"Call me irresponsible, call me unreliable
Throw in undependable too"
Lyrics by Sammy Cahn, "Call Me Irresponsible" 1962. Winner of Academy Award for best original song, 1963
The U.S. is no longer considered trustworthy in matters of trade and national defense.
We are irresponsible, unreliable, and undependable.
The rest of the world is making adjustments.
Middle-class Americans had been falling behind for years — not all at once, but gradually, enough to feel it. I saw the discontent up close at Trump rallies in 2015 and 2016. The crowds were hearing a barely-coded economic and racial message they recognized. You are getting screwed, Trump told them. The system is rigged against you.
He punched down at Black Americans who he said had gotten ahead illegitimately. Obama was a fraud — born in Kenya, he claimed. Immigrants from Mexico and Muslim countries were criminals, terrorists, freeloaders. The elites had built a swamp. Trump alone knew how to drain it.
We bought it. And we bought it again in 2024.
Donald Trump is on us — the American electorate. We knew he stiffed vendors. We knew he lied to his wives, his banks, his bondholders, and to us. We knew he dealt in fantastic exaggerations and outright fabrications. But the man can sell. He seems so frank, so direct, so certain.
Donald Trump is a package. When you elect the man who shakes up America's immigration system, election system, and constitutional order, you also get the man who shakes up the international system. He flipped American support from Ukraine to Russia. He's walking away from NATO. He invented arbitrary tariffs on long-established trading partners, threatened Mexico and Canada, and declared he wants Greenland. He partnered with Israel to go to war against Iran, then abandoned the effort when it went badly.
Foolish Israel. It trusted us.
The Pew Research Center has put numbers on what the world now thinks of us.
------ ------Under an agreement with President Obama and Michigan officials, Canada paid six billion dollars to build the bridge. Now, at completion, Trump says he won't allow traffic to cross it. Prime Minister Mark Carney called it "a great example of cooperation between our two countries." Michigan's leaders praised it as "an incredibly important infrastructure project" for jobs and the state economy. Trump is unhappy with Canada and Carney, so he's holding the bridge hostage until Canada hands over half of it and compensates the U.S. for an ambiguous "everything we have given them."
There is a wrinkle. The bridge competes with another bridge — one that pays tolls to a major Trump donor.
The bridge will presumably open eventually, under some arrangement. But Trump has leverage, because Canada has already spent the money. The bridge is worthless if it can't be used. Canada made the classic mistake: doing the work first, then letting itself be exposed to Trump reneging. Trump built a career stiffing contractors who did exactly that on his real estate projects.
Foolish Canada. It trusted us.
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The world doesn’t trust us and neither do I. Who succeeds more, people with friends or people who are not well thought of? Does the saying it’s not what you know, it’s who you know answer the question? My experience is that reliable, nice people do well, and it’s something I strived to be. I wish the US could be that way. Being a good guy with a white hat beats a bad guy with a black hat, at least in the 50s it did.
ReplyDeleteYes, it’s pretty mind-boggling that we’re allowing this to happen. Yet, in spite of all you say being true, Trump’s overall approval rating remains about 42% (https://www.realclearpolling.com/polls/approval/donald-trump/approval-rating).
ReplyDeleteHe’s a felonious peddler of lies, anger and hatred who is remaking our democratic republic in his own disgusting image. But as deplorable as Trump may be, his supporters are even worse for giving him the power he now has to do so much damage. If it weren’t for them, he’d just be another common criminal.
I know he stiffed a lot people in Atlantic City. For instance, he went to the employees union at his casino and offered to make them money from their union dues. He took the money and did well. Then, when he went bankrupt kept the profits and just returned the original money. Somehow, he did it legally.
ReplyDeleteAnother time he decided to upgrade his Trump Plaza casino. I was there. Lots of new chandeliers among other improvements. Then he went bankrupt. Therefore, the casino was worth more because of the improvements so he could write off more. The companies who provided the hardware and workers? Didn't have to pay them because he was bankrupt. Some of those companies went bankrupt themselves all because they trusted him.
Another time he had ordered some kind of special furniture. When it was installed, he decided not to pay for the work. Why? He just said he didn't like it so he didn't have to pay. Too bad for the company. The interesting thing is that when a new project came up, he invited that same company to bid on it. Makes you wonder.
If you're going to do business with Trump, keep your hand on your wallet because he's going to figure a way to steal it.
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Doing any kind of business involves a certain level of trust. Anybody who still trusts trump has to be a crazy as he is.
DeletePeter C - I always wondered why few contractors and subs exercised their material lien rights on his properties which would have made the properties encumbered and illiquid and eventually using foreclosure to satisfy the liens? Apparently it was done successfully a few times (e.g Miami Doral golf course and the DC hotel). But why so few? I know he’s got deep legal pockets but this is pretty bread and butter legal stuff.
ReplyDelete