Success

 Viktor Orban has been ousted as Prime Minister of Hungary. 

Orban has been the anti-democratic mole inside the European Union for years. His cultural revanchist populism became a cause celebre in the United States. CPAC moved their meetings there. 

In an absolutely hysterical faceplant, JD Vance - himself a fake populist authoritarian - was sent to shore up support for Orban and negotiate peace with Iran. He has failed utterly at both of his tasks. It would not surprise me if he was sent on these suicide missions largely because he's got the charisma of athlete's foot and the loyalty of a pit viper. 

Peter Magyar (who one wag described as having the name of a Harry Potter character who was visiting from Hungary) is not some left wing hippie. He's a right wing within the context of Europe. 

However, he ran on two fundamental issues: Russia and corruption. The history between Russia and Hungary is...not good! Orban's role as Putin's lapdog within NATO and the EU has been a roadblock to full support for Ukraine's war of survival. Russia worked hard - as did Trump because of course - to bolster Orban, but that likely worked against him. Even with most media outlets on Orban's side, he's going to lose by very large margins.

The small tip of the cap I will give to this awful creature is that - unlike Trump - he has conceded defeat.

For people like Vance and the illiberal cohort of people including Peter Thiel, Rod Dreher and Tucker Carlson, Orban was the model for what they wanted to do for the US. A country where rigging the system allowed them to stay in power regardless of the will of the people. I think we all knew that Fidesz was very unpopular and would lose a fair election, but that they might have so stacked the electoral system and coopted the media that the popular will would not be expressed. And if it was expressed, Orban would not accept it.

There is the famous quote from MLK (a man Orban would have hated): The arch of the universe is long, but it bends towards justice. 

I take hope from Hungary, of all places, that democracy will win in the end. That Trump's egregious and manifest incompetence will overwhelm the efforts of Fox News and gerrymandering to maintain his own version of Orban's illiberal vision. 

Failure

 As the Times editorial board nicely summarizes, the current situation in the war against Iran is a strategic defeat. Simon Rosenberg congregates the news from the past day or so. I'll give my version:

- We start a war of choice without adequately considering what Iran could do in response, once faced with a truly existential threat. 
- Trump substituted wishful thinking for actual foresight. When Iran closed the Straits of Hormuz - which everyone with a brain knew they would - he was scrambling to avoid an economic meltdown.
- He tried to bluff his way to victory by threatening genocide - real, actual genocide - that even some supporters found appalling. 
- He climbed down off those genocidal threats with this amorphous "ceasefire" that looked very much like an Iranian victory.
- Faced with backlash from Israel and the Arab Gulf states, Trump had to renegotiate the terms of peace with Iran.
- He sent his two useful idiots, Jared Kushner and Howard Lutnick, and JD Vance, who has been leaking his disapproval of the war. Making Vance own the peace talks is a form of Trumpist ritual humiliation.
- While the peace talks were predictably collapsing, Trump and the Secretary of State were at a fucking UFC match in Miami. 
- Trump has responded by threatening to "blockade" the Strait, but no one knows what that really means or what he intends to accomplish.
- The project of torching our alliances and insulting our fellow democracies - combined with destroying global economic stability - has nations considering abandoning the dollar as a reserve currency. 

It's just an absolute clown show, but a clown show where random members of the audience are killed and tickets are $500,000. 

Did The Word Finally And Conclusively Turn?

 The week began - yes, it was just this week - with Trump's hallucinogenic appearance next to the Easter Bunny on the White House balcony. Mussolini as imagined by Luis Bunuel. This was roughly the same time he threatened one of the oldest civilizations in the world with cultural extinction. The extremity of his statements seems to have appalled so many people, that Richardson suggests that maybe this could be a moment when people finally wash their hands of him. 

Yes, a lot of the MAGA Civil War talk is overblown. Trump retains remarkable control over his base. However, there does seem to be some understanding that Trump's behavior is well and truly unhinged. 

As things stand now, we have suffered a strategic defeat against Iran. The Straits are still closed, and we will have to pay Iran to reopen them in some way. Iran and the world know that the capacity to close the Straits is retained by Tehran. 

Meanwhile, it's really looking like stagflation is our current economic predicament. 

