“Candidate Donald Trump promised every day Americans his Administration would fight for them. Two months into his Presidency it is clear he has no intention of following through on his promise. These early months of the Trump Presidency could become known as “The Great Betrayal.”
Fair? Let’s take three simple examples:
Health Care – Candidate Trump promised health reform that would cover everybody, lower costs and not cut programs like Medicare and Medicaid. The House GOP health care bill he has endorsed and promoted would dramatically increase the number of uninsured (25m, 7% of US population); would increase costs for everybody, particularly for older people; and would savagely cut Medicaid. His plan would make tens of millions of those people he pledged to fight for sicker and poorer, while giving hundreds of billions of new tax cuts to wealthy people like those he hangs out each weekend at Mar-a-Lago.
Few proposals in American history could do as much harm to working people as the health care plan championed by Donald Trump these past few weeks. It is literally the opposite of what he promised he would do.
His Budget – The partial budget document Trump released last week would make massive cuts in education and job training, transportation and infrastructure, simple environmental protections and many other programs critical for working people to live good and decent lives. Whether working people would get a tax break for all of this is unclear as he hasn’t released a complete budget. But if his budget follows the strategy of his health care plan expect the benefits to flow to those already wealthy with little left for those struggling to get by.
His Staff – Despite his campaign rhetoric, the Trump Administration led by the wealthiest collection of Americans to every lead an American Administration in the modern era of American politics, and perhaps ever. It is full of Wall Streeters, including 5 former executives of Goldman Sachs. Working class champions are as hard to find in the early Trump Administration as those immigration documents of Melania’s he promised back in August.
Based on what he has done in his first months in the White House, it is now clear that Donald Trump lied to the American people about his intentions as President. Rather than championing the working man, Donald Trump has backed proposals that would transfer hundreds of billions of dollars from every day Americans to those already wealthy and well off. It is an astonishing and historic betrayal of the people he promised to serve, leaving tens of millions sicker and poorer and even more with reduced life opportunities. Donald Trump hasn’t shown respect to those he pledged to fight for, he has shown them hostility and contempt. He is far more venal Robber Baron than virtuous populist, far more Calvin Coolidge than Andrew Jackson, far more an oligarch than a man of the people.
I am positing for others to debate that no President in American history as veered as far from the core promises and message of his campaign as Trump has in his first few months. It is Trumpian in its scale, something that I hope becomes known as “The Great Betrayal.”
In his new US News column,“5 Ways Trump Could Stop Obama's Expansion,” Simon warns that Trump’s economic policies are more likely than not to derail the long Obama expansion.
According to Simon, there are 5 steps Trump is taking that are likely to weaken growth and hasten a recession:
• Labor market disruptions
• Loss of tourism
• Making America sicker and poorer
• The weakening of the global trade system
• A reckless budget
An excerpt from "5 Ways Trump Could Stop Obama's Expansion" –
"If the president's plans provide huge tax benefits to those already well off – as Bush's did – and create massive deficits, the net result will harm the U.S. economy and the nation's fiscal integrity. The hugely regressive nature of the Trump-Ryan health care bill is a sign of where the GOP is going, and it should worry everyone concerned about a strong, healthy American economy.
So, growth or recession? If the president just kept current economic policies in place, the U.S. would probably be headed for a few more years of growth, possibly even strong growth. But the president isn't keeping those policies in place, and I worry that what he is trying to do will in aggregate threaten our economy more than help it grow.
Our president has made a good living catering to wealthy Americans and foreigners. While that strategy may have worked as a private business, the American people and their economy can prosper only if the tide is lifting all boats, not just those docked at Mar-a-Lago. And that just isn't where America is headed now. So count me as worried about our economic prospects, and the ability of Trump to sustain a long and durable expansion left for him by his predecessor."
To continue reading, please refer to the US News link. You can Simon's previous US News columns here.
For more of NDN's work on the Democrats and Republicans' stewardship of the US economy, please review our memo, "In A New Global Age, Democrats Have Been Far Better for the US Economy, Deficits, and Incomes."