Showing posts with label billionaires. Show all posts
Showing posts with label billionaires. Show all posts

Tuesday, February 4, 2025

Two week mark of the Trump presidency: attempted rule by fear and favor

 To take the standard of the Department of Justice it had until recently, to administer prosecutions "without fear or favor'.is a good standard of how the rule of law should work in order to be as fair and nonpartisan as possible.  It is also a standard for democracy as a whole and describes the ideal fairness standard for which it strives. By the two-week mark of the Trump presidency, Trump has turned that worthy goal upside down, and he is attempting to create a regime using fear and favor to gain power and to keep it.  

This is just the beginning with Trump's opening salvo of decrees and executive orders. The pushback has not begun. We do not know how effective the pushback will be. It will come from the courts and from the voters in the midterm election in two years, which could reinforce the legislative branch, giving them a backbone with a different party in the majority., and restoring some degree of the balance of powers. It could also come from the streets, given the passions and anger Trump has awakened.  It could be propelled by Trump's decisions that result in higher living costs and inflation, disillusioning some of Trump's 2024 voters.

Who is Trump favoring?  Trump is the dream ruler for billionaires. He promises to lower taxes on rich people and free them from administrative constraints on rich people's ability to become richer. These barriers the already rich want to control or eliminate were designed to protect consumers and the environment and to cut the ability of the government to provide help to those unable to help themselves, the sick, the elderly, and racial and societal minorities, Head Start,  and children with poor nutrition. One of the regime's first acts: fire the head of the Consumer Finance Protection Bureau. Next, they will attempt to eliminate civil service employees by reclassifying through regulation F, removing protections from political pressures, and replacing them with loyalists to Trump or the ideology of Project 2025 so that government rulings are in step with their priorities. Already executed in Trmp's first week: the end of DEI and the firing of all employees associated with the program. The plan laid out in Project 2025 was to eliminate DEI (diversity) goals in hiring and promotions as if it is to make white males who claimed they were the victims of discrimination the sole government rulers again as they were before the civil rights movement of the 1960s. 

The attempt has virtually neutered Congress so far, with the GOP majority nodding heads or being silent and turning over their power to Trump to do as he pleases. Trump and Musk ignored the Constitution and laws that define the executive branch's role in "faithfully executing" the laws and funding Congress passed. Instead, they are attempting to become the controller of the purse in the place of the legislature.

How could this happen? Trump uses the tools of the powers of government to discipline his followers to comply by threats to primary them if they are House members and to destroy those he sees as political enemies by using the DOJ to bankrupt them by filing criminal action (without even probable cause) against anyone else.  Trump's revenge against anyone who had anything to do with bringing criminal charges against him since 2020 may satisfy his hateful instincts, but it also serves as making an example of how he would treat those he sees as his foes and how he keeps his supporters in line.  It is a rule by fear in political messaging as well. Fear of "others" who are not white males and are immigrants has been the leading drumbeat of his campaigns since he first entered national politics. It has been a successful message and strategy. Trump knows what works, and he knows the soul of his core supporters.

Trump is attempting to rule by favor, as well, as he places in power as a reward for loyalty and campaign contributions, primarily the very rich. Top of the favors he promises are lower taxes, with loss to the treasury offset by a reduction in government and national security services and regulations protecting consumers and the environment.  By placing his loyalists up and down government agencies, he can offer those favors to those who have proved their loyalty to him and his priorities.


https://www.msnbc.com/top-stories/latest/trump-fires-rohit-chopra-wall-street-consumer-protection-rcna190444?

https://www.yahoo.com/.../invitation-foreign-actors-bondi... Yesieree bob, voters do not need to know what China, Iran, or Russia are doing to help MAGA win in any elections, right? WRONG.

