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U.S. Bureaucrats Trump and Pompeo Silent on the Importance of Economic Policy

I heard some of the Sunday news shows on Bloomberg Radio, Fox News Sunday, ABC This Week, Meet the Press with Chuck Toady and Fake the Nation with CBS newsbimbo Margaret Brennan, and Mike Pompeo appeared on at least three of these shows.

The big thing is Venezuela. Like most U.S. bureaucrats, Pompeo is obsessed with “democracy” and installing a favorable regime. He’s constantly saying things like, “This is the Venezuelan people attempting to reestablish their democracy. The United States has joined with them…Our mission is to work with a large coalition, now 50 countries-plus who are determined to restore democracy and then, ultimately, a productive economy to Venezuela.”

Okay, just how will “democracy” lead to a “productive economy”? Why is it that politicians are so obsessed with elections and getting the “right people” in charge? Conservative President Ronald Reagan imposed tax cuts, and then tax hikes and he expanded the bureaucracy. The economic boom of the mid-1980s led to the stock market crash of 1987 and a recession that got even worse thanks to H.W. Bush. But the Democrat Clinton administration saw another economic boom throughout the 1990s.

I know, it’s not exactly Venezuela. But the U.S. wants to install some guy now they see as favorable. The problem is not who is in charge.

The problem in Venezuela has been mass starvation. The government seized the means of production and distribution of food. When government owns the means of production, which is what socialism is, that causes shortages, empty store shelves, long lines and chaos. In the case of food production and distribution, when those means of production are in private ownership and control, as is the case here in the U.S., prices are more stable, shortages are avoided, and we don’t have long lines for food. Just look at the food stores in the U.S.: fully stacked shelves, plenty of choices at affordable prices.

But why don’t our politicians like Pompeo and Trump use their positions as a bully pulpit and state those differences outright? Instead, they are concerned about “democracy.” As Jacob Hornberger pointed out, the U.S. government’s chosen leaders of other regimes have been failures.

I don’t think that U.S. bureaucrats think in terms of free markets any more, if they ever did in the first place. They are bureaucrats. They think in terms of elections and voting. And control.

And Donald Trump with his obsession with tariffs. Tariffs are taxes, but really they are fines. The government is imposing a fine on American producers and consumers for buying stuff that these idiot government bureaucrats don’t want people to buy. Just look at the anti-free market Trump with his typical government bureaucrat control-freak attitude.

And Trump’s tax cuts are also a sham. They probably helped in the short term to stimulate the economy. But they expire in just two or three years, and then there will be a tax hike when they expire. Typical bureaucrat shyster.

These Trump and Pompeo people won’t suggest to the Venezuelan people that a return to free markets will enable them to have access to food, because these U.S. bureaucrats are so against free markets. Instead, they are obsessed with control, with government-controlled economies, and their beloved police state.

Published inAuthoritarianismEconomicsFree marketSocialismTaxationTrade