Open 24/7/365

We Have A Life-Time Warranty /
Guarantee On All Products. (Includes Parts And Labor)

Neither Trumpism Or Trumponomics Will Outlive Trump

Republicans will jettison protectionism and contempt for global institutions, though not their hostility to legal immigration. Neither Trumpism Or Trumponomics Will Outlive Trump

President Donald Trump lost his bid to win re-election, and when he leaves the White House most of the distinctly Trumpian elements of his approach to economic policy will leave with him.

To many Republican politicians, the 2020 election results look like an endorsement of the economic approach of the last four years. Their party gained seats in the House of Representatives, will probably keep control of the Senate and maintained their grip on state legislatures. Trump increased his support among African-American and key Hispanic voters.

Trump coasted to victory in states like Texas and Ohio, where pre-election polls showed him struggling, and won about 8 million more votes than in 2016, the latest counts show. (President-elect Joe Biden outpaced Hillary Clinton’s 2016 performance by over 10 million votes.)

The message that some in the GOP will take away from this is simple: If it weren’t for the coronavirus pandemic, the strong U.S. economy would have given Trump the victory.

But Trump’s main legislative accomplishment — his 2017 tax cuts for corporations and households — was straight out of the standard Republican playbook, and had nothing to do with the president’s conservative populism or economic nationalism. The same goes with Trump’s efforts to deregulate the economy.

By contrast, Trump’s hostility to immigration was distinctly populist — and will probably have staying power in the GOP, to the potential detriment of the economy. Set aside the issue of illegal immigration, which has long been a Republican concern. The Trump administration wanted to slash legal immigration, as well. And in 2017, some Senate Republicans joined with Trump’s effort to halve the number of green cards awarded annually. It’s hard to see what would cause the Trump-emboldened immigration hawks to soften their opposition.

I hope the next few years see an internal battle in the GOP over this issue, but I expect pro-immigration Republicans to avoid it. Pro-growth Republicans should be making the case that the U.S. needs more immigrants.

The U.S. faces a demographic headwind, and growing the economy will require more, not less, immigration. Immigrants start businesses at higher rates than native-born Americans, and those new businesses fuel innovation and create jobs. If future green cards were issued to immigrants with relatively more skills, the benefits to the economy would be even more considerable.

And if the Republican Party doesn’t take down the “immigrants aren’t welcome” sign that Trump hung on the Statue of Liberty, the U.S.’s role as a magnet for some of the world’s most ambitious, daring and hardest-working migrants will diminish, threatening future prosperity.

Apart from hostility toward immigration, the other notably Trumpian aspects of economic policy will not have staying power with the mainstream GOP.

Under pressure from business leaders, I expect the center of gravity in the party to recover its pre-Trump support of free trade and globalization. Many in the GOP will continue to push for U.S. businesses to move factories and operations out of China, and more populist Republicans will support measures aimed at returning those activities to the U.S. But hawkishness toward China is not the same as aversion to trade. The days of Republican support for tariffs against U.S. allies are over.

The same goes with Trump’s hostility to international institutions like the North Atlantic Treaty Organization and the World Trade Organization. The political right will not continue Trump’s attempts to weaken and delegitimize the post-World War II liberal international order; doing so will be seen as too big a threat to prosperity.

Many Republicans are unconcerned about adding to deficits by cutting taxes, incorrectly believing that tax cuts often pay for themselves. Deficit spending is another matter for them, and Republican concern about adding to the national debt thwarted Trump’s desire for a round of economic stimulus this fall.

Republicans will continue to be concerned about the spending side of the debt ledger, and will resume their attempts to cut future spending on Medicare and Social Security. Trump froze these efforts during his time in office, but the GOP’s opposition to entitlement-program cuts will not outlast his presidency.

Some Republican politicians are interpreting the election results as evidence that the future of the GOP is as the party of workers, not businesses elites. The GOP should put workers closer to the center of their policy agenda. But doing so would not be a continuation of Trump’s policies. His actual accomplishments for the working class are scant. He didn’t deliver on promises to reduce drug prices and strengthen healthcare. His promised manufacturing revival never materialized — his trade wars actually cost manufacturing jobs.

Updated: 11-15-2020

‘Trumpism’ Without Trump Is An Inkblot Without Ink

The word has become a Rorschach test of views about the Republican Party. But it’s really just a one-man brand.

Even in defeat, President Donald Trump is a master of branding. People are rushing to slap his name on their favorite version of the Republican Party.

“Whatever the GOP once stood for, voters today associate it with one thing: Donald Trump,” writes Bloomberg’s Joshua Green.

“Trumpism” is the word of the season.

But what exactly is it, or was it?

Those on the left, long convinced that the GOP is a bunch of hateful, greedy racists who want grandma to die, brandish the word “Trumpism” as an accusation that there’s no gap separating Trump’s worst qualities from Republican policies and Republican voters. “In 2020 his sexism, racism and lie-telling have been legitimised and emboldened,” writes David Smith in the Guardian.

“We cannot separate, disentangle, Trump from the Republican Party,” declares Eddie S. Gaude Jr., chairman of Princeton University’s African American studies department. To try is to pretend “that somehow Democrats have to reconcile with Republicans as if these were rational actors who have been behaving in good faith the past 40 years. They haven’t.”

In this reading, Trumpism has ruled the GOP since President Ronald Reagan’s day, and it amounts to being hateful and divisive.