Tuesday, December 17, 2024

New resistance opportunity arises: Rule by oligarchs and class warfare updated through 3/23/ 2025


Update: 3/23/2025
Disturbed because of the growing crowds supporting the Bernie Sanders/AOC anti-oligarch tour? The rowdy, disruptive attendees at the GOP town halls? When MAGA controls the White House and the majority of Congress and proposes to end democracy as we know it, and Musk is empowered to take a chainsaw to government regardless of human casualties, that is darn radical from the extreme right, so do not be surprised as the left responses in radical terms, too. Extremism begets extremist responses. You should not have been surprised. Biden, by the way, hardly a radical, saw it coming.
Posting 12/17/2024 continuously updated.


Update: 1 16 2025:  Biden's farewell address: his warning about oligarchs' rule destroying democracy: Biden delivers farewell address, warns of 'oligarchy' taking shape in America | AP News


Update: 1 27 2025.  The left thinks Biden should be indicted for letting the billionaires get rich during his term, so he calls them oligarchs. Here is where this "indictment" went off the rails. Yes, the ultra-rich billionaires rose, but it took more than 4 years. That is not the issue: the issue is what the billionaires are doing, which is to take over the political power of the nation, having already conquered the economic power. When they merit an office in the West Wing and whisper daily into Trump's ear, that is when they leap from just a billionaire to oligarchdom. In fact, they are even more powerful than the oligarchs supporting Putin, who simply kills them off if they misbehave. The oligarchs put Putin in power, and once there, Putin kicked them out of his government. That may be the fate of the oligopoly under Trump, too. However, Trump is still consolidating his power and needs their help. Our version deserves the title of oligarch because of their political roles, which lifts them above the other extremely rich. They are robber barons, ok. Not just deserving that indictment as monopolists and vulture capitalists, they have branched out by trying to get more tax relief and do away with environmental and consumer protections and social programs to balance off their assault on the treasury. They stand ready and willing to buy any politician who stands in their way. The political power they now have is what needs to be indicted, along with Trump giving them the seat of honor at his table.

Update: 1 /14/2025
I picked up a disturbing line in last Monday's Rachel Maddow show: " We have already lost our democracy. " . My follow-up question is: Can we get it back, and how can we? Ideas, comments? My own thoughts are that on November 5, 2024, 49.9 of voters handed over governance to this country to an autocracy, fed and influenced by oligarchs, and enabled by his Supreme Court to give him immunity from prosecution for criminal acts while performing his official duties.On January 21, 2025, Trump will finalize the takeover by signing 100 executive orders, mostly concerning the implementation of Project 2025, an attempt to place all power in the hands of the executive branch, and reduce the influence of the two other branches by appointees and threats, including violence. The business community is already falling all over themselves bending their knees, ending DEI, and ending fact-checking, mostly out of fear of the abuse of power, from the DOJ and regulatory agencies.
 
Continuing the original 12/17/2024  post:Trump's reliance on oligarch contributions to his campaign and his fawning, and surrounding himself, his cabinet, and his advisers with the current crop of the ultra-rich is ripe for a resistance campaign issue for the midterms. Trump's rule by an administration filled with billionaires that he is planning for his next act is a gift to Democrats as they plot strategy for the midterms in 2026 to get back those working-class voters they lost in 2024. Democrats can and should make a bigger deal of class warfare. It is low-hanging fruit, obvious and visible, and Democrats have a tradition and a credible track record of supporting the middle class ' pocketbook interests.

From my blog posting 1/13/2025 :If we have lost our democracy,  can we get it back? Preserving and restoration of democracy is not an effective pitch to motivate voters. We just got a lesson in that. In fact, at the risk of stating the obvious, what works is understanding and illustrating what voters feel in their lives and directing messaging to their real-life concerns. If democracy is mentioned, it should be that democracy will and can be the best vehicle to reflect and fix the problems important to "ordinary people" rather than an out-of-control kleptocracy and corruption of a Trump autocracy.

