Trump: the Poster Boy for Financial Mismanagement

“One likely reason for the lower-than-expected receipts is that some parts of the economy have been weaker than C.B.O. projected in April 2018,” the budget office said. “A number of developments other than the tax act appear to have contributed to that weakness, including increases in tariffs, greater uncertainty about trade policy and slower economic growth in the rest of the world.””

“The ballooning defies a historic trend: Typically, the budget deficit shrinks when unemployment is low. But it is increasing despite the longest economic expansion on record and the lowest jobless rate in 50 years.” (Emphasis Medicynic)

Medicynical note: Now tell me again how we are going to run the government like a business……but please not his businesses. How many bankruptcies?

Trump, the real Anti-Semite

Donald Trump on Wednesday repeated an antisemitic trope that has prompted dismay among prominent American Jews, saying that voting Democratic was “disloyal to Jewish people and … very disloyal to Israel”.”

“Prominent US Jews have reacted with shock and disdain to Trump’s renewed adoption of a longstanding antisemitic trope that implied that American Jews had divided loyalty to America and to Israel. Over almost 24 hours he has repeatedly described Jewish Americans who vote for Democrats as showing “either a total lack of knowledge or great disloyalty”.”

Medicynical note: This grandiose borderline psychopath is not fit for the presidency. His increasingly bizarre comments and actions point to an evolving psychopathology. Amazing that he was elected and that his party seems ignores his obvious severe mental disability.

Trump is Sick

As Steven Waldman notes in the Atlantic, “dual-allegiance charges go much further than offering a polite disagreement on policy. They imply not only that a group is un-American, but that its adherents have no agency. They cannot be patriotic, because they are thoroughly under the influence of a foreign power or code.” It’s a way of suggesting not just that one is an “other” but also that one is brainwashed, hypnotized, or lacking in moral agency as a result of nefarious foreign forces. It’s a suggestion that you are a pawn, and lucky to have a protector. This is a slur and a scandal in which the president of the United States is invoking an age-old, blood-soaked, anti-Jewish trope. And, ever the narcissist, Trump is also warning all American Jews that he will not protect them if they are disloyal to him.”

Medicynical note: Never thought in my life that I’d hear anybody, much less the President, stoop so low. His comments are steeped in antisemitic tropes and insulting to not only to Jews but to all citizens. He’s become a bad joke and really needs to go.

The Jokes On Us ……The Trump Presidency and Greenland

(CNN)Less than two weeks before his scheduled trip to Denmark, President Donald Trump announced on Twitter that he has postponed his visit to Copenhagen after the Danish Prime Minister disputed his interest in buying Greenland as “absurd.”

“Denmark is a very special country with incredible people, but based on Prime Minister Mette Frederiksen’s comments, that she would have no interest in discussing the purchase of Greenland, I will be postponing our meeting scheduled in two weeks for another time,” he wrote Tuesday night.”

Medicynical Note: You really can’t make up this incompetence.

The Best Economy Ever…………ISN’T

The President cries uncle and seeks help for the “best economy” (sic) ever. So in addition to personally creating the largest peacetime deficits ever in a “good” economy, Trump is now proposing to raid Social Security in an attempt to revive his slowly tanking re-election.

And Trump’s typical incoherent comment clarified……..nothing.

“President Trump on Tuesday confirmed that he is considering whether to push for a temporary payroll tax cut amid mounting concerns about an economic slowdown, rebutting numerous White House officials who had insisted that such an idea was not under review.”

“Trump’s remarks came one day after The Washington Post reported that several senior White House officials had begun discussing such a move.”

“”Payroll tax is something that we think about, and a lot of people would like to see that, and that very much affects the workers of our country,” Trump said Tuesday during an exchange with reporters at the White House.”

Flip-flop-flip-flop

The attention span of a gnat. No core values–literally anything for a vote. Clueless about root causes.

Immediately after the carnage in El Paso and Dayton, Ohio, Trump said “there is a great appetite” for tightening background checks on people who buy firearms. But in recent days, Trump has focused in public remarks on the need to keep guns out of the hands of the mentally ill while emphasizing that the nation already has “very strong background checks right now” — positions that hew more closely to the views of the National Rifle Association.

Medicynical note: Sadly it will happen again and again. Vote this incompetent out of office.

The Wrong Man at Precisely the Wrong Time……Guess Who

Today, US policymakers could learn much by studying the actions of the Dutch Republic and Britain when they were global hyperpowers pursuing soft landings. In addition, they should read “The Sources of Soviet Conduct,” the 1947 article by US diplomat George F. Kennan that advocated a US policy of containment toward the Soviet Union.”

“Three of Kennan’s points stand out. First, he wrote, US policymakers should not panic, but recognize what the long game is and play it. Second, America should not try to contain the Soviet Union unilaterally, but rather assemble broad alliances to confront, resist, and sanction it. Third, America should become its best self, because as long as the struggle between the US and Soviet systems remained peaceful, liberty and prosperity would ultimately be decisive.” 

“But since taking office in January 2017, Trump has steadfastly ignored such advice. Instead of forming alliances to contain China, Trump withdrew the US from the proposed Trans-Pacific Partnership trade deal. And he continues to make random, incoherent demands–such as immediately eliminating the bilateral US-China trade deficit.”

“Rather than carefully playing the long game with regard to China, Trump seems to be panicking. And, increasingly, China and the world know it.”

https://www.bradford-delong.com/2019/08/project-syndicate-publish-on-grasping-reality.html