On the right, politicians and commentators hope to attach Trump’s powerful brand, minus the less savory associations, to their own ambitions and favored policies. “Republicans won elections down ballot because of Donald Trump, not in spite of Donald Trump,” Arkansas Senator Tom Cotton told Wall Street Journal reporters for an article about the “future of Trumpism.”

With two Harvard degrees, a nerdy manner and a military bearing, Cotton is an unlikely successor to the flamboyant president. But he’s a torchbearer for Trump’s economic nationalism and populist resentments.

“All the high wardens of popular culture in this country, they love to make fun of Donald Trump, to mock him, to ridicule him,” he told an Arkansas fundraising dinner in 2017.

“They make fun of his hair, they make fun of the color of his skin, they make fun of the way he talks — he’s from Queens, not from Manhattan. They make fun of that long tie he wears, they make fun of his taste for McDonald’s.

What I don’t think they realize is that out here in Arkansas and the heartland and the places that made a difference in that election, like Michigan and Wisconsin, when we hear that kind of ridicule, we hear them making fun of the way we look, and the way we talk, and the way we think.”

For Senator Mario Rubio of Florida, Trumpism offers a chance to jettison the GOP’s devotion to free markets and its association with big business. “The free market exists to serve our people. Our people don’t exist to serve the free market,” he told the Wall Street Journal.

Before Trump descended his famous escalator to enter the 2016 race, Rubio’s so-called reform conservatism was the next big thing on the intellectual right.

That was essentially a U.S. version of European-style Christian democracy, with policies favoring families, workers and stable communities. Protectionism and industrial policy are in. Free markets are out. Now it’s supposed to be the kinder, gentler version of Trumpism.

There’s some truth in all these interpretations, but they miss what makes Trumpism distinctive. I often tell new readers of my 1998 book, “The Future and Its Enemies,” that they can update the first chapter by replacing the words “Pat Buchanan” with “Donald Trump.”

Buchanan — a conservative columnist and TV host who got his start as a speechwriter for President Richard Nixon — was a Republican presidential primary candidate in the 1990s.

Like Trump, he advocated a return to a static ideal of mid-20th-century America, with heavy industry unthreatened by international competition or new technologies, and an apparently homogeneous culture unblemished by immigrants. Both men found fans among workers fearful of losing their jobs to outsiders or to unseen, barely understood market forces.

When you read Buchanan’s famously dark “culture war” speech to the 1992 Republican convention, however, it doesn’t take long to detect a major difference. As policy, Trumpism and Buchananism may be the same. They even share the ethos of the schoolyard brawler.

But Buchanan saw himself, and the Republican Party, as upholding norms. He spoke in the stern voice of traditionalist Catholic schools: against abortion, against homosexuality, against feminism, against pornography, against Bill Clinton’s draft dodging and Hillary Clinton’s legal career. “There is a religious war going on in this country,” he declared.

“It is a cultural war, as critical to the kind of nation we shall be as was the Cold War itself, for this war is for the soul of America.” Buchanan was judgmental.

Trump would never give a speech like that, any more than Buchanan would boast about grabbing women by their private parts. Trump is all id, and so is Trumpism. It offers supporters not just policies but emotional release.

Trump’s rallies are famously fun. He’s a showman who doesn’t mind his tongue, unless you count making sure he keeps the audience laughing.

“It’s a lot easier to act presidential than to do what I do; anybody can act presidential,” he told a Florida rally, stiffening and taking a few paces to great laughter before resuming: “Ladies and gentleman of the state of Florida, thank you very much for being here.

You are tremendous people and I will leave now, because I am boring you to death.” Trump cares less about power than about applause. And he wins that applause by telling fans to let it all hang out.

Embodied in a man for whom bankruptcy is as routine as divorce, Trumpism’s radical departure from Republican Party tradition isn’t its protectionist economics but its anti-bourgeois character. It avoids hypocrisy, the tribute that vice pays to virtue, by scorning virtue. For people tired of being bossed around, Trumpism offers relief: from minding their manners and policing their speech, from regulatory niggling and environmental pieties, from wearing masks and being nice. Breaking norms is its emotional core.

With their message discipline and pristine resumes, conventional politicians like Cotton and Rubio offer no such release, however much they may adopt Trump’s policies and seek support among his followers. Trumpism without Trump is like chocolate chip ice cream without chocolate chips. Missing its defining ingredient, it’s plain vanilla.

Trump did put the working class at the center of his rhetoric, and GOP politicians noticed. Now, the party needs to translate this rhetorical emphasis into a policy agenda. If it can, it would be building on Trump’s presidency — by moving away from it.



Related Articles:

Barr Allows Voting Probes But Warns Against ‘Far-Fetched’ Claims

Biden’s DOJ Must Determine Whether Trump Should Be Prosecuted

A Little-Known Trump Appointee Is In Charge Of Handing Transition Resources To Biden — And She Isn’t Budging

Donations To Trump’s “Election Legal Defense Fund” Actually Go Towards Paying Off His Massive Campaign Debt!!!

Everything You Need To Know And Expect From A Biden / Harris White House #GotBitcoin

3 ways Bitcoin Price And Stocks May React To A Biden Presidency

Betting Markets Are More Accurate Than Polls In Predicting The 2020 US Election

Thriving New York Times, Fox News Ponder A Post-Trump Scenario

Kamala Harris To Make History As First Female U.S. Vice President

Our Facebook Page

Your Questions And Comments Are Greatly Appreciated.

Monty H. & Carolyn A.

Go back

Leave a Reply