Roberto Centeno*.- Last June, a friend I met years ago from the oil world, where I have worked all my life, with extensive relationships with the environment of Trump, proposed to me to volunteer with his campaign team in the design of the strategy for Capture the Latin vote, something I accepted delighted. The reasons were clear: my total identification with the proposals of the then candidate in economic policy, international politics and the control of immigration that is putting in danger certain our national identity, our values and our way of life. One can disagree with Trump in his dialectic, in his expressions and in everything he wants, but he is the only person with knowledge, intelligence and preparation to change the system.

People, both in the US and in Europe, are literally fed up. It states that in the last 30 years 1% of the population has appropriated 90% of the wealth created; Sick of children living worse than parents; Filled with illegal immigrants who receive more subsidies than the nationals themselves; Tired of radical minority groups taking the streets and imposing their law on the silent majority. This is the “secret” of Trump’s crushing victory in spite of the campaign of discredit – in which he has given all the facilities with his particular character and his inappropriate language – of the establishment and the means at his service, Almost totality.

The government of the best.

No disaster will happen as some have wanted to convey in the legislature of the reviled Donald Trump but on the contrary, a America more dynamic, more productive and more just. Trump has burned down his ships, delivered his business empire to his children, whom he has accustomed from youth to work from 7 in the morning, ten hours a day and six days a week, and he is going to dedicate himself in body and soul To what it has promised to its voters:: “Make America Great Again”. And if something characterizes Trump, beyond disqualifications and verbal excesses, it is his ability to do, his knowledge – he is a graduate of Wharton, one of America’s premier business schools and has created an economic empire – and his will of iron.

He wants to be a president of the stature of Franklin D. Roosevelt and is going to leave the skin in the effort, and if someone does not understand that is that he does not understand anything of what will be his next eight years of legislature, President. Do not have the slightest doubt, you will win the election again in 2020. And it does not have more than one option and knows it: surrounded by the best, whether they are friends, whether they are adversaries or semi pensioners.

As Secretary of the Treasury, the key post given the commitments made, he wants to appoint Jamie Dimon, president and CEO of JPMorgan Chase, the largest of the “Big Four” banks. He want get someone hugely qualified to help grow the American economy and negotiate with overseas and understand the critical role that also play on this. The “second best” is Steven Mnuchin a Goldman Sachs record. Both admirers and detractors of Trump, were astounded when the new president summoned to Mitt Romney to offer him the Secretary of State. Given the huge disqualifications and insults of all kinds from Romney to Trump during the campaign And if Trump gives his toughest adversary the most preeminent position of his government, he leaves without reason those who say he lacks the temperament to be the president of the United States. They say that politics makes strange bedfellows. But even if the Trump-Romney alliance looks like it, it makes the whole sense of the world wherever you look. Trump is now showing his true face, a prágmatic

Rudy Giuliani former mayor of New York and a political heavyweight is a fixed for Attorney General or Home Secretary. Ben Carson an African American, perhaps the best child neurosurgeon in the United States, has been offered by the Secretary of Health, although he seems to have said that he prefers to “help from the outside.” Victoria Lipnic, Jewish when the Jewish lobby and herself were clearly anti-Trump, and already to note, a member of the Obama administration team as President of the Commission for Equal Employment Opportunities, Secretary of Employment.

Wilbur Ross, an entrepreneur specializing in the restructuring of industries such as coal, steel, telecommunications and textiles could be Secretary of Commerce, if Mnuchin goes to the Treasury. Harold Hamm, a well-known businessman in the world of energy, the legendary CEO of General Electric Jack Welch who restructured the company whose stock market value multiplied 4,000% between 1981 and 2001, compare you with our entrepreneurs and draw the relevant consequences. The financier Carl Icanh or General Michael Flynn Chief of Military Intelligence. Surprisingly, there are means that question his ability to be Commander of the Head of the Armed Forces, no more misconduct or moral misery: that is, a Harvard lawyer (Obama) who has never directed more than his private office is perfectly capable of being Commander in Chief, and an entrepreneur accustomed to lead and organize a business empire with thousands of employees is not trained, really great !. But beyond the lies, and the disqualifications Trumo is going to form a government with the “crême de la crême”. That they will be able to double the growth of the United States you can consider it a fixed, and the dollar will go to the parity with the euro.

The firts 90 days.

In his first 90 days, Trump must prove to Americans in particular and to the world in general what he is capable of, it will be the test of fire. Its priorities in this period will be: fiscal reform, infrastructures, renegotiation of trade agreements, health reform, border control, implementation (probably in agreement with Russia) of the destruction of the ISIS, something it has promised to erase face of the earth.

