Donald Trump, Enemy Of Free Markets

Jan 2016
57,388
54,210
Colorado
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/2018/06/02/trump-administration-taking-immediate-steps-to-try-to-stop-closure-of-coal-nuclear-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.
 
Jan 2016
57,388
54,210
Colorado
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!
 
Jan 2016
57,388
54,210
Colorado
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...….
 
Jan 2016
57,388
54,210
Colorado
No supporter of Donald Trump has yet stepped up to attempt a defense of this assault on free market principles.

Isn't that interesting?
 
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Feb 2011
17,117
6,127
Boise, ID
Still no takers. Fascinating.
I've viewed the thread a couple times and agree it's fascinating. I've remarked repeatedly on how interesting it was that Trump stole some cliff notes and talking points from labor unions and clobbered Hillary over the head with them, particularly on trade. He also brought in Steven Bannon, eccentric economic nationalist, to steer his campaign. These were signs he was no typical free-market champion, by any stretch of the imagination. Turns out free markets aren't interesting to most people one way or another. Conservatives just reference it as a reason to opposite government and Democrats. Most don't actually care about it beyond that.

And I think a lot of people out there view the panicking and freaking out by the political establishment and power elite as little more than a sign that Trump must be doing good work somehow or another.
 
Last edited:
Sep 2013
47,843
39,587
On a hill
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!
They're waiting for instructions.
 
Apr 2018
13,358
3,521
oregon
Trump could certainly be better on some fronts. As reagan said “Thanks for the half loaf; I’ll be back next year for the other half.”
The accomplishments thus far have totally validated my vote.
 
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