I have seen a lot of know-it-all democrat voters posting in the last few days about how Trump's economic strategy is bound to fail and those who voted for him for economic reasons are fools. Obviously I am extremely sceptical of these people, as economic literacy has never been a strong point of progressives (not to mention how they are all suddenly experts, like how they were for virus propagation, climate change, etc.).
Nonetheless, I myself am no economist. Can somebody with a better understanding explain the strategy to me, and also any potential ways in which it COULD backfire in the way progressives are suggesting?
Think you've gotten some good responses so I won't address the main question and will just give my vague thought on it.
It's largely a great idea, but the only thing I worry about is there will likely be some short term pain. If it takes more than a year or two before some good benefits start hitting, people will only associate it with failure and will sour on the whole thing. Yes, that's retarded, but so are most voters.