USA Politics: Campaign Promises – Trump’s Biggest Lie – commentary

He Likes to Claim He’s Keeping His Campaign Promises, But Let’s Look at His Record

David Cay Johnston | DCReport Editor-in-Chief

Donald Trump’s latest flip-flops on healthcare and the Mexican border continue a pattern of promises, and reversals, that gets far too little attention. His flip-flops show that Trump ignores the interests of the party he latched onto in favor of whatever crazy idea pops into his head.

Although at his rallies Trump delights his uninformed supporters with claims that he’s followed through on his campaign promises — The Wall — he is actually delivering very little.

Candidate Trump promised a $1 trillion program to repair and improve America’s infrastructure but has done nothing. Had he pushed an infrastructure bill, the Democrats would have had to go along or risk the wrath of the working class. But instead, they can run on Republicans failure to fulfill the promise of jobs and smoother roads.               

He promised a huge tax cut for most Americans — $50,000 of tax-free income for married couples – $25,000 for singles — and no taxes for 75 million Americans. The tax law he signed in December 2017 showered almost all its benefits on big multinational corporations like Apple and the best-off Americans while raising total taxes on millions of people. And don’t forget that Trump got Congress to raise the threshold for paying income taxes from almost $23,000 for a family of four to just $24,000 — not much, not much at all.

He promised to bring back waterboarding and other torture, but as commander-in-chief, Trump failed to persuade America’s military leadership to resume this criminal activity, for which our country executed senior Japanese officers after World War II.

And he promised to staff his administration with “the best people”; instead he gave us know-nothings like Betsy DeVos and Wilbur Ross; and a squad of cheaters and Treasury looters like the departed EPA chief Scott Pruitt and Interior Secretary Ryan Zinke. Trump’s latest loser? Self-proclaimed tax expert Stephen Moore, widely derided as a hack who knows little about economics and who turned out to be a tax cheat — and a clumsy one at that.

In all of these Trump has demonstrated that he knows nothing of policy or partisan agendas, only what serves himself. He does not know the pulse of America, only of the true believers of his cult of personality.

For Republican officeholders, down Trump’s path lies political death. We saw a sign of coming disaster for the GOP last fall when Democrats running for the House garnered 4.3 million more votes than Republicans — a greater popular vote margin than Hillary Clinton’s over Trump in 2016, although he won the Electoral College.

Trump inflicted heavy damage last week on Republican politicians when the Justice Department stopped defending the Affordable Care Act, a.k.a. Obamacare. Now the Justice Department seeks to kill Obamacare in the courts.

Only an idiot, or a narcissist, would fail to realize the widespread fear of losing health insurance and related fear of being uninsurable because of a pre-existing condition, something virtually universal among those from middle age to 65, when Medicare kicks in. Pregnancy, by the way, is a pre-existing condition.

A conspiratorial cynic might think that the Democrats secretly planted the idea in Trump’s jumbled mind that repealing Obamacare is the path to a second term.

The other thoughtless flip-flop came when Trump declared he may shut down the Mexican border not just to asylum seekers, but to all commerce. If that happens, say adios to many fruits in winter, not to mention many of the 1.2 million American jobs that depend on trade with Mexico and, in turn, many jobs that depend on the incomes of those million-plus workers.

In 2020, every House Republican is up for election. So are 22 of 53 Republican senators. In addition, nine Republican governors face voters in 2019 or 2020, seven of them vulnerable to losing.

If Trump continues flailing about, in November 2020 we will find out just how big of a mistake Republican politicians made by not standing up to him.

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  • Clyde Duncan  On 04/08/2019 at 6:10 pm

    Big Fat Ugly Bubble – 2019 Edition | 5 Minute Forecast

    As we’ve lamented from time to time, the president had a remarkable chance to overhaul the Federal Reserve’s board of governors — with five vacancies among only seven positions total. But for the first three appointments, it was more of the same — egghead economists, career Fed apparatchiks or both.

    Now, with the final two nominations, the president is finally looking to shake things up. But not in a good way.

    Last month, he nominated Stephen Moore of the Heritage Foundation. Last week, he nominated Herman Cain — the onetime CEO of Godfather’s Pizza and a GOP presidential candidate in 2012.

    Both of them have given lip service to the gold standard at one time or another, but that’s not why Donald Trump is choosing them. He chose them because they’re in line with his views about Fed policy right now.

    Moore is on record saying the Fed should reverse both of its interest rate increases that came during the latter half of 2018. Cain has been more circumspect, but he said in February he’s concerned about deflation — which implies he likewise thinks the Fed went too far raising rates last year.

    So pending Senate approval, the new guard at the Fed is keen to keep inflating the “big, fat, ugly bubble”. At least long enough to ensure a second Trump term?

    Let’s circle back to Trump’s remarks at that 2016 debate: “The only thing that looks good is the stock market.”

    There was a profound truth in those remarks. The Fed’s post-2008 bubble-blowing policies created fabulous new wealth for the holders of financial assets. Meanwhile, the “real economy” on Main Street bumped along with the weakest growth of any post-WWII economic expansion. Median household income, measured honestly, remains slightly below 2007 levels.

    Main Street, seething over that disparity, propelled Trump into the White House.
    But a funny thing happened since then.

    Trump more or less implemented the agenda of the GOP donor class. Despite Republican control of Congress, the first two years, he put immigration issues on the back burner in favor of big tax cuts with no spending cuts to match. And as noted here in February, the benefits of the tax cuts don’t seem very tangible or visible on Main Street.

    Last week, our Jim Rickards assessed a 60% probability of Trump winning a second term.

    This morning, we turn to our favorite political reporter Michael Tracey. Like Jim, Mr. Tracey was among a lonely contingent that refused to rule out a Trump victory in 2016. Unlike Jim, he sees potential trouble ahead for Trump in 2020 — even if a new recession doesn’t set in.

    The irony is that Moore and Cain might steer the Fed more in the direction Trump wants… but it wouldn’t be enough to ensure a second term because Main Street wouldn’t see the bulk of the newly created largesse.

  • wally n  On 04/08/2019 at 7:16 pm

    So many apologies to come from these idiots, people supporting Trump care about Federal Reserve??? America was this close to becoming a Service Industry, and controlled by the EU and China. You guys used to be so smart, you missed the Large Billboard Warning when we voted for obama?? WAKE UP!

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