SCOTUS Warning Shot
The Supreme Court yesterday approved Trump's watered down travel ban with 7 countries. But less noticed, were the warning shots contained within the majority opinion by Chief Justice Roberts and the concurring opinion by Justice Kennedy.
Roberts went to great length, to basically say, "there are presidents that have lived up to our ideals and some who have not".
Justice Kennedy might as well have - relative to a judge - screamed into a US and Radio Free America microphone, in saying "It is an urgent necessity that officials adhere to these constitutional guarantees and mandates in all their actions, even in the sphere of foreign affairs. An anxious world must know that our Government remains committed always to the liberties the Constitution seeks to preserve and protect, so that freedom extends outward, and lasts.”
So Trump finally got his travel ban. (I am not bothering to look up how long it took, because there are dog-days, human-days and Trump-days which are galactic measured in too many tweets to count). But he opened the door for SCOTUS to warn him that counterclaims of constitutional overreach by Trump in his defense will not find safe quarter where the justice buck stops.
Tired of Winning Yet?
So, Harley Davidson due to tariffs, is moving jobs to Europe. While I am pretty sure that a significant amount of Harley owners, don't care and are cheering Trump on, the people who make them across the US do care.
Then there is the trade war with China and how it is impacting farmers future viability and the value of their land. https://www.cnbc.com/2018/04/06/donald-trump-wants-protect-us-farmers-from-chinas-tariff-but-trade-spat-may-widen.html How are those Trump voters going to feel in 2020?
We could get into aluminum and steel and others, but you get the point.
Any Econ 101 student understands that free trade lifts all boats. And knows that trade wars - not only drains the water - but ends in shipwrecks. This goes back thousands of years. One country/region can make tea, and the other can make sugar and they decide to trade. They both double their market and economy. Great, right? Then some King decides he is getting ripped off, stops trading and his people have to get used to 1/2 of their economy being eliminated. Spoiler alert - the story ends badly.
The post-World War II economy and the WTO expansion in the post-Cold War - after the disaster of the 1920's restrictions on trade and immigration (driven in large part by post-WWI racial/ethnic xenophobia) - takes the tea/sugar example and multiplies that by numbers too high to count.
It is just too bad, too few people, went to such a basic class in HS or College as Econ 101. Trust me. If Trump keeps eroding all that was built by the US for the US - handed to him by each president from Truman to Reagan to Obama - the masses will notice when they are economically cut to shreds. You think the 2008 Financial Crisis was bad? Wait for the 1929 sequel. Same spoiler alert.
June 27, 2018