The Art of the Autocrat
Last week, Trump made a deal with Carrier (and its parent, United Technologies) to keep 800 jobs in Indiana rather than sending them to Mexico. Indiana agreed to give Carrier $7 million in tax breaks, and Trump assured United Technologies that its $6 billion a year in military contracts would be secure.
Then Tuesday morning Trump attacked aerospace giant Boeing - tweeting: "Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!" Later he added "We want Boeing to make a lot of money but not that much money."
Boeing shares immediately took a hit (but recovered by early afternoon as the company began to explain itself).
After which Trump turned Mr. nice guy. "Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs," he tweeted shortly after Masayoshi Son, CEO of the company, arrived at Trump Tower in New York. "Masa said he would never do this had we (Trump) not won the election!," Trump added.
I wonder what Trump promised Masa.
The art of the Trump deal is to use sticks (public criticism) and carrots (public commendation plus government sweeteners) to get big corporations to do what Trump wants them to do.
This isn't public policy making. It's not about changing market incentives. It has nothing to do with lawmaking. It's a drop in the bucket in terms of jobs.
In reality, it's the arbitrary and capricious use of personal power - hitting stock prices and turning public opinion against companies Trump doesn't like, and raising stock prices and public opinion toward companies Trump does like.
Don't be fooled into thinking Trump is being guided by anything other than his own random, autocratic whims. He could have attacked or lauded any one of thousands of big companies that are creating American jobs, or creating jobs abroad, or charging the government too much for their products.
This is the work of a despot who wants corporate America (and everyone else) to kiss his derriere.
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This country and this world are at a monumental crossroads. In a few short weeks, US voters will have an opportunity to beat back the forces of fascism and confront the billionaires who are rigging the economy, our media system, and our democracy, making it increasingly impossible for ordinary people to get by. We’re not just talking about the election. We’re talking about what must be done once these fascist elements are vanquished from power. We need a bolder set of solutions than what either major party has so far been willing to offer and a working-class movement ready to fight like hell for it. Trump didn't emerge from nowhere. The conditions that fueled MAGA authoritarianism were created by decades of radical neoliberal economic policies and a corrupt political system dominated by corporate interests. They slashed taxes on the super-rich, promising that the benefits would trickle down. They said giveaways to the corporate titans would make life more affordable for the rest of us. It was all bullshit. And when a bitter, betrayed populace searches for someone to blame, right-wing demagogues have little trouble finding scapegoats. People know when they're being lied to, but you won't hear any of this from the corporate media. Only independent journalism—powered and funded by people who believe in building a better world—can deliver truly trustworthy daily news. Our Fall Campaign is underway, and we need your help. To power our newsroom through the rest of the year, we need to raise $125,000 by midnight on October 31. So if you share our vision, please contribute whatever you can to sustain our work. |
Last week, Trump made a deal with Carrier (and its parent, United Technologies) to keep 800 jobs in Indiana rather than sending them to Mexico. Indiana agreed to give Carrier $7 million in tax breaks, and Trump assured United Technologies that its $6 billion a year in military contracts would be secure.
Then Tuesday morning Trump attacked aerospace giant Boeing - tweeting: "Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!" Later he added "We want Boeing to make a lot of money but not that much money."
Boeing shares immediately took a hit (but recovered by early afternoon as the company began to explain itself).
After which Trump turned Mr. nice guy. "Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs," he tweeted shortly after Masayoshi Son, CEO of the company, arrived at Trump Tower in New York. "Masa said he would never do this had we (Trump) not won the election!," Trump added.
I wonder what Trump promised Masa.
The art of the Trump deal is to use sticks (public criticism) and carrots (public commendation plus government sweeteners) to get big corporations to do what Trump wants them to do.
This isn't public policy making. It's not about changing market incentives. It has nothing to do with lawmaking. It's a drop in the bucket in terms of jobs.
In reality, it's the arbitrary and capricious use of personal power - hitting stock prices and turning public opinion against companies Trump doesn't like, and raising stock prices and public opinion toward companies Trump does like.
Don't be fooled into thinking Trump is being guided by anything other than his own random, autocratic whims. He could have attacked or lauded any one of thousands of big companies that are creating American jobs, or creating jobs abroad, or charging the government too much for their products.
This is the work of a despot who wants corporate America (and everyone else) to kiss his derriere.
Last week, Trump made a deal with Carrier (and its parent, United Technologies) to keep 800 jobs in Indiana rather than sending them to Mexico. Indiana agreed to give Carrier $7 million in tax breaks, and Trump assured United Technologies that its $6 billion a year in military contracts would be secure.
Then Tuesday morning Trump attacked aerospace giant Boeing - tweeting: "Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!" Later he added "We want Boeing to make a lot of money but not that much money."
Boeing shares immediately took a hit (but recovered by early afternoon as the company began to explain itself).
After which Trump turned Mr. nice guy. "Masa (SoftBank) of Japan has agreed to invest $50 billion in the U.S. toward businesses and 50,000 new jobs," he tweeted shortly after Masayoshi Son, CEO of the company, arrived at Trump Tower in New York. "Masa said he would never do this had we (Trump) not won the election!," Trump added.
I wonder what Trump promised Masa.
The art of the Trump deal is to use sticks (public criticism) and carrots (public commendation plus government sweeteners) to get big corporations to do what Trump wants them to do.
This isn't public policy making. It's not about changing market incentives. It has nothing to do with lawmaking. It's a drop in the bucket in terms of jobs.
In reality, it's the arbitrary and capricious use of personal power - hitting stock prices and turning public opinion against companies Trump doesn't like, and raising stock prices and public opinion toward companies Trump does like.
Don't be fooled into thinking Trump is being guided by anything other than his own random, autocratic whims. He could have attacked or lauded any one of thousands of big companies that are creating American jobs, or creating jobs abroad, or charging the government too much for their products.
This is the work of a despot who wants corporate America (and everyone else) to kiss his derriere.