Trump's Chumps. His economic plan doesn't help them- it fucks them.

[cali]

Even conservatives admit it:

ECONOMISTS love to debunk the analogy that is often drawn between the government’s budget and that of a household. (Much of the government’s debt is held by its own taxpayers; households borrow exclusively from outside sources.) But there is another, equally flawed analogy, to which Donald Trump subscribes: that writing economic policy is comparable to making business decisions. Mr Trump’s thirteen-strong team of economic advisers, announced on Friday, is packed full of rich businessmen (and only men). Just three have relevant backgrounds in economics.

Does high-quality economic advice matter? Mr Trump’s ludicrous tax plan—which is likely to be revised tomorrow—suggests it does. The plan achieved the unlikely feat of being both hugely expensive and yet startlingly inefficient. Instead of combining tax-cuts with measures to broaden the tax base—a combination tax-reformers have long called for—it shrinks the tax base slightly. And Mr Trump omitted the growth-boosting reforms to the corporation tax that conservative economists favour. The Tax Foundation, a think-tank, found that Mr Trump’s cuts, which cost $12 trillion over a decade before accounting for economic growth, would give only slightly more juice to the economy than Paul Ryan’s plan, which comes at one-fifth of the up-front cost.

Who knows whether the likes of Harold Hamm, an oil magnate on Mr Trump’s team, or Dan DiMicco, a steelmaker, could have written a better plan. But almost any economist could have done. Unfortunately Mr Trump’s whole campaign is based on the notion that financial success begets policymaking success, regardless of expertise. (Ironically, though, one member of his team is a one-hit-wonder: John Paulson, a hedge-fund manager, made a killing better against subprime mortgages in the crisis but has performed disappointingly since.)


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http://www.economist.com/blogs/democracyinamerica/2016/08/trumpanomics

http://thefederalist.com/2016/03/01/endorser-agrees-trump-policies-will-benefit-rich-at-expense-of-poor-and-middle-class/

http://www.cnbc.com/2016/08/07/

[6chars]

1. reminds me of presidents of the 1920s

[HughBeaumont]

2. There isn't even subtlety any longer.

For the wealthy, BY the wealthy.

Stephen Moore, author of such amazing prognostications as "Bullish On Bush: How George Bush's Ownership Society Will Make America Stronger" (followed up, of course, with "Crash Landing: How Bush, Bernanke, Pelosi and Obama Have Wrecked the U. S. Economy (And How To Salvage America's Future)&quot is the tax guy on his team. This is a guy who constantly peddles the lie that U.S. Revenue increased as taxes got lowered for the wealthy. And he's going to be in charge of tax policy. IS THIS SERIOUS???

[cali]

3. I've long had a particular aversion to Moore.

His views are repulsive, and personally there's something really creepy about him.