As long as Donald Trump is US President, which will at least be through 2020, it may not even be necessary to read any more economic analysis articles.
Why? Because almost all the economic decisions Trump and his Federal government are going to make are market manipulative agendas designed to prop up the stock market - in a concerted effort to "fix" his 2020 re-election.
In effect, Trump is implementing a Wall Street corporate “socialism" electioneering economy. And no one on Wall Street, the Republican Party, or his base, cares.
The Democrat-run House may care, but they have little power to do anything about it. Ironically, the Republican "free markets" Party has now become the corporate socialism party. Let me explain.
Under Trump's economic agenda in the United States, we can no longer separate our investment economy from Trump's haphazard political agenda.
Since his election in 2016, Donald Trump has converted what remained of a functional US market economy and turned it into a national version of his New York-like real estate empire – by "hiring" (appointing) politically-compliant crony ideologues (and obvious fellow dysfunctionals like Stephen Miller and Stephen Mnuchin) to manipulate the US economy and the stock markets - for the primary purpose of fixing his 2020 Presidential election chances.
What Trump’s closet corporate “socialism” means for the United States
First, let me state very definitively that "elite corporate welfare” is the same thing as "elite corporate socialism.”
Think of it this way: If we were a socialist nation, we would be using most of our tax dollars to create and sustain "government-provided goods and services" to the masses.
In America, because our laws are written for a "free markets” business nation - and since we believe we are a God-annointed capitalist global leader, we are now continuing the deeper replacement of any “government" part of our economy and replacing it with "corporate" - simply funneling more and more of our tax dollars to support the big lobby money private sector provision of goods and services.
Even our long-running national safety net (entitlements) part of the U.S. economy - Medicare, Medicaid, food stamps, etc. - has long been controlled by the private sector.
Confused? Ponder this question: Name one government supermarket or government health care provider (other than the VA) that even small amounts of entitlement tax dollars go to for our safety net good or services?
Even health care services like Planned Parenthood - and most local poor people health clinics - are NGOs that rely largely on citizen donations - with very little funds coming from government taxes.
Today, under the extremist privatizer Donald Trump, the neoRepublican Party, the elite family cabals that pander to Trump, and Wall Street’s big lobby money benefactors, we are now witnessing the much deeper privatization of our public education system, our Social Security fund, our military, even our drinking water (an especially dangerous mindset), as well as the idiotic “anti-socialist” rhetoric intended solely to promulgate the continuation of a dysfunctional insurance industry private payment system to fund our private health care goods and services.
Deregulation - Trump's favorite form of corporate welfare
Under what can only be labeled as Trump's extreme privatization agenda, everything now is about about profit and more profit, a uniquely American form of corporate “socialism” that pilfers of our tax dollars for the "profit" benefit of Trump’s favored fossil fuel companies, war corporations, and Wall Street hedge funds - all of whom are eternally grateful for their huge tax cuts, the almost total disregard for anti-trust laws, and, of course, their massive deregulation cost-cutting “profits.”
In fact, what we are witnessing under Trump are dangerous deregulation policies designed to irresponsibly "profit" from:
- degraded public safety regulations;
- degraded public health standards like clean air and water;
- profiteering through the trashing of consumer rights (to keep corporate criminal behavior immune from lawsuits);
- profiteering from a failing border security mindset that separates immigrant children from their parents;
- evangelical profiteers who are making every effort to privatize our US public education system; and
- turning our foreign policy into unfettered weapons sales to global dictators and Middle East tyrants (who are committing war crimes in Yemen).
And another point: What happened to the massive infrastructure improvements Trump promised during his 2016 election campaign?
As a result, we are now living in a wholly manipulated U.S “political economic” system – an economic system used not to benefit the nation as a whole, but to benefit the Trump-Kushner family, like-minded elites, and favored big donor Wall Street cronies.
In Trump’s Federal government, no economic decision is being made without extreme profits and his 2020 re-election in mind. In Trump's very self-obsessed mind, he will ONLY get re-elected if he can buy off Wall Street even more by making them more money - and to get the stock market to stay up regardless of the consequences to the nation’s longer-term health - and its citizens.
Economically, look out below if Trump is re-elected
If Donald Trump is re-elected in 2020 for another four years (and it looks like he will given how the Democrats are acting), there is a good chance the United States will be in for an economic "shit show" during his second term.
