In a post below I commented on Trump’s plan to engage in massive deficit spending that, when you add in his tax cuts, will likely add to the deficit faster than did Obama’s spendingpalooza. I point out that deficit spending along with import controls is contraditory economic policy. Contradictory policy and-over promising are probably the biggest risk Trump faces.
DJT made big promises during the campaign. Most famously, he said he would make America great again. He didn’t stop there either. About 47 days ago he literally said “You have 40 days until the election. You have 40 days to make every dream you ever dreamed for your country come true.”
Unless every dream you ever dreamed for America is that Donald Trump be president, that is a tall order.
He made hundreds of comments like that and he might be surprised to find out that millions of bitter clingers in the Rust Belt absolutely, positively believed he would follow through on those promises.
Now I am sure that to Trump it was hyperbole. It was sales. It was the art of the deal. It was just carnival barking. He was just pumping up the crowd. That’s not to his fans. They believed it.
Eight years ago, many of them voted for Hope and Change and that “yes we can” make America work for Americans.
That didn’t pan out for them. They are still bitter and they still clinging. This time, many of them voted for Trump.
Now he has to follow through where the other president didn’t. Now he has to deliver a better life for bitter clingers in the rust belt and beyond. He has to make America, if not great again, at least great enough that the rust belt that has been rusting since the 1970s feels fresh and new.
That is an damned tall order. It is highly unlikely he will accomplish it with contradictory economic policies and deficit spending that is inflationary, increases interest rates and crowds out private investment. It is unlikely he will do it with trade wars that are inflationary and reduce exports.
I suppose he has about two years to convince the bitter clingers across red America that we are on track to their dreams coming true or they will turn back and happily embrace the socialist bromides of whatever heir to Bernie Sanders comes down the Pennsylvania Turnpike.