Time For Trump To Embrace Some Clint Eastwood Economics: Make My Day, Jerome Powell! (Part 1)

Told you so. The Donald is already confirming that he doesn’t really know why he won the election and is therefore heading for a second term that will likely be as unproductive, chaotic and damaging to the true conservative cause as was his first time around the barn. That is to say, these initial appointments are just plain terrible, and the only saving grace is the Donald’s clear confirmation that Nikki Haley and Mike Pompeo won’t be in his administration:

“I will not be inviting former Ambassador Nikki Haley, or former Secretary of State Mike Pompeo, to join the Trump Administration, which is currently in formation,” Trump wrote.

Well, we should hope so. These two and a whole list of other GOP neocons are Empire Firsters with no affinity at all for the Donald’s “America First” vision, as vague and wobbly as it might be. But Elise Stefanik, today’s announcement for the UN post, is just more of the same.

The Congresswoman is a junior varsity neocon who is such an unhinged, rabid supporter of Netanyahu’s military madness in the Mideast that she couldn’t possibly be trusted to support the cause of peace and bringing the Empire Home. After all, one of the core missions of the Empire is to dominate the region militarily when there is no basis in America’s homeland security way over here, on this side of the Atlantic moat, for any military presence, way over there, in the eastern end of the Mediterranean Sea and Persian Gulf.

Next, we have Tom Homan as Immigration Czar and, apparently, the detestable Stephen Miller as Deputy Chief of Staff. That xenophobic duo of border “invasion” howlers will get Trump buried in a pointless attempt at massive deportation, while running circles around the policy cipher in the top White House staff job, the aforementioned Susie Wiles.

Here’s the point. The Donald won the national vote by a very thin 2.3 percentage points, preponderantly on economics and inflation. But that source of electoral strength could vanish as fast as it appeared underneath the faulty radar of the corrupt national pollsters. After all, Trump’s win wasn’t a landslide by historic standards in any way, shape or form—notwithstanding the current breast-beating in Trump World. For the definition of a proper “landslide” you only need recall that Cal Coolidge won by 25.2%, LBJ by 22.6% and Ronald Reagan in 1984 by 18.2%.

When all is said and done, by contrast, the Donald squeaked in because he peeled off a small margin of habitual Dem coalition voters-–Hispanics, blacks, young people and blue-collar workers—who had been monkey-hammered by the “Biden inflation”. That is, the severe ruction to lower-middle class household budgets that had actually been caused by the Donald’s 2020 bacchanalia of Lockdowns, stimmies, free stuff and money printing that was literally off the charts of world history and rational computation.

Still, it’s worth documenting once again the monetary madness of 2020. During the final 17 months of the Donald’s term the Fed’s balance sheet exploded, rising from $3.76 trillion on September 4, 2019, to $7.41 trillion by January 20, 2021. That massive gain of nearly $3.7 trillion was equal to all the money-printed by the Fed during the first 99 years of its existence!

And, yes, the Donald was onboard for this monetary monstrosity all the way. In fact, he spent most of the first three years of his term lambasting the Fed for its belated and tepid efforts to allow interest rates to find some semblance of market-based levels and to finally shrink, as Bernanke had solemnly promised during the post-financial crisis, the Fed’s elephantine balance sheet.