Evaluate the Donald Trump’s Presidency on Five Major Industries in US
Donald Trump’s appearance as a president of America must have mixed effect to change top five industries to a great extent. There are many countries in ME and Asia which are suspecting downfall in the certain sectors due to his aggressiveness to tackle few highly sensitive countries. China, Iran, Iraq, Libya, and North Korea will be in danger if Donald Trump strictly follows the order of ‘alternative right’ theory which is designed to facilitate the white community in the world. What will be the ultimate impact of Donald’s advent to the global arena to influence the five major sectors like healthcare, stock market, energy recycling industry and defense/aero space.
Impact on Healthcare Industry - Boon or Bane?
The Obamacare plan will be soon replaced or modernized by Donald Trump to facilitate many patients with pre-existing diseases. Affordable Care Act needs certain brush-up to have new features with handful of good health management proposals. Ryan’s healthcare strategies will be emulated by Donald Trump to boost up the middle class aged people including disabled communities. Under this HSA or Health Saving Accounts, there is good tax deductible healthcare plan for oldies. The expansion of health management programs to remote places will be taken care of properly. HSA accounts will be opened by patients to have tax exemption options when they need month long hospitalization for treatment.Impact on Healthcare
Industry - Boon or Bane?
The Obamacare plan will be soon replaced or modernized by Donald Trump to facilitate many patients with pre-existing diseases. Affordable Care Act needs certain brush-up to have new features with handful of good health management proposals. Ryan’s healthcare strategies will be emulated by Donald Trump to boost up the middle class aged people including disabled communities. Under this HSA or Health Saving Accounts, there is good tax deductible healthcare plan for oldies. The expansion of health management programs to remote places will be taken care of properly. HSA accounts will be opened by patients to have tax exemption options when they need month long hospitalization for treatment.
Obamacare plans cover young adults who take financial assistance through parent’s insurance coverage. Instead, new Ryan’s healthcare plan includes the possibility of flexibility in health insurance for patients with pre-existing diseases. They need much more support and care. It will be expanded to other American cities to benefit economical citizens, oldies and the disabled communities. Donald Trump’s plan is to organize all major health insurance organizations under the new health management act to repeal Obamacare. For instance, a health insurance company can issue a new license in New York and it is also able to operate its business in other state/cities. However, it doesn’t mean that that health insurer will launch the certain type of products in that city to attract customers ignoring the state where the company is licensed to run the business. In addition, young adult persons will get affordable health insurance policies at low premiums. It will cause a problem to new health insurance companies which must bear high expenses by issuing new expensive health insurance plans to youngsters at low interest rates.
Emphasis on Medicare and Medicad
Medicare and Medicadcompanies will be brought back under themodification toenable people to havemore financial benefitsfortackling medical expenses Patients will havegoodmanagedhealthcarewith option to do propermoneysaving.
Energy Industry Getting Jolt- Coal Sectors Will Thrive
Trump will revive coal industry again. Coal mine owners must have new offers to boost up their coal sectors and mines to supply more natural coal to customers. However, Trump has not given any credit to the energy recycling or solar energy industry. There is little hope for faster prosperity in this specific solar energy. Therefore, in future Tesla will be in dangerous condition if it goes for long term deal with Solar City. Trump promises that the US will be a great country through the proper utilization of natural coal and gas. Fossil based resources will be given opportunity for significant growth. The earlier resolution of Obama to save the country through carbon clean-up campaign may be sidelined by Donald.
Defense and Aerospace to Get More Financial Boosters
Donald will generate more dollars in favor of defense and aerospace to undergo reconstruction. The defense system will be upgraded and made much ultra modern to challenge Russia and other heavyweights in Europe. China is now a booming nation with fast military escalation in South Sea. Experts of Pentagon of America confirm the approval of extra $25 billion to renovate defense. Updated FY 18 plan will have this aforesaid amount for covering expenses. Previous government had to cut or reduce the military expenses to the certain extent.
Financial Stock Market
Donald Trump may bring back controversial Glass-Steagall bill to compel banking sectors to separate their commercial retail business. However, this Glass Steagall bill was not favorable to banks in 2008 when American had to pass through economic crisis. However, Donald Trump supports more bank acquisitions and cross border conglomeration or merging to energize the financial stock market in upcoming years.
Trump may beunfamiliar with thetrends oftechprofessionals andmanufacturing companies which have opened new subsidiaries in different countries likeChina , South Korea, andMexico. Donald Trump is against the overseas industry. He blames American companies to outsource high volume of works to India and other Asian countries. EvenApplewhichhasfounded asubsidiary in Chinamust becriticizedbyDonaldas he is not pleased with theactivity ofApollo. In a statement, Donald Trump suggests that Apple must come back to America packing up its business. He puts emphasis of recovery of money stuck in foreign countries. So, investors and financers will buy more bonds and shares in stock market with the stored fund collected from various sources. However, anti-Donald groups protest that still American manufacturing companies have to depend on Mexico to get certain chips and machinery/tools from Mexico. The comeback of Unifier will hamper this supply chain to deal with Mexico. The tech industry will suffer if Donald Trump restricts the immigration law to minimize the scope of making deals with Mexican traders.
Shale Oil to Recover After Trump’s Victory
Shale oil companies like Bakken and Permian are now in the hope of getting the wide space for producing oil in considerable amount to compete with OPEC countries. Saudi Arab, the top OPEC member, decided to cut oil prices to stay resilient in the crude oil market. Donald assured that natural energy industry will have new facelift for fast development. Shale oil companies will have boosters and support from Donald Trump. Advanced technology will be used to enhance the more shale oil production rates. Oil and gas industry will boom with the financial aids given by Trump’s Republican government.
No Short Term Objective for Trump to Have Final Status of Growth in Oil Industry
On the other hand, offshore oil production companies face another problem when they do workouts to open new rigs in various coastal areas located in Alaska . The sudden recession and steady downfall in prices of crude oil made them unhappy. They want more handsome oil prices so that their offshore oil companies can thrive even in deep recession. Trump needs solid congressional support to revise the old projects to instruct drillers and oil companies to start working in a far flung region in Slope of Alaska. It will take at least five or seven years more to redesign previous projects. Trump will have to get support from experts and experienced environmentalists whether oil rigs can be opened in Slope of Alaska. Secondly, comparatively, oil production prices have increased. Oil drillers and rig owners will have to sit for calculation once again. Economic boosters are required from Trump to open the new oil rigs in Alaska territories. In North Carolina, California and Florida, the federal government had to overspend $1.5 billion as a part of compensation. Drillers were compensated due to the failure in implementing the oil production projects in these regions. Therefore, perhaps Donald Trump won’t be fortunate to have the final status within his first term of five years.
We have to give a chance to Trump Presidency in best interest of US citizens
Many economists forecast hopelessly about the outcome of Trump’s presidency after election. There will be a steady decline in stock-market because of the new obstructive policies of Donald Trump. He will maximize the growth of regional market by reducing the importance of cross border business. His cumbersome immigration policy may be another jolt to US stock market as it will experience a fast downfall by 1.6 over 2.6 percentage in the year of 2015. Before its rebounding by the end of 2017 to 2.2 percent, the stock market during Donald’s regime will be hurt. The recession in 2008 may hit US stock market owing to the wrong trading policies of Donald Trump. In this connection, Brexit is a model to evaluate the possible economic crunch in the stock market. Britain will have less chance to deal with Eurozone nations. Theresa May will have to compete with European entrepreneurs after the Brexit implementation. Same way, Donald’s economic policy may be less advantageous to develop or expand the cross border trading in the long run.