A Second Trump Reset?

by Joe Grant | Aug 4, 2024

Maine Yankee, an 840-megawatt nuclear plant went online in Wiscasset in 1972. The late 1960’s was the start of good times for Maine Yankee, Wiscasset, and the country. Wiscasset was thriving with low taxes, new businesses, a housing boom, and a dynamic and growing school system. The good times ended in 1996 when political forces were set in motion by Governor King, and the Democratically Controlled Maine House resulted in the shutdown of Maine Yankee. Using population growth as an economic indicator, Maine peaked between 1970 and 1980 with a ten-year population growth of 13.4%. Ten-year growth has almost continually decreased since then to the present 2.6%. In the 40-year decline since 1980, Republicans have had total control, (Governor, House of Representatives, and Senate) for 2 years and Democrats have had total control for 22 years. For this calculation, Governor King was counted as a Democrat as he caucuses and votes with the Democrats. These 40 years have been tough on our citizens, especially the new young workers. Maine has earned a reputation for being unfriendly to business, in part due to high taxes, overregulation, high energy costs, and high electrical costs. The business outlook is further compromised by an education system in decline. At least 45 other states are more attractive for new businesses. When LePage left, his “Open for Business” signs were removed and replaced with “Welcome Back.” In a perverse way our young are economic refugees as they leave the state to find good jobs and, decades later, return as retirees. We are presently replacing our exiting young with immigrants. Using Labor Force Participation Rate as an indicator, the U.S. probably peaked around 2001, home ownership peaked later in 2005. The “Reagan Reset” after the disastrous Carter years, was stalling, but the end was signaled by the September 11, 2001 attack and the massive ongoing security costs. A short but sharp “Trump Reset” with improving “Labor Force Participation Rate” and increasing “Home Ownership Rate” was cut short in 2020 by Covid and the subsequent election of Biden. Around 66% believe the country is headed in the wrong direction and most say they are worse off today than they were at the end of the “Trump Reset.” The same “Deep State” people have been running the country for almost 16 years. Although Trump replaced some of the top people of the previous administration, many bureaucrats stayed on as unloyal opposition to his presidency and others have rejoined the present Biden administration. There are two questions for voters this November. Will people vote to leave our Washington “Deep State” in control with the country going in the wrong direction or will they vote for a change and another Trump reset? The second question is, do we want to leave Democrats in total control of Maine for two more years and continue with business-as-usual decline or is it time for a reset in Maine? For those interested, information can be found on the U.S. Census and the U.S. Bureau of Labor Statistics web sites. Joe Grant, Wiscasset

Joe Grant is an avid Mainer who resides in Wisscasset Maine and is a power house of information. He has worked in Maine energy and is actively involved in making lives for his fellow Mainers better.

Help Support The Effort

0 Comments

Join the discussion…

Pin It on Pinterest

Share This

Discover more from The Maine Anchor

Subscribe now to keep reading and get access to the full archive.

Continue reading