Quotes by TradingView
Friday, March 24, 2023
Premium: TradeChat
No Result
View All Result
MrTopStep
  • News
    • All
    • Reuters Business
    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

    ICE: Margin Rates Update for ICE Futures U.S. Gas Contracts

    CME Group Globex Labor Day Holiday Schedule

    Margin Rates Update for ICE Futures U.S. Power Contracts

    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MARCH: ASX falls 0.2pc; big four banks slide | Macquarie vies for big role in offshore wind | Block dives amid Hindenburg fraud claims |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MARCH: ASX falls 0.7pc at close, nine sectors in the red | PNG hatches $4.5b plan for new LNG train, gas fields | Andrew Forrest sparks a merger and acquisition race for small miners |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MARCH: Wall street fluctuates | The Fed overnight lifted rates as expected | After Neuren’s success, which other ASX health stocks are knocking on the US FDA door? |

    Fed’s on Tap. Big Ranges Expected

    Fed’s on Tap. Big Ranges Expected

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 MARCH: ASX jumps 0.9pc | biggest daily gain in 2 months | BPH Energy resumes trading following PEP-11 controversy |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 MARCH: ASX to rise, equities rally in Europe, New York | ASX banking stocks outperforming American, European rivals | Is Australia’s lithium moat drying up? |

    2-Day Fed Meeting Starts Today (Back Up Send)

    2-Day Fed Meeting Starts Today (Back Up Send)

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 MARCH: Shares add 0.8pc; banks rebound | Forrest in $760m takeover bid for BHP nickel supplier | Chimeric Therapeutics reveals positive pre-IND with US FDA |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 MARCH: ASX to rally | Dow, S&P 500 advance in broad rebound | Corella perfectly poised to supply high purity alumina to lithium-ion battery markets |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
    • FEEDID-10
    • feedid-56
    • feedid-58
    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MARCH: ASX falls 0.2pc; big four banks slide | Macquarie vies for big role in offshore wind | Block dives amid Hindenburg fraud claims |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MARCH: ASX falls 0.7pc at close, nine sectors in the red | PNG hatches $4.5b plan for new LNG train, gas fields | Andrew Forrest sparks a merger and acquisition race for small miners |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MARCH: Wall street fluctuates | The Fed overnight lifted rates as expected | After Neuren’s success, which other ASX health stocks are knocking on the US FDA door? |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 MARCH: ASX jumps 0.9pc | biggest daily gain in 2 months | BPH Energy resumes trading following PEP-11 controversy |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 MARCH: ASX to rise, equities rally in Europe, New York | ASX banking stocks outperforming American, European rivals | Is Australia’s lithium moat drying up? |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Fed’s on Tap. Big Ranges Expected

    Fed’s on Tap. Big Ranges Expected

    2-Day Fed Meeting Starts Today (Back Up Send)

    2-Day Fed Meeting Starts Today (Back Up Send)

    After March Triple Witching, Eyes Turn to Fed

    After March Triple Witching, Eyes Turn to Fed

    March Triple Witching on Tap, $2.9 Trillion Expiring Options

    March Triple Witching on Tap, $2.9 Trillion Expiring Options

    ECB Rate Hike in Focus as Credit Suisse Receives Funding

    ECB Rate Hike in Focus as Credit Suisse Receives Funding

    Contagion Fear Spreads Into Europe

    Contagion Fear Spreads Into Europe

    In-Line Inflation Numbers Has Market Undecided

    In-Line Inflation Numbers Has Market Undecided

    Silvergate Meets Silicon Bank

    Silvergate Meets Silicon Bank

    Market Crash in 60 Days? | A Trade-able Range Is Set

    Market Crash in 60 Days? | A Trade-able Range Is Set

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

    Chart of the Day: AMZN Stock

    Chart of the Day: Trading the S&P 500 and the S&P Futures

    Here’s Why You Need Mr. Top Step

    Here’s Why You Need Mr. Top Step

    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

    Chart of the Day: AMZN Stock

    Monthly Trading Time: The Good, The Bad and The Ugly

    Chart of the Day: AMZN Stock

    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

  • NYSE Holidays
  • Video
  • News
    • All
    • Reuters Business
    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

