What to expect from the Trump years, and why.

Fabius Maximus website

Summary: The media overflow with hysterical predictions about the next four years, but few well-grounded visions. Here is a brief look at  some of what we can expect, and why, and what these events reveal about ourselves.

What makes America great? Great for whom?

Trump: Make America Great Again

Investors have pushed US stock to near-record valuations (record valuations on price to growth basis) on the belief that the Trump administration will enact a massive fiscal stimulus — tax cuts (mostly for the rich) plus infrastructure and military spending — resulting in another round of fantastic fiscal deficits. Just as hard-rock conservatives Reagan and Bush Jr. did.

Skeptics’ rebuttal points to the eight years of Republican criticism of Obama’s deficits — deficits which prevented the 2008 crash from starting a depression and supported the economy during its long, slow recovery. How could the GOP justify massive deficits now, during an expansion? Conservative’s beliefs and history…

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