Buying His Way Out of Obstruction
We are hearing a lot of about the specular stock market and the grand statistics that candidate Trump claimed were rigged. Today, our great Orange Leader decreed that if the Democrats would have been elected the stock market would have gone down 50%. It’s amazing to any informed financial expert that a president would claim that he, and he alone, was the reason the stock market would go up or down.
There are those who may have gotten a thousand-dollar bonus or seen some uptick in their take-home-pay, but there are many questions about the future based on the actions of this administration. The “America First” mantra that Donald Trump brought to the rich people summit in Davos may seem like something that can be exported to other countries, but the wealth of the world doesn’t have a flag or a nation, it lives only where gold becomes more gold.
When Trump was on the trail he spoke often about the Gross Domestic Product (GDP) and its lack of growth during the Obama administration. GDP is the total value of goods produced and services provided in a country for one year. When we look at 2017, we see that the first quarter brought a 1.2 GDP, followed by a 3.1 and 3.2 in the middle of the year, but the final quarter of 2017 down to 2.6. That makes the year come in slightly above 2.5 GDP average. To put this in perspective, before the deep dips in 2016, the GDP was at 3.8 in 2015 during the Obama administration. The stock market, as I have said before, was around before Trump and will be around after Trump. He can claim victory now, but how will he explain the next course correction or inflationary sell off? Will he go back to blaming Hillary?
With the news that President Trump attempted to fire Special Counsel Robert Mueller last summer, there seems to be lots of movement in the investigation into Russian interference, collusion, obstruction of justice, and money laundering. And those are just some of the charges that may come out of this so-called “witch hunt.”
The deeper problem is what members of Congress, especially the Republicans, will have to face if Trump is charged with something. Will they look the other way because their rich donors like what Trump has done for the economy, or will they rise to a higher calling? If you buy into the myth that Trump is the catalyst for the over-performing market, then you can easily jump to the conclusion that even if Trump lied, cheated, colluded or obstructed, he’s good for America. Isn’t that how Bill Clinton survived impeachment? We all know that he lied to the special prosecutor, right?
When people say to me, “Trump has made my life better,” I don’t try to argue that economic improvements are evil, I am glad they are doing well. I am sure if someone else was president the economy would be doing just as well. The surge in the money on Wall Street is based on trying to make Trump look good, as well as a swell of capital for investments. But Trump can claim victory only if there is long-term growth. Anyone can make a spreadsheet look good for one year.
Our country was designed from the very beginning to be a trade machine because of our never-ending resources and valuable products. For more than two-hundred years, the United States’ economy was propelled by free labor. And then, after the Civil War, labor unions had to fight for fair wages to create a middle class.
Founded in 1817, the New York Stock Exchange soared with slavery for more than fifty years. While we could say that there were some major moral and democrat principals violated with slavery, white Americans looked the other way. Using the stock market and the economy as a yardstick to judge the fitness of a person to be the leader of the free world is unenlightened.
Trump can claim that all the trade deals that were done before he arrived on the scene were poorly crafted and bad for America, but there is absolutely no truth to the claim that rules, regulations, tariffs and the creation of NAFTA were not good for the United States. The years of growth may have slowed at times, but even Donald Trump has a blank spot in the causes of his bankruptcies and failed enterprises.
Trump never talks about the reason for the last collapse of our financial institutions. He never links the bad governance at U.S. banks to the world economy downturn. The laws that the Donald and his team of wealthy political whores just lifted were put in place to avoid another blowout of the banking system. But that doesn’t matter to Donald J. Trump, the man who seeks immediate gratification. The real experts in the financial world have already warned us that disaster will happen again, only this time the blame will squarely land on Trump.
He can swat away reporters’ questions with the expression, “Fake News,” but he hurts his case by his actions and words. As the investigation into Russian interference in the 2016 election, and the subsequent dodging and covering for those who had contact with Russians continues, it is totally amazing to me that someone of Trump’s experience in business would react they way he is carrying on. He is acting like he is guilty.
If Trump stays in office, he will have to get rid of his family, his lawyers and his ass-kissing generals so that he can claim he is free of the cancer. He will never come to grips with the fact that he is the cancer and, as his confidence grows, he becomes more of a danger to himself and our Constitution.
The swamp was deeper than he knew and now that he is in the middle of it all, attempting to tread water, the smell is already on him. He’s an evil little ego with not much care for anyone else. Don’t be fooled by the deals and DACA diversion. He’s only in it for himself. He’ll throw his own kids under the bus, assuming there’s any money left for school buses, after he finishes ruining America. He cannot buy his way out this time.
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