Donald Trump: The Scary Version. You Do the Math

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From the Bourne Supremacy:

Nicky: It's not a mistake. They don't make mistakes. They don't do random. There's always an objective. Always a target.

Pamela Landy: The objectives and targets always came from us. Who's giving them to him now?

Nicky: Scary version? He is.

 

From the Washington Post:

Trump promised $1 trillion for roads and bridges. The trick now is finding the cash.

Trump has proposed reducing the rate companies would pay to bring the money home from 35 to 10 percent. Those companies then could invest slightly more money in infrastructure projects, gain the 82 percent tax credit and effectively erase that 10 percent tax.

“We believe that this tax credit-assisted program could help finance up to a trillion dollars’ worth of projects over a ten-year period,” the Trump campaign said in an Oct. 27 white paper. The Trump transition team did not respond this week when asked whether his thinking had evolved since Election Day.

None of the longtime transportation analysts interviewed for this report shared Trump’s confidence that tax credits to private business would generate $1 trillion for infrastructure projects.

 

From the London Review of Books:

Is this how democracy ends?

His immediate agenda is to get a massive infrastructure bill through Congress, along with big tax cuts. There are few barriers in his way. He can rely on Republicans to deliver the tax cuts and Democrats to support the infrastructure projects. The short-term boost this stimulus gives the economy can then be used to buy him time while he fails to get to grips with his other campaign pledges, on immigration, on manufacturing jobs, on taking the fight to the terrorists, and on sharing the love at home. He may even be able to claim for a while that by offering something to each side of the partisan divide he is starting to bridge it. But all he will be doing is papering over the gaping cracks. Tax cuts coupled with unfunded government spending will fuel inflation and create the conditions for a future crash. It will also lead to a head-on collision with the Federal Reserve and Trump won’t find it so easy to get his way there. If he tries to replace Janet Yellen or stuff the board with his own nominees, partisanship will reassert itself with a vengeance. Reality will bite back at Trump eventually. When it does, he will be inclined to lash out. But by then it may be too late.

 

Fortune Magazine tells us Sarah Palin weighs in:

Sarah Palin Warns That Donald Trump's Carrier Deal Cloud Lead to 'Crony Capitalism' (or what some us identify as National Socialism)

“When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent,” she asserted.

And in an apparent jab at Trump, whom she famously endorsed in a rambling speech earlier this year, she asked: “Republicans oppose this, remember? Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail."

 

 

Comments

[Alice J. Fischer]

Like the jobs for Carrier that the people of Indiana are flitting the bill for and probably don't even know it!