First of all, the Trump Administration is run by very narrow-minded men and women. By this I mean, like Trump, they are also narcissistic self-absorbed elitists who are willing to do anything to retain their power and influence in a fast changing United States that is seeing increased cultural and religious diversity.
In addition, 60% of an American citizen majority are wise enough to have a strong retro-desire to move away from elite corporate power that is destroying our middle class - and directed to a more egalitarian decentralized capitalist economy.
Of course the corporate elites, especially the most vile of them, will spend unlimited funds to try and “buy” anti-boycott and anti-protest laws passed by their lobby money corrupted politicians. And as we saw with Standing Rock, they will hire and use private police thugs to repress citiizen and consumer dissent against big corporate and big lobby money power grabs and abuse.
Moreover, the Trump Administration is working with other international "leaders” who are actively priming Russia to a allow for a US/Israel/Saudi Arabia war with Iran, which we will see in a Trump 2nd term if John Bolton gets his way. And, of course, like Iraq, a war will Iran is about oil, even though it will be “sold” as some bogus form of "anti-terrorism."
Moreover, we will almost certainly see another economic bubble during Trump's second term.
Why in his second term, if he gets one? Because the policies he has implemented now are similar to what W. Bush did in his first term (except this time on steroids) - AND he will have nothing to lose if he is re-elected.
Given the fact that Trump is clearly an emotionally immature man (a rich, untreated aging sex addict who will eventually do self-destructive things, just as we saw with the human trafficking prostitution arrest of Trump supporter Robert Kraft, owner of the New England Patriots). If elected to a 2nd term he will no longer be bound by any form of sanity control, such as the institutional contraint of civility that would be needed for re-election.
And we clearly see what type of a person Trump is from the Mueller Report. Trump tries to portray himself as a victim. He is not. He is, in fact, a political and economic predator.
Moreover, untreated emotionally disturbed individuals in high stress situations - especially addicts who are constantly criticised and attacked by critics, will eventually lash out in even more self-destructive ways, which is what I expect Trump to do at some point in the future. We already see what he does on a daily basis.
If we combined Trump’s emotional immaturity with his other advisors’ ideas (Bolton, Pompeo, Stephen Miller, and Betsy Devos), it is inevitable some crisis will be created by this cabal. We already see with their inhumane immigration policies, ignoring the brown-skin people in Puerto Rico, and the almost weekly news about chemical spills and other public health issues.
Now the double-edged news!
Regarding money and our investments, the political lock Trump's "corporate socialism agenda" has on our national economic agenda will, in fact, reduce stock market volatility and the odds that the markets will go down much - at least until after the 2020 elections.
Trump has intimidated the Federal Reserve Board into political submission, and Wall Street is on board Trump's Titanic because they love their enhanced riches under Trump.
As a result, stock market investing will have limited downside risk, at least until the end of 2020.
Hence the title of this article. Trump's economic policies make more true than ever the adage: "What is good for Wall Street is bad for Main Street"
For the time being, the stock markets are going to be a little more stable because of Trump's corporate welfare fix.
But know the biggest risk to our long-term financial health is living in a market economy that ignores the sanity of a progress-focused national business environment, the intelligent use of science, innovative leadership competence along with basic consumer protections, and a nation driven by a diversity-minded business integrity that respects and rewards ALL citizens, using intelligent problem-solving instead of ignorant economic ideologies that foster increased income inequality.
When we one day get rid of most of the sociopathic Wall Street kleptocrats who incessantly try to control our various levels of government(s), we can again move forward to a more "inclusive capitalism" that at least tries to share more wealth with the 60% of Americans who are still not participating in our national wealth creation.
Ultimately extreme ideological thinking creates dangerous cults. Today, America seems to have become a divided nation of ideological cults. And cults are always based on obsessive denial and faulty thinking. It will only end in chaos and anarchy, which is where we are headed now!
What America needs is a good domestic version of the "Yellow Vests" movement we saw in France. Sure, the corporate police state will come out in force, but either we stand up for the non-elite majority now, or we go deeper into the corporate fascist state that the Trump kleptocrats are taking us.
Mass protests - or mass servitude; those are our choices!