And, of course, he is for Renewable Fuel Standard (ethanol mandate), so governement can pick winners and losers.
Trump's Record on Free-market Issue: (from the Conservative Review)
Trump has a terrible record on free market issues. The only bright spot is the Federal Reserve's quantitative easing, but this glimmer is countermanded by his repeated support for bailing out Wall Street and the auto industry, and increased stimulus spending. Of particular concern is Trump's belief that the government can use eminent domain powers to seize private property in the name of private economic development. This comes as no surprise, given his support for using eminent domain to profit his own company.
Trump supported the Supreme Court’s 2005 decision in Kelo v. City of London, allowing public authorities to seize private land for economic development by private investors; Trump said, “I happen to agree with [the decision] 100 percent.” (National Review) This is no surprise given Trump’s attempt to use eminent domain in his own line of work. (Institute for Justice)
Trump supported President Obama’s 2009 stimulus, saying: “The word stimulus is probably not used in its fullest…you know, certain of the things that were given weren't really stimulus. They were pork, as we call it, or they were gifts to certain people. But overall, I think he's [President Obama] doing very well. You do need stimulus and you do have to keep the banks alive.” (CNN)
Trump supported TARP, saying, "You had to do something to shore up the banks, because ... you would have had a run on every bank." (CNN)
Trump supported the 2008 auto bailout, saying, “I think the government should stand behind them 100 percent. You cannot lose the auto companies. They’re great. They make wonderful products.” He also said that the federal government could “easily save the companies.” (Daily Caller)
Trump criticized the Federal Reserve’s intervention in the debt market, saying quantitative easing creates “phony numbers” that mislead the marketplace and “will not ultimately benefit the economy. The dollar will go down in value and inflation will start rearing its ugly head.” (CNBC)
Donald Trump has a history of using eminent domain to complete business deals. Multiple times Trump has supported the use of government agencies to take possession of homes and businesses for use in his private business plans. Eminent domain seizures are reserved only for public use of property rather than abuse by the government taking property from one individual and giving to another. (Washington Post)
Donald Trump has sought and received crony capitalist tax breaks for his commercial properties in New York. These tax breaks, and even an abatement, force the property taxes of other property owners to rise at the expense of the connected. Special treatment for one business or industry over another with the tax code conflicts with free market principles. (National Review)
In 2009, Trump supported Barack Obama's call for limits on the pay of executives. (CNN)
