Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts

Monday, June 12, 2017

"Breaking the Spell" - Can Trump Voters Be Lured Back to the Democracy?


Can this ever go "back together?"
Has Trump crystallized permanent division?


If We Want To Change the Way Things Are,
We Must First Look At How We Got Here.

Events have left us with no sensible alternative to "embracing the inescapable."

Fevered Trumpkins fantasizing about what
"Make America Great Again" might  possibly mean.

[image]
At this juncture we are forced to conclude that whatever wreckage may remain of our country's democracy is now firmly in the hands of the US oligarchs and the Russian oligarchs. Moreover, with the current minority in control of Washington it is painfully clear that decades of rancid media, voter suppression and gerrymandering have finally succeeded, too. Seated behind the locked gates of their country clubs, our craven billionaires are -- at this moment -- still panting from their "victory lap." The Republicans who have enjoyed the criminal benefit of all this anti-democracy effort remain almost comatose, thoroughly inebriated with their sudden, unexpected ascendancy.

In fact, given the extreme degree of this "drunkenness," a reasoned estimate of what's coming next for us may well be described as a descent into the "arrow in the eye hang over phase." MeanMesa is headed to WalMart to buy extra ammo.

President Trump's Theatrics "Placate
His Base Without Anything "To Announce"
Amazingly,Trump voters remain absolutely besides themselves
 with his zero accomplishment of "policy successes."
Rats. It's always tricky to try to pick really
 great birthday presents for dour, grumbling nihilists.

There's nothing.
Like it. [image]
The brutally hideous House version of the American Health Care Act should have been more than enough to "surgically separate" hordes of mindless Republican voters from their "lemming-like," repetitive, quadrennial pilgrimage to the polls to painfully reelect their Congressional tormentors. [MeanMesa employs the term "Congressional" to include both House members and Senators. At least in theory, bit groups comprise the "Congress."]

A truly weird "injury priority" has colored most of the few discernible shards of the Trump "proposals" on matters ranging from tax reform to immigration to infrastructure to the nation's budget. None of this should present any sort of an "imponderable mystery" to those observing the destruction. Trump's base has a single obsession. It is one which may take a myriad of incomprehensible political forms, but it exists nonetheless.

What obsession?

Trump and his supporters want more than anything else "to get even." 

Neither the President nor his rambling, largely incoherent voter base are burdened with any matter as
The prospect of vengeance [image]
abstract as actual policy. The Trumpkins don't particularly care about infrastructure, wealth inequality, NATO, GDP figures or, probably, even what twisted form their health insurance might take in a few months. Only a barely detectable, ghostly, statistical demographic of the Trumpkin base care a whit about the President's embarrassing proximity to literal clouds of Russian oligarchic mobsters swirling around the Oval Office like gnats at a picnic.

For the "to date" duration of the Trump Administration we have seen an obsession with "getting even" which has repeatedly manifested itself in the grisly procedure of:

 1. identifying "enemy targets" among the citizens, 
 2. justifying "injury priorities" which will consistently strip away any existing benefits enjoyed by these "enemy targets," and, 
 3. re-framing each such an attack as some sort of economic or political "necessity" required to "get things under control" again.

Trump's supporters will need
LOTS of VooDoo dolls. [image]
The Trump base has no idea that the results of these "getting even" efforts will have, at best, a minuscule impact on either the national economy or their traditionally pathetic personal finances. Recent polling suggests that, even though the GOP now controls the entire Potomac, Trump supporters continue to blame Washington Democrats for Donald's increasingly troublesome lack of accomplishment. When the President does something -- anything -- which horrifies the more rational players in politics, his base is elated. Trump has "served" them even if the banquet's main course is "best served cold come the dawn." The new political reality must not be dismissed in favor of comfort.

