1. He told you he’d cut your taxes, and that the super-rich
like him would pay more. You bought it. But his new tax law does the opposite.
By 2027, according several nonpartisan analyses, the richest 1 percent will
have got 83 percent of the tax cut and the richest 0.1 percent, 60 percent of
it. As Trump told his wealthy friends at Mar-a-Lago just days after the tax
bill became law, “You all just got a lot richer.”
2. He promised to close “special interest loopholes that
have been so good for Wall Street investors but unfair to American workers,” especially the notorious
“carried interest” loophole for private-equity, hedge fund, and real estate
partners. You bought it. But the new tax law keeps the “carried
interest” loophole.
3. He told you he’d repeal Obamacare and replace it with
something “beautiful.” You
bought it. But he didn’t repeal and he didn’t replace. (Just as well: His plan
would have knocked at least 23 million off health insurance, including many of
you.) Instead, he’s doing what he can to cut it back and replace it with
nothing. The new tax law will result in 13 million people losing health
coverage, according to the Congressional Budget Office.
4. He told you he’d invest $1 trillion in our nation’
crumbling infrastructure. You bought it. But after his giant tax cut for
corporations and millionaires, there’s no money left for infrastructure.
5. He said he’d clean the Washington swamp. You bought it. But he’s brought into his administration
more billionaires, CEOs, and Wall Street moguls than in any administration in
history, to make laws that will enrich their businesses, and he’s filled
departments and agencies with former lobbyists, lawyers and consultants who are
crafting new policies for the same industries they recently worked for.
6. He said he’d use his business experience to whip the White House into shape. You bought it. But he has created the most dysfunctional, back-stabbing White House in modern history, and has already fired and replaced so many assistants (one of them hired and fired in a little more than a week) that people there barely know who’s in charge of what.
7. He told you he’d “bring down drug prices” by making
deals with drug companies. You
bought it. But now the White House says that promise is “inoperative.”
8. He promised “a complete ban on foreign lobbyists raising
money for American elections.” You
bought it. But foreign lobbyists are still raising money for American
elections.
9. He told you “I’m not going to cut Social Security like
every other Republican and I’m not going to cut Medicare or Medicaid.” You bought it. But he and
House Speaker Paul Ryan are already planning such cuts in order to deal with
the ballooning deficit created, in part, by the new tax law for corporations
and the rich.
10. He promised “six weeks of paid maternity leave to any
mother with a newborn child whose employer does not provide the benefit.” You bought it. But the giant tax cut for corporations and the
rich doesn’t leave any money for this.
11. He said that on Day One he’d label China a “currency
manipulator.” You bought it. But then he met with
China’s president Xi Jinping and declared “China is not a currency
manipulator.” Ever since then, Trump has been cozying up to Xi.
12. He said he wouldn’t bomb Syria. You bought it. But then he
bombed Syria.
13. He said he’d build a “wall” across the southern border. You believed him. But there’s
no money for that, either. Chief of staff John Kelly says it is “unlikely that
we will build a wall, a physical barrier, from sea to shining sea.”
14. He promised that the many women who accused him of
sexual misconduct “will be sued after the election is over.” You bought it. He hasn’t sued
them, presumably because he doesn’t want the truth to come out.
15. He said he would not be a president who took vacations. “I would not be a president
that takes time off,” he promised, and he called Barack Obama “the
vacationer-in-Chief.” You bought it. But since becoming President he has spent
nearly 25 percent of his days at one of his golf properties for some portion of
the day, according to Golf News Network, at a cost to taxpayers of over $77
million.
That’s already more taxpayer money on vacations than Obama cost in the first 3 years of his presidency. Not to mention all the money taxpayers are spending protecting his family, including his two sons who travel all over the world on Trump business.
That’s already more taxpayer money on vacations than Obama cost in the first 3 years of his presidency. Not to mention all the money taxpayers are spending protecting his family, including his two sons who travel all over the world on Trump business.
16. He said he’d force companies to keep jobs in America,
and that there would be “consequences” for companies that shipped jobs
abroad. You believed him. But despite their
promises, Carrier, Ford, GM, and the rest have continued to ship jobs to Mexico
and China. Carrier (a division of United Technologies) has moved ahead with
plans to send 1,000 jobs at its Indiana plant to Mexico.
Notwithstanding, the federal government has rewarded United Technologies with 15 new contracts since Trump’s inauguration. Last year, Microsoft opened a new factory in Wilsonville, Oregon, that was supposed to herald a new era in domestic tech manufacturing.
But in July, the company announced it was closing the plant. More than 100 workers and contractors will lose their jobs when production shifts to China. GE is sending jobs to Canada. IBM is sending them to Costa Rica, Egypt, Argentina, and Brazil. There have been no “consequences” for sending all these jobs overseas.
Notwithstanding, the federal government has rewarded United Technologies with 15 new contracts since Trump’s inauguration. Last year, Microsoft opened a new factory in Wilsonville, Oregon, that was supposed to herald a new era in domestic tech manufacturing.
But in July, the company announced it was closing the plant. More than 100 workers and contractors will lose their jobs when production shifts to China. GE is sending jobs to Canada. IBM is sending them to Costa Rica, Egypt, Argentina, and Brazil. There have been no “consequences” for sending all these jobs overseas.
17. He promised to revive the struggling coal industry and
“bring back thousands” of lost mining jobs. You bought it. But coal jobs continue to disappear.
Since Trump’s victory, at least 6 plants that relied on coal have closed or
announced they will close. Another 40 are projected to close during the
president’s four-year term. Utilities continue to switch to natural gas instead
of coal.
18. He promised to protect steel workers. But
according to the American Iron and Steel Institute, which tracks shipments,
steel imports were 19.4 percent higher in the first 10 months of 2017 than in
the same period last year. That import surge has hurt American steel workers,
who were already struggling against a glut of cheap Chinese steel. For example,
ArcelorMittal just announced it will soon lay off 150 of its 207 steel workers
at its plant in Conshohocken, Pennsylvania.
19. He said he’d make America safer. You believed him. But
according to Mass Shooting Tracker, there have been 377 mass shootings so far
this year, including 58 people killed and hundreds injured at a concert in Las
Vegas, and 26 churchgoers killed and 20 injured at a church in Texas. Trump refuses
to consider any gun controls.
20. He said he’d release his taxes. “I’m under a routine audit and
it’ll be released, and as soon as the audit is finished it will be released,“
he promised during the campaign. He hasn’t released his taxes.
ROBERT
B. REICH is Chancellor's Professor of Public Policy at the University of
California at Berkeley and Senior Fellow at the Blum Center for Developing
Economies. He served as Secretary of Labor in the Clinton administration, for
which Time Magazine named him one of the ten most effective cabinet secretaries
of the twentieth century. He has written fourteen books, including the best
sellers "Aftershock", "The Work of Nations," and "Beyond
Outrage," and, his most recent, "Saving Capitalism." He is also
a founding editor of the American Prospect magazine, chairman of Common Cause,
a member of the American Academy of Arts and Sciences, and co-creator of the
award-winning documentary, INEQUALITY FOR ALL.