    ICE: Margin Rates Update for ICE Futures U.S. Gas Contracts

    CME Group Globex Labor Day Holiday Schedule

    Margin Rates Update for ICE Futures U.S. Power Contracts

    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MARCH: ASX falls 0.2pc; big four banks slide | Macquarie vies for big role in offshore wind | Block dives amid Hindenburg fraud claims |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MARCH: ASX falls 0.7pc at close, nine sectors in the red | PNG hatches $4.5b plan for new LNG train, gas fields | Andrew Forrest sparks a merger and acquisition race for small miners |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MARCH: Wall street fluctuates | The Fed overnight lifted rates as expected | After Neuren’s success, which other ASX health stocks are knocking on the US FDA door? |

    Fed’s on Tap. Big Ranges Expected

    Fed’s on Tap. Big Ranges Expected

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 MARCH: ASX jumps 0.9pc | biggest daily gain in 2 months | BPH Energy resumes trading following PEP-11 controversy |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 MARCH: ASX to rise, equities rally in Europe, New York | ASX banking stocks outperforming American, European rivals | Is Australia’s lithium moat drying up? |

    2-Day Fed Meeting Starts Today (Back Up Send)

    2-Day Fed Meeting Starts Today (Back Up Send)

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 MARCH: Shares add 0.8pc; banks rebound | Forrest in $760m takeover bid for BHP nickel supplier | Chimeric Therapeutics reveals positive pre-IND with US FDA |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 MARCH: ASX to rally | Dow, S&P 500 advance in broad rebound | Corella perfectly poised to supply high purity alumina to lithium-ion battery markets |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
    • FEEDID-10
    • feedid-56
    • feedid-58
    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MARCH: ASX falls 0.2pc; big four banks slide | Macquarie vies for big role in offshore wind | Block dives amid Hindenburg fraud claims |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MARCH: ASX falls 0.7pc at close, nine sectors in the red | PNG hatches $4.5b plan for new LNG train, gas fields | Andrew Forrest sparks a merger and acquisition race for small miners |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MARCH: Wall street fluctuates | The Fed overnight lifted rates as expected | After Neuren’s success, which other ASX health stocks are knocking on the US FDA door? |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 MARCH: ASX jumps 0.9pc | biggest daily gain in 2 months | BPH Energy resumes trading following PEP-11 controversy |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 MARCH: ASX to rise, equities rally in Europe, New York | ASX banking stocks outperforming American, European rivals | Is Australia’s lithium moat drying up? |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Fed’s on Tap. Big Ranges Expected

    Fed’s on Tap. Big Ranges Expected

    2-Day Fed Meeting Starts Today (Back Up Send)

    2-Day Fed Meeting Starts Today (Back Up Send)

    After March Triple Witching, Eyes Turn to Fed

    After March Triple Witching, Eyes Turn to Fed

    March Triple Witching on Tap, $2.9 Trillion Expiring Options

    March Triple Witching on Tap, $2.9 Trillion Expiring Options

    ECB Rate Hike in Focus as Credit Suisse Receives Funding

    ECB Rate Hike in Focus as Credit Suisse Receives Funding

    Contagion Fear Spreads Into Europe

    Contagion Fear Spreads Into Europe

    In-Line Inflation Numbers Has Market Undecided

    In-Line Inflation Numbers Has Market Undecided

    Silvergate Meets Silicon Bank

    Silvergate Meets Silicon Bank

    Market Crash in 60 Days? | A Trade-able Range Is Set

    Market Crash in 60 Days? | A Trade-able Range Is Set

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

    Chart of the Day: AMZN Stock

    Chart of the Day: Trading the S&P 500 and the S&P Futures

    Here’s Why You Need Mr. Top Step

    Here’s Why You Need Mr. Top Step

    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

    Chart of the Day: AMZN Stock

    Monthly Trading Time: The Good, The Bad and The Ugly

    Chart of the Day: AMZN Stock

    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

  • NYSE Holidays
  • Video
No Result
View All Result
MrTopStep
Home News

Foss: “Is The Trump Revolution Over?”

