If You Voted for Trump out of ‘Economic Anxiety’ You got Played
I have to say I don’t have too high a regard for your judgement if you did think he was an economic populist. You could only have come to that judgement by taking Trump totally at his word-as he had no details whatsoever.
Basically, just-‘Make America Great Again’ and ‘I’m a businessman so I’ll fix it.’ If that was enough to please you, you’re not hard to please.
Then again, in truth, this whole narrative of Trump’s ‘economic populism’ was always a total canard. Most who voted for him voted not out of ‘economic anxiety’ but for cultural reasons-they think the cultural and social change of recents years has been too fast and they blame Obama.
That’s the real secret of the famous ‘Obama-Trump voters.’
It was always clear that Trump was no economic populist in any meaningful sense of the term. The belief that he was shows how much this is about mood affiliation rather than policy substance. If you wanted policy substance, you voted for Hillary.
If you look at this illegitimate reign, what stands out-beyond both the incompetence; he hasn’t passed a single major bill; and beyond how the case that he committed treason to steal the election gets more compelling every day-is that if he is a ‘different kind of Republican’ it’s that he’s much worse.
In no sense is he better than a typical Republican. His cabinet picks are worse. For two reasons:
1. Despite the canard that folks like Morning Joe are always giving us, it’s not true that Trump ‘was a Democrat most of his life.’
He was actually a Democrat during a very small window of time in 2004-where the real game was he and Roger Stone renting Al Sharpton to destroy Howard Dean’s campaign.
In any case, his cabinet picks have had no Democrats among them. Yes-Gary Cohen and Jared Kushner are called Democrats. But they aren’t Democrats. Trump has appointed no Democrats unlike previous Republican Administrations.
So he’s a ‘different kind of Republican’ as far as he’s more partisan than previous GOP Presidents.
2. Trump has his own version of the Peter Principle operating in his hires. It’s not just that you don’t have to have the requisite experience and ability to run the particular agency you’re put in, it’s that lacking the necessary experience and ability is a prerequisite for the job in Trump world.
Trump values not skill or experience but who he knows and the people he knows usually lack the relevant knowledge, skill, and experience. Trump doesn’t’ see the problem here.
On policy, he’s considerably to the Right of W on economic policy. To be sure, the GOP is even further than Right in W’s era. He’s proposed blockgranting Medicare and gutting Medicaid.
Which brings us to GOP tax reform. As Robert Samuelson, says, just because it’s called tax reform, doesn’t mean it’s an improvement:
“Can we get real about “tax reform,” the Republican promise to enact deep tax cuts that will spur economic growth? Probably not, but let’s give it a try.”
“For starters, we can stop calling it “reform.” That’s a charged word, implying that the new tax system will be superior to the old. We don’t know that for a fact; the new system might be worse. Better to call what we’re doing the “tax debate” or “tax overhaul.” (The point is a general one. Advocates of policy changes routinely label their proposals “reform.” This suggests improvement, which may be nonexistent.)”
“Second, we cannot afford a net tax cut. If we are to lower tax rates and simplify complex tax provisions, we must offset the revenue losses by plugging loopholes, raising other taxes or cutting spending. Under current policies, the Congressional Budget Office has projected $10 trillion in deficits from 2018 to 2027. Trump’s tax plan, including provisions that would raise revenue, would add an additional $3.5 trillion in deficits over a decade, estimates the nonpartisan Tax Policy Center (TPC).”
Correct. What makes something tax reform rather than a tax cut is it’s revenue neutral. But what tax cuts do Trump and the GOP want? Corporate tax reform and cutting the top individual rates. Ie, two very large tax cuts for the rich. But as this is tax reform you have to raise someone else’s taxes to cut the top rates for individuals and corporations.
And whose taxes do they want to raise? The middle class and the poor. After all, that’s what Reagan’s tax reform in 1986 did.
“President Trump will travel to Missouri on Wednesday, where he will deliver a speech pitching his as-yet-unreleased tax reform plan. According to Trump aides, he will package it in the language of populist economic nationalism that he employed during the campaign — and that was supposedly represented inside the administration by his now-departed chief strategist, Stephen K. Bannon.”
“In reality, what we will actually hear at this speech is the death rattle of whatever pretensions to genuine economic populism Trump has ever harbored, if any. Trump will make it official that this rhetoric is merely a disguise for the same old trickle-down economics we have heard for decades — confirming that his economic agenda is in sync with the very same GOP economic orthodoxy that he so effectively used as a foil to get elected.”
Confirming it for those who are a little late to the party. It’s been obvious really from the start. Krugman on another long GOP canard: ‘We must simplify the tax code!’
The idea that multiple brackets is a big problem is stupid — or, rather, proponents think *you're* stupid https://t.co/QUqG4aiohI
— Paul Krugman (@paulkrugman) August 30, 2017
Another zombie argument you can expect to hear from Trump again today is that we have the highest taxes in the world.
For the next time Trump claims that America has the highest taxes in the world pic.twitter.com/iIrswbTeLf
— Paul Krugman (@paulkrugman) August 30, 2017
P.S. Hello! I’m Mike Sax Democratic candidate for NY2. If you want to ride the Impeachment Train all the way to Washington DC in 2019 then please vote for me, Mike Sax NY2.
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