Posts Tagged Trump
It has often been suggested that Donald Tump has numerous emotional disorders; but, it appears to me that his neurotic behavior is a controlling one. If you believe him, Donald is perfect and never makes mistakes, and it appears that he always seems to find others to blame for his problems. Based on the fact that he seems to feel that everyone else is out to get him, he often relies on a very small group of confidents, in whom he can trust!
Just before his first overseas trip, when Donald addressed the graduates of the U. S. Coast Guard Academy, he told them: “Look at the way I’ve been treated, especially by the media.” He went on to say: ”No politician in history, and I say this with great surety, has been treated worse or more unfairly.” Remember that Trump is a man, who has lived his entire life in privilege, and he complains because the media reports the obvious!
Now, since he has somehow stumbled into the highest office in the land, Donald is delusional about non-existed “accomplishments”. After kowtowing to King Salman, of the Saudi Arabia, one of the two foremost financiers of Islamist Extremism, Trump stopped in Palestine, and then he travelled on to Europe. There, during several summit conferences, he established himself as being boorish and ignorant. his signature move resulted in his pushing the President of Montenegro, so that he could be front-and-center for the “Class Picture”.
In the extreme delusion, which personifies Trump, he declared that his overseas trip was: “…a Home Run!” German Chancellor Angela Merkel, on the other hand, suggested that she can no longer feel confident of a European-U. S. Partnership! Then, upon returning to Washington, Donald announced that he is considering re-shuffling his Staff, in order to stop the leaks. But, Trump appears to be asking the very leaders of the past disruption to provide the needed cooperation and security.
For a self-proclaimed businessman, Donald Trump seems to rely too much on Jared Kushner for virtually everything. His 36 year-old son-in-law, Kushner has been involved in negotiation in Lain America and China, he is Trump’s Envoy to Palestine and the Middle East, and let’s not forget his discussions with Russian Ambassador Sergei Kislyak, allegedly about establishing a secret communications link. Oh, and Donald has also tapped Jared to reform the government along business lines.
Might this be a combination of factors: Donald Trump is too despised by anyone with valid high-level Foreign Affairs experience, to join his Regime; no one in his Inner Circle would dare suggest a highly regarded consulting firm to re-align government, as if that was actually a realistic idea; or Donald Trump really is that dumb? Personally, I believe that it is a combination of all three. Trump is despised, narrow-minded, and dumb!
NOTE: Welcome to my readers in Cyprus and Oman.
DONALD! ON YOUR FIRST TRIP OVERSEAS—ESPECIALLY MEETING WITH ALLIES IN EUROPE—YOUR PERFORMANCE WAS TRULY DISGRACEFUL
Let me break it down for you:
1. Remember that comment about Germany selling cars here? Well, BMW, Mercedes and Volkswagen all have auto plants in the U. S., and they employee American workers. As a self-proclaimed “Businessman”, you ought to realize that it is more cost-effective to manufacture the Supply, when it comes to heavy industry, near where the Demand is!
2. There should absolutely not be any pushing and shoving—as you did to the President of Montenegro—in getting to your pre-assigned photo-op places. I realize that you always like to be “In-Front”; but, in this case, everyone was also a Head of State. So, be civil next time!
3. Surely, a number of the NATO Allies have not adequately been funding their respective Defense Budgets, at two percent of GDP, as agreed upon! But, you have to stop lying that they owe it to the American People. Donald, with your various absurd health care proposals, you have already shown how much YOU care for the American People. HA! When a Nation underfunds its own budget, regardless as to whether it was Defense or not—it would only be underfunding itself! And thus, they would owe nothing to America, or its people!
4. I wish that there was such as thing as “The European Union—for Idiots”; because, I would be happy to send you a copy! When you meet a group—in this case, it was members of the European Union—it is just common sense to, at least, know something about them—and how they function. By the way, it certainly was foolish on your part to attack Germany for its Trade Surplus; because, the E. U. negotiates trade policy as one unified bloc–even with the U. S! (In fact, there has already been some discussion, within the E. U., about Germany’s trade surplus with its European neighbors.)
