Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Wednesday, April 30, 2025

The Five Worst Things of POTUS 47’s First 100 Days

April 12 was the 80th anniversary of the death of Pres. Roosevelt, who first referred to “the first 100 days” of a president’s term. Yesterday, April 29, was the 100th day of Pres. Trump’s second term. What a difference between those first 100 days of one of the best U.S. presidents and the first 100 days of one of the worst!*1 

The U.S. was in terrible shape when Roosevelt was inaugurated on March 4, 1933. The first 100 days of his presidency were pivotal in turning the nation toward recovery and saving the country, which was “in the throes of an unmatched calamity” and “on the brink of collapse”.*2

In March 1933, almost 25% of the civilian labor force (15,500,000 people!) were unemployed. And on his inauguration day, the most immediate challenge facing the new president was the imminent collapse of the US banking system. 

Jonathan Alter is an American journalist and best-selling author. One of his significant books is The Defining Moment: FDR’s Hundred Days and the Triumph of Hope (2006). On the first page of his book, Alter avers that in March 1933 the U.S. was experiencing “its greatest crisis since the Civil War.”

The U.S. was in relatively good shape when Trump was inaugurated on January 20, 2025. Of course, there were problems, but the recovery from the debilitating COVID-19 pandemic was better than that of the world’s other industrialized countries. The unemployment rate was low (4%), and the inflation rate was down to 3% from the pandemic peak of over 9% in 2022.

In the very first paragraph of his inaugural address, Trump said that “the golden age of America begins right now.” He vowed that every single day he would put America first and that his top priority would be “to create a nation that is proud, prosperous, and free.” He emphasized how bad things were currently and declared that “from this moment on, America’s decline is over.”

To a large extent, his promise to “make America great again” meant going back to the way things were before Roosevelt. That had long been the strong desire of right-wing politicians and a large segment of U.S. citizens who had long listened to easily accessible conservative “talk radio” programs and Fox News telecasts. Trump’s campaign rhetoric exploited that desire.

In the early 2010s, I was teaching a night class at Rockhurst University in Kansas City, and on the way home I would listen to a local AM station. That meant I often heard the rantings of Mark Levin.*3 He often said the U.S. needed to go back to the way it was 80 years ago, and I finally realized he meant going back to the way things were before FDR.

So, what are the five most harmful things Trump has done during these first 100 days of his second term? The following is my tentative list with only brief comments about each—and I could be persuaded to revise my list by readers who suggest something they see as worse or who think these “worse five’ should be ordered differently.

1) Harm to world peace. Because of Trump’s rhetoric and actions, the likelihood of warfare with the use of tactical or even strategic nuclear weapons has become greater in the last 100 days. His coziness with Putin, his negative views of NATO, and the current tariff war with China are troublesome signs of what might possibly happen in the not-so-distant future. 

2) Harm to the global environment. On inauguration day, Trump signed an executive order directing the U.S. to again withdraw from the landmark Paris climate agreement. Then here in the U.S., he has made multiple moves to do away with environmental programs designed to slow global warming and ecological collapse.

3) Harm to needy people at home and abroad. In February, the Trump administration said it is eliminating more than 90% of USAID’s foreign aid contracts and $60 billion in overall U.S. assistance, which eliminates the majority of U.S. development and humanitarian help abroad. Other cuts remove funding designed to help the neediest people in the U.S.

4) Harm to the worldwide economy. As CNN posted on April 28, “Trump took the US economy to the brink of a crisis in just 100 days.” On the same day, Reuters wrote, “Risks are high that the global economy will slip into recession this year, according to … a Reuters poll, in which scores [of economists] said U.S. President Donald Trump's tariffs have damaged business sentiment.”

5) Harm to the rule of law. Domestically, Trump’s furor over migrants in the U.S. has led to the repeated rejection of “due process,” which is the bedrock foundation of the rule of law. According to CBS on April 23, Trump “is now arguing undocumented migrants should not be given a trial where they could challenge being removed from the country.”

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*1 According to the conclusions of the 2024 Presidential Greatness Project (see here), Roosevelt ranked number two, following Abraham Lincoln, and Trump was 45th, dead last—and there is ample reason to think that Trump’s second term so far is worse than his first. 

