Thursday, November 16, 2017

A Year of Trump

You have to admit it, even if you detest Donald Trump and everything he stands for, the last year of US politics has been the most interesting since...well, probably since Teddy Roosevelt was in the White House (and I think there are many parallels between that earlier renegade Republican and Trump). I still find myself laughing aloud at Trump's tweets, the utter bewilderment and denial of Hillary Clinton that she lost to him, and most especially the mainstream media's continued outrage that they have lost control of the political narrative.

Trump hasn't achieved a lot in terms of policy - Obamacare is still in place, the wall hasn't been built, and the tax cuts he wants are bogged down in the congressional swamp - but doing nothing isn't a bad thing for a politician because it means he hasn't stuffed anything up, which is more than you can say for the preceding four presidents. The earnest ingenues in the new coalition government here in New Zealand should take a leaf from Trump's book and work on their golf game rather than pursuing their utopian dreams.

Much is made of Trump's low approval ratings but I wouldn't dismiss his prospects of re-election in 2020 just yet, assuming he decides to run. Three years is an eternity in politics and events may overtake the narrative as they did with George W Bush in 2001. The U.S. economy is finally rebounding, and if you add to that some tax cuts, a major foreign policy success, and a Democratic Party that continues to be its own worst enemy, and we could well see Trump win a second term.

There is much I dislike about Trump and his policies but it would be almost worth putting up with another few years of his cronyism, xenophobia and simplistic economics just to see the mainstream media's reaction to (as Australian rugby star George Gregan once said about the All Blacks losing the Rugby World Cup) "four more years."

1 comment:

Mark Hubbard said...

Mmm. I think all financial asset prices, currently inflated out of all order, are due to correct under this term. That would put a spanner in the works, given he foolishly is touting the stock market as a success peg (which Fed created, not so much him or Obama).

As you say, interesting times.