It’s impossible to cover the kind of topics that are put onto this blog site without them being synonymous to the challenges of the Trump administration. The election and presidency of Donald Trump is a change agency element that is forever changing political life in America, and of course it will ruffle the feathers of many groups that want to remain in the boxes of thought they have put themselves in. And this has never been more evident then in the understanding of why the Trump economy is so good and who gets the credit for it. I was thinking of all this while listening to Joe Biden talk about the economy the other day and how Trump has benefited from the Obama economy and that the credit goes to that previous administration, which is of course insanely stupid. It reminded me of my first-year economics professor in college saying nearly the same thing about economic cycles and how they ebb and flow. I thought that guy was an idiot back then, and now thirty years later hearing Joe Biden talk, I am 100% sure of it. If we hadn’t elected Donald Trump, the economy would have remained flat as it was all through the eight years of Obama and essentially the eight years of George W. Bush climaxing into a recession in 2008.
The truth is most people have learned about economics from all the wrong places by all the wrong kind of people. The true rules for growth are in creating value and then protecting that value, which is why Trump is engaging in a trade war with China. The American economy will benefit from that activity, not be hurt by it. The myth that economics work by cooperation and bridge building is ridiculous Economic value is exclusively a product of building something of value and sticking by that value with protections. And the Obama administration wasn’t doing any of that. It was instead apologizing for what America had done and giving artificial value to tag along economics that were seeking to loot off American products the way that China has. So a study of these kinds of causes and effects are essentially what this blog is all about, and at the center of that story is the Trump administration because it is in the practice of changing definitions from previous assumptions. And the world will be forever changed by those definitions.
I often talk about what losers most politicians are, because they are essentially looters, living off the efforts of others, and that is clearly what Joe Biden is. He is the very definition of a looter. He lives completely off the efforts of other people. But I can say in 2018 that I know quite a lot of politicians who are actually really good people. I can’t say that those people were around in 2008. I have watched personally a new breed of politician come up out of the Tea Party movement and it is that foundation that essentially put Trump in the White House. It wasn’t just a miracle that Trump was elected into the presidency on his first try, but there was plenty of grass roots helping out in the cracks that nobody knew anything about that knocked away a lot of the opposition against Trump, especially in battle ground states like Ohio. They understand how the world works far better than Joe Biden and ultimately there are many new millionaires who have benefited from this new perspective and they aren’t going to go backwards.
Still, it is insulting to hear it, when some old politician trying to apply the rules of yesteryear with an outright lie about the nature of economic growth goes on a claim jumping word spree that we all know is based on the looter culture. Joe Biden and Barack Obama aside from what anyone thinks about politics were some of the last new assets of that old class of in the box economic thinking where bridge building was thought to have more value than actual product value. Now that theory has been busted and the Trump administration is the first clear evidence of such a change in thought essentially since the inception of America as a nation. There have been periods of great economic growth but economists, especially the socialist college professor types really didn’t understand beyond sentiment how the game really worked.
I was also fortunate I suppose to have had lots of experience in the world before I entered college at the University of Cincinnati at the age of 19. I knew right away in that first-year economics class that what the professor there was teaching was largely bullshit. Of course, there is value in learning what other people have learned so you can know how to play the game against them. But regarding the actual facts of economic truth, the college professor circuit in the 80s and 90s were clueless, and they taught many of their students to think incorrectly about how economics worked, so really who could blame Joe Biden for being such an idiot. He assumes that everyone is just as delusional as he is, he has no reason to think otherwise, except when the successes of the Trump administration are analyzed in comparison.
If you have a superior product that the world wants, the leverage that brings to a marketplace is all powerful and becomes the governing force in any negotiation. And those economic cycles can continue to expand so long as imagination continues to erupt in whatever culture is producing the economic values with new product implementation. The fall back into recession occurs when that culture stops producing products of value. The cycle effect is manageable, not inevitable. In that context and definition, the moment that President Trump took office, even with all the efforts of removing him from office by the old political machines, his America first policy put new value on American products that then started an expansion that never could have occurred under the Obama administration. And that increased economic value literally started the day after the election because investors could see a friendly administration toward the American economy, so they were free to think of and market products they had been sitting on for many years, and that is why the economy suddenly flourished. It wasn’t an accident, it wasn’t happenstance. It was all very logical and by the rules of economic value that very few really understand because they listened to all the wrong people.
And deep down inside I think most democrats know it, that the Trump economy is not a fluke, that it is built on real value instead of the traditional looter culture of taking credit for things they had nothing to do with. This Trump economy is a new definition that many are just learning, not that there is anything new about it—just that many are coming to it for the first time. Adam Smith had all this figured out long ago in his great book The Wealth of Nations which I refer to often even still. I’m quite sure that college professor I had never read that book even though it should have been the guiding textbook for the college course. And that is the world that Joe Biden comes from, and it is that world that is coming apart as we speak, and the longer Trump is president, the less likely that the old way will ever come back in America. And that is what we are all fighting for.
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