5. Lastly, Donald, you showed no tact whatsoever, when you spoke at a NATO Memorial, for those who died in the 9/11 Attacks on the U. S., and you specifically harped on the underfunding of NATO Defense Budgets. That, Donald, was neither the time, nor the place!
Frankly, Donald, I feel very embarrassed every time I see you on TV; but, it was certainly even more horrendous, watching you act like a boorish clod, while you were traveling overseas, this past week.
NOTE: Welcome to my readers in Cote d’Ivoire and Kenya.
WILL DONALD TRUMP AND TREASURY SECRETARY STEVE MNUCHIN PROCLAIM THE NEW 21st CENTURY GLASS-STEAGALL ACT, BUT ONLY METAPHORICALLY?
The Banking Act of 1933, commonly referred to as the Glass-Steagall Act, ushered in various reforms, to assist the Nation’s Recovery from The Great Depression. “Glass”, which was part of (new) President Franklin D. Roosevelt’s “New Deal”, broke-up the Banking Industry, and created Federal Deposit Insurance. It was made permanent in 1945.
Prior to “Glass”, companies could engage in both commercial and investment banking, which meant that risky securities actions might jeopardize clients’ deposits, and there wasn’t any deposit insurance either. In the mid-1980s, however, many of the banking restrictions were lifted, and mostly larger banks transformed themselves into Financial Services Supermarkets. Also, making “banking” even more precarious: the number of products and financial institutions, has frown considerably since the 1930s.
In October of 2008, President George W. Bush bestowed many billions of dollars on the largest banks, in order to enhance liquidity within the banking system. Unfortunately, that action was interpreted, by many, as conveying an explicit Federal Government Guarantee of what became to be called the “Too Big to Fail” banks. That general assumption merely led to an even higher concentration of financial business, on the few, but same, largest—or Too Big to Fail Banks. Thus, the solution worsened the problem!
Following The Great Recession (4Q07-to-1Q09), President Barack Obama signed the Dodd-Frank Act into Law, in July 2010. Dodd-Frank reined-in the banks, required required high equity capital standards, and was intended to separate the investment risks from consumer deposits. The GOP, however, has sought to repeal Dodd-Frank ever since!
Treasury Secretary Steven Mnuchin, who is Donald Trump’s lead-man on banking laws, has been suggesting that he might propose a “21st century version of Glass-Steagall”. Donald Trump has also been saying the same thing! Today, Senator Elizabeth Warren called Secretary Mnuchin to task, at a Senate Finance Committee Hearing, as linked from CNBC-TV. She noticed that he had been avoiding the question of whether, or not, the Trump Regime would break-up the banks.
Finally, Secretary Mnuchin realized that he had to answer the question, and his response was still quite convoluted: “it’s a complex issue”; “not a good thing”. and finally “NO!” He stammered when she asked him how they could be considering a “21st century version of Glass-Steagall—a law which specifically broke-up the banks—with one that would not.” Mr. Mnuchin suggested that he would bring a team from the Treasury Department to brief the Senator’s Staff.
Secretary Mnuchin seemed to be avoiding answers from most of the Senators on the Committee—especially the Democrats—as he offered to provide briefings, similar to those offered Senator Warren, to a number of other Senators. Surely, the Secretary of the Treasury should be expected to appear before the primary Senate Committee, which regulates his office—and be totally prepared! And it should be obvious to most Americans that, so soon after the 2008 Banking Crisis, that the status of the Banking Laws would be Question Number One, Two and Three!
NOW MIGHT NOT BE THE TIME TO SELL, IN THE STOCK MARKET, UNLESS YOU KNOW SOMETHING THAT WALL STREET DOESN’T!
Today, the Dow Jones Industrial Average dropped by 1.79%; but, it’s still up 4.27% above the 2016 close. Similarly, the S & P 500 closed down 1.82%, and is still up by 5.28% for the year. And NASDAQ, which lost the most, some 2.57% today, is still up by 11.57% on the year.
