As Donald Trump endlessly told us during the campaign, he built a great great business, a world-class business, one of the greatest businesses ever built. A business so big, maybe huge, that it could lose $1 billion in one year. Now, it appeared that in the last few years that business primarily consists of licensing his name to projects built and financed largely by others. He took great pride in things that he built. Building a hotel, shopping center, the golf course or other types of developments starts with demolishing what is there. Typically there is a plan in place to build on the site. It appears Trump so far focuses on demolishing what has been built over long period of time without any clear idea of the replacement.
His pitch on the campaign was that everything has gone to hell– the economy, the military, education. These things have been stolen from the United States by other countries, notably China and Mexico. Trump has an endless list of promises. He is going to pay for them by requiring other countries in some form or another to give them all back. Thus there will be no cost or deficits. Peter Navarro, his economic guru, tells him the cost can be largely if not entirely paid for by eliminating trade deficits with China. Exactly how this would work is not clear.
Today Trump focused on small businesses. Trump promises a wholesale demolition of regulations that make it impossible to start or expand a small business. If that be true, the regulations in question are largely imposed by state and local governments, not the federal government. During this segment that I saw, no one raised this point.
Trump also stated this morning that no one is being detained at US airports because of his reckless imposition of new travel restrictions. That appears to be inaccurate. Is it a lie to mistate knowable facts when one has the means to determine the accuracy before the statement is made?
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