Showing posts with label US Elections.. Show all posts
Showing posts with label US Elections.. Show all posts

Wednesday, August 26, 2020

Trump Unbundled

 People deserve the leaders they choose. This is all the more valid for democracies where the assumption is that the electorate is educated and politically astute. Four years ago as Donald Trump created a divisive agenda and embellished a campaign with lies and racist slant one felt the United States of America was getting what it deserved. Even though one knew Trump had hijacked the Republican Party there was an inner voice that hoped he could step in as the 45th President and change by embracing the statesmen like qualities that the Oval Office thrusts upon its incumbents.

Four years later and the circus of the US election is unfolding again. It is obvious that there is a hard core of Trump supporters who continue to embrace President Trump believing in the hyperbole he has been spinning. It is unlikely that die hard core of his base will embrace the truth of Trumps failures as a man and as a President even when faced with his lack of action on the COVID 19 pandemic that has left close to 180,00 Americans dead. The fact he has embraced white supremacists, ridiculed minorities and shunned responsibility for the failures of his office do not matter to them. 

In 2016 the media played into Trumps strategy by giving him more air time each time he made unspeakable remarks and in a sense gave a platform for his views rather than ignoring him. Now the challenge is to unbundle this President even though Trump has a state machinery to defend the agenda and his position. However, one must admit that Trump’s success in 2016 was also on account of the failures of the Hilary Clinton campaign who ignored the states they were traditionally strong in and the Democrats just could not mobilise the voter base who could have titled the balance in their favour.


The challenge will be how to take an electorate who are increasingly apathetic towards the 2020 election to go out an vote? The choice is Trumps dramatic but untrue characterisations versus the Biden camps search of a meaningful message. Trumps assurance is his base, some of whom may have wavered but the question remains if he has marshalled in enough to replace those he lost. Yet it is clear his base also envisions cannot get him elected. In 2016 there was a large blue collar work force who were disgruntled with Hilary Clinton strongly enough to swing to the Trump camp. Biden and his team have to focus on these key segments in addition to the large number of people who did not vote in 2016.

To unbundle Trump is more a matter of focus on his content of his failures rather than a generic denunciation of the man. As we saw in 2016 some of the worst gaffes and revelations (the Hollywood tape, Stormy Daniels etc) did not faze him or his base. Unlike the previous election this time his character flaws can be pitched against his policy failures and this should be the focus of any challenge to Donald Trump.

His Presidency has left a litany of lies, and behavioural flaws most if not all of which have effected policy.  The unbundling of Trump is therefore a unique journey into the mind of a man who can only evoke two emotions; you can either love him or hate him, but ignoring him is no more possible.

Trumpism is to embrace the lies.

There is a plethora lies that can be attributed to Donald Trump, to he point he is labelled as a serial liar. Through this summer he has averaged at over 250 lies a month! What is amazing is that Trump continues to utter his lies over and over based on the dictum that if you utter a lie often enough people will believe it to be the truth. This certainly was the case with his accusation that President Obama was not born in the United States, which some of his followers still believe to be the truth. 

When faced with the gravest threats to US society in the shape of the COVID-19 pandemic Trump continued to lie about the gravity of the crisis and the measures he was taking. Sadly as US citizens died each day at an alarming rate President Trump claimed US was a leading example of fighting the pandemic, so much so that claiming the effects of the virus in the US were minor. At one point he was touting untested remedies for the COVID-19 and consistently denying there was a crisis. It was a clear case of the liar believing his version of reality and anyone who did not buy into that reality was enemy.

Politicians, including Presidents, are prone to stretch the truth, but Donald Trump does not bend the truth he simply creates his own version of the truth through a web of lies. One wonders when his wife, Melania, at the RNC meeting stated that people expect the President to tell the truth was it a tongue in cheek reference to her own husband.

Disavowing his former allies.

In Trumps White House it’s been normal to a cavalcade of officials be appointed and then to exit, some within a few weeks. The exits were either because they fell out with Trump and his inner circle or resigned in the face of criminal investigations. Upon their appointment Donald Trump has espoused lavish praise on the appointees calling them ‘very good’ people and upon their exit calling them losers. In cases where his former associates have been criminally charged Trump has been quick to state that he only knew them fleetingly and distanced himself from them. The most glaring fallout was with Steve Bannon, former chief strategist for Trumps election bit and then and advisor. During the early years of Trumps Presidency Bannon was a permanent fixture at the Oval Office and now discarded and facing a criminal charge Trump can only say that Bannon worked for his administration but he did not know him that well.

It would seem that Trump has no sense of loyalty to the people who have  served his cause. They are as good as their total subservience and submission to Trumps whims is the only barometer of acceptance by the President. Loyalty to Mr. Trump is a one way street and explains why sycophancy is the order of the day and a necessary qualification to work with Mr. Trump. This implies that the President will not necessarily get the best advice since there is a propensity on his part to surround himself with yes men. 


