Saw this interesting article in the Economist, “Beneath investors’ feet, the ground is shifting.” In it, the authors and editors say that investors are now on edge because the current economic downturn…call it a “Recession” to give it the right name…feels different from those in the past. Before, whenever there were problems on Wall Street or in bonds, they could flee to safe currencies (like the dollar) or stocks that usually weather downturns in the market with relative stability.
Now, that’s not true. The American dollar doesn’t seem safe, and the port-in-a-storm stocks seem threatened by unexpectedly destructive tides. And all this, of course, is the doing of Trump’s economic policy.
Which is interesting. The business community backed Trump this time around because CEOs thought the second Trump White House would be like the first, or, even like Ronald Reagan’s. They thought there would be stability in general, cost cutting in the government, and fewer taxes on The People Who Really Matter, i.e., the Rich and Powerful. Or to be even more specific, on themselves.
Only, it didn’t work out that way. Trump’s economic policy is one of pure chaos. The oh-so-sensible Men and Women in Business are confronted with a world that is not predictable and is not stable. Their charts and plans and three month forecasts are increasingly useless.
One wonders, is this really what they wanted? Is this what they donated so much money to achieve? Is this why they bought newspapers, TV stations, and social media sites and filled the airwaves with fake news and genuine propaganda?
My guess is…not. My guess is that they begin, slowly, to wonder at the value of their investment in Trump USA.
But, of course, it is too late now. They cannot undo what they have done. They have already given him, and those like him, absolute power.
A power which cannot be restrained by the law which they taught him to circumvent, by the courts which they permitted him to ignore, or by the votes they have suppressed.
A power which, now, like demons or earthquakes…
Will someday rise from below to consume them.
Copyright©2025 Michael Jay Tucker
Posts
No comments:
Post a Comment