It’s important to remember that the financial markets never go straight up, or straight down. There appears to have been talk around the markets lately, that some degree of “correction” (a sell-off) was necessary to calm the volatility. So, perhaps the political angst provided just the spark to settle the market! If there is any volatility in the early U. S. market trading on Thursday, it will probably be a combination of Sellers, who weren’t paying attention on Wednesday, and Buyers looking to pick-up a few potential bargains.
Jeremy Siegel, Economics Professor at the University of Pennsylvania, literally wrote the book about “Stocks for the Long Run”, is a perennial stock market Bull. Today, he said, in an interview on CNBC-TV: “If Donald Trump resigned tomorrow I think the Dow would go up 1,000 points,” Professor Siegel’s stated rational is that the market has been rallying on the Republican Agenda, and not the Trump Agenda.
I wouldn’t try to project how the stock or bond market would adjust to such a situation, especially when we don’t know how ugly it might get. Also, if Donald Trump were to be ousted, the degree to which the Trump Republican Party continues to remain comfortable with him at the helm, might reveal whether or not it will continue to maintain it majority—or even its relevance to the average American.
NOTE: Welcome to my readers from Austria and the Netherlands.
Donald Trump spoke today, in Washington, D. C., at a memorial service for police officers, who were killed in the line-of-duty. As usual, I personally didn’t care much for Trump’s style; because, however well-intentioned his words might have been, they did not correlate with any plan to understand it.
In amongst his rhetoric, Donald Trump always seems to have an “Us-versus-Them” scenario in mind, especially when it comes to the Black-White relations on our nation’s streets, which is generally were police officers are killed. Additionally, he always seems to side with the police officers, in any confrontation ,without considering the possibility that, perhaps in some cases, the officer might have acted without provocation.
I have several relatives, as well as friends, who are either active or retired from law enforcement. And, I sincerely believe that most in their profession are dedicated men and women, and they are deeply committed to serving and safeguarding the public. But, I believe that Donald Trump should work toward understanding the situation, including all possible causes, and only then can he work toward solving the long standing problem.
Donald Trump, and his Attorney General Jeff Sessions; however, seem to be escalating the street crime problem, rather than diffusing it. The whole “Black Lives Matter” movement reflects the evils of Racism, which had never been settled—400 years since Black Africans were first forcibly brought to America, and sold into Slavery.
For instance, many of the incidents of police officers shooting Black Men have stemmed from the police harassing the Black Men, rather than just giving them a ticket or a warning, as they generally would to a White Man. AG Sessions further raised the level of distrust last week, when he announced that he was asking the Courts to hand-down the harshest sentences possible, even for non-violent crimes. WHY?
Part of the racial distrust, which is at the heart of the heightened street crime, is due to the fact that many more Blacks and Latinos are in prison, than Whites. Also, minorities often get harsher sentences for the same crimes. A rational person might conclude that the Trump Regime intends to make the problem worse, rather than better. Is that how Donald Trump might chose to remember those officers who were killed in the line-of-duty?
NOTE: Please consider me a rational person.
Last January, I compared the current disastrous situation with Mexico, which Donald Trump created, when he announced his candidacy in June of 2015. Mr. Trump always seems to need objects, which he can later blame for his own mistakes or inadequacies. In fact, ever since Trump’s irrational attacks on Mexico began, the possible reaction could present a much clearer and more dangerous situation.
In October of 1962, President John F. Kennedy averted the Soviet Union’s installation of Inter-Continental Ballistic Missiles in Cuba, by establishing a blockade of U. S. naval ships around the island nation. Allowing ICBMs, just 90 miles from our shares, would have been courting a similarly dangerous situation, between the two nuclear superpowers. Luckily, Soviet Premier Nikita Khrushchev “blinked”, and the ships returned to Russia.
Given Trump’s raucous attacks over the past two years, current Mexican President Enrique Pena Nieto, who had previously been lagging in popularity, has dropped even farther in the polls. The Mexican economy has stagnated, partially due to a halt in corporate investments until Donald Trump decides, for sure, what the status of NAFTA will be! Keep in mind, as well, that Russia and now China, have b been building trading relationships throughout South America, and Mexico might be of interest to them.