Trump voters were not seeking relief, 
they were seeking revenge

Trumpkins spelling out "legislative
changes" they consider crucial. 
[image]
Their politically groomed "grievances" were a carefully inculcated fantasy, and all aspects of their "revenge" is equally fantastic. Worse, their hunger for this strange "revenge" is as chaotic and petulant as they are. Almost none of them would be able to agree on exactly what insult or injury -- real or imagined -- their "revenge" might conceivably redress. Trump supporters have been cast into this strange state by decades of Murdoch-style, incendiary media and a telling lack of education and information, both vulnerabilities artfully exploited to further enrage their long duration inferiority issues.

So, in terms of "inspiring" Trump voters to be attracted by some sort of policy, "nothing is real," right? No. Unhappily this is all painfully real -- not to mention, terrifying.

So far this tactic has served the President fairly well. Polls suggest that Trump's 35% base has eroded very little while confronted what is now clearly seen by others as complete paralysis in the government.

So, What Do We Expect Next?
MeanMesa Offers an over view of short term
 possibilities that might map out some of our likely futures.

Although, amid this current chaos this type of speculation can become quite "wordy," we can, hopefully, simplify things to a more manageable discussion by considering the likely course of events with respect to structural elements of US government and policy which will "set the tone" for the next few months. The specific areas which seem most likely to set the stage seem to be:

1. the GOP Congress
2. the Trump Presidency
3. the US economy, and 
4. international affairs.


1. the GOP Congress

MeanMesa suspects that the Republicans currently controlling the government will continue to passive "tolerate" Donald Trump as President just as long as the "investment continues to deliver a profit." The "line in the sand" will probably become more and more visible as the President's approval rating drops closer and closer to around 30% -- a politically caustic nightmare for anyone needing to win an election.

Nothing feels better than being a victim. [image-YOUTUBE]
As of this posting the political weight of this continued support is dwindling for a number of lethal, political reasons. The chilling void of any legislative "products" beyond the frantic shoveling of everything "not bolted down" into the pockets of the billionaires who own the Republican Party may, over time, become a frightening political disadvantage.

The most ardent Trump supporters will, undoubtedly, remain utterly unaware of this legislative paralysis, but the "independent" voters in that demographic may become restive with the complete inaction. On the other hand, as mentioned above, once the "bleeding" starts among the first victims of the cruel health care proposal and the painful austerity of the Trump "budget proposals," many of the original "Trump gang" will wander off grumbling.

Hopefully, this pit of illiterate despair and low information frustration will be literally seething by the 2018 mid-terms.

2. the Trump Presidency

Donald Trump's White House is already under siege. The President, suffering with his reputation for being dangerously incompetent and untrustworthy, isn't even able to retain quality counsel for his glacier of legal problems "sprouting up everywhere." The Democrats have shown an admirable appetite to stand up to Trump, but MeanMesa suspects that there are a shocking number of cases of quiet enmity boiling behind the scene in Trump's Congressional Republican "colleagues," too.

Perhaps the most telling aspect of Trump's political affections and administrative competence can be seen in the present state of vital governmental capabilities. The Justice Department has been, necessarily, castrated with an insipid toady as Attorney General and internecine mayhem raging through every cubicle and hall way. The State Department, still largely un-staffed, is functioning at roughly 30% of its pre-Trump capacity. Most of the remainder of the Executive branch has been sold to the highest bidder -- primarily inexperienced billionaires and Goldman-Sachs imports.

Trump's "surviving" political career -- shockingly, not even yet navigating to its inevitable nadir -- is careening to a static state where nothing necessary can be done and nothing which might help has been proposed. The President's foreign relations gaffs seem to be impatiently converting disastrous possibilities into disastrous realities.

Of course, absolutely none of this so much as "perturbs the naps" of the mindlessly unaware and uninterested Trump voters or the Republican Congressmen opening fat checks from the billionaires -- billionaires who happen to be "enjoying a sudden, undreamed of prosperity."

3. the US Economy

[MeanMesa intends to look into this in more detail in a future post.]

