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Thread: Donald Trump, Enemy Of Free Markets

  1. #1
    Radical Centrist BigLeRoy's Avatar
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    Donald Trump, Enemy Of Free Markets

    Donald Trump is waging war on free markets in the energy sector. His brilliant plan, a perfect example of the kind of hare-brained centralized economic planning we used to see right out of the Kremlin in the 'glory' days of the sickly Soviet economy, is to force American consumers to pay higher energy prices, in order to subsidize and forcibly keep open, failing coal-fired power plants that would otherwise be going out of business:

    https://www.theblaze.com/news/2018/0...r-power-plants

    Here is an interesting quote: "Unprecedented government intervention in the energy markets to support high-cost generation will hurt consumers by taking more money out of their pockets rather than letting them keep more of what they earn," said Todd Snitchler of the American Petroleum Institute, the top lobbying group of the oil and gas industry. [So it is not just the renewable energy industry that finds this kind of support for the failing coal industry to be stupid policy!]

    Forcing American taxpayers to bailout uneconomical power plants is an assault on free market principles, if there ever was one!

    The Wall Street Journal had a few more details in the Saturday edition. Malcolm Woolf oversees policy at Advanced Energy Economy, a trade group representing business consumers. He said: "The Administration's plan to federalize the electric power system is an exercise in crony capitalism taken solely for the benefit of a bankrupt power-plant owner and its coal supplier." Mr. Trump received millions of dollars in campaign contributions from coal company executives.


    And, of course, with his even more consequential tariff policies, Donald Trump is on an even larger scale, an enemy of economic freedom more generally.
    Thanks from Friday13 and Redwood

  2. #2
    Radical Centrist BigLeRoy's Avatar
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    One hundred people have now viewed this thread, and yet not a single supporter of Donald Trump has chosen to even attempt a defense of his assault on free markets.

    Isn't that interesting?

    WHERE oh WHERE are the Republicans here? WHY have the Republicans abandoned the free market principles that their party so long adhered to? Have they ALL converted to Trumpism, to no principle deeper than loyalty to this one deeply misguided and corrupt man, Donald J. Trump?

    What has happened to the Grand Old Party of Lincoln, Teddy Roosevelt, Dwight D. Eisenhower, and Ronald Reagan?

    They are all turning over in their graves!

  3. #3
    Southern Strategy Liberal OldGaffer's Avatar
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    They think you are peddling fake news.....

  4. #4
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by OldGaffer View Post
    They think you are peddling fake news.....
    Nah. If they did, they would at least stop by and accuse me of doing so. This was in The Wall Street Journal and all the major daily newspapers, including The Denver Post that I get out here, so I'm guessing a lot of them read about it in their OWN local or regional papers...….

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