In 2015, even before President Trump came down the golden escalator, CTH was outlining a ‘new era and dimension’ in American economics that could be possible if a presidential candidate focused on specific Main Street policy. {Go Deep}
Throughout the next four years we watched carefully how Donald Trump was organizing that Main Street revival {Go Deep} and what specifically was creating the economic growth {Go Deep}.
One of the points emphasized in 2016 about Trump’s unique MAGAnomic policy, was how both Trump and Bernie Sanders agreed on the problem. The difference between them was the solution.
Think of it like economic football.
Both Trump and Sanders identify the rigged game. Bernie Sanders wanted to change the referees so that government controls the game. Donald Trump’s approach was different. Trump wanted to change the rules of the game, not step in and try to play referee to a rigged game where the rules were flawed.
One of the examples of economic “rule changing” is trade tariffs. You don’t need govt to regulate the corporations directly (ie. raise corporate income taxes). Instead, you can change trade policy to make the better corporate decision a return of production back to the USA (a fundamental rules change).
Both approaches involve a different govt policy, but Trump’s approach changes behavior. That’s MAGAnomics.
One of the reasons Trump’s approaches are much more effective, is that his rule changes extend beyond the American corporate game. Trump’s approach changes the behavior of foreign governments and foreign corporations, a win/win/win.
An example is the Japanese government investing in America to offset reciprocity tariffs; while Toyota, a corporation, invests in specific auto manufacturing expansion to avoid baseline tariffs.
You don’t get that kind of result through Bernie’s approach changing the American referee in an all-American game and raising corporate income taxes. And don’t forget, the corporation can just move offshore and avoid income taxes entirely. Apple used to have their company incorporated in Ireland. Trump’s rule changes brought them back.
The Promethean Action PAC is now highlighting the fundamentals of Trump’s MAGAnomics and how the policy is distinctly different from all U.S. economic policy before it.
This short piece provides an excellent explanation of what MAGAnomics means to this administration and how that explains some of what the Promethean group is saying in its videos, which are models of video conciseness and appropriate brevity. Reposted this piece in full with the author’s permission. ABN
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