During the presidential campaign, no one worked harder to get anyone but Trump elected than NYT writer Ross Douthat. His columns were a daily dose of Trump hatred. But today he is admitting that he had it all wrong and that Trump has shown amazing leadership and know how in the area of foreign relations. Douthat singles out Trump’s ISIS plan in particular in the column that he wrote titled “The War Trump Won.”
“If you had told me in late 2016 that almost a year into the Trump era the caliphate would be all-but-beaten without something far worse happening in the Middle East, I would have been surprised and gratified.”
“[F]or now, the Trump administration’s approach to the Middle East has been moderately successful, and indeed close to what I would have hoped for from a normal Republican president following a realist-internationalist course.”
Douthat now says that he and the other Trump haters in the press has not been fair to the president or are willing to admit his policies have been a success. He says that Trump’s victory over ISIS because it doesn’t fit into their narrative that as president, Trump is a disaster.
The same thing is happening to the economy. Remember before the inauguration how “expert” economists said the economy would collapse in just a month or two?
Prominent economists warned investors the day after the U.S. presidential election to brace for a recession; possibly, in the words of one, “a global recession, with no end in sight.”
With overseas markets thrown into upheaval overnight as election results came in showing that Donald Trump had won the presidential race, Nobel prize-winning economist and New York Times columnist Paul Krugman warned late last night that the economic fallout could be unprecedented, calling the election results “the mother of all adverse effects” on the still-fragile U.S. economy. “What it brings with it is a regime that will be ignorant of economic policy and hostile to any effort to make it work,” he wrote.
Krugman wasn’t the only economist expressing concern on Wednesday. Nordea Chief Economist Helge Pedersen predicted in a note to clients that Trump’s anti-globalization stance and protectionist trade policies could result in a trade war that would trigger a recession, according to Bloomberg. HSBC chief US economist Kevin Logan wrote in a note to clients Wednesday that Trump’s economic policies “would likely put the economy into a recession after a year or two,” Business Insider said.
Others were less circumspect and more blunt in their assessments. “How President Donald Trump will wreck the world economy,” read a headline in the U.K.’s The Independent. “Welcome to the Trump Recession” read one on 24/7 Wall St.
So why is the stock market so strong? Because unlike the liberal media, the investors are gambling real money and do not let deranged hatred control their business. It’s easy for pundits who risk nothing but their limited credibility to make outlandish predictions in order to create a panic that will make their predictions come true. And some of those pundits such as Paul Krugman had nothing to lose since his credibility left the building ages ago. He proves that old adage to be true. “He who can, do. He who can’t, teach. He who can’t do or teach, write for the New York Times.”
But in spite of these dire predictions, the economy is on a tear not seen since the days of Ronald Reagan. The stock market sets new records every week, the GDP has blown away the predictions of the economists, manufacturing jobs that Obama said were gone forever are making a dramatic comeback. Monthly job reports are way up and new unemployment claims are way down. People who left the job market under Obama are returning in the new job market Trump has created.
By the same token, while many see the danger in Trump’s handling of North Korea, because he swerved away from the Clinton/Obama policy of buying off North Korea to avoid conflict. Do you remember when Bill Clinton gave NK 2 nuclear reactors, a large quantity of nuclear fuel and 250 million dollars in return for their promise not to build a nuclear weapon? How did that work out for us? N Korea took the fuel, reactors and money and converted them into a nuclear weapon industry, totally funded by the United States.
Watch this video of fake news coming from CNN before the presidential election. How stupid does this look now?