The problem is that in 2024, the fear of the loss of democracy was not taken seriously, not understood, nor urgent, and not relevant to everyday life, in spite of the Democrats making Trump's threat to democracy a major campaign issue. Experience is the best teacher if the connection between who and what is at fault can be made and voters are made aware of how they have been hurt. If and when Trump fails to deliver on such promises as rolling back grocery prices, keeping gas at the pump affordable, stopping inflation, and making health care and general living more affordable, will those swing voters, the non-racist motivated ones, be receptive to the message and will the pendulum swing the other way. The trust in Trump, that whatever he does that is good for him is good for you and me too, is a bond that needs to be broken. Trump will continue to win the race-sensitive part of the MAGA block with his anti-DEI, Project 2025 White nationalist agenda, and cruel immigration policies.


GOP priorities regarding tax policy are designed to make the rich richer by extending the tax cuts the rich love. Either they blow the hole bigger than now in the deficit or cut social programs that benefit the middle class and the working poor. Health care, social security and Medicare are targets, among others. This one issue alone is ripe for class warfare. The burning question Democrats need to ask at every opportunity is "How does that benefit whom" and they need to then be ready to point out their alternatives. The GOP has been handed a gift: recovery from COVID-19, putting the breaks on inflation, and jobs for everyone who more or less paid enough to keep up with inflation. Now, let us see what they do with that.

This is a good summary of the GOP's legislative agenda:  https://www.cbsnews.com/news/119th-new-congress-to-do-list-priorities   If this is it, I see nothing in it that will improve the lives of "ordinary Americans". In the meantime, both the executive branch and Congress run by the GOP support and promise policies, including tariffs and immigration, guaranteed to stoke the flames of inflation again. The GOP has to get it right before the midterms for those who say they voted for Trump because of the economy. How the GOP will offset negative fallout will be carrying out their white Christian agenda as planned in Project 2025, which has little to do with Congressional action but relies on executive orders.   Expect every possible failure by the Trump administration on economic policies to blame immigrants who are black and brown or foreign.  So far, this racist, hate approach, fear, and blame the "others" has been a winning strategy for every wannabe and current strongman dictator from Putin to Orban to Erdogan to Trump.  

The most damaging blow to democracy was Citizens United where contributions could be hidden by corporations in lobby and interest groups and political committees. We used to be able to see who contributed. Now they are hidden thanks to the absurd Scotus opinion corporations are people and have rights Musk was brazen. Nothing hidden there:$ 277 million. https://www.msn.com/.../elon-musk-put-277-million-into...       If there is one change that would help democracy survive as it was meant to be, it would be to undo the Citizens United opinion.  The other would be to undo political gerrymandering, another bad Scotus opinion. This permits those with money to determine the outcome of representative bodies by threatening to provide enough money to "primary" someone who steps out of line. Musk just did it. Republicans dismiss Elon Musk's threats after bill rejection

This is not just a USA problem, but a world one. Update 1 20 2025: Billionaire wealth surged in 2024, says Oxfam as world leaders meet for Davos

Update 1 16 2025: Those who own the message media can control minds.  The oligarchs are well on their way to doing it: 

Mark Zuckerberg Drops DEI And Fact Checking - Search News

 https://www.msn.com/en-us/money/other/a-30-million-campaign-to-free-social-media-from-billionaire-control-is-now-underway/

Donald Trump has threatened to shut down broadcasters, but can he?

How Hungary's Orbán uses control of the media to escape scrutiny and keep the public in the dark | The Associated Press




Elon Musk, a person who could fit the definition of an oligarch, has recently become Trump's alter ego. Now that Elon Musk seems to be running the transition and Trump sits in Mar A Lago nodding his head, Musk deserves real scrutiny. Do we really want that powerful influence over Trump by Musk, who is revealing himself as a neo-Nazi sympathizer? He just congratulated the AFD party in Germany for its recent showing and called it the savior of Germany, a party widely recognized by many as a neo-nazi party. It should not come as a surprise.  Trump has given American neo-Nazis a public platform since taking over Twitter (now X).
He is under scrutiny by the Securities and Exchange Commission for failing to comply with the SEC rules in his purchase of X. https://www.cnbc.com/2025/01/14/sec-sues-musk-alleges-failure-to-properly-disclose-twitter-ownership.html  In the newTrump regime, we should be watching what happens with this suit and whether it is dropped.  

