Donald Trump, the Congress, and the entire Republican Party has cashed it’s winnings from the 2010,’12, ’14, and 2016 elections and bet them all on Red — that their supply side doctrine will change America’s economy and turn it loose for transformative growth.
The odds are quite good that it will work. Economic doctrines, if well thought out, generally do what they are supposed to.
The meteoric rise of the American Century, after the massive stimulus of the 40s and the post war years worked as planned.
When it began to fade, the JFK-LBJ tax cuts kept it going. The 70s were a disaster, but, after Washington stopped confusing inflation with growth, the economy got back on track.
Usually, it’s only when policy makers step on the gas and the breaks simultaneously that everything starts to sputter, as when Obama combined massive new stimulus with new regulatory impediments to growth.
But that’s not what Trump has in mind. He is cutting through Washington anti-growth rules like a Wisconsin lumberjack. The breadth of his tax cut and how it all points in the same direction — growth — is astonishing. Few compromises, no contradictions, just good pro-growth policies. God bless Donald Trump.
His policies are so clear and compelling, he leaves the left no place to stand. They cannot go into an election protesting against an opposition program that is manifestly working. They tried that in 1984 and it backfired massively.
Having charted the clearest ideological course on his core tax program, Trump can afford to shine a little kindness and light on the immigration DACA children (in return for a wall). Let’s use a booming economy that lifts all boats to create more Latino Republicans (or even blacks?) by softening some of Trump’s edges.
He can do it because now, suddenly, the ideological heavy lifting has been done.
God bless Donald Trump!
From his crazy quilt of feuds, grudges, rhetoric, and iconoclastic tactics, an incomprehensible tactical doctrine emerged, apparently comprehensible only to swamp creatures. But it sure as hell worked.
God bless Donald Trump.
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