Comments on: Donald Trump: Crony Capitalist Par Excellence http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/ Economics, Policy, Finance and General Culture Fri, 22 Mar 2019 01:56:16 +0000 hourly 1 https://wordpress.org/?v=4.7.13 By: Roger http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/#comment-10549 Mon, 21 Mar 2016 06:54:48 +0000 http://www.economicmanblog.com/sandbox/?p=915#comment-10549 Thanks. All words of encouragement are warmly welcomed.

Roger

]]>
By: Mavis http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/#comment-10547 Sun, 20 Mar 2016 21:03:20 +0000 http://www.economicmanblog.com/sandbox/?p=915#comment-10547 Thanks for ones marvelous posting! I actually enjoyed reading it, you may be a great author.I will remember
to bookmark your blog annd will eventually
come back down the road. I want to encourage continue
your great job, have a nice morning!

]]>
By: MP http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/#comment-10102 Sun, 10 Jan 2016 17:58:25 +0000 http://www.economicmanblog.com/sandbox/?p=915#comment-10102 Trump is all of those things you describe and more, but wouldn’t it be great to have someone who has our nation’s interests as the #1 priority and cares about winning on our side for a change? Global politics IS a dirty business with conniving countries and people trying to bring the USA down a few notches, or worse, trying to kill us so why not have someone a little meaner and craftier in our corner to punch them in the nose? It’s not like the last few guys sitting in the Oval Office were paragons of virtue or success. Let’s review…….a lecherous, pathological liar, a warmongering moron and most lately an arrogant, lazy socialist best described by SNL as a basketball playing smoker who stumbled out of a soup kitchen and walked into the White House!!! Why not give him a chance like we did those others?

]]>
By: Mark B Spiegel http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/#comment-10101 Sun, 10 Jan 2016 15:51:17 +0000 http://www.economicmanblog.com/sandbox/?p=915#comment-10101 “One of his strongest appeals is that he is viewed as independent and not subject to the money politics and crony capitalism of Washington…”

But this is actually TRUE. Remember, when he was getting his projects done he was PAYING the money, not taking it. He has said several times that he was SHOCKED (or words to that effect) how much influence he was able to buy for a $5000 donation to a Congressional campaign, and if this guy gets to Washington he is NOT going to (need to) be on the receiving end of those $5000 donations! (This is a great example of why I think the “Joe Kennedy metaphor” is so applicable here.)

]]>
By: Roger http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/#comment-10100 Sun, 10 Jan 2016 14:32:08 +0000 http://www.economicmanblog.com/sandbox/?p=915#comment-10100 Hi Mark:

Great comments. Thanks. I agree that any developer would fail that test. But I think that I was commenting on something slightly different, which is the expectations of Trump’s supporters. One of his strongest appeals is that he is viewed as independent and not subject to the money politics and crony capitalism of Washington. My point is that he has been deeply immersed in this world his entire life and, in fact, thinks of it as a normal part of business. So, regardless of whether he is self-funding his campaign or not, if the expectation of his supporters is that he is going to clean up crony capitalism, then I think that they will be disappointed.

As your Kennedy example points out, sometimes poachers make good game keepers, but this requires a bit of objectivity and introspection, and I don’t see much evidence of that with Trump. I think that the real Donald Trump is the guy who, as in my write up of the Republican debates, thinks that ethanol subsidies are a great idea, even though they are one of the dumbest subsidies of all time. Trump doesn’t believe in small government and free markets. He thinks that the government is there to help business, rather than play the neutral referee. He is, in short, a crony capitalist.

Roger

]]>
By: Mark B Spiegel http://www.economicmanblog.com/sandbox/2016/01/10/donald-trump-crony-capitalist-par-excellence/#comment-10099 Sun, 10 Jan 2016 14:15:13 +0000 http://www.economicmanblog.com/sandbox/?p=915#comment-10099 I have a completely different interpretation of that Trump story, which is that he’s a very determined guy who pushes on every possible negotiating “pressure point” to accomplish what he’s trying to get done. If you’re going to condemn a real estate developer for having utilized government cooperation to build large projects then you’re basically saying that no real estate developer should ever be allowed to serve as President, because they ALL take advantage of it to one degree or another. (As an aside, Joe Kennedy did a pretty good job of cleaning up Wall Street.)

Yesterday I saw a story stating that Trump planned to slap a 45% duty on imports from China, and initially it scared me. Then I recalled how many times he’s spoken about “negotiating tactics” and combined that with the knowledge that China slaps big duties on many of our exports while simultaneously requiring most U.S. companies who want to manufacture there to have a Chinese company as a 50/50 partner. In that context, Trump knows that the Chinese are more dependent on exporting to us than we are to them and that this kind of negotiating tactic is the best way to make those barriers go away. He’s not stupid (although he sometimes deliberately sounds that way) and I think really WILL wind up cutting very good deals for the U.S. that– on a net basis– will work to our benefit.

P.S. This sentence of yours is absolutely hilarious and 100% true: “Trump claimed that the windfarm was an “eyesore,” a term that could be applied to almost anything Trump has built…”

]]>