Ironically, as America tries to determine whether there was any possible Russian involvement in our Election, last November, Donald Trump has apparently contributed toward a probable Presidential turn-over in Mexico. If Donald would have considered the facts—only 5.6 million undocumented Mexicans were in the U. S. in 2016, as compared to 6.4 million in 2009, according to a new Pew Research Report—we wouldn’t be in this situation.
Senior Andres Manuel Lopez Obrador, the leftist former Mayor of Mexico City, appears favored to win the Presidential Election on July 1. Andres Oppenheimer writes that, when he interviewed Lopez Obrador, two years ago for the Miami Herald, he sounded exactly like Communist Hugo Chavez, the deceased former President of Venezuela. Lopez Obrador further places the blame, for the current deadly riots in Venezuela, on the political opponents of current President, Nicolas Maduro.
U. S. Secretary of State Rex Tillerson’s comment, earlier this week, announced that the Trump Regime would no longer insist that countries we deal with, must abide by our values. Those would include Democracy and Human Rights. In that case, Donald Trump; might develop a closer relationship with Mexico, if the favored Lopez Obrador, who might have Communist tendencies. is elected President. Of course, Donald might then have to accept the ramifications—of having either China or Russia, literally on our doorstep!
DONALD TRUMP PLANS TO EVISCERATE THE STATE DEPARTMENT BUDGET, BY 30%! DOES HE STILL HATE HILLARY CLINTON THAT MUCH?
When Secretary of Defense, James Mattis, heard that the State Department Budget would be slashed by 30%, he said: “I’m going to need a lot more bullets!” As a retired Marine General, Secretary Mattis understands that the dollars spent by State are worth more than those in the Pentagon’s Budget. Similarly, 150 retired generals and admirals signed a letter to Mr. Trump, asking him to re-consider this down-sizing; because, they know how State Department programs can partially offset the need for Military action!
Throughout the entire Trump Regime, there are only a handful of key staff positions—Deputy and Assistant Secretaries—that are filled. Also, since these are political appointments, they would need to go through the often tedious Confirmation Process.
While 200 key positions remain vacant at State, it is expected that the Department might not be up to full-strength, at the key levels, until well into 2018.
Due to the size of the State Department, with some 170 overseas locations, the void at the top is especially debilitating. Secretary Tillerson must travel quite extensively, mostly out of the country. Who, then, would be in-charge when the Secretary of State is overseas? He surely needs several key assistants to keep things functioning properly.
Donald Trump appears to know nothing about Foreign Policy, nor does he seem intent on learning. Rex Tillerson, his Secretary of State—who should be his Chief Foreign Policy Advisor, was the CEO of Exxon-Mobil Corporation, and is a diplomatic novice, as well. With both Trump and Tillerson lacking in any form of Foreign Policy experience, who do they call when they need help…NOW?
Secretary Tillerson, in his former career at Exxon, knows that any confident executive would have screamed holy murder at a 30% budget cut.—especially for no apparent reason! Budget-size reflects relative importance—in government, as well as business. Mr. Tillerson, however, apparently didn’t bat an eye. What kind of message does that down-sizing send to the world, at large, about how America views Diplomacy?
Besides America’s vast global network of Embassies and Consulates, the State Department provides leadership and financing for numerous vital programs: eradicating illnesses such as malaria and diphtheria; empowering women in combatting rape, incest, honor-killings and sex-trafficking; promoting education and micro-banking; and providing clean water and sewer systems to rural area. Such programs help enable disadvantaged regions to become more economically aligned with the rest of the world.
Given the Importance of the State Department, as the face of America to the rest of the world, I can only wonder why its Budget was slashed so significantly. Besides the many geopolitical trouble spots, let’s not forget growing starvation due to Climate Change, and the potential for medical pandemics. Why…WHY is Donald Trump trying to eviscerate the very Department of State? Does he hate Secretary Hillary R. Clinton that much?