Scott Adams: President Trump Earns the Highest Presidential Approval Level of All Time

Scott Adams writes that President Trump Earns the Highest Presidential Approval Level of All Time.

I contend that business optimism — and small business optimism in particular — are the new standard for presidential approval because “economics” captures most of what a president influences.

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I could go on. The point is that all of the “big” issues directly influence the economy via their impact on our psychology and our resources. In a free, capitalist country, “the economy” captures all the goodness and badness of a presidency without really trying. And the measure that best reflects the future of the economy, in my opinion, is small business optimism.

Big businesses can do fine with a president who promotes policies that favor big corporations, even if the rest of the country is suffering. But when small business owners are feeling good about the economy, that means the president is doing a more bottoms-up job of getting things right. President Trump has focused on bottoms-up economics from the start, meaning jobs and lessened regulations. Apparently that is working.

Emphasis Mine

Adams doesn't understand the fundamental contradiction of Capitalism: over-production. The economy will always produce more than consumers are able to buy.

The only source of income for most people is from wages and salary. This caps the amount of consumption in the economy.

Increasing wages increases consumptions, but also costs. Unless profits are to be squeezed, inflation results.

Confidence can only carry the economy so far until the realities of return on investment versus the rate of interest start to restrict investment.

It is interesting to see Adams describe the petite-bourgeoisie as being happy with Trump. This reliance on the support of the petite-bourgeoisie means that Trump has to be tolerant of that class's fascist undercurrents.