Last year, I asserted that the AI Bubble was the only thing buoying the economy in the era of Trump's economic chaos. That bubble is dependent on cheap energy and computer chips. Both of those are influenced by the closing of the Straits.

If that bubble bursts - and ideally bubbles DO burst sooner rather than later - then the country will have been driven completely into the ditch by Trump's malevolent incompetence. That might...MIGHT...get him below the 27% floor in his approval rating. 

Oh, yeah. Melania decided to declare that she had no idea who Jeffrey Epstein was. As if you thought that was going away.

Hey, just two and a half more years!

Does The Truth Matter?

 The current situation in the Persian Gulf is objectively very bad for the world. It represents a strategic defeat for the United States. Trump and Hegseth and the professional liars in their employ will assert instead a "great victory."  Oil prices will likely continue to fluctuate as global markets have to process the wild ping-ponging movement of oil out of the Gulf and the slow return of that oil to global markets.

The political question of high gas prices is a tricky question. There are likely some benefits to bringing down gas prices, and they don't really respond to actual supply, it seems, but rather the prospect of future supplies. Tankers take weeks to get from the Gulf to refineries then weeks more to get to the pump. Yet the price at the pump seems to change daily dependent on which lies Trump is spouting at any given moment.

The question of whether this ceasefire will actually lead to peace is one that Trump can't spin. If we start shooting again, that's not something he can lie about. If we capitulate, Trump will simply lie and say we won, and if gas prices fall, then the average dipshit voter might very well believe him. If energy prices stay high, and the impact of our defeat over control of the Straits grows in the public consciousness - the way the collapse in Afghanistan did - then Trump's collapse will continue to his floor of 27%. 

If he reaches that, Democrats win the Senate. Perhaps comfortably.

Oh, and Melania decided to bring up Epstein again, so that looms over everything, too. 

The Stall

 Krugman looks at the somewhat contradictory jobs numbers. Basically, job growth is slow but unemployment is low. How can that be? Well, it's because we are throttling off immigration. We are likely at or approaching negative net migration - more people leaving the country than entering.

The developed world is seeing a similar problem of a graying, shrinking demographic. We live longer and have fewer children, so whether it's Japan or Germany or the US, the replacement rate is a struggle to achieve. The US has avoided this problem by growing its population through both legal and illegal immigration. That has kept the workforce expanding. Illegal immigration helps the most, in some ways, because undocumented workers actually pay into Social Security, but they don't withdraw from it.

Trumpists will cover this looming problem up by claiming ridiculous projections for productivity and overall economic growth. Something, something AI. There is - as with all Republican policies - an extraordinary amount of wishcasting. 

What worries me is that we are headed for a reckoning on the national debt. Trump has added something like a quarter of all of America's debt. In this, he is just a bog standard Republican, albeit more so than most. America has been able to carry a huge debt for a number of structural reasons, and Trump is destroying most of them, including international goodwill towards the dollar. If the economy falls into a recession caused by economic instability from his whacko policies, a bursting AI bubble and the energy crisis his war has created, America could go from a stalled job market to a collapsing one. 

Democrats are always having to clean up Republican messes. If we dip into a recession, we might have to do so with a politicized Federal Reserve and a budget situation from hell. Trump will want to give away massive checks with his name on them. Democrats - who in this scenario easily win the House and likely the Senate - will have to put strict conditions on the money, and they are usually averse to participating in the immiseration of Americans.

The Iran War isn't over. The oil is not flowing, and even if it was it would take months to get back to normal. The labor market has stalled. The economy is sustained only by an AI bubble that is dependent on cheap energy, which we no longer have. 

If the crash is going to come, it needs to come soon, so we can take Republicans out of the equation in Congress and begin the slow process of repairing the structural damage of this awful man and his legions. 

Oh, Look

 The Straits are closed. 

Who could have predicted that the terms of the ceasefire were sham to let Trump climb down from his genocidal threats.

Where To From Here?

 Having slept on last night's news, I do think I was right. Trump's rhetorical escalation was the same as all his other verbal confabulations. If you believe he was going to nuke Iran, I presume you also believe that big, strong men with tears in their eyes routinely approach him, or that former presidents have privately praised him for starting this war with Iran.

