President Trump ran on a slogan of "Make America Great Again", MAGA on his campaign merchandise. His actual platform consisted largely of protectionism for various old-line industries like steel, coal, and manufacturing, on the theory that this would restore jobs to the American Rust Belt, a geographic area that's been hard-hit by the shift to the information-age economy. It also included a heavy dose of anti-immigrant sentiment and opposition to policies like net neutrality that the tech industry heavily favors.
dfee is pointing out that the initials of the top-4 most valuable U.S. companies also spell out MAGA - Microsoft, Apple, Google, Amazon. And this is hugely ironic, because the employee base at these companies skews heavily towards Trump's opposition party. And is largely composed of immigrants. And they are headquartered in regions - Seattle and Silicon Valley - that are overwhelmingly anti-Trump. And he has been not all that friendly towards them.
And yet one of the greatest accomplishments he takes credit for during his presidency is the surging stock market. Which is largely driven by these MAGA tech stocks. So the actual beneficiaries of this newfound wealth are Bay Area homeowners, who hate him, and Indian & Chinese engineers, who hate him, and other young Americans who work for these companies, who by and large hate him.
Meanwhile the primary effect of the tariffs that were supposed to "Make America Great Again" has been to trigger stiff retaliatory tariffs on rice & soybean farmers, who are staunch Trump supporters. And the primary effect of his anti-immigration policies has been to deport small business owners in the Midwest or migrant farm workers in California's Central Valley, both areas that strongly support him.
Fantastic write-up, I commend you for writing the above in a way that feels factual and non judgmental. Rare to run into writing like that, that doesn't immediately reveal one's political allegiances. Got a Twitter or some other outlet of your writing that one can follow?
dfee is pointing out that the initials of the top-4 most valuable U.S. companies also spell out MAGA - Microsoft, Apple, Google, Amazon. And this is hugely ironic, because the employee base at these companies skews heavily towards Trump's opposition party. And is largely composed of immigrants. And they are headquartered in regions - Seattle and Silicon Valley - that are overwhelmingly anti-Trump. And he has been not all that friendly towards them.
And yet one of the greatest accomplishments he takes credit for during his presidency is the surging stock market. Which is largely driven by these MAGA tech stocks. So the actual beneficiaries of this newfound wealth are Bay Area homeowners, who hate him, and Indian & Chinese engineers, who hate him, and other young Americans who work for these companies, who by and large hate him.
Meanwhile the primary effect of the tariffs that were supposed to "Make America Great Again" has been to trigger stiff retaliatory tariffs on rice & soybean farmers, who are staunch Trump supporters. And the primary effect of his anti-immigration policies has been to deport small business owners in the Midwest or migrant farm workers in California's Central Valley, both areas that strongly support him.
American politics is weird, and largely theater.