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Dutchess_III's avatar

How do you think businesses are faring in their first quarter under Trump?.

Asked by Dutchess_III (46812points) March 4th, 2017

I did a 2 month temp position at the end of 2016 with a company I really, really liked. They were talking about hiring a new person, but they had to see how the first quarter went first. They’ve been in business since the early 80’s.

So how do you think it went under Trump?

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12 Answers

funkdaddy's avatar

If your business is federally regulated (telecoms, oil, transportation) or involved in the defense or prison industries, you did fine.

With everyone else it’s really too early to tell.

zenvelo's avatar

Way too early for long term planning. The Obama recovery is still in effect upon first quarter earnings.

Outside of the stock market, nothing has changed from a business perspective because no legislation has been enacted. Right now there is too much uncertainty. Firms cannot plan in an intelligent manner because, on the one hand, tax cuts are promised; on the other hand, tariffs are promised on imported supplies.

There have been no details, just promises.

kritiper's avatar

Same as before around here, No drastic changes could take place so quickly as to have an effect.

Cruiser's avatar

I can say with authority that my business was on fire the whole month of February and March is equally demanding. What I believe is fueling this boom is my mining/industrial line which tells me copper mines, coal mines, cement production is back in demand and I have orders to prove it. Other divisions including demands from overseas are sending me signals that the industrial markets are favoring and anticipating Trump relaxing the regulatory environment that has suppressed these same industries for the last 8 years.

Dutchess_III's avatar

I imagine Trump getting rid of the EPA will be a boon for you too @Cruiser.

The place makes specialty aeronautics tools for companies such as Spirit, Boeing, etc.

Cruiser's avatar

Not sure of the meaning of your point @Dutchess_III…Which “place”??

“The place makes specialty aeronautics tools for companies such as Spirit, Boeing, etc.”

JLeslie's avatar

Where I live business seems to be its typical very busy for the winter season. You could look up stats, but the most important stat would be the specific business where you worked. The country can be doing great while a particular business or part of the country is tanking.

ARE_you_kidding_me's avatar

Around here low housing inventory, low interest rates and steady job growth over the last few years has started a new housing boom that will probably collapse again. My stocks have done very well since Trump was elected. Six months from now I’m uneasy about. We’ll see, too early to tell.

Dutchess_III's avatar

@Cruiser The ”place” where I worked as a temp and am hoping to get hired permanently. I wanted to give you all an idea of the nature of the industry.

Cruiser's avatar

@Dutchess_III That sounds like a hell of an opportunity. When I was in Washington a few years back we toured the Boeing plant and my oh my what a mind blowing experience. How exciting if you can get a job with them! (fingers crossed)

Dutchess_III's avatar

It’s not with Boeing, although I did work for them in the 70’s in the Wichita plant. I worked at Boeing Computer Services. My dad was an upper level manager at Boeing. My sister is a program manager at Boeing. Actually, she recently retired from Boeing and went to work for Spirit. I have a bunch of extended family it Washington, and most of them work for Boeing. Except for my cousin who won 90 million in the lottery 3 years ago. She quit her job at Boeing.

ANYWAY, the place I work for is located locally, just up the road from me, actually, in an industrial park. It makes precision tools, tooling, for all the aerospace industries. It’s just fascinating. I loved going out on the shop floor and watching them work. The shop is cleaner than my kitchen. It is just finer than a frog’s hair!
Plus Rick has been trying to get in there for to sell them some compressors. That’s another long story!
So, I’m very, very hopeful.

LostInParadise's avatar

I expect that business will initially do better. They will have fewer taxes and regulations. Later when customers are choking on the extra pollution and can’t afford to buy anything due to cuts in federal funding, things will start to get ugly.

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