Politics usually are not something that I enjoy writing about, but when it comes to the economy, I feel like it is unavoidable. There is no disputing the fact that President Trump has done beneficial things for our economy. In his term, he’s created jobs that have ultimately lowered the unemployment rate, temporarily raised the stock market, and strengthened the economy. 

“Overall, I think creating more jobs here is great because it reduces the unemployment rate,” Jon Iosso (freshman) said. “On top of that our economy has overall been strong throughout Trump’s time in office.”

All good things, however, come to an end. While this is nothing like the 2008 housing market crash, we might be looking at a future recession. Our economy is heavily dependent on China, and vice versa. Recently, Trump has been in an intermittent trade war with China imposing new tariffs on foreign imports. 

“Stocks were pretty bad today as soon as they opened,” Kyrsten Lambrose (freshman) said. “If the trend of the COVID-19 continues, we are going to struggle to mend our relations with China and other foreign affairs. In the United States, the oil industry is also taking a huge hit with the lack of traveling abroad.”

History repeats itself. Rising tariffs, new tax cuts, or anything that quickly and dramatically changes the economy has historically caused our economy to go into a recession. Many speculate that 2020 may be the next recession, but we do not know what will happen.

“I have high hopes about our future economy,” Emily Hayburn (freshman) said. “If we continue to focus on strengthening our jobs domestically, and also stay on good terms with the other global superpowers, we may ultimately be able to reduce our nation’s debt and continue to strengthen the economy.”