I can see why people
like Trump, for one thing he said he would make peace with Putin, now that's got
to be worth voting for because that means we will still all be alive in 5 years
time so it’s worth waiting a bit little more longer for democratic socialism.
Also, Trump doesn't seem to be part of the ruling class, and that's refreshingly
different, because the ruling class and their industrial military banking
complex want perpetual war to get Americans to keep paying sky high taxes for weapons
and armies they don't need.
Could Trump be the second
most liberal president since Richard Nixon? I was surprised when Paul Craig Roberts
said that about Nixon, that rascal. But later on I discovered that Richard Nixon tried
to bring in the Basic Income, or the Citizen's wage as some people call it, but
the Democrats threw it out because it wasn't enough. If only they had let the
bill through as they could have increased it later on, and then it would have
also passed on to Europe and changed the whole nature of our society. Capitalism
isn't anywhere near as bad with a Citizen's wage.
All politicians have
a chequered past:
Suppressed Trump Video:
https://www.youtube.com/watch?v=-pTL8EjgnnU
Trump vs Trump. The Evolving Positions Over the Years:
https://www.youtube.com/watch?v=zitZGDJcHAU
15 comments:
Nixon may be a paranoid and sick, but he was a communist by today's standards... And don't forget he blew up the gold standard for good (finally). And while bad, Watergate was nothing compared to the bullshit we have seen come from Washington in the last decade w/o excuse, so even corruption has to be put in context... IMO is one of those leaders which with time history will salvage a bit, specially compared to the cadres that came after him.
He was to the left of Sanders, which says how bad are American politics nowadays, but that will change as the youth is feed up and is not enjoying 'the American dream' and 'capitalism'.
Jez Trump's economic plan is to trash the economy by getting rid of the $19 trillion dollar National Debt. See his spiel on "The Economy" in his "Issues" section top of his campaign website:-
https://www.donaldjtrump.com/issues/
Somehow I can't see him fulfilling any of his promises with such a level of monetary illiteracy. The guy is a blow-hard poser!
Recent Trump interview:
"Trump has his own plan for a completely socialized healthcare system, like the one that doesn't work in Scotland.
Pelley: How do you fix it?
Trump: There’s many different ways, by the way. Everybody’s got to be covered. This is an un-Republican thing for me to say because a lot of times they say, “No, no, the lower 25 percent that can’t afford private. But–”
Pelley: Universal health care.
Trump: I am going to take care of everybody. I don’t care if it costs me votes or not. Everybody’s going to be taken care of much better than they’re taken care of now.
Pelley: The uninsured person is going to be taken care of. How? How?
Trump: They’re going to be taken care of. I would make a deal with existing hospitals to take care of people. And, you know what, if this is probably—
Pelley: Make a deal? Who pays for it?
Trump: —the government’s gonna pay for it."
http://spectator.org/blog/64193/trump-60-minutes-we-need-socialized-medicine
Scho, Trump's plan is to balance the budget by eliminating the CAD thru tariffs/duty... possible...
Bernie's plan is to balance the budget by raising domestic taxes... NOT possible...
Somebody needs to tutor Bernie about the Sectoral Balances equation....
From our perspective, Trump has the Ramanan position while Bernie has the MMT top-ender position....
"Somebody needs to tutor Bernie about the Sectoral Balances equation"
Um...isn't that why Kelton is there?
Well Mike the deficit is about 500B and the CAD is about 500B...
so lately, its mostly been foreign sector saving USD balances... boomers are probably dis-saving and some gen-nexters are saving the boomers dis-savings so we about break even domestically wrt savings... boomers out/gen-nexters in...
Brian and Ramanan and others are more or less are positing that if they just do a fiscal increase in xfers, then probably the CAD will increase accordingly as ROW is looking for demand which wouldnt do anything about increasing productive contribution here domestically...
So if we value domestic employment and are looking for a sure fire way to get increases there, then Trump's focus on the CAD via import/capital controls/tariffs/duties, etc seems like the better way.... similar to what is going on in Russia with the sanctions acting as de facto capital controls/import regulation...
