The Hill (POLL): Americans brimming with optimism on the economy

The debt monster still looms which will be harder and harder to feed as interest rates rise.  The stock market is still built on magic conjured by the Federal Reserve. Europe continues to generally remain weak. Greece particularly is eroding yet again.

But saying all of this there is a tangible optimism economically speaking in the air. I certainly sensed it with the election of Trump, even in my very “liberal” home town. Yes there are/were people wailing and crying to the stars in the wake of Hillary Clinton’s loss.

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Greenwald: Empowering the “Deep State” to Undermine Trump is Prescription for Destroying Democracy

“Obviously strongly prefer normal democratic and constitutional politics. But if it comes to it, prefer the deep state to the Trump state.” – Neocon Bill Kristol of The Weekly Standard.

I like Charles Hugh Smith and this is his infographic.

Do “progressives” (and Bushite neoconservatives) hate Trump and “the deplorables” so much that they would sell their collective souls to the “deep state” to take Trump out? I hope not but I think many would happily do it.

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In Fiery, “Surreal” Press Conference, Trump Launches War On “Out Of Control” Press: Main Highlights

Whatever your opinion of Trump, and ours is that he is a mixed bag, good on some things, not so good on others, I think it can be objectively said that the #oldmedia has been on a Trump hunt since the day Trump won the election. (And before.) The people in the #oldmedia hate the man. They hate that he won even though the #oldmedia backed Hillary Clinton. They hate that he derailed the march toward the “first woman president.”

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Trump cheers stock market’s ‘longest winning streak in decades’

The stock market is a weird thing.

I was listening to Bloomberg this morning and the pundits were pontificating as to the reason for the recent run up in stocks. Everyone agreed that it had everything to do with Trump, however the core reason for the run up was in dispute. Some said that the market was still factoring some sort of Trump “stimulus” of the classic Keynesian type. Others pooh poohed this idea and said that it was “animal spirits”

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Trump undertakes most ambitious regulatory rollback since Reagan

Good. Our society is way over regulated. Too many laws. Too many rules. Too much red tape. Too many bureaucrats.*

Not only is it OVER regulated, many of the regulations which burden the economy are written by cronies of various kinds (inside and outside of government) and are designed to hamper competition. The economy needs to be able to breathe to work and to create work for workers.

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Great, so now Trump supports taxpayer backed “Boeing’s Bank” after talking with Boeing’s CEO?

Trump had said that the Export-Import Bank of the United States was a bad idea. An example of classic crony capitalism. But that position may have just changed. If so that would be disappointing, bad for taxpayers, and would further our system of crony capitalism.

The Export-Import Bank should die. If it doesn’t with a GOP president, Senate, and House then that tells taxpayers all they need to know.

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“If Trump does a lot of talking while doing nothing, his presidency could be great and an already great America will dazzle.”

 

John Tamny at Real Clear Markets gives a good assessment of Trump to date and a fair assessment of the economy during the Obama years. Obama was not a good economic president as Tamny points out, but it is also fair to say that Bush and HIS big government meddling did much to bring Obama (and Obama’s version of big government meddling) into the White House.

Trump should learn from this.

He must if he is to succeed.

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How Obama is scheming to sabotage Trump’s presidency (And is using tax free organizations to do it)

Obama was a community activist. He never had a real job prior to president (yes I am including his time in the Senate) and now has to do something with his time. He does not want to go down in history as a failed 2 term president, which in our opinion he obviously is. The only thing he can hang his hat on, at all, is Obamacare and that has blown up because it was built with hubris and cronyism.

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