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What Trumphas done instead, in addition to try to prop up Ivankas clothing line, is stage a bunch of events in which he took credit for micro developments he had nothing to with. For instance, on Wednesday the chief executive of Intel went to the White House so he could announce in Trumps presence that the company will be creating 3,000 jobs at a factory in Arizona. This is the latest in a series of such events, at which clever business leaders realize they can get a bunch of free publicity and win the favor of the most powerful person in the world by letting him take credit for something they were going to do anyway. All this goes to a basic, enduring rule that Trump has followed for decades. He has built his career on the principle that not only is perception more important than reality, but that a vivid enough perception can actually create reality. Thats why, for instance, he has always been so sensitive about assertions that hes not as rich as he says he is. His bottomless wealth and limitless success was the essence of the image he wanted to create, and the successful creation of that image would in turn breed more success and wealth. Anything that might undermine the image was a profound threat to the whole project. These kinds of events with CEOs are in the same mold: create the perception that Donald Trump is transforming the economy, and then everyone will believe that the economy is doing great, and who knows, that boost of confidence just might propel the economy forward. But a look at the Intel case shows how phony it is. First, Intel actually began building that plant in 2011, but a slowdown in the PC market led them to hold off on getting it up and running until sales created sufficient demand.
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