Bernie seems to be taking the MMT position where everything can be fixed via domestic fiscal while ignoring the foreign sector while Trump is focused on the foreign sector a la Ramanan....
So this is interesting how the US election is shaping up to be the same arguments we have been having within MMT-land for a couple of years already wrt the how the external sector should be viewed/addressed...
Mike I wouldnt assume Kelton is advising the campaign that is probably a completely different staff...
and btw WHERE the hell is Trump going to get a CEA staff?
Hoover? LOL! Chicago? LOL! Harvard? LOL!
Where the hell is Trump getting his economic advice from? Who can he get and from where if he wins???
He's not a "neo-liberal!"....
I wouldnt assume Kelton is advising the campaign that is probably a completely different staff...
Right. SK is not working for the Sanders campaign. She is chief economist for the Senate Budget Committee_Minority.
Bernie's strategy is political. If he should win, they he will have to get serious about the economics.
Same with Trump.
Then, whoever wins has to get bills through Congress, and Congress is owned by K Street wrt domestic policy and J Street wrt foreign policy.
Well Tom if Trump wins, from what we have been seeing it seems he would be willing to take any action against those people short of literal murder if they dare to oppose him...
He chastised Jeb the other day for having the guy Johnson of Johnson&Johnson as Jebs campaign fund raiser... Trump said "OK, now with the guy from Johnson&Johnson running his fund raising, do you think Jeb would ever negotiate with the drug companies on behalf of the govt?"
If he wins, he will only become EVEN MORE emboldened... he is NOT a libertarian in any way shape or form....
Tom he was down at Liberty the other week and told an audience of graduates (now again this is Liberty ie "turn the other cheek yada yada..." he tells them the #1 thing you have to do in life is "GET EVEN!"...
He could end up becoming a king-maker for the GOP and would campaign AGAINST congress GOPers who would dare oppose him... get his own candidates for congress in the first mid-term...
Trump explicitly stated that all need to be covered for health care. When asked who pays for this, he said the government pays. He also says Obama care needs to go.
He also said touching SS in any way is not going to happen under him.
There's no "grand bargain" shit spewing from his lips.
Yes, but.….
Who will his economic team include? Who will he pick as Treasury secretary, etc.
Is there any clue that he will know what criteria to use in choosing?
The issue of paying off the country's massive national debt was the topic of heated discussion between Bill O'Reilly and Republican candidate Donald Trump on tonight's O'Reilly Factor.
Trump said that the latest budget deal will lift the currently $19 trillion national debt to $21 trillion.
"We're getting to be a large-scale version of Greece," he said.
O'Reilly asked Trump how he planned to tackle it.
Trump responded that he would create a "dynamic economy" that would be bring back jobs lost to China, Mexico, Japan and Vietnam. Fox
Trump in 1999:
Trump proposes massive one-time tax on the rich
Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat: tax rich people like himself.
Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a one-time "net worth tax" on individuals and trusts worth $10 million or more.
By Trump's calculations, his proposed 14.25 percent levy on such net worth would raise $5.7 trillion and wipe out the debt in one full swoop.
The U.S. national debt decreased by $9.7 billion in September but remains at $5.66 trillion, according to the latest U.S. Treasury figures.
The net worth tax is the cornerstone of Trump's economic plan released Tuesday morning.
"No one has put forward a plan to make this country entirely debt free as we enter the next millenium," Trump said in a written statement. CNN
Trump seems to have backed off that plan since the "nation debt" is ~ 16B now.
He has a new plan now.
The Man with a Plan: Donald Trump’s 5-Part Strategy to Make America Great Again
Going to have to put some numbers on it.
"Trump said that the latest budget deal will lift the currently $19 trillion national debt to $21 trillion.
"We're getting to be a large-scale version of Greece," he said."
Foreign claims Tom....
iow we talk of Greece as a "deficit nation" over there but that is the foreign claims...
The 19T to 21T represents future foreign savings of USD balances... USD zombies have to be fed....
@Matt
Which MMT "Top ender" calls for a balanced federal budget by raising domestic taxes?
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