Trump has zero credibility at this point, and Iran's current situation proves this. They called his bluff, he backed down and now negotiators have to unravel Iran's insane demands. Israel, I would guess, will have no part of Iran's demands to leave their proxies alone. Saudi Arabia won't stand for a toll on the Straits of Hormuz. The civilized world - which may or may not include the US at this point - cannot allow Iran to retain its nuclear program.

So the "ceasefire" allowed him a quick "victory" that was really a retreat. He has not, however, extricated himself from his mess. There's just no way the other regional powers can let this peace plan stand. If Trump relies on his usual cast of clowns - Jared Kushner and Howard Lutnick - to try and negotiate with Iran...yikes.  Kushner is a fully owned and operated subsidiary of the Gulf Emirs at this point, so maybe he will hold a firm line.

This has all been very stupid, very pointless and very destructive. 

TACO Time

 Trump backed down/was never serious. I think that was always the gambit, but he's such a fucking lunatic, you hesitate to make any firm predictions. The "two week ceasefire" feels like face saving bullshit from every party involved. I'm reluctant to believe that this is the end of Trump's Iranian Misadventure. Maybe they just collapse into status quo ante, but who knows? 

The leaking has started about the process that led us here, and Maggie Haberman has the deets here. My hope is that Trump really has soured on the war and that would make Hegseth the fall guy.  Good.

The war - if it is truly over and I think that's a 50-50 proposition - has been a strategic calamity for the US. We might achieve some measure of status quo ante if that looks like 
- The Revolutionary Guard are still firmly in control in Tehran.
- The Straits of Hormuz are open.
- Iran's military capacity has been deeply degraded - aside from its drones.
- Maybe there's some deal with the nuclear program?

None of that represents a "win" for the United States compared to the situation in mid-February.

Iran took a pummeling. Whoop-de-doo. They were not a serious threat to Israel, but they have established just how serious a threat they are to the Gulf States and the global commerce that flows through there. The degradation of their conventional forces doesn't really move the needle of power in the Middle East. They can shut down the Straits. They demonstrated that they CAN and they demonstrated what that means for the global economy.

Here's the true salient fact. Oil prices will remain high for some time. The Gulf will not suddenly be open and prices will fall and we will be back to $2.75 gasoline. The OTHER products from the Gulf are also unlikely to resume shipping quickly, including fertilizer and aluminum. These will be Covid-like supply chain disruptions that will continue to be felt for months. 

The war has made Trump even more unpopular. His unhinged public performances have MAGA-types calling for the 25th Amendment (sorry, not happening). He has absolutely torched his "brand" of "we need to run government like a business." His genocidal rhetoric was simply a performance, and he thankfully lacks the bloodlust to actually follow through. He's a coward, after all.

Now I'm reading that Iranian social media is saying that America has agreed to a complete and total capitulation, including withdrawing its forces from the region, lifting all sanctions and allowing Iran to control the Straits. That would be a complete and total humiliation for the US and its Gulf Allies. 

This is why the two week ceasefire is likely bullshit and Iran and the US will simply regroup, some oil will make it out and we will be at this again soon. This is the same yo-yo nonsense we saw with his trade wars now applied to shooting wars. There is no way that what Iran is proposing can be acceptable to anyone outside of Iran.

The ceasefire was a TACO from his genocidal statements earlier that managed to freak out even his supporters. He was not going to nuke Iran and he had to take the temporary climb-down, but the Iranian terms are absolutely a non-starter.

Anyway, Kamala Harris had a weird laugh, I guess. I kinda liked it. 

The Madman Theory

 During the late stages of Nixon's presidency, they hit upon a negotiating gambit called the Madman Theory. The idea was to convey to the Vietnamese that Nixon had lost his mind and could start nuking North Vietnam in his madness. The idea was to force the North Vietnamese to accept a timetable that would allow the US to leave Vietnam and not have the sort of chaos that we saw, for instance, when we evacuated Kabul. Didn't work, but there was at least a gap.

When you read Richardson or Aaron Rupar's transcription of Trump's inane babblings, it's tempting to see this as a reinvigoration of the Madman Gambit. The problem is, it seems far more likely that he really is fucking bonkers. The insane tableau of Trump mumbling about Iran with the Easter Bunny standing next to him while kids wait to do an Easter egg roll is...I don't think we have the words to describe it. If he's faking it, we can skip his quest for the Nobel Prize and give him an Oscar.

