Why It Matters That Trump Hoped for a Nation's Failure
Trump is trying to twist the subject -- again. He's trying to claim that Hillary took him to task for just doing business as usual and taking opportunity when it arose. No, not really, she took him to task for explicitly stating... no...HOPING for the housing bubble collapsed so he could make a profit. His response concluded with "I'm a businessman, it's what I do!" Which brings me to the point of Wall Street Regulation and business regulation in general, and a glimpse at our tumultuous relationship with it.
Trump is right, he did what business people all do, seek opportunity and seize it to gain profitability. It is their job, he's right about that, and I have no problem with that. The problem comes in when one hopes a little to hard and begins to create opportunity where people suffer so they can make a further profit. There were BILLIONS secretly bet on the collapse in the stock markets. $40B alone by a single company. What happens when business is betting on the failure of the nation and will make more profit on those bets than our success? Literally betting on us to fail so they can rake in the dollars? We saw the devastating results of that under Bush, results we all know could have been much worse without the safety nets of the last lesson in the 1920's and 30's. We don't need to find out again.
It is how business used to run in the early 1900's, and don't get me wrong it was still far worse than today in many ways; it was an unprecedented failure and has never worked well for the population in general causing untold suffering in a number tangible of ways. We are dangerously close to experimenting deep in that realm again today, and it's foolish to think results will be any different.
There are Republicans out there who want to make it worse, to re-test all those bad theories. Those that wish to eliminate a minimum wage and if an employer wants to pay you $1 an hour, well find another job. If all the employers want to pay you $1 an hour, well you're just a crappy negotiator, it's your fault. There are Republicans who have promoted reducing or even eliminating child labor laws -- because children need to work too especially since they're smaller and we can pay them less because children are notoriously bad negotiators. You shouldn't get overtime, benefits packages are destroying business profitability, and vacation takes away from your employer... all issues we're being forced to relitigate today because of Republican support.
Today, as Trump runs for president, we're to trust that Trump, who is notorious for these types of practices -- hoping for collapses, under paying illegal workers, getting sued for running a scam university which could land him with a federal indictment eventually if legally confirmed as a scam and he took federal loan and grant money for students -- will not seize opportunity in the Oval Office to advance his interests when he's shown already deplorable ethics in his business practices? We're supposed to trust business whose impact on our government we have had growing concerns about now for several decades is going to suddenly develop more concern for our interests if we give them the Oval Office? We've lost our minds.
We're supposed to believe Trump will do the right thing? Just like Dick Cheney did when he didn't seize opportunity to advance his Halliburton stock laughing all the while he drove us straight into Iraq carrying our own WMD -- corporate greed? We argue today that our means of departure was Obama's fault -- even while we ignore it was Bush that signed the agreement to remove all troops and he did it just months after the oil fields were again opened to foreign contractors. In June 2008, Iraq invited foreign bids for support projects to their oil fields for the first time since the early 1970's when the system was nationalized. By September Bush was suddenly negotiating a Status of Forces Agreement to remove US forces from Iraq, an agreement he signed in the very sunset of his presidency on December 14, 2008.
I'm less worried about what kind of fools the Republican party is taking us for these days and far more worried about what kind of fools we're willing to be for them to ram through practices and policies we know are dangerous for the US all for a bloviating mouthpiece who has never shown even an iota of real concern for the success of our nation or our people beyond his own profit margin.