The tax reform will mean the reduction of the tax burden on the middle class and the working class, which will remain at approximately 40% of the existing tax rate in Spain today. It will also eliminate all federal taxes on the 74 million poorest families, The minimum wage at 10 $ / hour. And this is not demagogic as we are accustomed to, Trump will fulfill without a doubt. There are many people who say they do not go out the accounts because they have not bothered to analyze the income and the expenses. The scores fit perfectly.

Let’s look at how: 600 billion dollars military spending is going to be significantly cut, closing most bases abroad, and making NATO (which Trump considers a cold war relic) to pay its own, a 2% of its GDP. And the one that does not pay goes out, it is over that the US pays the difference. The big North American multinationals will have to tax in the USA where today they only pay a dollar since they tax all in foreign tax havens. End of domestic tax havens (Delaware, Nevada and others). Strong taxation on the hegde fund who earn fortunes and barely pay. End of the Clinton legislation that allowed the very wealthy (the included) to escape from most taxes (as here with the SICAVS). End of subsidies to renewables which will not only result in huge savings, will also significantly reduce the price of electricity, which will increase households’ disposable income and improve productivity. If Spain subsidies to renewables disappeared, the receipt of light would be halved.

The infrastructure plan in a new New Deal, but with an essential difference. Then it was aimed at ending unemployment, or there is no unemployment. As I explain to my students in a country heavily unemployed, 4% of unemployment is equivalent to full employment, due to frictional unemployment, ie people who have left a job who already have another but have not yet joined it. With unemployment at 4.9%, this can not be reduced. What happens then? With a rigid job offer and a growing demand that the infrastructure plan and the higher consumption derived from the higher disposable income of families will generate, what will happen is that wages will rise, this will generate inflation , And we will enter the famous wage-price spiral. But this, inflation is something that we know to fight, as opposed to deflation.

This has a very serious drawdown for debt bubbles and we have the biggest ever. Interest rates are going to start rising, and the bubbles will not hold. On the positive side, the big beneficiaries of the Trump New Deal will be Spanish companies, the largest in the US in infrastructures. ACS, Ferrovial and OHL. For the American people the combination of higher wages, I insist the Trump New Deal will not create just employment because it is impossible given the proximity of full employment something that pushed up wages and lower taxes. All of this, coupled with the suppression of Clinton’s fiscal fortunes, will make the distribution of income and wealth created that was the essential objective of Trump’s electoral bid fairer, .

Regarding Obmacare on the 60-minute CBS program said he would keep the essential aspects of it, “I will not let people die on the street.” “I’m going to take care of everyone, and I do not care if that costs me votes or not,” “I assure you all Americans will have better medical care than they have now,” with Dr. Ben Carson hugely committed to these issues at Front of the Health is sure to comply. In Health, there is another crucial issue that affects not only the US but the whole world. Hillary had taken it with the biopharmaceutical companies that thought it would regulate prices that would have been deadly for the development of new drugs and treatments, Trump will do just the opposite, but in addition and this is essential has warned the bureaucrats of the FDA to put the batteries and accelerate the analysis of the new drugs, which will undoubtedly put the market treatments and drugs that will save many lives quickly.

With respect to commercial treaties it is obvious that they must be renegotiated. It is not protectionism as the liberals do not cease to shout, it is about eliminating the most negative aspects of globalization that has impoverished the majority and benefited an elite, but also that which plays fair. China is not doing it and has been teasing the world around with manipulating the exchange rate of its currency, as Japan did in the past. The Taliban of liberalism can not tear their garments as they are doing by “attempting” against free trade, if a party does not play fair with exchange rates. But I insist, Trump is a pragmatist, and when he meets with his Chinese counterpart and one puts a 45% tariff on the table and another a pyramid of US Treasury bonds, they will come to an agreement.

Regarding the exterior, the destruction of ISIS is its absolute priority. So far he has warned Saudi Arabia and Qatar to stop funding this terrorist organization or to stick to the consequences. His relations with Putin whom he calls one of the great world leaders, will have a chance to halt the downward spiral in US-Russian relations, avert a massive armas race, sabe trillons of dollars in military budgets over the next decade, and, most important, reverse the frightening march to war.

Next will be to end ISIS for which both countries must put terrestrial forces in the effort. A combined Russian American action on the ground would annihilate the ISIS in weeks, and what remains of it can account for Syrians, Iraqis and Kurds. Regarding NATO, its position is clear, if it reaches a global agreement with Russia, what is NATO needed for? That military structure is not going to be maintained because the Poles or Latvians want it, anyway their first step is Simple and indisputable. Do you want to keep NATO? Okay, but as I explained before, everyone pays what they pay, or 2% of their GDP. In the case of Spain that would mean 20,000 million euros a year compared to the ridiculous defense budget of 10 billion that has left Spain defenseless.

*Professor of Economics at the Polytechnic University of Madrid.