What can we expect from the Trump era? The internet overflows with guesses fueled by imagination plus Trump's vague and contradictory statements. Here are three more, but better founded. Trump will make the 1% happy. Populism is toast. Congress will set the agenda. See the reasons; put your reactions in the comments.
Key #1: Trump the outsider becomes an insider
"What might President Trump's defense policy look like? We have few solid facts to go on. But one is of overriding importance: because Trump is anti-establishment…"
- William Lind.
History teaches that events make opinions. As I said in January (when he Wise said Trump's odds of winning were a joke), Trump's rise will resemble events in March 1815, when Napoleon broke his exile on Elba and marched to Paris. See the headlines in Le Moniteur Universel reporting his progress.
- The cannibal has left his lair. - March 9.
- The Corsican ogre has just landed at the Juan Gulf. - March 10.
- The tiger has arrived at Gap. - March 11.
- The monster slept at Grenoble. - March 12.
- The tyrant has crossed Lyons. - March 13.
- The usurper was seen sixty leagues from the capital. - March 18.
- Bonaparte has advanced with great strides, but he will never enter Paris. - March 19.
- Tomorrow, Napoleon will be under our ramparts. - March 20.
- The Emperor has arrived at Fontainbleau. - March 21.
- His Imperial and Royal Majesty entered his palace at the Tuileries last night in the midst of his faithful subjects. - March 22.
Americans love a winner. Doubly so for our journalists and courtiers in the Versailles-on-the-Potomac. Trump the outcast will become Trump the star. So our leaders will work with Trump.
Trump's campaign put him in opposition to our ruling elites. Will that be the pattern of his Presidency, or will he pursue policy changes they both want? They have a long list of shared goals, a list to keep Washington busy for four years (see the next section).
We know two facts about Trump. First, his history shows no signs either of strong ideological convictions or of rebellion against his fellow plutocrats. Second, he is a master of the deal. Both imply good news for America's 1%! Perhaps the deal has already been made…
Key #2: The Art of the Deal in action
Trump might already have started betraying populism. He plans to make massive tax cuts for the rich financed by borrowing. (The GOP's previous two tries at this almost wrecked the government's solvency; third time's the charm!) Trump's initial objectives include Wall Street's top Christmas wish - repeal of the Dodd–Frank Wall Street Reform and Consumer Protection Act. - and the Right's favorite: repealing ObamaCare. One of his Trump's key economic advisors disclosed plans to scrap regulations limiting Wall Street's ability to scam clients, replacing it with more of the self-regulation that has failed so often.
Trump probably will support many upopular right-wing policies, such as loosening safeguards for workers, repealing environmental regulations (e.g., Clean Power Plan), crushing unions, and tax cuts for the rich.
People are policy in Washington. His campaign finance chairman is Goldman Sach's alumni Steven Mnuchin (Goldman wins because they back both candidates). Rumors are that he and JP Morgan head Jamie Dimon are among the likely Treasury Secretaries. "Donald Trump Ran on Protecting Social Security But Transition Team Includes Privatizers." Watch his appointees to see what to expect from Team Trump.
My prediction of the result: populism is toast, as America's elites repeat their successes with the Tea Party (the GOP turned them: born fighting the banks, ended electing the banks' servants) and Occupy Wall Street (brutally crushed, in 2016 the Democrats supported Goldman's candidate).
Key #3: Congress is the strongest branch
It is not possible to give to each department an equal power of self-defense. In republican government, the legislative authority necessarily predominates.
- James Madison explained in Federalist Papers #51.
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