Wednesday, November 16, 2016

On Trade, Immigration And Climate

Trump might feel he now has a mandate, but his positions have not been endorsed by the world. In fact on each issue the world will oppose him every step of the way and the world will win. For one, truth is on their side. Two, America is not the power it was when Trump was a college kid. America after the Trump victory is like Britain after World War II. The empire is gone.

And the racist Alt Right ideology is anathema to the powers that oppose him on the big issues. Precisely when Europe and America need to make the extra effort to get along with the world there are voices that have taken to white supremacist thinking with renewed vigor. It is a grand losing proposition.

Europe will lock horns with Trump on climate. France has already threatened a carbon tax on all American imports should Trump walk away from the Paris Climate Agreement.

China has become the leading voice on the climate issue. Whichever country is the leading voice on climate change is the leader of the world. For there is no bigger issue the planet faces.

Should the trade war Trump has threatened with China materialize America, and perhaps the world, will experience a Great Depression when the central banks of the world are in no position to help out. 2008 and 2009 will feel like a picnic.

Brexit is easy to vote for but hard (read: impossible) to implement. The Brits are finding that out the hard way. The genie of globalization is out of the bottle. It can not be put back. Trump campaigned wanting to make America great again. But in actuality he might only hasten America's slide from its number one position in the world.

The Republicans have policy clarity only on issues that are all gut punches to the poor whites across America. "The poorly educated," as Donald Trump fondly calls them, might have been royally duped. They might lose not only Obamacare but also Medicare. Yes, costs have been rising under Obamacare, but they were rising even faster before Obamacare. And not even losing Medicare is as scary a proposition as a Great Depression.

Ends up racism is a really, really stupid ideology. Today it is self destructive to the whites. Racism is sin. Sexism is sin. God does not take kindly to either.

Trump’s fifth bankruptcy might be a country, not a company.    

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