Ego before nation.

 Most people who have known Donald Trump attest to his over grown ego. He does not want to be ignored and resents attention to anyone but himself. This ego also shapes the self image that Trump carries to the extent that he considers himself smarter than anyone else, brighter than the best scientists, and considers his art of the deal implies he can negotiate with anyone, including dictators in North Korea or the NATO leaders. Having an over sized ego is one thing but in Trumps case he holds a vindictive nature against people who may be considered better than him. This explains his benign hatred for President Obama and everything the previous administration achieved. 

The result of this egoistic trait has meant that valuable time and resources have been wasted on proving he can deal with North Korea, when the lack of results shows how his ego cannot be out before the national interest. Trumps position on climate change, Immigration, healthcare and Russia show how one mans ego has been the focal point of a policy that he cannot rationalise. 

Trumps Achilles heel.

In 2016 Trump came under pressure to release his tax returns to which he declared if he won the election he would do so. Four years later not only have the tax filings not been released he and his lawyers have Ben fighting the courts which have ordered their release. What is it that Trump does not want to be disclosed?

Here is a theory, and mind you only a theory. Let’s go back to 2014 and Trump is flirting with the idea of entering the Presidential race. It was no secret amongst top banks that Trump was a risky client and since his earlier bankruptcies top western banks avoided lending to the Trump group. The exception was Duetsche Bank who at one point had an exposure of $2 billion to Trump companies. In addition there were a number of syndicated loans on projects where Trump was a significant minority shareholder in a project.  For instance the developer of 1290 Avenue of America, in which Trump owns 30% equity borrowed from a consortium of banks almost $1billion of which $ 211 m was provided by Bank of China. The loan was signed in November 2012. Around the time of the election in 2016 Bank of China denied it had leant the money however in 2017 its name appeared on listed of banks holding a mortgage on the said development. If it was an arms length transaction why would the bank deny it ever loaned the money? 

Now here is the theory and at the outset one must state that it is entirely conjecture. Prior to the election banks lending to Trump got nervous that a risky client would be impossible to handle if he became President. Some of these banks called in their loans. It is possible that some of these loans were bought by Russian banks and this may explain why Trump has been soft of Mr Putin and Russia. This would explain why the battle for the tax filings is so important as it would reveal the trail of the financial dealings. 


Either way whether true or not it does make an interesting plot for a financial thriller.



As the final run for the election of the next president heats up Americans have to make a moral choice not an emotional choice. One can excuse any number of Trumps failures and indiscretions but forgiving him for his failure to handle the COVID-19 pandemic is something one cannot do.  Jimmy Carter lost the election for the handling of US hostage crisis in Tehran, but today with thousands of Americans having died of the COVID-19 virus Trump not only survives but thrives on laying blame on others or flatly denying that he failed. If Trump is to be judged solely on his handling of the pandemic then he will lose the election. This is where the soul of America will be tested; is a second term for Trump worth more than 179,000 dead Americans?










Saturday, October 15, 2016

Trump's Slash and Burn Strategy.



Faced with a mounting wave of allegations from women about sexually inappropriate behaviour Donald Trump has gone to the trenches to do the one thing he knows best to do; hit back! A characteristic of Trump through this campaign has been to fight criticism with fire and never actually answer the critics. He went after Megan Kelly, perhaps his first tirade which should have made us balk and think what is this man up to? When the father of fallen US soldier confronted Trump the result was an almost all night Twitter tirade against the fallen hero's father. More recently and after a better performance at the second US Presidential debate, Trump thought the most important thing for him to do was to defame a former Miss Universe on Twitter at 3 AM!

In the past four days the Trump campaign has announced the 'shackles are removed' and the result is that the tone and the tenor of the Trump camp and more his words have spiralled into a school boy tantrum. However, school boy tantrums usually start and end in the back yard or the school parking lot. Here we are talking of the GOP Presidential nominee who has blamed the Press, the System, the women who accused him as being 'horrible horrible liars'; almost as if his saying it makes it true. In a final coup degrace he has even gone after those within the GOP political set up who would have dared to have found his lewd remarks on tape as offensive.

This is the profile of a sore loser, but not a sore loser in the making, a sore loser in character and temperament which is ingrained into his personality. His vision of 'make America Great Again', while emotionally appealing lacks his own understanding that the die hard supporters who will ignore his sexual predatory personality or his offensive attacks on the under privileged, are not the only ones who will cast their vote on November 8th.   The electorate Mr Trump is much larger and much more silent than you can fathom at the moment and each of your tirades is alienating them from your cause.