Some (writing opinions) even think Musk wants to rule the world. This would explain his meddling in other countries' affairs.  We used to dismiss a person  who pulls the world's strings as nothing but a paranoid delusion. That thought the Musk would attempt to be such a force is frightening. Elon Musk seeks to install himself as global dictator – and 'so far it's working': expert


Update: 1 14 2025 In reaction to rumors that Musk is considering buying TikTok and Zuckerberg caved into Trump and stopped fact-checking on Facebook, this is very important; non-profit media is launching an effort to keep social media out of the hands of billionaires. In the meantime, like never before, social media should be treated as people's opinions but not as a source of credible facts and data. My policy is to list the sources of my facts and data cite and what is influencing my opinions on my blog or on social media postings. https://www.msn.com/en-us/money/other/a-30-million-campaign-to-free-social-media-from-billionaire-control-is-now-underway/

 In 2024,  Democrats raised the fear that oligarchs would damage democracy (https://mufticforumblog.blogspot.com/2024/10/democracy-has-oligarch-problem.html) and instead made combatting MAGA's extreme positions on choice and minority rights and other cultural issues their prime issues.Harris did her best to talk about grocery and gas prices and the high cost of housing and presented some constructive ideas to deal with it, but Trump, the ever real estate promoter and con man, sounded more credible, pointed to low prices pre COVID to make America great again  though he had no plans.  We know how that turned out. We also know he can't deliver, already saying" it is too hard to do it." Now, in Trump.2  it appears that the middle class and working families will also be the victims of the oligarch influence over Trump. 

The rule of billionaires in this second Trump administration is likely to be Trump's Achilles heel. Dems can take aim at those super-rich to the extent that billionaires 1) do not know what wage earners have to do to make ends meet and 2) don't care because they only see public policy good that increases their wealth in tax policy and deregulation. 3) Billionaires often see offsetting the cost of their tax cuts and the damage of doing that by cutting social security health care, feeding the poor, etc, that make the middle-class and working poor's lives easier. Therein lies the reasons Dems can and should engage in class warfare as a contrast to their policies that help wage earners and, the middle class and the needy. They have a track record of advocating, supporting, and protecting the middle class that the GOP does not have. Trump's billionaire appointees plan is a new opportunity ripe for attack not available to Democrats in 2024.

https://mufticforumblog.blogspot.com/2024/11/resistance-is-not-enough-democrats-have.html

Post 2024 election, the billionaire contributions to Trump continued per this meme, data unverified but worthy of attention: https://www.facebook.com/share/p/18SyzrraVK/


WHAT IS THE DIFFERENCE BETWEEN BILLIONAIRES AND OLIGARCHS  Are all billionaires oligarchs? I have my own take on that. Oligarchs are those who participate in an oligarchy. is an interesting evolution of the usage of the word oligarchs that has roots in economic terms, in how many limited numbers of companies control a "market', or specific sectors of the economy. 

Oligarchs also wield more power than just in business. They are politically involved and control more than one power center, such as the media and political positions, informal or formal.  An oligarch is now most frequently associated with political power.  Not all billionaires are oligarchs, but an oligarch is usually a billionaire or at least a multi-millionaire.
 However, Putin's regime is supported by what Russians call oligarchs...very rich Russians who act on Putin's behalf (or meet unfortunate deaths if they do not). It has become more of a political term than a business/market term.   The term oligarch resembles the US. It has become a political description of a billionaire tied up in political power that resembles the Russian counterparts. I see it in that context. 