To date Trump has, actually, done very little with the economy. The same cannot be said for the Congressional Republicans. They have demonstrated an emboldened legislative avarice to a degree not previously thought to even be possible. In all aspects this legislative action has been a quiet wealth distribution. In ten years the Republican "Trump Care" bill alone would obliterate $100 billion in the taxes imposed to pay for Obama Care [these were the "mandates" which initially served to make the ACA "revenue neutral"].

Trump's fever dreams for tax reform would propel these cuts into truly unexplored realms. Adding those totals to his big plans to aggressively expand military spending paints a really gloomy future for the nation's future annual deficits. The GOP Congress has been well paid to vaporize almost every law passed to deter the economy from repeating the 2008 free fall -- notably, including the Dodd-Frank Wall Street "discipline" legislation. The new administration has clearly flashed the green flag for the GOP Congress to "sell" the repeal of every regulation which is worth anything to an eager benefactor ready to pummel the crooks with "campaign donations" -- this has very clearly included an unprecedented "flood of sweet favors" to hedge fundies, bankers, brokers and other corporatists.

With the Oval Office now surrounded by ex-Goldman-Sachs "heavy hitters" and defiantly brazen insider traders, Trump has begun to install generals to make up for what appears to be a recruitment shortage for more racist billionaires.

4. International Affairs

Presidents generally arrive at the White House with a robust -- although often not strongly formalized -- "foundation" concerning foreign affairs around the world. This foundation is comprised of rather impressive amounts of raw, public data, enough knowledge of history to have a "perception" of historical vectors in other countries, a, perhaps intuitive, understanding of both visible and hidden explanations of the behavior and motivation of their counter parts and, importantly, a very well understood of their own, private ideals with respect to what such a President thinks the country ought to be doing.

However, President Trump is not really motivated to particularly "fit into" the analytical processes and "guidance" models of traditional Presidents. Although there may indeed be more deeply rooted , stable characteristics of Trump's personal ideas which remain obscured by his maudlin, lurching, public relations jolts, in the visible frame he is careening right and left on so many issues that no one is currently claiming to be able to anticipate his position, minute to minute, based on an understanding of his fundamental policy positions.

While there are almost certainly financial ties to the Russian mafia/oligarchs, and there seems to be a fundamental religious bent against "everything Muslim," the most pressing issue of Trump's foreign policy possibilities rests squarely on his yet unrevealed war making penchant.

Recent US history has already shown us that un-elected Republican Presidents, as their administrations inevitably slide into disrepair and Congressional paralysis, gradually become politically desperate. At this point the "war making impulse" presents itself as a political remedy. Given the flavor of the advice from those currently surrounding the President, the intrinsic danger of this impulse is even further aggravated.

While Trump might prefer to attack Muslims, political imperatives may well serve to shift his attention to North Korea. Worse, although a deep, conventional weapons attack on North Korea would probably accomplish just about any military objective, he may choose to use nuclear weapons to impress his base support. [who, as an electoral demographic, generally have no understanding or information about nuclear]

Additional Reading:

The Dark Side - American Oligarchs and American H-Bombs/MeanMesa









Friday, December 30, 2016

Trump Economy - What To Expect

Big Daddy's Big Daddy
Understanding Trump's Dreams
 By Looking at Trump's Role Model
Vladimir Putin is unquestionably the richest man in the world.

A good look at individual role models and their influence on "historic notables" can often present an understanding quite beyond what might, otherwise, be gleaned from the historical anecdotes about the notables themselves. Because there is very little to be "gleaned" from examining the opaque persona -- even when one's information is accompanied by whatever meager facts about such things as family, childhood, experiences and so forth -- of the President-elect, investigating the man's role model might reveal something interesting which had been intentionally obscured.

In this case the "man" is Donald Trump, and the "role model" is Vladimir Putin.

