I don’t think he is correct, just dreaming of a libertarian fantasy world.
Causing the markets to tumble is about buying up assets and privatizing assets within a small group of in-group people and organizations. The markets tumble and the government gets to pick and choose which owners weather the storm.
“Temporary hardship” for “long-term prosperity” is meaningless marketing language. This is the real sell because it sounds so reasonable. It clicks the switches in your brain that get you nodding along without giving you any plans.
Balancing the budget is important but he only looks at spending and doesn’t mention revenue which is half of the equation.
Balancing the budget immediately without increasing revenue would require such drastic cuts to spending (over 25% of the budget I believe) the “temporary hardship” would literally kill people, millions of people is a possibility.
If you look at the economic effects of Russia and the Soviet states after the fall of the Soviet Union and the economic effects of the rise of the Third Reich you get a picture of the economy they wish to create. Just think replacing the US government means we can erase $35 trillion in debt that really solves the debt, deficit conundrum!
I wonder which companies will be chosen as the winners in this market tumult and temporary hardship, as the richest man in the world runs his government agency he was given quid pro quo for getting the President elected.
Depends on the details, but imo “Temporary hardship” often prevents “long-term prosperity”.
Ignoring the ethical consequences here… If your solution causes a recession that kills employment, productivity, tax revenues, GDP growth, etc. for a decade, it’s probably not the way to prosperity.
Howard Lutnick, the cochair of Trump’s potential transition team, called out Kaitlin Collins last night on CNN because she said that vaccines are safe for kids. He brought up autism rates, ffs.
If Trump wins, his prioritization of loyalty over competence will make a 2nd term much worse than the first.
The MAGA party is foundationally about social conservatism, xenophobia, and Christian Nationalism.
They have eschewed financial conservatism and environmental conservatism. They run solely on pro-white and what they view as pro-“Christian” policies such as being anti-gay people and anti-choice.
I think that when Trump’s dementia becomes too visible to ignore, which will happen before a possible 2028 run, that the sane wing of the Republican party has a chance of reclaiming power. The crash and burn of things like the DeSantis campaign show the limits to running on hate.
