Congress to make it happen.
Aside from Obamacare, Trump will need to fix the financial system which has been broken under Obama’s eight years in office. According to Bennett, “Many expectations have been set for a growing economy, with fresh infrastructure and renewed hope for the average worker, but the truth is that we have to fix what has been broken, which won’t be free of pain. While the stock market is on a roll, I believe that the market itself is still, to borrow a term from the President himself, ‘fake.’ The market is moving up not because people are buying into it but due to continued central bank intervention and derivatives.”
Under Obama, Americans struggled to make ends meet, and despite Obama’s claims, he did not make the country better or stronger.
“We must hope that Trump can stand up to the Deep State, the entrenched interests that have been running the country for their own benefit. We must hope that he can break through the falsehood, self-interest, and incompetence that has for so long prevailed,” says Bennett. “We must hope that he can build something real and strong to replace what he tears down.”