Wrecking Ball: Trump vs. Obamanomics

London’s Daily Mail reported this.
There are fundamental philosophical problems with all economic statistics. They are objective measures. But people are not the same. They do not agree on the relevance of the measures. Climate, free trade, health care, immigration, foreign policy — the 45th US president has set about undoing just about everything done by the 44th.
All new presidents, of course, break with their predecessor once in the Oval Office, especially if they come from a rival political party.
But what is striking is how systematic the hammer blows to Obama’s legacy have been.
And rather than throw his weight behind new policies or projects, Trump has shown a willful desire to unpick, shred and erase everything his predecessor accomplished.
This is an accurate assessment. Trump has gotten nothing through Congress, but by the powers that are invested in the presidency, he is getting rid of Obama’s programs.
Trump is not consistent ideologically. He is very consistent politically. He doesn’t like Obama’s legacy. He is going to shred it. Because so much of Obama’s program was done through executive orders, it can be repealed by executive orders. This is what Trump has begun to do.
The most important thing that he has done so far is to destroy the Trans-Pacific Partnership. That monstrosity is not going to come back. This program had been part of the American establishment’s goal for at least a decade, and it really goes back to the original goals of the Trilateral Commission from its origin in 1973. In one fell swoop, he ended it.

This post was published at Gary North on October 17, 2017.