As an independent Christian conservative, I approach the past week’s whirlwind of economic news with cautious optimism, a dose of realism, and a firm reliance on biblical principles. The post-election economic surge and the stock market highs are encouraging, but they’re juxtaposed with major layoffs and looming tariff tensions that demand careful scrutiny. Let’s unpack this economic paradox.
The Good: A Booming Economy and Optimism
The economy hitting a 31-month high in output and the stock market soaring to record levels post-election are undeniably positive signs. Confidence breeds growth, and it’s clear that many Americans are feeling optimistic about the future. The University of Michigan’s Consumer Sentiment Index reflects this, with a notable rise driven by Republicans feeling hopeful about the direction the nation is taking.
President-elect Trump’s selection of Scott Bessent as Treasury Secretary and the proposed “3/3/3” economic agenda—targeting deficit reduction, growth, and energy independence—shows promise. Focusing on these fundamentals could restore fiscal responsibility, ensure sustained growth, and boost national energy security, goals that align with the principles of stewardship and accountability found in Scripture.
The Bad: Layoffs Amid Prosperity
However, economic growth isn’t benefiting everyone equally. The announcement of layoffs from major corporations like Meta, ExxonMobil, and Boeing highlights a concerning trend: the increasing displacement of workers due to technology and corporate restructuring. While these moves may streamline operations, they leave thousands of families struggling to make ends meet.
This dichotomy underscores a broader issue: the growing gap between Wall Street and Main Street. Proverbs 22:2 states, “The rich and poor meet together: the Lord is the maker of them all.” We must strive for an economy that values human dignity over bottom-line efficiency. Policies must address retraining displaced workers and encouraging industries to invest in American labor.
The Ugly: Tariff Troubles
President-elect Trump’s pledge to impose tariffs on China, Canada, and Mexico is a double-edged sword. On one hand, it’s commendable that he’s prioritizing American jobs and addressing critical issues such as illegal immigration and drug trafficking. However, tariffs often spark retaliatory measures that can hurt both American consumers and exporters.
For example, Mexico’s threat to impose retaliatory tariffs on U.S. goods—alongside Canada’s similar response—raises concerns about escalating trade tensions. While avocados and tequila might be the most visible casualties, the broader consequences on supply chains and industries dependent on international trade could be far-reaching and detrimental.
The good news is that cooler heads may yet prevail. Mexican President Claudia Sheinbaum recently reported a positive phone call with President-elect Trump, during which both leaders expressed a commitment to maintaining a good relationship, potentially easing tensions between the two major trading partners. Additionally, Christine Lagarde, head of the European Central Bank, has urged European leaders to purchase more U.S.-made goods as part of a cooperative strategy to avoid trade wars and foster global growth. Her proposed “cheque-book strategy” includes increased imports of U.S. liquefied natural gas and defense equipment.
These developments suggest that the worst-case scenario—a full-blown trade war—may still be avoided. With thoughtful diplomacy and a focus on mutual benefit, there’s hope for balanced trade policies that protect American interests without alienating key allies or disrupting global markets.
Finding Balance: A Biblical Perspective
This moment calls for balance: celebrating the economic gains while addressing the challenges with wisdom and compassion. A rising GDP and record-breaking markets are blessings, but they must translate into better lives for everyday Americans, not just the wealthy elite.
The key is stewardship—managing our resources wisely for the benefit of all. That includes holding leaders accountable to policies that prioritize long-term growth over short-term wins, fostering innovation that creates jobs, and advocating for fair but firm trade policies that reflect our values.
Finally, we must remember that ultimate provision comes from God, not government or markets. Let’s pray for our leaders to seek His guidance in stewarding this nation’s resources wisely.
Economic prosperity is a gift, but it’s also a test. Let’s rise to the occasion with faith, diligence, and compassion.
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