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James Carville's famous political maxim ("It's the economy, stupid") needs updating. As we all ride out the Trump Slump in various ways, what we've got now is: "It's the stupid economy." The people running things are stupid. They are making stupid decisions. They have no clue whatsoever what they are doing, and it shows. Stupid is as stupid does. Welcome to The Stupid Economy, folks.
So, does everyone feel wonderfully "liberated" now?
President Donald Trump, in his second term, decided to liberate himself from having any adults in the room when he made important decisions. Instead, he surrounded himself with ass-kissers and other assorted sycophants, all of whom tell him he is great no matter what crazy notion pops into his head.
This is the result. Yesterday, the Dow Jones average lost 1,600 points. Today it lost another 2,200 points. Trump has singlehandedly crashed the economy -- and we're only two days in.
In keeping with the "world turned upside-down" nature of this week, we are going to start with a few things that haven't been front-and-center, then we'll circle in to a bigger-picture take, and finally we'll fit in the big story of the week at the end.
President Elon Musk and his figurehead Donald Trump inched closer to a constitutional crisis (once again) last week. It still hasn't been fully resolved, so we've all got more of this to look forward to next week as well.
Trump invoked a law from the 1700s this week which would allow him personally to determine who gets deported. No due process, no hearing before a judge -- none of that. Just Trump deciding: "I don't like this guy, let's kick him out." The Alien Enemies Act is only supposed to apply when the United States is at war with another nation, and has only been used three times -- the most recent being the shameful internment of Japanese-Americans during World War II. But as far as Trump is concerned, it doesn't matter than we aren't at war, he just doesn't want to deal with the courts at all.
As is now the new normal, there were so many things happening in the political world this week it is hard to keep track of them all. But what is currently in the center ring is the vote happening in the Senate on the continuing resolution to fund the government for the rest of this fiscal year.
While the biggest political spectacle of the week was the president's big speech to Congress, the biggest political news of the week was actually the American economy reacting to Donald Trump's on-again-off-again, now-you-see-them-now-you-don't tariffs. The whiplash began at the start of the week and hasn't fully subsided yet. Taken together with all of Trump's other disruptive wrecking balls, economists are now starting to talk about the possibility of an upcoming "Trump recession."
Remember when the Republican Party, as a whole, absolutely revered the memory of Ronald Reagan? It really wasn't that long ago. Their devotion was so pronounced that we even took to using the term "Saint Ronald of Reagan" whenever we wrote about Republicans lauding him to the skies, just to poke fun at their deification (or at the least, canonization or beatification) of a politician that, in our humble opinion, really didn't deserve such devotion.
Jumping forward to the present, each incoming president gets to choose how to decorate the White House, which includes the art on the walls of the Oval Office. We have to say it was somewhat of a surprise to learn that Donald Trump in his second presidency chose to hang a painting of Reagan on the wall overlooking the same desk Ronnie used to sit behind. We learned this fact from the following article, which (please note) was written before what just happened in the Oval Office today:
The first month of the second presidency of Donald Trump is now over. Only forty-seven more to go!
That, of course, is a daunting prospect, but we can at least open with some good news this week: Trump is already wearing out his welcome with the public. The presidential "honeymoon" period is apparently over (almost before it began). Trump started off his second term with historically dismal ratings, although they did best one previous president -- himself, in his first term. His job approval numbers were actually at 50 percent or just above when he was sworn in this time around (which, as mentioned, every other modern president has beaten), so he could at least claim a majority of the public was behind him. Not any more.
It's hard, as each new week goes by, not to get distracted by all of the chaos emanating from Washington. This week, we're going to begin by connecting a few dots that really need connecting, and (so far) haven't gotten enough attention (in our humble opinion).
Before Donald Trump became president again, both he and his MAGA choir spent a lot of time decrying "censorship" and wailing about their "free speech" being somehow suppressed. This was largely due to social media sites policing their allowable content, and occasionally removing objectionable or flat-out false posts and even kicking people off their platforms.
We aren't even three weeks in to the administration of President Elon Musk, and already he has instituted an ideological purge the likes of which America has not seen since the time of Senator Joe McCarthy. Except this time they're not rooting out communists (or suspected communists, or communist sympathizers) but instead just "people they don't like." Or maybe "people who have pissed off Elon" -- that's probably closer to the reality of it.