“It may have slipped by you, but last week Donald Trump suggested that he may be about to give U.S. farmers — who have yet to see any benefits from his much-touted trade deal with China — another round of government aid. This would be on top of the billions in farm aid that Trump has already delivered, costing taxpayers several times as much as Barack Obama’s auto bailout — a bailout Republicans fiercely denounced as “welfare” and “crony capitalism” at the time.
If this sounds to you like a double standard — Democratic bailouts bad, Republican bailouts good — that’s because it is. But it should be seen as part of a broader pattern of breathtaking fiscal hypocrisy, in which the G.O.P. went from insisting that federal debt posed an existential threat under Obama to complete indifference to budget deficits under Trump. This 180-degree turn is, as far as I can tell, the most cynical policy reversal of modern times.
And this cynicism may win Trump the election.
If Trump does win, there will be many recriminations among Democrats, especially about the vanity candidates who continue to fragment the field despite having no realistic chance of becoming the nominee. But while these recriminations will have much truth to them, the biggest factor working in Trump’s favor is a strong economy — not as strong as he claims, but good enough to provide a significant political lift (unless growth is derailed by the coronavirus).”