 Is Trump an oligarch? If not, he is at least an aspiring one. He acts like one and surrounds himself with bonafide ones to such an extent that at least he appears to treat them as his peer group. Recently, in the passage of the continuing resolution for keeping the government open and his failure to get what he wanted (ending the debt ceiling), he looked like he bowed to his peer, Elon Musk, and Musk's attempt to blow up the bi-partisan deal reached earlier. 

This is a potential issue, and to the extent those like Elon Musk and others hurt ordinary Americans, it needs to be followed closely. It also depends upon the messaging skills of Democrats to make the connection, to date, at best, poor.  The opportunity is there. Not only is it a class clash, but it also has practical consequences that will hurt Americans in their gut of pocketbook issues. If what the oligarchs do appears to be self-serving, wealth-building while the rest of us take it on the chin can become a major issue.  It is especially ripe if what appears to ordinary people is that those like Musk who proposes hurting and cutting out federal programs such as Obamacare and Social Security, consumer protections from abusive business practices and unsafe products are the oligarch's way of offsetting the tax cuts and regulatory requirements.

Is Elon Musk an oligarch? He fits my definition of an oligarch, and he is an example of one who attempts to influence political policy and candidates to benefit him.  Musk controls many sectors, including automotive EVs. social media via Twitter/X , and space exploration.He seems to think at this moment that he also controls Congress, the executive branch, and the GOP.  MAGA seems willing to dance to his tune.  The significance of the House vote on whether to shut down the government or fund it on December 20 was that even Elon could not control that.  Trump looked like he, too, was dancing to Musk's tune, following his lead on the budget ceiling, which both Musk and Trump failed to get it included in the final version.
 .
Musk proposes to cut out the Consumer Finance Protection Bureau so he can avoid regulation when he turns X( formerly Twitter) into a consumer bank and service site. He also wants to destroy reports of Tesla crashes. Bad for business. (per an expose by Rachel Maddow 12/16/2024) and  Trump team set to end key vehicle safety rule opposed by Elon Musk's Tesla: report     So now the oligarchs are proposing to cut the Consumer Finance Protection Bureau over outrage that $35 late fee is being reduced to $5 in the waning days of the Biden administration.  The yelp from the finance companies over this outrageous money/profit generation that screwed consumers is heard on FOX.  Whose side is MAGA on? The finance companies or their loyal consumers? Obviously, those getting screwed by this are the consumers; those demanding this profit center are the finance companies.  Let's see how this one plays out.https://www.msn.com/en-us/money/companies/cfpb-has-been-an-absolute-disaster-ej-antoni-explains-what-doge-should-cut-first/


Google AI summary: AI Overview
Credit card late fees are a major source of profit for some financial services companies. In 2022, credit card issuers collected over $14 billion in late fees, which was more than 10% of the $130 billion in interest and fees charged to consumers. 
The Consumer Financial Protection Bureau (CFPB) recently finalized a rule that caps credit card late fees at $8 for the largest credit card issuers. The average late fee before the rule was $32. The CFPB estimates that the new rule will save Americans an average of $220 per year. 



Now that Elon Musk seems to be running the transition and Trump sits in Mar A Lago nodding his head, Musk deserves real scrutiny. Do we really want that powerful influence over Trump by Musk, who is a neo-Nazi sympathizer? Are there other dark corners in Musk's head? This one should set off some alarm bells: https://www.nytimes.com/2024/12/20/world/europe/elon-musk-afd-germany.html  He just congratulated the AFD party in Germany for its recent showing and called it the savior of Germany, a party widely recognized by many as a neo-nazi party. It is anti-immigrant to the extreme. How the Magdeburg Christmas Market mass killing affects German views of immigrants just might become even more extreme since the accused perp was an immigrant from Saudi Arabia Germany Christmas Market Attack: How Saudi Arabia Responded - Newsweek     It appears that  Musk even sees himself as the Secretary of State or Trump's mouthpiece on the Magdeburg, AFD issue. Is he or is he also not in charge of Trump's foreign policy? He told the German president he was a fool and ought to resign. https://www.msn.com/en-us/news/world/elon-musk-s-controversial-demand-after-magdeburg-tragedy/ar-AA1wh6dx?
Musk's X (formerly Twitter) let neo Nazi's have a flourishing platform




