The Trump Presidency...

I agree if you are talking about social policy in isolation, but what Labour has always shut it's mind to, and the tories are increasingly coy about, is the need for robust, free-market capitalism to pay for their largesse.
The only sure way to hammer this point home is to cap gov't spending by law. Borrowing money is easy when someone else has to pay it back.
Free Trade?
You will be wanting to reform the Corn Laws next, and go back on the Gold Standard.

These are ancient issues, and point to the fact that nothing is ever new under the sun.
The problem is that they are not the same thing.

1)The EU was a very successful Free Trade zone.

We have chosen to leave it. This does not seem to be compatible with a desire for more free trade.

What you are seeing, especially under Trump, is a return to Protectionism, the exact opposite of Free Trade.

2) Government debt is a much more interesting problem.
It was the ability to raise money and spend it far in excess of what the economy generated that allowed the British to beat Napoleon, and spend the Nazis and Communists into the ground.

It is interesting that you consider the incredibly retrograde move of limiting Government spending to government income a wise one.

It smacks of the medieval period, where the "king must live of his own" and all day to day expenditure came from the Royal budget, and additional taxes had to be voted for wars.
This worked so badly that after the Civil War caused by King Charles trying to do exactly this, it was quietly binned in 1698 when the Civil List was brought in.

Capping expenditure by law was tried most recently in the States by the Tea Party Republicans Budget Control Act 2011.
It failed. Badly. The reason? Because it limits the Government's power to react to events, and its ability to reward it's voters.

It appears that the dominant political approach at the moment is to apply narrow and parochial microeconomic solutions to macroeconomic problems.
 
In other breaking news Trump is now getting into it with Iran. The counter threat via tweet has been delivered. If this keeps up Russia won’t even be a memory by Friday. It’s like the Iranians just handed the man a get out of jail free card.
No. It is like he has hysterically over reacted to a routine piece of Iranian windbaggery ("Death to the Great Satan", yawn...)
in order to distract people from his treasonous junket in Helsinki.
 

Pob02

LE
Book Reviewer
Ah yes, that fine institution with which everyone was satisfied with right up until "but Trump", when it became broken, corrupt, out of date and unacceptable.

That Electoral College?
Except that your above post is inaccurate. There has certainly been attempts to amend/ remove this system before.

Here you go, have some education: 2016 Article about Electoral College reform
 
Ah yes, that fine institution with which everyone was satisfied with right up until "but Trump", when it became broken, corrupt, out of date and unacceptable.

That Electoral College?
The Electoral College which most Americans have been dissatisfied with in the post war era but a few became more satisfied with when it punished a party which had had the temerity to sully the Oval Office with a blackamoor who wasn't just serving the coffee.

That Electoral College.
 
Free Trade?
You will be wanting to reform the Corn Laws next, and go back on the Gold Standard.

These are ancient issues, and point to the fact that nothing is ever new under the sun.
The problem is that they are not the same thing.

1)The EU was a very successful Free Trade zone.

We have chosen to leave it. This does not seem to be compatible with a desire for more free trade.

What you are seeing, especially under Trump, is a return to Protectionism, the exact opposite of Free Trade.

2) Government debt is a much more interesting problem.
It was the ability to raise money and spend it far in excess of what the economy generated that allowed the British to beat Napoleon, and spend the Nazis and Communists into the ground.

It is interesting that you consider the incredibly retrograde move of limiting Government spending to government income a wise one.

It smacks of the medieval period, where the "king must live of his own" and all day to day expenditure came from the Royal budget, and additional taxes had to be voted for wars.
This worked so badly that after the Civil War caused by King Charles trying to do exactly this, it was quietly binned in 1698 when the Civil List was brought in.

Capping expenditure by law was tried most recently in the States by the Tea Party Republicans Budget Control Act 2011.
It failed. Badly. The reason? Because it limits the Government's power to react to events, and its ability to reward it's voters.