When the President-elect is "snuggling" into his $10,000 bed, he is probably dreaming of being even richer than his brutish Russian ideal. If anyone is still "missing the picture," the money which will make him the richest man in the world will be coming from you. Traditional Republicans are famous for their almost obsessive penchant for looting. In this case MeanMesa feels obliged to replace the term "looting" with a slightly darker, more aggressive alternative, "harvesting."

Dzengis Kahn -
the glory days before ROSNEFT
[image-nrc]
Vladimir, at least perhaps in the "more innocent" [less sociopathic] years of his earlier life, could have been comfortably classed as a merely a "looter," but based on his more recent behavior, his standing as the world's greatest "harvester" in modern times is quite well justified, Think of it as "moving" from from being merely a violent, monopolistic, Robber Baron to something closer to a successful, "winner take all" autocrat such as Genghis Khan.


As to MeanMesa's "snarky quip" about Vladimir being the richest man on the planet, don't take it lightly. The Federation's President, probably thanks to all the dirty tricks he studied as a KGB officer, is utterly masterful at presenting a completely opaque image of himself to the world press. While media reporting on the matter remains somewhat conjectural, if there's smoke, there's probably fire. Here's an example from a year ago as reported by the UK INDEPENDENT. [This article contains a great photo of Vladimir's $1 Bn Russian palace.]


Vladimir Putin 'corruption':

Five things we learned about
the Russian President's secret wealth

A BBC investigation speaks to exiled former 
Kremlin insiders, who allege wide scale corruption under Putin's regime.

By Adam Withnall
January 26, 2016

[Excerpted. Visit the original article here UK INDEPENDENT]


Sergei Kolesnikov told the programme he worked for the Kremlin to collect money from the super-rich, which they believed was to be spent on healthcare, but which was ultimately used “to help build a $1 billion palace for Mr Putin on the Black Sea coast”.

The BBC said it had seen documents from one of the offshore companies that diverted millions of dollars to the palace, which was constructed during Mr Putin’s first term as president.

It said that, according to Mr Kolesnikov, the owner of the company, Lirus Investment Holding, was Mr Putin himself.

Mr Kolesnikov was also allegedly filmed discussing Mr Putin’s secret fortune – investments of up to $440 million – with another Kremlin insider.

Sergei Pugachev, an exiled oligarch who says he helped Mr Putin become president, told the BBC he was “preoccupied with wealth from the start”. He said he visited one of the presidential palaces with Mr Putin during his first term. “We talked about it, he didn’t hide it, he knew he wanted to leave office a wealthy man,” he said.




 Glimpses of a Russian "Success Story"
Scratching and Clawing Your Way
To the Top of the Russian Federation
The American version has, typically, been somewhat more civil.
Still, setting an unavoidable example for an American oligarch with big ambitions.

While it might be somewhat satisfying to simply conclude that Vladimir is a notably successful equivalent to an American mobster, we must remember that this post is about his "service" as a role model for our new President. It should surprise no one that, as a dynastic oligarch, Putin's elevated position of fabulous wealth and power would very quickly attract the admiring attention of an awkwardly un-directed "financial wizard" such as The Donald.

MeanMesa suspects that this "attraction" would be more accurately described as an "obsession."

Although the important "supporting evidence" of Mr. Trump's "business prowess" remains hidden within his "missing" tax returns and shadowy speculation still absent any forthcoming "revelations" as to the details of his success, his oligarchic ambitions, on the other hand, can no longer pose as an exciting, "romantic secret" lodged somewhere in the intestines of a trust fund baby. The hill billies and bigots representing his electoral support may have been -- temporarily -- inebriated with this artificial "tale of exciting mysteries," but now that all these flamboyant wet dreams are scheduled to become material, we may well see more desperation than we were anticipating.

MeanMesa suspects that it is a fairly safe prophecy that The Donald is planning a "miraculous cash track" which will prove quite similar to Vlad's own "rags to riches" scheme.

