Now they get it?

 Now they get it?

Interesting piece in the Wall Street Journal, “How Wall Street and Business Got Trump Wrong:

They thought his second term would be like the first, giving priority to economic growth and the stock market. He had other ideas by Greg Ip. In it, Mr. Ip notes that the Overlords of Stock Exchanges and Hedge Funds assumed that Trump would be a cheerful advocate for Free Enterprise everywhere. They thought he’d take their side against loonie lefties who wanted them to, you know, actually pay taxes and not dump toxic waste in people’s drinking water and other pinko-commie stuff like that.

In fact, he’s done nothing of the sort. Instead, he has pursued policies that are not in the best interest of ordinary people…and aren’t much better for the Rich and Powerful. Tariffs, for example, which are pushing up costs even for the most potent monopoly, and trade wars with Canada, Mexico, China, Europe and on and on…which make international business vastly more difficult. 

One wonders, though, why the Oligarchs believed that anything else would happen. Trump more or less said openly what he was going to do if he got back into the White House. Perhaps they thought he was “just kidding.” Except that if Trump is a joke, he has a dreadfully unfunny punchline.

So, let’s have a cheer for the Rich & Powerful…the Oligarchs…the people Who Know Best…

Even if their “best” looks pretty damn dumb to the rest of us.