The primary political impact of this (Trump's economic speech yesterday) speech should be to permanently cure any misguided soul from ever using the term “populist” with connection to Donald Trump. He may grunt and snarl about renegotiating trade deals and bringing all the jobs back from China, but when he is actually forced to author economic policy proposals, they invariably redound to the benefit of the wealthy. Even the child-care policy he laid out this week is aimed primarily at rich people by making childcare expenses (which the wealthy pay more of) tax deductible.
That’s what Trump has to do to keep senior Republicans from abandoning his campaign en masse. He’s figured out that they’re willing to tolerate pretty high levels of overt racism and hyper-nationalist conspiracy theories so long as they’re reassured that, at the end of the day, the wealthy will get their taxes cut. He’ll give them just enough of Mitt Romney to help them forget he’s Donald Trump.
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