Tuesday, March 7, 2017

Where Alternative Facts Fail

Trump has learned that he can lie about anything and his core base will accept his alternative facts.  That allows him to blackmail Republicans in areas where Trump is very popular.  They all worry about what might happen to them after negative tweet from The Donald.  This article from Yahoo Finance provides links to many of the alternative facts that Trump tweets to his devotees.  More importantly, it argues that there is a place where alternative facts will not work.  The market is data driven and it usually corrects itself in response to facts. The economy will not grow and replace lost jobs for his base just because he tells them to believe in his magic.  They will only get new or better jobs if they have the skills that businesses are demanding.  His supporters who are doing nothing to make themselves more employable will soon learn that reducing the number of immigrants, or taxing imports, is the wrong kind of magic.  When they fail to get the jobs that they are waiting for, Trump will do what he always does.  He will find somebody else to blame.  He is a master at the blame game and his base, which is information poor, will join him in the blame game.

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