Wednesday, March 16, 2016

President Trump Economic Disaster Waiting To Happen

by JASmius

Bluster, bombast, and turd-in-every-pocket, scattershot, relentless, insatiable BSing may sound great to you, Trumplicans, but it's still BS - and once your chieftain were in power, it would have dire real world consequences:

A top economic forecasting firm predicted Wednesday that Donald Trump would be a huge threat to [reviving] global growth — equating the front-runner's presidency to the risk posed by Islamic jihadism and projecting that [planetary economic activity] could fall by as much as 1.5%.

"In the event of a Trump victory, his hostile attitude to free trade, and alienation of Mexico and [Red] China in particular, could escalate rapidly into a trade war," the London-based Economist Intelligence Unit said in a report, according to the New York Times....

Robert Powell, an Economist Intelligence analyst, said that Trump's unpredictability would create much uncertainty and that his polarizing nature could cause even more government gridlock.

"The impact for the world would be bad," Powell told the Times. "The impact for the U.S. would be even worse." [emphasis added]

Uncertainty - fear, really - is poison to markets.  Risk-takers take fewer risks, capital is withdrawn and sheltered, business startups plunge, liquidity is hoarded, new jobs dry up, existing jobs are destroyed, the downward spiral gains momentum as the national debt spirals correspondingly upward - and we've already lived through seven years of this phenomenon.  Even I wouldn't have thought it could get any worse, but the EIU makes a powerful case that it can.  With his wealth confiscation and single-payer health care and other statist schemes, his deeds-established much greater tendency to make deals with Democrats than Republicans, and sky-high import taxes collapsing international trade in classic Smoot-Hawley fashion, the economic depression could hit depths unplumbed even in the 1930s,  And that doesn't figure in the dramatically heightened chances of a trade war with the ChiComms escalating into a shooting war that we could not win.  Which, of course, REALLY exacerbates uncertainty and fear, as well as blowing a lot of stuff up.

Trump's trademark, his very personality and nature, is to shoot off his mouth heedless of any accountability for what he says.  Outrageousness and shock value are his calling cards.  He's a performer, not a leader.  And a filthy liar as well.  There's a reason why nobody like him has ever even been considered for, much less nominated or elected to, the highest office in the land - at least, not by the GOP: verbal incontinence and congenital mendacity are the antitheses of leadership and statesmanship.

Character, in other words, used to matter.  I remember vividly Rush Limbaugh coining this phrase back in 1992 when he steadfastly defended President Bush41 to the bitter end against another "slick," "entertaining," philandering, turd-in-every-pocket, scattershot, relentless, insatiable BSer, even introducing him at a campaign rally a week or two before Election Day by stressing how Pappy had all the character that Sick Willie lacked.  Fast forward a quarter-century and El Rushbo is the one performing for The Donald like a trained seal.

Again, uncertainty is economic poison.  Anger is uncertainty.  So is emotional instability.  And "BURN IT DOWN!"  And riots and pitched battles in the streets.  The rest of the world, having seen the disastrous results of elevating the incumbent strutting leftwingnut narcissist is looking out our preparations to repeat that catastrophic error for a third straight election - whether Trump or Hillary - and has to be suffering catastrophic sphincter malfunction for what it will mean to the global economy and planetary stability and security.

A POTUS's words matter.  If he is bereft of character and has a screw loose, as Trump is and does, the results will be catastrophic.  That persona cannot simply be switched on and off like a lamp.  It's who he is.  And Trumplicans know it, and think it's his greatest feature.

Or, as the Director likes to put it, "Trump can't be bought, and nobody can control him".

Even himself.

But self-control is one of the fruits of the spirit, is it not?  Along with such things as peace, patience, goodness, and gentleness, all traits of which Trumplicans are in grievously short supply, doubtless because their hero would ascribe them to "losers".

But, to close on a biblical roll, it is also written that "Pride goes before destruction, And a haughty spirit before stumbling".  And, "Do not be deceived, God is not mocked; for whatever a man sows, this he will also reap."

It's a good thing The Whang of Da Nang is so gosh darned humble, or we'd REALLY be in trouble.

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