Trump's economic speech yesterday was full of projection, claiming Hillary Clinton's economic plans are mired in the past and not suitable for present-day America. (Elizabeth Warren blasted all his 'Supply-side baloney' on Twitter yesterday.)
CNBC's Steve Liesman appeared on MTP Daily to talk about the speech. Guest-host Andrea Mitchell MTP Daily, asked if Trump's message was practical for a dynamic global economy.
He said that Trump made some good points about the disaffected American worker who's been harmed by unfair trade deals, and admitted the failure of 'both' parties to address this problem sufficiently. But that's the end of any validity to Drumpf's economic revelation. The Republican Candidate, instead, looked back to the past for future solutions. His speech, Liesman said, was anachronistic, citing steel jobs and auto manufacturing as the solutions for infusing the economy with new employment plans. Then Steve really drove the point home that Drumpf has no grasp of present-day issues.
LIESMAN: It made me wonder whether or not he also wanted Leave It To Beaver back in prime time. I think it's an economy of the past, I think that that's not where we're going.
I did a word search and I also read the speech, and did not see the word technology, in there the word internet and certainly not the words value-added which is something that economists talk a lot about; which means moving up the chain of producing better and higher goods, which is what America's done.
Trump speaks in tired clichés with a bizarre amnesia of past events that aren't nearly as wonderful as he pretends. Liesman says, "it would be great to have a sober conversation on trade, rather than one that kind of tugs at the heart strings."
Liesman's final point is about reversing automation. He asked,
are we going to get rid of the robots and hire people? I've never seen that happen in the history of mankind.
Technology never moves backwards. But the orange buffoon is romanticizing the economy of the past that cannot be re-created.
Donald Trump exists in the make-believe world of a great America of the days of yore. Women knew their place; racial, gender and sexual equality were not a factor and no stinking woman or African-American dared seek the highest office in the land. Donald Trump is not talking about the real world economy, but about a white Republican nostalgia for that which never existed.
Combine that with the supply side "tax cuts for billionaires" that eliminated the Clinton surplus and on which Drumpf and his donor class want to double down. Each and every day, he proves how unqualified he is to be President.