*2 The words cited are those of Naftali Bendavid, the senior national political correspondent of the Washington Post. “Trump claims mantle of FDR’s first 100 days, but differences are stark” was the title of his April 28 post.

*3 As I learned on Wikipedia,A 2016 study which sought to measure incendiary discourse on talk radio and TV found that Levin scored highest on its measure of ‘outrage’." He also “helped to legitimate the use of uncivil discourse.” Earlier this month, Trump appointed Levin to become a member of the Homeland Security Advisory Council. It is not hard to understand why Trump appreciates what Levin has been saying on talk radio for so long and more recently on Fox News.

Note: To those of you who like statistics, I encourage you to take a look at "How Low Can Trump Go" a Substack post made yesterday by Rachel Bitecofer​ regarding Trump's polling numbers (click here--and let me know if you have trouble accessing Rachel's Substack post).

Tuesday, December 31, 2019

2020 Vision

Similar to what I did at this time last year, I am basing some of this last blog posting of 2019 on a special issue of The Economist, the highly respected British news magazine that has been published since 1843. Fairly early in December, I received that issue titled “The World in 2020” and found much of considerable interest in it. First, though . . .

Happy New Year of the Rat!
As I have often done, I am beginning this end-of-the-year/New Year’s posting by referring to the Japanese (and Chinese) zodiac. Following the ancient 12-year cycle, 2020 is the year of the nezumi in Japan.
In English, the East Asian New Year is usually called the Year of the Rat, but the same Japanese word is used for rat and mouse, so New Year’s greetings, etc., are often portrayed by images that look more like cute little mice than repulsive rats. For example, look at this picture of a Japanese New Year’s card: 
Despite the prevalent negative feelings about rats in this country, June and I have a somewhat different sentiment, for two of our children were born in the year of the Rat. In Japan that is not considered a bad thing at all; people who are nezumi-doshi (born in the year of the Rat) are said to be “charming, honest, ambitious, and have a tremendous capacity for pursuing a course to its end” (from “The Twelve Signs of the Japanese Zodiac”).
U.S. Politics in 2020
In my 2018 end-of-the-year blog posting, I wrote that there seemed to be “a strong possibility” that the President would be impeached” in 2019. Well, I called that one right.
I also wrote that the President probably would not be removed from office by the Republican-majority Senate. That decision is now part of the political agenda for the beginning of 2020, but the likelihood of the Senate not convicting the President is probably stronger now than it was a year ago.
The biggest political question for the U.S. in 2020, of course, revolves around the November 3 election. Who the Democratic Party will choose to go up against DJT is anybody’s guess at this point. And even though there is a strong appeal to Democrats and Independents to “vote Blue no matter who,” the populist support for DJT is amazingly strong and resilient.
Daniel Franklin, the editor of “The World in 2020” issue of The Economist writes that there will be “a febrile [= “having or showing a great deal of nervous excitement or energy”] election in November.” He adds. “It will be ugly.” That prediction will almost certainly prove to be true.
Editor Franklin goes on to say that the artificial intelligence he consulted “reckons Mr Trump will lose.” (Can we trust that prediction, or is there “fake AI”?)
The U.S. Economy in 2020
Last year The Economist repeatedly mentioned the possibility of a financial recession in 2019. That, fortunately, did not come to pass. In fact, since Christmas the U.S. stock market has hit all-time highs.
However, for 2020 the editor-in-chief of The Economist not only predicted “febrile politics” but also a “faltering economy.” He writes, “Unfortunately for Mr Trump, a noticeable cooling of the American economy will challenge his claim to have made America great again.”
Will that prediction be more accurate than the similar one was for 2019? Who knows? Certainly, no one has 20/20 vision of what will happen in 2020.
Personally . . .
Although it will not mean a major shift of emphasis, I decided on Christmas Day to start spending more time, especially at the beginning of each day, thinking about “eternal” / “spiritual” matters rather than temporal/political concerns—not that those two spheres are unrelated.
Throughout the coming year, I hope to keep firmly in mind the following words recorded in 2 Corinthians 4:18.
We don’t focus on the things that can be seen but on the things that can’t be seen. The things that can be seen don’t last, but the things that can’t be seen are eternal (CEB).
It remains to be seen how much this will affect the blog articles I will be writing and sending to you, my dear Thinking Friends, throughout 2020.
Happy New Year to each of you!