It’s feeling like 1929 out there. From John Galt at johngaltfla.com:
In ancient days, to avoid the wrath of a Rome, the wealthy would often offer tribute in many forms as a sign of submission and obedience to the rule of the emperor.
Based on what happened in the past week, I’m beginning to believe that America has once again closed that circle.
Now why would the CEO of Apple offer a 24 karat gold base trophy to Trump along with more empty promises to move more manufacturing for Apple products with a further $500 billion investment into the United States?
Perhaps it had to do with granting exemptions for the iPhones produced in India:
The very same iPhones that Trump convinced Apple to move production from China to India in 2018 and when Apple resisted this idea Trump threatened to impose tariffs on Apple. At the same time all of this occurred, what did Apple’s Tim Cook do in 2018?
The exact same thing in January of 2018(via The Verge):
Apple commits to contribute over $350 billion into US economy over the next five years
Once President Trump got his “tribute” in 2018, the idea of imposing tariffs on Apple products produced exemptions and the same thing happened again this past week. The public spectacle of the offering was enough to satisfy Trump’s ego and once again stroke the illusion that public-private partnerships can work in the modern economy.
Sad as that sounds, we’ve just gone full circle from the Obama era labels of “crony capitalism” in an attempt to rename the label of broccoli-cauliflower ice cream and convince everyone it’s actually birthday cake flavored.
This is nothing new in American history as Presidents have been so apt to demonstrate.
Trump Populism or is it Teddy Roosevelt Republican Progressivism ?
After earning the reputation for trust busting after becoming President in 1901, Theodore Roosevelt, much like Donald Trump showed his progressive side by engaging in the age old act of crony capitalism cutting deals with his enemies.
The breaking up of J.P. Morgan’s Northern Securities Trust by Roosevelt’s administration was seen as a turning point in the monopolistic behavior of that era. However, Roosevelt, much like Trump was easy to sway when he needed to use that portion of his “Three C’s” strategy to control corporations to achieve his goals.
It’s a good thing that we have Magic Soil for the move the whole world out to Palookaville plan to keep the Ponzi going a little while longer.
Former rural route farmland is now Section 8 apartments for the replacements.
Let them eat particle board?
They are supposed to be working on a commie roundabout at the county line but haven’t started yet, moving in tens of thousands with the same two lane roads from the 1960s be like all smart n’ stuff.