Diary

Trump's latest: Recession, Trade War and Eliminating the Debt in 8 Years

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The Washington Post Published an interview with Donald Trump last night. READ IT!!!!  If you had any doubts that Trump was completely unfit to hold the office of president, this will destroy them and likely motivate you to get out and volunteer for Cruz if you haven’t.

In the interview he lays out policies he want’s to implement and his philosophy. I’d like to start with the scariest points but it’s really hard to decide where to start, lets go with how he views himself.

When it was suggested that he seems comfortable being the Lone Ranger — the famous old-time TV and radio masked vigilante who fought for good outside the law — Trump immediately concurred.

“I am,” he said. “Because I understand life. And I understand how life works. I’m the Lone Ranger.”

What can you say about the man who is the Lone Ranger ? Not only is he going to “Make America Great Again” it’s going to be a one man show.

Next up he sallied forth on the state of the economy.

Donald Trump said in an interview that economic conditions are so perilous that the country is headed for a “very massive recession” and that “it’s a terrible time right now” to invest in the stock market, embracing a distinctly gloomy view of the economy that counters mainstream economic forecasts.

The New York billionaire dismissed concern that his comments — which are exceedingly unusual, if not unprecedented, for a major party front-runner — could potentially affect financial markets.

“I know the Wall Street people probably better than anybody knows them,” said Trump, who has misfired on such predictions in the past. “I don’t need them.”

Lets look at those predictions

Any number of Trump’s predictions haven’t worked out. In 2012, for instance, he predicted that if Obama were reelected, oil and gas prices would go “through the roof like never before.”

In 2011, Trump said that when Obama’s health-care law took effect, national unemployment would “go even higher” than 9 percent. He was also bullish on real estate investments in the run-up to the housing bust

Talking up and down the stock market isn’t that big a deal, you can turn on any financial news outlet and hear that 24 hours a day. Being unable to acknowledge he is frequently wrong, shifting the damage for his mistakes onto other people (Note who has taken the hits in his bankruptcies all the while thinking he is the one man savior of the nation, isn’t exactly painting a great picture.

Now that we have a little of how Mr. Trump sees himself and how he reacts to failure lets see the policy gambles he plans to make.

He insisted that he would be able to get rid of the nation’s more than $19 trillion national debt “over a period of eight years.”

in his first 100 days, Trump said, he would cut taxes, “renegotiate trade deals and renegotiate military deals,” including altering the U.S. role in the North Atlantic Treaty Organization.

“I’m renegotiating all of our deals, the big trade deals that we’re doing so badly on. With China, $505 billion this year in trade.” He said that economic growth he foresees as a consequence of renegotiated deals would enable the United States to pay down the debt — although many economists have said the exact opposite, that a trade war would be crippling to the U.S. economy

It’s a good thing he set out to make his money from gambling by being the house, because these are some downright ridiculous bets and may not have a great grasp of mathematics.

The Federal Budget is $3.7 Trillion

US Deficit $500 billion

Pay down the debt in 8 years $3.0 Trillion /yr (pay down principal, and cover our ongoing deficit).

So Mr Trump wants to divert 80+% of government spending into paying down debt, while provoking a trade war, renegotiating all our longstanding security arrangements, and enduring a recession.

At this point, if he is elected, whoever runs in 2020 will need to run on “Putting America Back Together Again”

 

P.S. Shooting someone on 5th avenue in NYC is  more acceptable than these policy positions.