It appears that the dominant political approach at the moment is to apply narrow and parochial microeconomic solutions to macroeconomic problems.
1. If this is true then why do we have a deficit with the EU, and a surplus with non-EU trade. Because it is not a free-trade area in services. In goods it suits Germany very well indeed.
2. Thanks for the history lesson, most of which I was aware of. I am not, of course, advocating a return to feudalism or an end to borrowing, merely a cap on GDP% available to Government as an incentive to prioritise growth over spending.
 
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The Electoral College which most Americans have been dissatisfied with in the post war era but a few became more satisfied with when it punished a party which had had the temerity to sully the Oval Office with a blackamoor who wasn't just serving the coffee.

That Electoral College.
I thought you were above the "reductio ad blackamoor" argument.
 
1. If this is true then why do we have a deficit with the EU, and a surplus with non-EU trade.
Sigh. Because that is how trade works.
That is exactly the kind of zero sum thinking Trump does. "I win. You lose".

Here is a hint. You don't always run at a profit. If you try and rig the market through protectionism so that you always win, other people don't trade with you.

I suspect we run at a surplus in non EU trade because we import a lot of basics, but a lot of other stuff passes through us on its way to Europe.

Also our services sector is huge. We do a lot of business in the invisibles financial area. We aren't a global manufacturing colossus.
We are middlemen and Savile Row bespoke products.
 
In other news the economy is the most important mid term issue, and Trumps approval rating ticked up to 45 percent. Helinski what.....????

He screwed up Russia badly by all accounts, but the economy is his saving grace. Domestic issues first foreigners last.


NBC/WSJ poll: Public gives Trump thumbs down on Russia, thumbs up on economy

The media only helps the man.
As long as the economy chugs along good, people have jobs and are getting paid, other non-U.S. affairs don't really matter to your average Joe on the street. Most of the hand wringing is done by what your average person calls "the elite."
 
The Republicans can nominate anyone and for whatever reason, they chose Trump as their candidate. Hillary was the Antichrist for many - career politico who had an unlikeable personality. The Dems should’ve known better, but they misjudged the voter base and assumed Trump wouldn’t gain traction.

Nothing to do with the Dems, the fault lies squarely with those who voted for him, they can try and justify it all they want, the fact remains they voted for that moron.
 
Ah yes, that fine institution with which everyone was satisfied with right up until "but Trump", when it became broken, corrupt, out of date and unacceptable.

That Electoral College?
I think most people agree that the system is a bit messed up, but they don't want to rock the boat. It's a convenient thing to blame on for the losing party.
 
Still not entirely sure what Trump has actually done to the economy
F-all? Apart from some cuts which do put some extra money to those concerned and cuts in regulations. Most of the current positive numbers are a continuity of the recovery from 2008 crisis. No one, and I do mean no one, can change the course of an economy this big in the course of a year or so. This is like a massive oil tanker which takes for ever to alter course. Trump's actual effect on the economy will be felt towards the end of his first term. That's when you can actually judge the performance.
 
As long as the economy chugs along good, people have jobs and are getting paid, other non-U.S. affairs don't really matter to your average Joe on the street. Most of the hand wringing is done by what your average person calls "the elite."
Yup, it is pretty easy to be isolated from the World here in flyover country..
 
1. If this is true then why do we have a deficit with the EU, and a surplus with non-EU trade. Because it is not a free-trade area in services. In goods it suits Germany very well indeed.
2. Thanks for the history lesson, most of which I was aware of. I am not, of course, advocating a return to feudalism or an end to borrowing, merely a cap on GDP% available to Government as an incentive to prioritise growth over spending.
As a pointed out : what you are advocating has been tried.
It failed every previous time.
What on earth makes you think it will work next time?
What is this strange"Growth" creature that you seem to be pinning your hopes on?

It that the same "Growth" that has averaged a few percentage points a year for most of the last century, except for rapidly industrialising third world nations like China? Most of which have exploited wage differentials to take manufacturing from First World nations?

How are you planning to grow?
Do tell.
Then send your cunning plan to
HM Treasury
C/o 11 Downing Street.
 
I should see someone about a possible growth mate, you are starting to sound hysterical.
 

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