Thursday, April 06, 2017By C.J. Polychroniou, Truthout | Interview
photo above: House Speaker Paul Ryan looks on as President Donald Trump addresses a joint session of Congress on Capitol Hill in Washington, February 28, 2017. (Photo: Doug Mills / The New York Times)
Donald Trump ran a campaign to “make America great again,” promising the creation of high-paid manufacturing jobs and the restoration of the middle class. Yet, his economic policies will most likely make things worse for average American workers and deal a further blow to the environment, says economist Michael Meeropol, an NPR commentator and author of Surrender: How the Clinton Administration Completed the Reagan Revolution. Michael Meeropol is the oldest son of Julius and Ethel Rosenberg.
C.J. Polychroniou: Donald Trump’s economic policies are not simply controversial; they constitute a neoliberal nightmare. His policies revolve mostly around corporate tax cuts, tax cuts for people with high incomes and investments, deregulation and selective protectionism. Assuming the Trump administration can succeed with these objectives, what, in your view, would be the most likely effects of these policies on the US economy?
Michael Meeropol: It is essential to separate Trump (the man) from the policies proposed by the Trump administration. Trump, the man, displays “bright shiny objects” that unfortunately divert us from the substance of the actual policies…. The national media and too many of the opposition are diverted by his outrageous lies, his grandiose promises, his bombast and his dangerous authoritarianism. These are the “bright shiny objects” but they have almost nothing to do with the substance of [his] proposed policies.
Your question brings focus where it should be — the neoliberal content of his administration’s proposals. With the possible exception of the selective protectionism he promised during the campaign, [his] economic policy proposals are extensions of traditional neoliberal policies that date back to Ronald Reagan. These policies were enabled by Bill Clinton (see my book Surrender and Bob Pollin’s book Contours of Descent), expanded by George W. Bush and not forcefully countered by Barack Obama. The failure to include a public option in the Affordable Care Act is one glaring example.
The neoliberal content of the Trump administration’s policies comes from Paul Ryan, the Club for Growth, the Heritage Foundation, the Chamber of Commerce … this is the policy-planning apparatus of the American ruling class.
(Anyone who doubts what I just said, check out the Who Rules America? website. G. William Domhoff has been documenting who rules America since the late 1960s. Here is a recent piece with relevance today.)
Please click on: Neoliberalism In Driver’s Seat