Friday, November 11, 2016
Angry and Vulnerable Elect Angrier Strongman
The rust
belt joined up with the rural traditionalists in the Bible belt and voted
against changes they did not want and could not understand. They bought into
promises, most of which cannot be kept, and created an economic plunge that
will make those who voted for Brexit seem to have simply made a small “wrong” assumption.
Sure the markets will rise and fall as investors look for short term gains, but
instability in the markets will be here for longer than any of us care to
believe. But most of all, these voters may well have created the beginning of
the end for the United States as we know it.
They did
not believe that a Wall Street favorite, one proven untrustworthy with her
major email security lapses and well paid and support by the financial
community, understood their cries. They blamed minorities for crimes, terrorism
and job loss and foreigners for robbing them of their economic well-being,
their very future. And so many Millennials, unsophisticated and wrapped up in a
social media-driven world, stayed away from the polls in droves or threw their
votes away on marginal candidates. Those minorities who overcame the many
successful attempts to keep them from voting did not come out in numbers
sufficient to make a difference.
We’ve had
some strange candidates before, Andrew Jackson and Zachary Taylor come to mind,
but the United States was not a world power then with the largest economy on
earth, impacting everybody. Electing Donald Trump in modern times, supported
with control of both houses of Congress, is a global catastrophe, reflected in
the crash of global markets (many hitting the automated “stop loss” floors),
the drop in the dollar and the hasty meetings atop countries deeply concerned
about this “new” strongman-led America. Let’s look at some, but not all, of his
major platforms… and their viability:
Tax Reform: Seizing
on a tax code that requires specialist to help file an ordinary return and
loopholes that supported income inequality, Trump promised revisions with fewer
layers of tax, a steep cut in the rates (96% of which benefits would go to the
rich), and the elimination of some loopholes (like allowing fund managers to be
taxed as very lower “investor” rates – the “carried interest” rule) and a
corporate rate so low that American companies would no longer need to shelter
overseas earnings. His notion of lower taxes based on the clearly-disproven
“trickle down” economic theory that those at the top who have lower taxes
instantly hire lots more people into good jobs without any reference to a
business plan or the relevant economic conditions. In short, income inequality
gets much worse and the deficit created by tax cuts to the wealthy is a massive
addition to the deficit we already have.
Repeal and Replace Obamacare: One of the reasons universal
healthcare is part of every developed nation today (except the US) is that each
such program was built from a then-current healthcare pricing structure that
reflected a less expensive system, mostly from countries damaged from WWII who
did not raise prices at the rate we, without such damage, engaged in. The
promise a new healthcare system with lower prices, better and seemingly more
competitive, would require massive governmental support for most people (read:
grow our deficit even more)… or the prices would simply go up and up. Cost
containment, putting caps on doctors, hospitals, pharmaceutical manufacturers,
etc., is the precursor to a less expensive American system, which would require
the GOP to fight an industry that is responsible for 20% of our entire economy.
To implement a fair and reasonable system will take a lot of time, something
Obamacare anticipated but could not move to the next stage because of gridlock,
and tearing down a system to install a new one will just add years and years to
the process. There is no easy button, no free lunch.
Build a Wall and Throw Immigrants Out and Keep Muslims
Away. For this
policy, the United States will lose the level of prestige it needs to act as a
credible global leader. China will step into this void. Scholars will debate
for years how such actions are even possible under our Constitution, which
document – except for an horrific misreading of the Second Amendment that
encourages even greater gun availability – is otherwise a legal “inconvenience”
for Trump’s policies. Think about how much more expensive ordinary low-level
services will become as we deport those who perform them now… and replace them
with workers at three or four times higher wages. Who pays for that? We all do.
Abrogate Trade Agreements, Financial and Environmental
Regulations to Bring Jobs Back to America. Climate change has cost this country hundreds of
billions of dollars from damage generated by floods, storms, land-mass loss,
fires and droughts, so pulling back on environmental measures may be the most
expensive possible decision we can make. It is not a hoax. The financial
biggies never disappoint in proving time and again (recently, it was Wells
Fargo) that they incapable of the self-regulation that Donald Trump would like
to restore. For those in obsolete industries, the removal of regulations won’t
make a dent in restoring jobs that don’t fit the United States in the 21st
century. Sorry, coal miners, unless the government hires you directly, you are
not getting your old jobs back! Oh and killing those trade deals and not
expecting retaliation that will either raise consumer prices to untenable
levels or create reciprocal trade barriers to us in silly. And as for those
manufacturing jobs that we are able to retain or recover, they will go almost
exclusively to those rich folks who out the automated equipment that has
long-since replaced the underlying labor.
There is so
much more. A criminal justice system that applies an entirely different set of
policies and standards to poor racial minorities. A public educational system
that is no longer globally competitive with soaring and unaffordable tuition
for college. A crumbling infrastructure that will cost trillions to repair and
upgrade. A military that has not won a major war since WWII with out-of-control
expensive weapons now being ordered to defeat ISIS in short order, a
whack-a-mole approach that has taken well-over a century to develop with
infections everywhere.
Trump may
find some opposition from his own party, but they are now quivering in their
boots over this populist uprising. And while they know that within the next
couple of elections, cultural/racial/gender minorities will overwhelm the
electorate, they have been handed decades of control of their voice with the
ability to pick young ultra-rights wing Supreme Court justices to sustain
gerrymandering, voter suppression and laws that empower rich constituencies.
Will Donald
Trump’s inability to effect his promises come back to haunt the GOP by the 2018
mid-terms? Or will it take a few more election cycles? Will younger voters wake
up and take responsibility for their voting patterns? Will the United States be
placed on a downwards spiral from which there is no recovery? Unifying America?
Can this country remain as a single, democratic nation with a peaceful
government of the people and by the people… or will we break apart into our
polarized components?
I’m
Peter Dekom, sitting in a hotel room in southern Mexico and watching the panic
all around me, and I think that Lincoln was right in saying, “A house divided
cannot stand.”
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