My answer to How did Obama convince Trump to not go after Obamacare?
Answer by Desmond Last:
Obama over-awed Trump him and has manipulated him into accepting part of Obama’s policies. Obama’s legacy to America is a decimated Industrial landscape, 7 on-going conflicts involving America. N.Korea setting off nuclear weapons and the sight of a President playing Golf whilst the children in Aleppo.
Obama needs a few home truths. Trump should not fail to make them. Is Trump going to become Obama’s right-hand man? Obama failed America and he failed the world. Obama is able to talk the walk but has not made the strides for world peace that he promised. His much acclaimed Climate Change agreement is worthless – it is not mandatory. Obama is now using Trump to ensure he has a legacy he can lecture us all about as he writes his multi-million $ memoirs.
Donald Trump told the people what they wanted to hear in order to get elected. That is fast becoming obvious. If Trump is faithful to those who elected he should at least wait until he has a set of workable policies and systems that he is able to implement before he makes detailed policy statements. What he appears to be doing is that which he did during his campaign and that is make policy on the spur of the moment. That is fine when it is your business you are operating but now he is in control of policy that affects billions of lives in America and around the World.
Donald Trump has a set of potentially good economic initiatives. But they are not a reform of the tax system nor are they anything other than a change of direction of capital liquidity flows. Trump may know how to build a tower but managing the supply demand and direction of capital growth multiplication across a range of industries needs a highly detailed and sustainable plan.
That will not come from the same worn out economic ideas that are currently sitting in Washington. Keynes is not applicable to any modern economy. Keynes was written before economics crossed the world. Pouring billions into American infrastructure will only increase the trade deficit as the wages it provides buys imported goods. Trump needs a timeline for his investment which allows the value released by the infrastructure investment to grow side by side with a revitalized manufacturing industry. Keynesian economics which Trump is seeking to apply never had to have a timeline as the domestic economy never had to compete with Chinese washing machines.
Harvard and Yale still teach the same failed econmic theory and the application of inadequate systems that allowed America to become a ‘rust belt’. Where is Trumps’s new theory? Individual initiatives will not work unless they are part of a new Economic System that provides direction to the capital ie the supply. Trumps initiatives are demand lead and will not provide long-term change that is needed to sustain the jobs growth he promised.
Yes rebuild and replace bridges but only when your economic and technology systems are able to export that bridge technology or else it becomes a one-time capital multiplier. In other words you don’t just build a bridge you build the best bridge in the whole world. You build the bridge that the world will want when it sees its benefits in design, cost, aesthetics and climate change affect. Trump may think climate change is a Chinese hoax. But the demand from the rest of the world for climate change turn key solution's will make a mockery of him if he ignores the econmic benefits for American industry.
That is supply economics (New Economics) which the economic robots at Yale and Harvard have not yet grasped the concept of. It was after all Yale and Harvard economic teachings that led to the Global Depression we are all still immersed in.
I supported Trump because I thought at last we have a man who will stand up to the Establishment and listen to new ideas. A man who will stand for law and order and not bow to the Washington machine. So far we have a polite version of Hillary Clinton and Obama.
Trump needs ‘New’ not ‘Old’. He will not get it from Obama or Obama’s Capitol Hill people.