ZeroHedge.com by ZeroHedge.com
January 28, 2018
in News
0 0
0
MarketWatch – ‘Trump trade has been reignited’ — analysts on what the Senate budget vote means for investors
15
SHARES
106
VIEWS
Share on FacebookShare on Twitter

Authored by Paul-Martin Foss via The Ron Paul Institute for Peace & Prosperity,

A year after President Donald Trump’s inauguration, analysts and commentators are assessing both his performance in the first year of his presidency as well as the outlook for the remainder of his first term. Entering office as a surprise winner and a political neophyte, many people didn’t know just what to expect from Trump. Would he do what he pledged to do as a candidate, or was his campaign rhetoric just a lot of hot air to bamboozle enough people into voting for him?

One of Trump’s most popular promises was to “drain the swamp” and, while the President has tried to make some strides in that respect over the past year, there are concerning signs that any swamp draining may be coming to an end.

Personnel Is Policy

One of the primary rules in politics is “personnel is policy.” What a politician says he’ll do is less important than who he hires to implement his policies. In many cases, the people he hires may not agree with his policies and may work to surreptitiously (or not so surreptitiously) undermine and co-opt him. We certainly see this on Capitol Hill all the time, where class after class of freshman Congressmen enters Congress pledging to fix the way Congress works. Yet time after time they get corrupted by the system in Washington. Why is that? It’s because of the people they hire.

Coming into office often with no experience of how things operate in DC, they rely on their respective party apparatuses to staff their offices. They’ll hire Hill veterans as their chiefs of staff and legislative directors, staffers who are more concerned with the future of their careers and who consequently do everything they can not to upset party leadership so that they can maintain their ability to work on the Hill and work the government/lobbying revolving door. We’re seeing much the same thing happening in the White House today too, as Trump continues to hire establishment Republicans who wouldn’t be out of place in a Jeb Bush, Mitt Romney, or John McCain White House.

A prime example of that was Reince Priebus, President Trump’s first White House chief of staff. Trump’s initial appointment of Priebus as chief of staff was a confusing one, as Priebus’ establishment credentials all but guaranteed that he would try to bring as many establishment operatives to the White House as possible. By all accounts there was a civil war of sorts within the White House regarding appointments both within the White House and at cabinet agencies, as the pro-Trump insurgent wing fought things out with the establishment and its cadre of opportunistic former never-Trumpers.

While rumors of Priebus’ ouster were at first thought to be a promising sign that the insurgents were winning, Trump’s appointment of Secretary of Homeland Security and former Marine Corps general John Kelly as Priebus’ successor dashed any hopes of that occurring. Kelly immediately cracked down on access to the President, appointing himself as the gatekeeper through whom all information to and from the President was to flow. In less than a month Kelly had forced Steve Bannon out of the White House, and he slowly began to purge the White House of Trump loyalists. Anyone who wasn’t going to go along with Kelly’s organizational plans wasn’t going to last long.

One of the more recent loyalist departures was that of Omarosa Manigault, the former The Apprentice contestant who served as Director of Communications for the White House Office of Public Liaison and who reportedly enjoyed direct access to President Trump. By all accounts Omarosa bristled at Kelly’s attempts to control staffers’ access to the President, and attempted to continue contacting the President directly. Kelly obviously couldn’t handle what he viewed as insubordination and, after a series of scathingly negative articles in the media about Omarosa’s personality and job performance, she was forced out too.

Trump Supporters Replaced With Establishment Figures

It isn’t just the White House that has seen departures either. Cabinet agencies have witnessed similar incidents, such as Tom Price’s resignation as Secretary of Health and Human Services. In Price’s case, as with Omarosa and others, his departure fell into a familiar pattern. The official is targeted for removal, either by disgruntled insiders or outside political opponents, a series of negative articles in the vehemently anti-Trump media ensues, the media continue to fan the flames as long as they can, and eventually the target either resigns or is forced to quit.