Garrett Graff and Martin Longman concur that nuclear weapons are likely not off the table. That doesn't mean that Trump's current rhetorical escalation should be taken at face value. His threats to end Iranian civilization could mean just further bluster in an attempt to bring them to the table or the crazy son of a bitch could be considering nuclear weapons. I personally doubt it, because he's expressed a certain fear of the awfulness of nuclear weapons, but he really seems deranged and certainly creatures like Pete Hegseth are not going to rein him in.

Is there someone around him who can impress upon him that he will become a Hitler-level monster if he launches nukes at Iran? Would he care? I think - possibly - he might. But this is a guy who wanted to nuke North Korea in 2017 and a hurricane shortly thereafter. 

If only America had a separate branch of government, say a legislature, some sort of Congress, we might be spared this looming tragedy.

UPDATE: He TACO'd. He's claiming that Iran has a workable plan. I'm skeptical until I hear it from Iran.  

I trust Iran to be more truthful than the President of the United States. Also? Two weeks? He just keeps playing the same old hits. 

In The Midst Of All This Awfulness

 I give you the crew of Artemis.

Terrorism or Errorism?

 Krugman calls Trump a terrorist, using the definition of the Department of Homeland Security. He notes that terrorism is a tactic, not a goal, and that terrorists are usually those who cannot achieve their goals via conventional conflict. Trump's threats to blow up bridges and power plants - as threats - make him a terrorist.

Richardson's view is a bit more nuanced. She notes that Trump is just careening about and this is likely just more bluster. He has a habit of making these crazed threats and then backing down. The problem is that Iran has likely clued into this pattern and will not budge. She does, however, note that early in Trump 1.0, he wanted to launch a preemptive nuclear strike on North Korea and was talked out of it by his generals. He also famously wanted to nuke a hurricane at one point. Perhaps...perhaps...he got the message that nuclear weapons are not toys or magic wands, but does anyone think there are the same sort of professional soldiers in the highest ranks of the military to tell him, no?

I don't think Trump will use nuclear weapons in Iran, but I do think it represents an escalation in rhetoric intended to scare Iran to negotiate. I also worry that while Trump does have a tendency to TACO his threats - he bullies and blusters but then backs down - he's clearly deranged in his thinking these days and has fewer constraints from those around him.

The solution to this war will not come from Washington or Tehran or Riyadh. Some other power will need to host talks to get both sides - led by crazed zealots - to climb down. China would seem to be a interesting choice. Xi has seen his primary global rival repeatedly light itself on fire by electing this dumb fucker twice. He has watched Trump blow up 75 years of American global leadership. If he could negotiate an end to this war, it would be more than the US self-immolating, it would be a positive act of Chinese global leadership.

China - unlike, say Russia - requires the global stability that the US used to provide. Their trade depends on open sea lanes and stable contract laws. While I'm sure they are enjoying America's decline under Trump, if they want to avoid being caught in the vortex of that collapse they will need to step up.

It would be hilarious if Xi - a murderous autocrat - were to win Trump's coveted Nobel Peace Prize by finding an ending to Trump's stupid-assed war. 

The President's Easter Message

 Easter, for Christians, is a moment to reflect on the sacrifice of Jesus. According to the Christian faith, Jesus was the literal son of God who willingly let himself suffer execution on the cross - a fate reserved for pretty horrible criminals - in order to redeem the sins of man. 

Trump's Easter message was to threaten war crimes against Iran. Attacking civilian infrastructure is a war crime. I suppose he's stopped threatening water desalination plants, but that's likely because his Gulf allies depend on desalination more than Iran does. Josh Marshall feels that right now it is Saudi ruler Mohammad bin Salman who is perpetuating the war. If the US packs up and leaves, they will be left to handle the crisis in the Straits of Hormuz. I suppose even more cynically, high gas prices will help the Gulf states in the long run.

Trump has disappeared from the public eye and has not retreated to his safe space of Mar A Lago for the holiday weekend. He tends to do this around the start of every month. The assumption is that he is getting intravenous treatments, most likely for dementia. This is the source of the blotches on the back of his hand. Certainly, his address a few nights ago suggested a man in poor health.

