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The High Cost of Replacing Trump

September 12, 2019 By Debbie Young

President Donald J. Trump delivers remarks at a September 11th Pentagon Observance Ceremony Wednesday, Sep.11, 2019, at the Pentagon in Arlington, Va. (Official White House Photo by Andrea Hanks)

The Democrats’ promised Green New Deal could potentially cost tens of trillions of dollars, according to Andy Laperriere, reports the WSJ.

Andy Laperriere of Cornerstone Macro informs clients, “The cost of new regulations is down more than 80% since Trump took office, which amounts to close to $100 billion less — each year — in the cost to the private sector of new government rules.”

How Much for Democrats Green New Deal?

What may be less appreciated by investors is just how universal the reach of the Democratic regulatory agenda would be. The Democratic presidential candidates are calling for a more aggressive approach to antitrust enforcement. The major tech companies are in the crosshairs, but tough antitrust enforcement will by no means be limited to them.

Many of the Democratic candidates are calling for criminal prosecutions of companies and top corporate leaders. They are promising federal agencies will be much quicker to file lawsuits against business and impose stiffer heavier fines.

Read more here.

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Debbie Young
Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.
Debbie Young
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