In many cases the replacements after these resignations are retreads from previous administrations, or candidates favored by the establishment. For instance, the nominee to succeed Price at HHS, Alex Azar, served as General Counsel and Deputy Secretary at HHS during the George W. Bush Administration before becoming the top lobbyist for pharmaceutical firm Eli Lilly and later President of the company’s US operations. Kelly’s replacement as Secretary of Homeland Security was his chief of staff while at DHS, Kirstjen Nielsen, another veteran of the George W. Bush Administration.

Trump’s replacement for Michael Flynn as National Security Adviser was LTG H.R. McMaster, an Army general whose 1997 book, Dereliction of Duty, was critical of Vietnam-era military leaders for not questioning and criticizing the strategy they received from civilian leaders. McMaster’s deputy national security adviser was Dina Powell, a former managing director and partner at Goldman Sachs, and his pick to replace her is Nadia Schadlow, a member of the Council on Foreign Relations.

The policies these appointees pursue, too, are nothing more than a continuation of some of the worst violations of our freedoms, such as pushing for reauthorization of Section 702 of FISA and forcing states to comply with the REAL ID Act. These appointees and their policies wouldn’t be out of place under any other establishment administration, so how exactly does Trump expect to drain the swamp by appointing these people and why is he doing it?

Foreign Policy Is the Canary in the Coal Mine

President Trump is increasingly hemmed in by the people he has chosen to staff his administration. Kelly is doing his best to control the flow of information to the President so that he can control what ideas Trump can choose from. Kelly’s relationship with Secretary of Defense Jim Mattis, a former Marine Corps general, and National Security Adviser McMaster is said to be a close one, meaning that Trump’s foreign policy will essentially be controlled by generals who have fully embraced the mindset and world view of the military-industrial establishment. Given the trust Trump has placed in “his generals,” it is unlikely that we’ll see a sensible foreign policy coming from the White House any time soon.

Trump’s ambassador to the UN, Nikki Haley, has taken a far more hawkish line than candidate Trump ever did, and has been doing that since day one with no repercussions. Trump’s Secretary of State, Rex Tillerson, recently announced a “new” US policy towards Syria that is committed to the overthrow of Syrian President Assad, a policy whose outcome would have a severe destabilizing effect on the Middle East and whose execution would continue the risk of provoking a war with Russia. The US Senate has increasingly become emboldened in standing up to President Trump too, questioning some of his anti-establishment appointments or, in the case of former Congressman Scott Garrett, Trump’s nominee to head up and reform the Export-Import Bank, rejecting them outright. Establishment figures finally sense that the populist wave that swept Trump into office is subsiding, and they are beginning to feel their oats.

Many in Trump’s electoral base are unaware of the political machinations that are going on to isolate and co-opt the President. They see passage of a tax reform bill, withdrawal from TPP, and continued movement towards building a border wall as signs that Trump is still “winning.” But recent comments from Kelly, who called Trump’s previous stances on immigration and the border wall “not fully informed” make it clear that the cabal encircling the President has its own ideas and will continue working to bring them to fruition. They’ll chip away at Trump and his policy ideas piece by piece until they are able to substitute their own ideas for his.

The establishment’s ideal is to surround the President with policy experts who present him with a limited range of policy options which have the establishment’s stamp of approval, excluding any non-interventionist or outside-the-box thinking. They hope to then get the President to claim their ideas for his own when doing his victory laps, making him think that he was responsible for what are actually the same doomed-to-fail policies that have circulated throughout DC for decades. When things inevitably go belly up, it will be Trump taking the blame in the media while the establishment figures advising him slink back to their think tanks, law firms, or lobbying firms to await the next President they can hijack.

The establishment isn’t averse to using the media to nudge Trump towards their side either, as Kelly’s latest interview indicates. Although there have been some reports that Trump is getting fed up with Kelly, he recently took to Twitter to support his chief, capitulating to the establishment to ensure the appearance of a unified front within the White House. One thing is for sure, there won’t be any changes in the direction of White House policy until Kelly leaves or is fired. But even then, Trump may be so hopelessly encircled by now that he’ll end up picking another establishment chief of staff, perhaps even at the recommendation of those closest to him.