HOW BILLIONAIRES GET POLITICAL INFLUENCE
"The single biggest target of billionaire campaign spending has been the historically tight presidential race. Nearly $600 million was spent in support of the two major presidential candidates, either through their respective fundraising committees or super PACs spending on their behalf (see below). The great bulk of that money backed former president and current Republican nominee Donald Trump, who benefited from over $450 million of billionaire donations–more than three times as much as Vice President Kamala Harris, the Democratic nominee, who was the beneficiary of $143 million of billionaire contributions. That’s a 75%-25% split in Trump’s favor. "  Billionaire Clans Spend Nearly $2 BILLION On 2024 Elections - Americans For Tax Fairness
Musk recently just threatened to use his money to "primary" candidates, Democrats and Republicans who do not fall in line in 2026. 

Tuesday, November 26, 2024

Resistance is not enough. Democrats have a winnng leg to stand on updated 12/14/2024

 Resistance is not enough. Democrats have a winning leg to stand on that MAGA does not: It is economic fairness, the lack of which is underlying the demise and resentment of the middle class. Such economic populism can work both ways depending upon who gets the blame.  In 2024 Trump won as more voted for cheaper and in 2025 we will get higher prices and much more: inflation per every economist on the planet. The fallout will not only be political, it will be painful for anyone who is price-sensitive. The last time we tried such a stunt was in the early thirties. https://www.investopedia.com/terms/s/smoot-hawley-tariff-act

That is the Democrat's messaging challenge: to make sure the Trump regime gets the blame when inflation happens and health care becomes more expensive again, as the cost of housing keeps on soaring, and grocery prices increase, making the Biden era look like the good old days.

 In fact, if there was one issue that tipped the election to Trump, it was his promise to lower grocery prices. He made a big deal of it in his campaign, he promised he would, polls confirmed that was the reason he won, and now he is already admitting he will have a hard time rolling back grocery prices. In fact, the likelihood that grocery prices will inflate will be due to his tariffs on imports from Mexico and a labor shortage from farm to processing caused by mass deportations. https://www.yahoo.com/news/donald-trump-already-walked-back-221600205.html

Trump says it will be 'hard' to bring grocery prices down. Here's why. Already, Trump is blaming Biden, not COVID-19, not supply chain mess-ups, empty shelves, or stimulus checks causing more demand than supply. As Biden leaves office, grocery price inflation had been near zero for the past year. However, if grocery prices go south, tariffs and immigration  mass deportations will be to blame,. The message must be more than "we told you so," but to tie it to Trump's own actions and deserved blame for whatever happened on his watch.

Update 1/20/2025 WORTH a read if you can getting through the paywall. My thoughts: if the the feds won't do it, states are trying.

To add insult to injury, the billionaire Elon Musk in charge of Trump's current thinking about cutting "duplicative and unnecessary agencies" has just targeted the recently instituted the Consumer Financial Protection Bureau. (CFPB)Unnecessary for whom? Certainly not necessary for a billionaire. Duplicative of what agency? It was set up to do what other agencies had failed to do or had the power to do. Per Google AI, The FTC's Bureau of Productions for Consumer Protection ICFstops unfair, deceptive, and fraudulent business practices by collecting complaints and conducting investigations, suing companies and people that break the law. developing rules to maintain a fair marketplace. I spent over 20 years as an executive with consumer protection agencies, one similar to the CFPB on the local level, and a credit counseling agency (non-profit) , dealing with debt, foreclosure, and local, public, and private agencies attempting to help consumers deal with these kinds of financial problems. However, when we attempted to alert the Federal Trade Commission about a pattern of civil fraud, there was no easy way to do it nor was there a focus at the FTC to deal with consumer complaints.  Musk does not have a clue of how important the Bureau is. Per the bureau:

  • 4 million+ consumer complaints received responses
  • $20.7 billion+ in financial relief as a result of CFPB actions
  • 205 million+ people eligible for financial relief and their current target: credit card and bank junk fees.
 
