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Democrats, Donald Trump, and the Dark Underbelly of Economic Growth

Friday, June 22, 2018 9:07
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Brian Czech, Arlington, VA, 1/30/18  (photo credits: theduran.com)

Democrats are stunned by Donald Trump’s lack of culpability for racist rhetoric, Twitter tantrums, and international insults. They shouldn’t be. They’re the party of “It’s the Economy Stupid.” They should know that if a president inspires a bull market, creates a few jobs, and grows the GDP, he can “stand in the middle of 5th Avenue and shoot somebody” without losing voters.

Elected Dems can’t hold Trump accountable because they can’t break their own addiction to growth. They’re defenseless against a growth-mongering president. They want the credit for economic momentum from the Obama era, yet they just know that stock market boom is all about Trump.

Hearkening back to Obama’s economic performance makes the Democratic Party look like a Super Bowl loser taking credit for the half-time show. They’re in the process of being long-forgotten. Trump owns the Department of Commerce, the fiscal policy pen, and the printing presses for reports on growth. Not to mention the Twitter Feed from Hell.

There is a solution for Democrats, if they dare take it. It’s a simple solution but a real paradigm shifter: It’s a new outlook on growth. Ironically, Trump’s going to help them more than anyone in their own party. By the end of his term, economic growth will never look the same. Consider three ugly lessons:

1) Trump proves it doesn’t take a stable genius to grow the economy. Any old dummy can do it by trashing the planet. All you have to do is dismantle the Environmental Protection Agency, dispose of public lands, and generally run roughshod over the hard-won environmental institutions of earlier administrations and congresses. Don’t worry about offshore oil spills, the Arctic, or endangered species. Just drill baby drill, and grow the economy!

2) Trump doesn’t want his Americana – especially his American economy – saddled with poor and huddled masses from the “shithole countries.” He’d rather have the entrepreneurs, industrialists, and inheritors who bring instant big money to his hotels, golf resorts, and casinos. His personal financial obsession melds into a brutal economic philosophy: Keep the little money out, bring the big money in. That’s the quickest way to excite Wall Street, grow the GDP, and take credit for both!

3) Trump doesn’t view the international community as a precious outcome of creation, evolution, or civilization. To him it’s a collection of potential customers or, at best, business partners to skunk. Trump pulled us out of the Paris Climate Accords. He’s threatened multilateral obligations from NAFTA to NATO. He’s an insult to the United Nations. Rather than pursing goodwill among nations, Trump pursues the terms of trade most likely to bolster American GDP, regardless of what it does to the hopes and dreams of less advantaged nations who once revered the USA for its generosity and its democratic approach to capitalism. The United States is losing respect like never before; a doubly dangerous trend in an age of international instability.

Trump gets away with it all by hiding behind the goal of GDP growth. His minions at the White House collude. How many times have we heard them tell us that Trump does more for blacks than Obama ever did, because he’s growing the economy faster and providing jobs for all? And how is he providing these jobs? By “taking historic steps to lift the restrictions on American energy, to reverse government intrusion and to cancel job killing regulations,” as Trump’s EPA Administrator puts it. Meanwhile he justifies his international bullying with, “When the United States grows, so does the world.”

Right now, due to the bipartisan obsession with economic growth, Democrats look like losers at the GDP racetrack, racist sentiments are fair game again, and the rapacious pursuit of growth is liquidating the environment. Democrats, racial minorities, and environmentalists can pine independently, “Woe is me.” Or, they can unify and announce to the president and Republicans, “It’s not just GDP, stupid.”

As a bonus, they might get the Green Party vote, and we all know how that can change history.

The post Democrats, Donald Trump, and the Dark Underbelly of Economic Growth appeared first on Center for the Advancement of the Steady State Economy.



Source: http://steadystate.org/democrats-trump-underbelly-of-growth/

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