The takings for pillaging the United States are significantly sweeter than those to be found in the Russian Federation. In the words of Presidential contender, Senator Bernie Sanders,

"This campaign is sending a message to the billionaire class: 'you can’t have it all.' You can’t get huge tax breaks while children in this country go hungry. You can’t continue sending our jobs to China while millions are looking for work. You can’t hide your profits in the Cayman Islands and other tax havens, while there are massive unmet needs on every corner of this nation. Your greed has got to end. You cannot take advantage of all the benefits of America, if you refuse to accept your responsibilities as Americans."


It turns out that the "patriotic minority" who voted to elect Donald Trump do intend to hand over "all of it" to the oligarchs who have been salivating in the wings. With his role model, Vladimir Putin, as an "ideal" Mr. Trump clearly intends to replace the current, "richest man on Earth" with a bright new "contest winner" from glittering Manhattan. You know, a "successful apprentice."

If Putin's the Model,
What Should We Expect From Trump?
Vlad's had some "expensive quiet time" with Obama in the White House.

Well, getting rid of that troublesome "quiet time," turns out to be one of the very finest jewels in the newly opened treasure chest. Yes, yes, we already understand that with Trump's nomination of EXXON's Tillerson to be CEO of the State Department, the rubles will start gushing in almost immediately. However, the half trillion dollars from the ROSNEFT deal, we can be certain, will only be the first installment.

Just as The Donald tricked the mindless Trumpkins during the campaign with his unending insinuations about Hillary's non-existent "business in as Secretary of State," the real Donald has already mapped out his multi-billion dollar, "harvesting wet dream."

To put this in perspective MeanMesa has selected a few "educational" snippets from recent reporting on just how things have been for hard working Vladimir. Have a look at the following excepted articles on the subject. [Links to the respective original articles are provided in each case.]

A Putin New Year
Nasty Old 2016 Ends On
 January 20 For the Russian Federation
Getting to know Trump's Hidden Hero

President Obama has been pretty hard on the oligarchs surrounding Vladimir Putin. Many of them have been "singled out" specifically to have travel restrictions and sanctions placed on their holdings in US banks. Obama's energy policies have reduced the value of Russian oil on the international market. There has even been a "wee bit" of State Department/NATO "bristling" about the security of the Baltic countries in the face of Vlad's Soviet Resurrection Dreams.

Take a look at the following [excerpted] articles to see what the international press is reporting about this. Remember, Putin had to be seeing some "high stakes" to make it worth while to openly scheme to elect a "friendly President" in the US.


Foreign Affairs

SNAPSHOT July 26, 2016

Putin Is Still Standing
The Elites That Keep the President in Power
By David Szakonyi

[Visit the site here -Foreign Affairs You have to pay to read the remainder of the article.]

Over the last two years, there has been no shortage of predictions that the regime of Russian President Vladimir Putin would soon collapse under the crushing weight of falling oil prices and Western sanctions. After all, Russia’s economy was weak even before the start of the pro-democracy demonstrations in Ukraine in 2013. The annexation of Crimea in early 2014 and the conflict with the West that followed might have boosted Putin’s popularity at home, but as the argument goes, it dug the country into an even deeper financial hole. Without sound structural reforms to promote investment and growth, the roof would simply cave in under widespread protests, and soon.

But this reading is fundamentally flawed. The real threat to Putin’s hold on power does not arise from societal discontent, whether it’s from Moscow’s and St. Petersburg’s so-called creative class or the lower class, which has been further impoverished by the economic downturn. Instead, the current Russian government survives because it has successfully placated the elites who have become fabulously rich and powerful thanks to Putin’s crony capitalism. This group of insiders either knew Putin during his early political career in St. Petersburg or worked in the “force structures” (known as the siloviki) within the army, police, or Federal Security Service, the successor to the KGB. Over the last decade, they have amassed incredible fortunes, benefiting from the nationalization of oil and gas companies such as Yukos in 2004 as well as insider deals, such as providing banking and other services to the government.