That is a good reason why billionaires should not be making such policies.https://www.reuters.com/world/us/musk-calls-abolishing-consumer-finance-watchdog-targeted-by-republicans-2024-11-27

 For simplicity in messaging, Democrats can paint the GOP (the Trump version) as the party of billionaires while the rest of us sacrifice what makes our lives easier in order to enable their tax breaks and deregulation.  Perhaps, as others have called this, we could tag this as government by an oligopoly or use the Russian term oligarchs.  Trump is still in charge, however, and he sees a benefit to his ego, the measure of his own wealth and influence. to be part of this peer group, and he owes them for important financing of his 2024 campaign. 

 If there is one policy issue that will cause a backlash by everyone, this is it. High tariffs equal high prices. Such inflation caused low-information voters to switch to Trump. It could also cause them to switch back to Democrats. Trump's campaign promises of reducing costs of living for those on a budget are doomed to failure if he makes prices higher and he sabotages what the middle class has taken for granted, access to affordable health care, consumer protections from corporate greed, and social security and Medicare for those who retire.

. In my early adulthood, the middle class could own a home, send kids to college, mom could be a stay-at-home one, and even maybe take a vacation.  The income dad bought home was sufficient. Their buying power permitted it. Since the 1970's the trend to keep that going slowly died off as tax and perk policies, money (now dark, thanks to Citizen's United) from corporate and individually wealthy billionaires have flowed into the political system, sucking the middle class dry with their favoritism and self-interests. Now, they are the ones, yes, like Elon Musk, whispering in the ears of Trump. So long as Trump delivers on his promise to lower grocery prices, the stock market remains bullish, gas at the pump remains at under $3 and the cost of what the middle class buys becomes cheaper,  no one cares if the oligarchs get richer.

Trump is now doubling down on tariffs on even our largest trading partners: Mexico and Canada, in addition to Asian countries, policies guaranteed to make nearly everything middle-class buys more expensive.  If he continues with that insanity, the backlash will be more than palpable, but Democrats have to be able to seize the day, putting the blame where it belongs, and then make the case in simple terms they can make life better. They failed to do that in 2024. Saying and doing the same way over again won't work. They need to get their messaging methods and content retooled and refocused on what the electorate is feeling at the time.

The  Democrats ' answer should be a return to their roots and re-establishing their historic posture of the party of those who are struggling to make ends meet.  The history of the Democratic party used to be as a champion for those left behind. There is no hypocrisy here and plenty of credibility.   Democrats can make the case in the next four years that rule by the ultra-rich on behalf of their corporate interests may talk the populist grievances and say "they feel your pain," but the walk they walk is just making themselves richer. 

 https://mufticforumblog.blogspot.com/2024/11/elitists-v-simple-speakeducation-is.html

https://mufticforumblog.blogspot.com/2024/11/trumps-achilles-heels-

Elon Musk publicized the names of government employees he wants to cut. It’s terrifying federal workers

https://mufticforumblog.blogspot.com/2024/10/democracy-has-oligarch-problem.html

https://crsreports.congress.gov/product/pdf/R/R42615/6#:~:text=The%20Consumer%20Financial%20Protection%20Bureau%20(CFPB)%2C%20which%20formally%20started,the%20Dodd%2DFrank%20Act).