Parallels Between Trump and Reagan

Trump’s current situation brings back memories of President Reagan’s first term, when chief of staff James Baker, a former Democrat and Bush family friend, was able to put his allies in key positions, ensuring that he was largely successful in keeping President Reagan from enacting any real conservative policies or appointing conservatives to key positions such as the Supreme Court. Another poor personnel pick, Treasury Secretary (and later White House chief of staff) Don Regan, chaired the US Gold Commission and was instrumental in neutering the nascent movement to return the US dollar to a commodity standard, thus completely sidelining a policy that was important to Reagan.

What the Reagan Revolution could have accomplished was nipped in the bud, replaced by what we have now come to know as neoconservatism – a focus on hawkish and interventionist foreign policy, making peace with the welfare state, and economic views that pay lip service to free markets while continuing a policy of big government and crony capitalism. Large budget deficits and a series of proxy wars all over the world were the Reagan legacy, and set the pattern for the actions of future Presidents.

Had it not been for the Soviet Union’s collapse and the post hoc ergo propter hoc assignation of the collapse to the Reagan Administration’s military spending, Reagan’s stature would not be nearly what it is today. Unfortunately the timing of that collapse, even though it was economically inevitable, provided neoconservative foreign policy with a shot in the arm that it has continued to ride for the past quarter of a century in an attempt to maintain its veneer of legitimacy.

We’re facing a similar, Reagan-like situation with President Trump now, as the voters who put him into office intending to give Washington the middle finger have found their man stymied at every turn. If Trump supporters fail to understand what is going on and reflexively support everything coming out of the White House because they view it as originating from President Trump, then their ability to actually effect a change in Washington’s policies will be virtually nil.

The policy establishment surrounding the President knows what it wants and has a strategy to achieve it. They believe that dangling red meat issues like the border wall in front of Trump supporters, or occasionally rattling sabers against North Korea or Iran, giving those in the base just a taste of what they want, is enough to keep them placated while the establishment pursues its own ambitions. Trump supporters are still in the honeymoon phase right now, so that strategy may work, at least for the present.

If Trump supporters don’t wake up and recognize what is transpiring very soon, by the time they realize that they’ve been hoodwinked and that Trump has become the establishment’s Manchurian President it will be too late. Any possibility for good that could have come out of the Trump White House will have been squandered and it may take another generation or more before a similar opportunity presents itself.

Tags: FEEDID-6
Previous Post

Coincheck to Reimburse $425 Million to Users Affected by Hack

Next Post

Bond Traders’ Wild Ride in 2018 Is About to Kick Into Overdrive

Related Posts

CME Loses Key Battle in Potentially Costly Trader Lawsuit
Commentary

CME Loses Key Battle in Potentially Costly Trader Lawsuit

December 9, 2021
content

24X5 Options Trading Begins Sunday, November 21

November 22, 2021
News

ICE Notice

October 26, 2021
Next Post
Treasury report for the week of Aug. 29

Bond Traders' Wild Ride in 2018 Is About to Kick Into Overdrive

Please login to join discussion

Search

No Result
View All Result

MrTopStep Live Stream

Popular Posts

  • NYSE Holidays 2020 Stock Market Schedule

    NYSE Stock Market Holidays 2022 | Stock Market Calendar

    3315 shares
    Share 1339 Tweet 824
  • Market On Close: Trend down day and the MOC capitulated but sector wise a bit bullish.

    721 shares
    Share 288 Tweet 180
  • 1920s Stock Market Chart

    585 shares
    Share 234 Tweet 146
  • Introduction to T-Theory – Magic-T

    490 shares
    Share 196 Tweet 123
  • S&P 500 projections: What the locals in the pit think

    348 shares
    Share 139 Tweet 87

The information in these Market Commentaries do not constitute a solicitation of the purchase or sale of any futures or options contracts.

Connect

Facebook Twitter Youtube

Office Hours

Monday-Friday: 7:30 AM- 4:00 PM
Order online 24/7

Ph: (207) 358-8545‬

email: info@mrtopstep.com

We Accept

© 2020 - MrTopStep All Rights Reserved.

No Result
View All Result
  • News
  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
  • Charts
  • Commentary
  • Education
  • NYSE Holidays
  • Video

© 2020 - MrTopStep All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In