Opinion, Berkeley Blogs

Donald Trump is no populist

By Robert Reich

Populist or plutocrat?
Populist or plutocrat?

The tectonic plates of American politics are no longer moving along the old fault lines of left versus right or even Democrat versus Republican.

Populist or plutocrat?

As weve seen this bizarre political year, the biggest force welling up is rage against insider elites in both parties, and against the American establishment as a whole including the denizens of Wall Street, large corporations, and the mainstream media.

Now, with Bernie Sanders essentially out of the race, Donald Trump wants Americans to believe hes the remaining anti-establishment candidate.

Its smart politics but its a hoax.

Trump is even more of an establishment figure than Hillary Clinton inheriting a fortune from his father, spending years bribing politicians to subsidize his hotels and casinos, and repeatedly using bankruptcy to shield his money while leaving creditors and workers holding the bag.

But Trump is also a brilliant huckster who knows his mark.

Bernie Sanders and I are in complete accord [on] trade, Trump said last week in Ohio. [Sanders] said were being ripped off and I say we're being ripped off. Ive been saying it for years. Hes been saying it for years. I think I am saying it even louder . Globalization has made the financial elite who donate to politicians very wealthy. But it has left millions of our workers with nothing but poverty and heartache.

By putting opposition to trade at the center of his economic agenda, Trump gets a twofer landing blows against big American corporations and Wall Street, and also against the Clintons (he traces Americas economic problems to the North American Free Trade Agreement that Bill Clinton signed in 1993, and the entry of China into the World Trade Organization, which Bill Clinton supported, and says Hillary voted for virtually every trade agreement.)

Its pure demagoguery. Trade isnt to blame for the declining wages and job security of most Americans.

The real problem has been the unwillingness of the biggest beneficiaries of trade (and also of job-displacing technologies) to share the gains with the rest of America through larger wage subsidies, stronger safety nets, better schools, and easier access to higher education. Trumps Republican Party has been the main culprit.

Trump vows to cancel the pending Trans Pacific Partnership another disaster done and pushed by special interests who want to rape our country which Hillary Clinton praised in 2012 as set[ting] the gold standard in trade agreements, and then reversed herself after Sanders came out strongly against it.

Too bad Clinton delegates on the Democratic Partys platform committee muddied the waters last week by voting down a proposal by Sanders delegates to put the party on record as opposing the TPP, noting instead that there are a diversity of views in the party on this matter.

The central problem with the TPP is it would penalize member nations for raising health, safety, environmental, and labor standards. But this aspect of the TPP doesnt trouble Trump, who calls America overregulated.

Trumps faux populism extends to powerful corporations, media elites, and powerful dynasties, who, he said last week in Pennsylvania, again echoing Sanders, have rigged the system for their benefit will do anything and say anything to keep things exactly as they are.

Unwittingly, the GOP establishment seems intent on proving Trumps point. Mitt Romney condemns him, conservative media pundit George Will is deserting the Republican Party because of him, big business groups like the U.S. Chamber of Commerce and the National Association of Manufacturers blast him, Republican mega-donors like Paul Singer rebuke him, and Wall Street Republicans like former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson (who initiated the Wall Street bailout) announce theyre voting for Hillary Clinton.

"Its almost in some ways, like, Im running against two parties, Trump crowed recently. The people who rigged the system are supporting Hillary Clinton.

Its all an act. The real Donald Trump thinks U.S. wages are too high, and has fought against the unionization of his hotel employees.

His businesses outsource abroad like mad. Most of the suits, ties and cuff links he peddles are made in China; his luxury line of furniture comes from Turkey; the crystal for his Trump Home line is produced in Slovenia.

And the real Trump is on the side of the super wealthy. He proposes to cut taxes on the rich from 39.6 percent to 25 percent, and reduce taxes on all business income to 15 percent (thereby slashing the top tax rate of hedge fund and private-equity managers from the current 23.8 percent to 15 percent).

The real Trump isnt a populist. Hes a plutocrat. Above all, hes a con man. And the people being conned are average working Americans who are buying Trumps ruse of being a man of the people.

Cross-posted from Robert Reichs blog.