So Much Losing… The End of Year One in Donnieland
Trump repeated his assertion that he’d “ended eight unendable wars in 10 months”, an exaggerated claim similar to one we rated Mostly False. He also said “no president’s probably ever settled one war,” which we rated False.
- Fact-checking US President Trump’s speech marking one year in office - Aljazeera
By Gregg Wall (1-24-2025)
Trump voters got taken for a ride, again. What else is there to say at the closeout of year one, second term. If we are honest with ourselves, would it be any different if Kamala was in charge? As I have stated many times, push the culture wars aside, and the two major parties – answering to billionaires & Wall St. - are fundamentally identical on the economy and foreign policy. If anything, the affordability crisis, healthcare, housing, genocide in Palestine and the Ukraine, under a Kamala government, may have been worse, certainly no better. Dem ’28 front-runner, Governor Gavin Newsom, was popping off at Davos this week. Mr. Newsom is deeply upset about the fascism that has descended upon the United States, indeed the world, the Venezuela shakedown, the police state inside America, the neo-Nazi ICE goons, courtesy of Team Trump. And to be honest, there was very little I disagreed with Mr. Newsom about, except for one glaring omission.
Trump didn’t appear out of nowhere. Like all demagogues and fascists, Trump had considerable help in his rise, from centrism, corporatism, the establishment, a failed state, neoliberalism, what the MSM likes to refer to as moderates… “moderates” are right-wing American politicians (Dems & GOP), practiced in the art of insider trading, on the take, on the make, entirely corrupt, and entirely owned. If the United States was actually a functioning democracy -- that actually took care of its citizens, instead of dumping welfare on billionaires, multinationals, wars, and Wall ST -- would the American people have rolled the dice again on a right-wing dictator, an oligarch? Assuredly not.
What the California governor conveniently left out of his Davos rant is that his party was in power, not once but twice, before Trump came to power. That, at the end of the day, as the alleged opposition party (in reality, controlled opposition), Dems are responsible for Trump’s rise. Obama had an opportunity, as well as Joe Biden… but both “leaders” failed the American people, indeed the world, in spectacular fashion. And even if they, Obama and Biden, didn’t feel that they could bring about the change necessary to prevent someone like Trump from coming to power, they had a duty to inform the public, to spell out to the world in no uncertain terms, what was wrong with the United States and what should be done to correct the country. Here, I’m thinking of the greats … like Lincoln, FDR, Eisenhower (and his farewell address) … leaders who did not hold back, who laid it on the line and left it all on the playing field (with their very lives). We saw some of that from the Canadian PM this week, Mark Carney, who has made the fateful decision in the last couple of weeks to be something bigger than himself: a politician who has seen reality and chosen to act. In this instance, in Carney’s case, by opening trade with China and spelling out the end of the rules-based order at Davos. Carney’s speech, this week, was a profile in courage. Acknowledging that the rules-based order was nothing less than American hegemony & tyranny … the rules-based order a sham, selectively applied (that Canada and the EU were willing to accept this charade, often at the expense of the Global South, because they received free defense as part of the quid pro quo). To be sure, PM Carney was a great deal more polished about the cold, grim realities I am laying down here, but he certainly opened the conversation. And Carney’s speech certainly hit home, because Trump & Co. haven’t shut up about Canada since. As for China, the conservatives inside Canada and the US quickly went on the warpath against Carney’s decision… trotting out lame lines about climbing into bed with communism, the instability of China, the national security threat, humanitarian & human rights concerns, the lack of gratitude to our American neighbor, the threat to Canadian jobs. When, if Canadians are completely honest, the biggest illustration of a command/wartime economy, the creator of instability, Canada’s all too real national security threat, the godfather of human rights abuses, the complete lack of gratitude, the threat to Canadian jobs… comes directly from the United States under POTUS Trump.
Odd, I don’t recall Chairman Xi screaming to make Canada his 24th province.
So, back to Trump, in 2025 Trump revealed that he’s no agent of change, no prince of peace, and will do everything to enrich himself, the oligarchy, kowtow to Israel, and keep the United States government opaque, failing to release the Epstein materials (as of this writing, now more than 30 days past his own deadline). What has Trump achieved: He’s failed on affordability, which enriched Wall St and monopolies immensely… there’s never been a better time to be a shareholder or in management in America’s monopoly, crony economy… or part of Team Wall St.- Financialization. As for the American people, the bottom sixty to seventy percent are being crucified, slammed by ever-escalating prices, unaffordable healthcare, wages that have not kept up with greedflation, and yet, another tax, a devalued & depreciated US dollar (with declining purchasing power). Donnie made his billionaire friends fabulously rich with his Big, Beautiful Bill. DOGE, by all accounts was a failure, and yet it was a win for billionaires and the Silicon Valley venture capital set & Palantir: eliminating government jobs, hoovering up government data, monetizing and privatizing government, and providing justification for passage of Trump’s BBB. DOGE was an abject loser for the American people, especially with its attack on Medicaid, Social Security, and Medicare… but a huge win for oligarchy. Trump lost bigly with the American people on the genocide in Gaza, the genocide in the Ukraine, starting up wars with Greenland, Iran, and Venezuela, sucking up to AIPAC and King Bibi… but more importantly, he won with the Zionist princess, Adelson, he won with Peter Thiel of Antichrist & Palantir fame, and he won with billionaires who profit from endless wars, empire, and nonstop violence. In short, in year one, the American people lost, and the American oligarchy – as well as the global oligarchy – won.
