Running Against the Devil: A Plot to Save America from Trump

21 " Our close alliances are strained as never before. A frazzled NATO feels the eager heat of Russia’s breath in the east, with the Baltic states, Poland, and Germany wondering if we’re about to see a new Cold War, only this time with the United States more friendly to Russia than to the West. America’s role as a NATO ally will continue to degrade as Trump’s bromance with Putin, his extortion of the allies, and his utter ignorance of the traditions and meaning of the Western Alliance is demonstrated time and again. But hey, Trump Tower Moscow will make it worthwhile, right? "

― , Running Against the Devil: A Plot to Save America from Trump — And Democrats from Themselves

22 " Here’s the painful irony: The big-picture economy, which is largely out of any president’s control, is the real source of this president’s political strength with voters who like him. The SSRN poll for CNN in June 2019 had a striking finding. Of those who approve of Trump, a plurality of 26 percent said they do so because of the economy, more than twice the next most-frequent answer. In the same economic issue basket, 8 percent cited jobs as a reason for liking him. On immigration, 4 percent said that’s the reason they like him. When it comes to other aspects of Trump’s persona, support falls to the single digits. Just 1 percent said they approve of him because he’s draining the proverbial D.C. swamp. A whopping 1 percent said they like him because he’s honest, which proves you can fool 1 percent of the people all the time. All of this is a sign of trouble ahead for Donald Trump, because his economic record is a rickety construction prone to collapse from external forces at any moment. A BUBBLE, READY TO POP The long, sweet climb in economic prosperity we’ve enjoyed for a decade comes down to the decisions of two men and one institution: George W. Bush in taking the vastly unpopular step of bailing out Wall Street in the 2009 economic crisis, and Barack Obama for flooding the economy with economic stimulus in his first term. The Federal Reserve enabled both of these decisions by issuing an ocean of low- or zero-interest credit for ten years. Sure, the bill will come due someday, but the party is still going. While Trump took short-term political advantage of it, every bubble gets pricked by the old invisible hand. In the current economic case, the blizzard of Trumpian bullshit will inevitably hit the fan. We’re awash in trillion-dollar deficits, the national debt is asymptotically approaching infinity, and we have a president who’s never hesitated to borrow and spend well beyond his means, or to simply throw up his hands and declare bankruptcy when it suits him. We never did—and most likely never will—tackle entitlement reform. Nations don’t get to go bankrupt; they collapse. The GOP passed a tax bill that is performing exactly as expected and predicted: A handful of hedge funds, America’s top corporations, and a few dozen billionaires were given a trillion-dollar-plus tax benefit. Even the tax cut’s most fervent proponents know that its effects were short-lived, the bill is coming due, and in 2022 or thereabouts it’s going to lead to annual deficits of close to $2 trillion. "

― , Running Against the Devil: A Plot to Save America from Trump — And Democrats from Themselves

23 " If the Democratic Party has any leadership at all, they should dedicate themselves to narrowing the field, fast, and pushing the lower-tier also-rans into Senate, governorship, and house races as quickly as possible. The field remained so large in late 2019 it became a running joke. "

― , Running Against the Devil: A Plot to Save America from Trump — And Democrats from Themselves

Running Against the Devil: A Plot to Save America from Trump — And Democrats from Themselves QUOTES