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?
I found it suspicious that BP immediately went on a public relations/damage control blitz all over cable TV, instead of using that money to just clean the spill up.
They claim to have spent almost 20 billion with a b dollars after it was all done in damages. I know hundreds of guys who lost their jobs, generation spanning career and eventually everything that depended on that income who never saw a dime.
They literally paid the Feds apology money, paid for a bunch of photo ops of ducks getting cleaned off, and then just went about their business.