This transfer of wealth into the hands of such a small group of elites has created a system of mutual dependence with Putin: he orchestrated their rise but cannot rule the country or sustain economic growth without their backing. The drying up of oil revenue and restricted access to the West threatened to upend this relationship and shake these elites’ support for the current government.



Russia Loses 23 Billionaires
 to Economic Crisis
[Read the entire article here/MOSCOW TIMES]

The number of Russian billionaires fell from 111 to 88 over the last year as the country's economic crisis gutted personal wealth, according to a Forbes rich list published Thursday.

With Russia suffering a sharp currency devaluation and stalled economic growth, the total net worth of Russia's top 200 wealthiest businessmen shrank by $73 billion, Forbes' Russian edition found.

TheStreet

With Donald Trump as President, Here's What Will Happen to the U.S. Economy
Donald Trump has had a lot of success in business, 
but how will he be for the economy as president?
 Here's how his economic policies will play out.
By Emily Stewart

 [Read the entire article here TheSTREET]

"There's no denying Trump has done a good job of making himself rich -- he's worth somewhere between $4.5 billion and $10 billion, depending who you ask. Can he make the rest of America rich, too?

Trump was elected the 45th president of the United States on Tuesday and in his victory speech at the New York Hilton promised to focus on economic growth when he is sworn in next January. "We have a great economic plan," he said. "We will double our growth and have the strongest economy anywhere in the world."

On the campaign trail, Trump admitted the economy wasn't something he looked forward to tackling. In a January interview with "Good Morning America," he offered up a bleak assessment and added that, in terms of fixing it, it's a task he'd rather skip.

"We're in a bubble," he said. "And, frankly, if there's going to be a bubble popping, I hope they pop before I become president because I don't want to inherit all this stuff. I'd rather it be the day before rather than the day after, I will tell you that."

In an April interview with the Washington Post, Trump reiterated his doomsday view of the economy, suggesting we might be headed for recession. But this time around, he appeared more open to the idea of his being in charge of finding remedies. "I can fix it. I can fix it pretty quickly," he said. And more recently, he maligned the Federal Reserve for creating what he says is a "false economy."
...
As president, he will now be tasked with accelerating American economic growth and fixing its problems."





The American economy under a President Trump: a primer
Donald Trump has a plan that’s not aligned with those of his party and 
no history of government service to reference, 
so the future economic picture of his presidency is a cloudy one.
But there are some clues.

By Lonnie Shekhtman 
November 10, 2016

Americans sent a clear message during Tuesday’s presidential election: They want radical change. They soon will get their wish. Though what that change will bring for the well being of Americans and the economy, no one can predict, given that Mr. Trump has an economic plan that’s not aligned with the plans of his party, and no history of government service to reference.
...

"A more isolationist direction for the country could affect global relations, some worry. A decline in trade also could dampen economic growth by raising the prices of imports and reducing the amount of goods and services available in the country."
...

Tax cuts are tried and true Republican territory, but Trump has also put forward one proposal that is more commonly spotted across the aisle: a massive investment in America’s infrastructure. The president-elect has vowed to spend $1 trillion to rehab America’s roads, tunnels, ports, and bridges in a national project that he says could create millions of jobs.

There is no plan yet for how the government would afford such an investment. But as Merrill Lynch economists point out, if Trump’s administration can get American companies to bring back the $2.5 trillion in profits they have stashed overseas, as he has proposed to do by lowering their tax bill, this could help pay for an infrastructure investment and to offset lower taxes.

President Obama also sought to introduce an infrastructure spending program to boost the economy, but was blocked by a Republican Congress. Trump, who will inherit another Republican Congress, may have a better shot now that Congressional gridlock has been cleared by a full Republican sweep of government.

Additional Reading