ttps://www.newsweek.com/will-trumps-tariffs-drive-inflation-1995274

Tuesday, November 19, 2024

Storm clouds on the horizon for Trump, business and consumer interests, and Elon Musk update 12/14/2024

 Trump faces storm clouds on the horizon as he faces pressure from business interests and Elon Musk. Business interests may be the only guardrails Trump will face challenging his priorities. To Trump, what matters to him is what the stock market is doing.  If that begins to tank due to inflation rising again, maybe he might begin to see the folly of high tariffs and immigration policies causing a labor shortage as he tries to live up to his campaign policies to mess with both. https://www.cnn.com/2024/11/19/business/guardrails-trump-economy-stock-market-bonds     He is already fudging on his promises to lower grocery prices. 

An excellent  article on Trump's threatened tariffs on Chinese imports, from the business/investor viewpoint. https://www.msn.com/en-us/money/other/china-has-been-stockpiling-a-key-us-crop-before-trump-takes-office

Update 12/14/2024 .If there was one issue that tipped the election to Trump, it was his promise to lower grocery prices. He made a big deal of it in his campaign, he promised he would, polls confirmed that was the reason he won, and now he is already admitting he will have a hard time rolling back grocery prices. In fact, the likelihood that grocery prices will inflate will be due to his tariffs on imports from Mexico and a labor shortage from farm to processing caused by mass deportations. https://www.yahoo.com/news/donald-trump-already-walked-back-221600205.html

Trump says it will be 'hard' to bring grocery prices down. Here's why. Already, Trump is blaming Biden, not COVID-19, not supply chain mess-ups, empty shelves, or stimulus checks causing more demand than supply. As Biden leaves office, grocery price inflation had been near zero for the past year. However, if grocery prices go south, tariffs and immigration will be to blame,. The message must be more than "we told you so," but to tie it to Trump's own actions and deserved blame for whatever happened on his watch. 



The other issue that motivated some to vote for Trump was the price of gas at the pump and his promise to make that cheaper.  That one will not happen either. Drill baby drill might make oil patch oligarchs righer, but not the rest of us:

 Another reason why drill baby drill will not reduce prices at the pump. Gist of the article: supply and demand are set internationally so that even producing more oil will not affect prices at American pumps..  The US does not control oil supply and demand and any extra oil we produce may be offset by less drilling in another country. https://www.msn.com/en-us/money/other/why-trump-s-plan-to-drill-baby-drill-is-unlikely-to-cut-gas-prices-and-fix-inflation/ar-AA1vTbWR?

There are other reasons drill baby drill will not reduce prices at the pump:  We do not have a shortage of crude oil, but oil patch already has leases with oil for the next 40 years. What they really want is to remove environmental restraints so they can increase their profit margins, but that will not20 affect gas at the pump either.  MUFTIC FORUM BLOG: The BS of "drill baby drill"; makes unnecessary

Update 12/20/2024:  Wonder why the EU was left out of the Trump threat to raise tariffs on imports? It was rumored the EU threatened to block energy/gas imports from the US as a retaliation to tariffs on their exports to the US, setting off the US gas industry. Trump listened.  This is how Trump couched it in terms of a trade-off to bring down the trade imbalance and make him look like the ultimatum was his ultimatum tat is as advantage to the US.. https://www.cnbc.com/2024/12/20/trump-says-european-union-must-buy-us-oil-and-gas-in-trade-ultimatum.html     Here is how the spin is being positionedby Trump for the benefit of his MAGA's ears . Donald Trump Threatens Europe With Tariffs - Newsweek    Unknown if there will be any impact on the US consumer in righting a trade imbalance, but they will avoid having high tariffs passed on to them for European imports.  Medicinal and pharmaceutical products, motor cars and motor vehicles are the major items US imports from Europe.  

This section regarding billionaires and oligarchs is moved to a separate posting: MUFTIC FORUM BLOG: Musk's return on investment in Trump has just begun