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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: robert b furman who wrote (58032)	4/27/2022 11:32:54 PM
From: Sun Tzu	7 Recommendations of 98728

Bob, there are many perspectives on what the right policy is and I am not going to discuss the politics of Trump. But I think we can agree that a "leader" who cannot lead is nothing. Trump's cabinet was a revolving door. The stories that came out of Trump's White House were all very consistent on how toxic that environment was. Any president who cannot manage and win the loyalty of his cabinet members is not fit for the office. You can love him or hate him, but you cannot deny how ineffective and divisive he was. This was even more shocking given the grip he had on the party and that GOP controlled all 3 branches of the government. That is not good for the country. I get it that the country is polarized and that no matter who is in the office half the country hates him. But every other president at least tried to be the president of everyone and tone down the divisiveness. Trump is the only one who exploited it and did not even pay lip service to being the president of a united group of states. He was just the president of those who voted for him. And I am saying this as someone who actually cheered his election as a victory for American democracy (you can see my SI post on that the morning after he was elected) and also as someone who thought some of Trump's solutions were brilliant. And I very much appreciated that he was not trigger happy and reduced the US engagement in forever wars. So I am not in the camp who believes he was the devil's spawn. As to the economy (and a lot of other things), there are huge limits to what a president can do. As AJ pointed out, the Fed has more power over the economy than the president. And furthermore the environment and conditions that you inherit constrains the president a lot more than most people pay attention to. This includes the commitments made by the previous admins and the global landscape. Biden is pursuing a very dangerous foreign policy road. He thinks that the US will always be the winner. But there is always a chance that you lose and the stakes he has raised are too high.

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