One way of viewing Trump’s actions might be in terms of “crisis theory”, or the idea in the 70’s to destroy the welfare system by overpopulating its sign-ups, thus forcing the creation of something new.
He pouring gasoline on the economy to ignite and bring about its ruin. If you’re poor right now, you can probably live in some very creative ways. The wealthy are not very good at dealing with large declines in income, as evidenced by the German billionaire who killed him self in 2009 after his net worth dropped from $8 billion to $5 billion: https://www.reuters.com/article/us-merckle-newsmaker-sb-idUS...
The opposite goal of this is the elites of the world who want to run a steady, slow-mo bubble ala Japan of the last 25 years. It definitely would be stable and work, but it would preserve the status quo and not really offer anything new to the working class.
Obviously there are the surface indicators of truth (a statistic here, a fact there, a nice quote from somebody), but big picture, the issue is not “is this Trump guy a good tinkerer economist/engineer of the US stock market”, but how the bipartisan monopoly of power in Washington has stabbed the working class in the back at every turn.
The big clue that the author would never understand this was his conflating of Koch and Trump. That would be like saying Shite and Sunni Muslims are the same. It’s an incredible cultural oversight.
A good example of btw of this “stab you in the back” elite is Madeline Albright, Bill Clinton’s Secretary of State. For all her work promoting freedom and women’s rights, the network marketing scam company Herbalife paid her $6 million to promote increased legalization of its products. It’s a scam company that preys on the poor.
http://mlmtheamericandreammadenightmare.blogspot.com/2018/04...
The ALEC club may not like Trump's views on immigration or tariffs, but they're in perfect sync when it comes to more or less every other economic issue. And the administration's energy policy is another massive win for them as well.
> A separate Labor Department report on Tuesday illustrated how higher prices are pinching wallets: average hourly wages, adjusted for inflation, were unchanged in May from a year earlier, even as nominal pay accelerated to a 2.7 percent annual gain from 2.6 percent in April. For production and nonsupervisory workers, real average hourly earnings fell 0.1 percent from a year earlier.
The article I linked is an impartial example but it is not better.
The simple truth is the underlying numbers haven't really improved since the GOP took the reigns. We are in a sideways holding pattern of 0% real wage growth and 2% of the working-age population has stopped looking for work since 2000[1].
The effects of the outgoing administration's economic policy last ~1 year after they leave office since the government doesn't really turn on a dime. The trends, honestly, are the same as they were under Obama and the GOP has done nothing but claim "Well we did it! Everything is fine now" despite the fact nothing of any real substance has changed since they took control of all 3 branches of government.