Skip to content

The corrupt rot of Trumpism

The corrupt rot of Trumpism

by digby

Paul Krugman makes an important observation. (Via twitter)

Trump threatened a vulnerable nation by withholding aid, using the threat to extract help against his domestic rivals. What’s not being widely noted is that the same thing is happening to U.S. corporations

Even as the impeachment hearings were going on, Trump made a bizarre appearance at an Apple plant, making a series of false claims about both Apple and his own policies. And Tim Cook just stood by silently

No, That Mac Factory in Texas Is Not NewPresident Trump said on Wednesday that he opened a facility that makes computers for Apple. It’s been operating since 2013.https://www.nytimes.com/2019/11/20/us/politics/trump-texas-apple-factory.html?smid=nytcore-ios-share&module=inline

Why the acquiescence? Trump’s tariffs aren’t being applied uniformly; there have been many “exclusions” based purely on the administration’s judgment. Apple wants some of those

Trump Floats Tariff Exclusions for Apple at Texas Manufacturing PlantThe president suggested that a trade deal with China remains some distance off, but said he would “look into” Apple receiving exemptions from more tariffs.https://www.nytimes.com/2019/11/20/business/trump-apple-tariffs.html

If you don’t think political support for Trump is crucial for getting tariff relief, I have a degree from Trump University you might want to buy. In fact, Chad Bown, the go-to guy on the trade war, warned about this months ago

The Trade War Will Catch Up to TrumpSo far, the response to the president’s tariffs has been surprisingly quiet. But that won’t last forever.https://www.theatlantic.com/ideas/archive/2019/09/trump-trade-war-muted/597676/

And does anyone really believe that it’s just trade policy? Amazon may not be able to prove that it was denied a Pentagon contract because Trump hates the Washington Post, but does anyone really believe that the process was squeaky clean? washingtonpost.com/technology/201…

It’s hard to feel sorry for big corporations, but they aren’t the real victims here. The Ukrainification of corporate America is yet another front in the assault on democracy

Published inUncategorized