Trump is facing a narcissistic decompression, as his manifest incompetence and stupidity (and the incompetence and stupidity of those around him) has created a situation that he cannot simply walk away from. 

So, Donald Trump - avatar of the White Christian Nationalist movement - threatens war crimes as his Easter message, further abasing the office of the President and the reputation of the nation that ostensibly he serves.

Chained Inflation

 There is pretty good evidence that inflation is just now getting priced into actual consumer goods. There is a lag between oil and gas prices rising and prices in food and other goods rising to compensate for those increases.

The real worry right now has to be chained inflation. The inflationary spike around Covid was clearly caused by supply chain issues surrounding closed down manufacturing and shipping. Once the Covid restrictions were relaxed, the prices stabilized. People knew that these surges were temporary. Even with the price surge with the Liberation Day tariffs were considered to be temporary and reversible. 

With the Iran War, the shutting off of the Straits is not a simple case of turning a faucet off and on. It will take many months to get supplies rolling again. That means that prices will remain stubbornly high for months and suppliers will need to price that in. They will have to assume that prices in July or October will be higher than they are now.

This is what we've managed to avoid in the previous inflationary spikes. This is also what Larry Summers missed when he predicted the need for a recession to get out of the Covid inflation.

If we are looking at chained inflation, we will need the Federal Reserve to force a recession on the economy to quell the fires burning through the economy. However, we know that Trump is already working to destroy the independence of the Fed, and we also know that his coterie of sycophants is congenitally unable to manage a crisis with expertise and wisdom.

The recession might just save democracy in America, but it's going to suck ass. 

The Purge

 As Martin Longman notes, Trump is lashing out at his Cabinet because of his own incompetence. Others in the crosshairs include Tulsi Gabbard, Lori Chavez-DeRemer and Howard Lutnick. Lutnick would be the only man removed from his position. Pete Hegseth is not apparently on the list, though he is significantly worse than some of these other fools and morons. 

As Morris notes, Trump is very unpopular. People are saying they have never seen unpopularity like this before, really huge unpopularity. As a malignant narcissist, Trump cannot be the reason why he is unpopular, it must be the people around him. Bondi abased herself over Epstein and whatever the fuck that performance was before the Congressional hearing and it did not help her. Now she is still subject to Congressional subpoenas, but without the need to protect the pedophile-in-chief. The impulse to fire people because you yourself suck might not be all that well thought out.

Authoritarianism fails because authoritarianism is brittle and inflexible. Trump's personality is brittle and inflexible. Hopefully, we will see more purges and infighting. 

"Confusion to my enemies."

Disastrous

 Look, I had better things to do than watch Cheeto Benito slur and mumble his way through some half-assed update on his Iran War. As Josh Marshall noted, it was a terrible speech that spooked ALL the markets. Krugman makes roughly the same point.

Perhaps Trump is stung in his small, craven id by the concept of TACO - Trump Always Chickens Out - and feels compelled to not wind this war down quickly.

Then again, the problem is that, strategically, Iran is winning. They are demonstrating that they can absorb far more pressure than we can. Trump never sold this war to the public, so he can't really turn around and ask for ground troops or people to buckle up for $5.00 a gallon gas. We are still going to GET $5.00 a gallon, but he can't admit that. Iran is being leveled tactically, but they are pretty much OK with that, because things were already pretty shitty and they don't have to answer to their public.

Trump cannot walk away easily from this, though I suspect he will try. It's unclear whether we are actually going to deploy the combat troops we are sending to the region. Frankly, the only defensible use of them might be to invade Yemen and degrade the Houthis to deprive Iran of one of their few remaining proxies that has any combat effectiveness. However, sending US soldiers to die killing Yemenis while Iran jacks up fuel prices is a political non-starter.

The contours of the end of this conflict currently looks like this. Trump will feel compelled to "do something" in terms of "boots on the ground." His "doing something" will be stupid and "lethal" just not in the way Hegseth wants it to be. In the end, he will climb down from this cliff, but he will leave the Iranian regime in control of the Straits of Hormuz, where they will charge tolls for transit. 

In the end, Tehran will have a revenue source that they don't have now, because this fucking idiot thought getting involved in a war on the Middle East would be easy.