Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Monday, December 24, 2018

What Next, An Ongoing Series

Merry Almost Christmas.

Trump forced out Mattis early, because someone with 3rd grade reading comprehension finally explained that Mattis' resignation letter was more like a broadside.

Meanwhile, the markets continue to tank, and Jon Oliver Cosplay enthusiast, Steve Mnuchin, has made things worse.  The markets are collapsing for any number of reasons.  The normal business cycle is taking hold.  Wages never rose in the recovery, keeping demand just OK.  Trump's trade war has been a disaster.  Markets don't like instability, and Trump is unstable.  The GOP tax cut was squandered on stock buybacks which artificially inflated the markets, which are now coming back to reality.

The thing is, as you probably heard over the past 18 months, Trump's poll numbers are historically bad for a President during an economic expansion.  Once the economy tips into recession, Trump has not shown the sort of ability that would let him run a real estate business, much less the world's largest economy.  The collapsing economy will drive him poll numbers down even further at precisely the moment more and more news about his criminality will come to the surface and more and more GOP leaders edge away from him.  We can count on him to respond poorly.

Buckle up.

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