America’s healthcare insurers have to be pleased. Another year has come and gone and they still exist, despite the fact that America’s healthcare is twice the per capita cost of most peer nations… not, as alleged by Donnie, because Canada and the EU are receiving a free ride off the United States but because their politicians actually stand up for their citizens and demand that healthcare companies, insurers, and Big Pharma not rip off their respective nations. Trump successfully achieved an ICE police state … attacked, incarcerated, and murdered Americans & immigrants… enriched military contractors that armed ICE and the police state immensely (along with for-profit prison contractors, et al).
Trump’s tariffs were a huge win for Wall St and administration insiders and GOP leaders in congress… as they, likely, front ran foreseeable market action and made a killing. And then, likely, made yet another fortune, as Trump TACOed and reversed course yet again, generally 24 to 48 hours later. The Street and insiders love volatility, especially when they’ve been tipped off? All and all, Trump successfully outraged the world, friends and foe alike, while alienating the American people; all in all, in year one, Trump enriched himself and his friends, while the American people have never been poorer, more distraught, more runover. Which appears to have been the pedo elite’s objective. Fond of using the royal “we,” Trump loves to tell the American people how the latest invasion or scam is going to make them all rich, when the only parties growing rich are his family, billionaire donors, multinationals, Wall St, and military contractors. Trump conveniently seems to forget, or simply does not care, that his administration’s ability to loot, pillage, and steal doesn’t trickle-down to the American people.
Trump’s Golden Era… reduced to being a crude and unwelcome, Golden Shower.
If we are completely honest with ourselves Trump did a couple of positive things this year, and that is recognize his affordability crisis is caused by laissez-faire & deregulation, that is to say, allowing billionaires, monopolies, and Wall St to ripoff the American people with impunity. Trump has been on a tear: proposing ten percent caps on credit cards, no more financial engineering for unaudited defense contractors, kicking institutional investors out of residential homes & apartments. All of this with predictable push back and misinformation from the billionaire and Wall St set, like Trump’s proposals will destroy the economy and jobs. (Just like the 90% - plus income tax rate for the rich, destroyed the economy in white America’s favorite period… Eisenhower’s 1950s. Of course, the 90% - plus tax rate didn’t destroy America’s economy and our debt to GDP ratio, by the time Ike left the White House, was approximately 54%.)
None of this, the beginning of an industrial policy has happened yet, but we appear to have a beginning, finally, of an industrial policy to go along with our Orwellian command economy, our totalitarian economy, dominated by: cartels, financialization, greed, monopolies, oligarchy, private equity, speculation, Wall St, and the war -with the world- time economy… fully backstopped by the US taxpayer, exorbitant privilege, and federal reserve accommodative monetary policy (roughly 40% of GDP is government spending). What is clear, America’s industrial policy, since Reagan, allowing the wealthy and Wall St to do whatever they want, including offshoring the U.S. economy, has been an unqualified disaster.
That is to say, and as much as I hate to give Trump credit, he’s the first to acknowledge that allowing billionaires, banks, concentrated capital, monopolies, and private equity to openly prey upon and steal from the American people… and aggregate the spoils of the economy and government into the hands of a rapacious few… isn’t working. Not unlike Carney acknowledging the Western rules-based order is a sham, Trump’s open acknowledgement that laissez-faire and neoliberalism aren’t working is monumental. In short, we’ve met the agents of greedflation & six, going on seven years of skyrocketing prices… they’re all Trump’s donors and friends. If anyone knows this tribe, many paying bribes to his administration, Trump knows. Hell, he’s an expert. Will Trump follow through, will Wall St go along with Trump’s proposals, and will our intensely corrupt congress actually pass legislation to make Trump’s nascent efforts to rein in corporate greed a reality? Probably not.
Another complement is that Trump, at times, is the most transparent President we’ve had, perhaps in the history of the nation. Are the establishment and Trump in the Epstein documents and files? Absolutely, so Trump in transparent fashion stonewalls. Is Trump running a fascist police state -- a dumping ground for January 6 deplorables, haters, and white supremacists -- you better believe it. It’s as undeniable as Gator Alcatraz. Is America an empire in terminal decline and wholly dependent upon debt, deficits, and war… at the moment, that’s a yes, yes, yes, and yes. The administration keeps coming up Nazi. Trump, by some accounts, really did read the Hitler playbook. Hence, his overarching goal to save the United States, more importantly, the U.S. dollar, and keep the good times of looting and stealing (for Team Trump) rolling forward: adopting the Hitler playbook of world domination; stealing the gold, minerals, and resources of newly conquered nations; and backstopping & resurrecting the petrodollar, by making a 19thcentury fuel source – oil & gas – great again. Will Trump use conquered nations and demand that they purchase Treasuries with long tails and zero coupons (that can’t be traded)? … that’s what Hitler did. See also the Mar-A-Lago Accords. Give the devil his due, at this point, it’s readily apparent as to what Team Trump is up to: Making Themselves Richer Still Again. Trump is telegraphing his blows, in a warning to the world.
And the final Trump positive: Billionaires are increasingly revealed as little more than a band of criminals, thieves… many possibly, even pedos… lawless thugs, and murderers. With no special abilities, surrounded in hype, welfare from the state, socialism for the one percent. Parasites attached to the federal reserve, the state, and the American taxpayer. Entirely ruthless and malign. We can thank Trump for puncturing the myth and revealing this truth to the nation and the world. And that concludes 2025.
Buckle in, put on your helmets, 2026, year two, for scribes and independent journalism, promises to be quite a ride.
Copyright JM Hamilton Publishing 2026
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