In the long term, President-elect Donald Trump’s policies could run up the deficit and the debt, which could end up hurting the economy, said Terry Clower, director of George Mason University's Center for Regional Analysis.
President-elect Donald Trump flipped the election script on its head and has vowed to do the same in D.C, which could mean an economic boom if you are in the right business.
Spoiler alert: Lobbying is one of them.
His proposals to slash regulations and roll back massive and complicated laws like the Dodd-Frank Act and the Affordable Care Act have experts expecting — and already experiencing — a surge in government affairs and lobbying activity as companies and organizations take out their wallets and push for changes favorable to their industries.
Jeffrey Lowe, managing partner of Major, Lindsey & Africa’s D.C. practice, which matches law firms and lobbying shops with talent, said he has already starting getting calls from law firms looking to beef up their ranks in advance of a Trump administration.
“I would be very surprised if there weren’t a significant uptick in lobbying and government relations work,” Lowe said. “People are expecting to see a lot of activity.”
Part of that surge in activity stems from full Republican control of Congress after years of divide that stymied legislation and put a cork in major initiatives, Lowe said.