Trump has already started talking of a rigged election and short of saying he will not accept any result other than him being the winner, he has worked up his fanatic (and perhaps gun toting) supporters to believe that his loss will not because he messed up but because the system was rigged against him. Side by side he has gone after the media and accused them of being a part of the fix against him. The result has been for the first time in a US election media attending Trump events have had to have police protection. Many weeks ago when Trump said at a rally, on hearing a heckler "Get him out of here I tell you I would punch him in the face", most of us thought he was being light hearted in and in a strange twisted way funny. Now the reality of his twisted mind seems to be coming to roost as it is clear that Trump has decided that if he is to go down he will make sure a great many other elements of the US political system and some good things about it will also go down with him.

Trumps new slash and burn strategy is aimed and taking down the independence of the media, calling esteemed newspapers as crooked, even when some of them have told him if he wishes he can sue them for their revelations about his predatory exploits. Trump is also taking down tolerance, family values (which the GOP always said was a cherished ideal of their party), openness to debate the issues and most of all he is working more like a dictator of a banana republic telling Hilary that she will go to jail, (not be tried by a court of law). One of the biggest casualty of the Trump anger machine is the Republican Party and many of its stalwarts must wonder what the party will look like in the months and years ahead.

Trumps myopia is such that he believes he is ahead in the polls, he believes everyone is lying, he believes that media is out to destroy him, he believes that only he has the solution and is somehow genetically more intelligent than anyone else and knows how to defeat the ISIS, fix America, and fix the world. All fine Mr Trump, but step back, think if you can through your Twitter temper, and see that all you had to do is stick to a script, stick to the issues, lay out your plans in more than just ideas, engage with the people you would not normally sit with, and just show us that to be President you need a sense of embracing differences more than just slashing and burning all those who oppose you.


Saturday, April 23, 2016

Trump Economics.


Donald Trump struck me as a smart man when it came to real estate and yet not a robust thinker to avoid the bankruptcies he filed for in the past. He has taken the centre stage of Republican politics in a manner what is frightening; slaying the very ethos of good conduct and class. His appeal to the lower middle class, mostly white, Americans is indeed indisputable, backed by a plethora of fear inspiring words he extolls his audience that he only he can change things for them, and hence for Americans.

Aside from his rude appeal to his followers he has fed them some economic 'facts' which on first glance would tell the uneducated audience that the Trump makes sense. However, even to someone with half the wit to search the internet the facts become clear that either Trump is lying about the facts or he just doesn't know his economics.

There is no doubting the fact that Donald Trump scores a "F" on Foreign Policy, Diplomacy and now even Economics. Lets examine his statements:

1. Mr Trump states that China has devalued its currency to benefit its exports to the detriment of the US.

FACT: Over the past 10 years the Chinese Yuan has APPRECIATED 20% so this would have made Chinese goods more expensive. Clearly Donald Trump has fed the masses a big lie to make his case for a trade war.

2. Trump states that the annual trade deficit with China is $500 billion!

FACT: The trade deficit is about $365 billion and this further needs to be analysed. Of this deficit about $154 billion alone is in the electronics and computer industry goods which are the result of out sourcing the production to China. This, my American friends, is what makes it possible for your Apple phone and computers to be competitively priced. Sure those goods can be produced in the US too, but would cost 30-45% more expensive. You cannot expect to have a good deal at Wallmart on a product and then complain of the trade deficit.

3. Trump: Millions of jobs have moved to China from the US.

Fact: In the ten year period 2003-2013 a total of 3.2 million jobs moved to China from the US as a result of outsourcing. The purpose of outsourcing was two fold; to achieve higher efficiency and to reduce the labor cost component of the product. This is economics and happened to many industries where higher efficiency resulted in job losses. Take the example of agricultural sector within the US where more efficiency within the US alone slashed jobs as higher efficiency was achieved.

4. Trump proposes a trade tariff on China and other countries with a trade surplus.

Fact: A proposed 35-45% trade tariff on Chinese, Mexican and Asian goods will start a trade war with all the trade partners of the US. The end result will be more expensive goods for the US consumer and hence a deep recession the result of which will be the American public will suffer. The advantage of the World Trade pacts is that lower margin goods are produced aboard while America benefits from the higher value goods with better margins being produced within the US.

5. Trump: Within the term of his Presidency he will cut the budget deficit and pay back the huge debt the US government owes.

FACT: The massive government borrowing cannot be repaid in one or two terms of the presidency of ANY president. Saying that he knows how to deal with debts, Trump scares us given that his solution has been to file for Chapter 11 protection and insolvency; hardly a solution applicable to sovereign debt.

Trump scares one when it comes down to realities and while he may well inspire the disgruntled populous to believing he has the solution to building a new America, he remains grossly out of touch with the facts.

Tuesday, November 4, 2008

What a change.

Less then ten years ago we would have said a black American US President was a 'no way' and that the US was not ready for such a step. With the amazing election of President Barrack Obama history has been made, but what is phenomenal that he never once played the ethnic or the race argument in his election campaign and instead concentrated on the issues of the war, the economy and the need for change in American society. From a virtually unknown junior senator he moved to forge the nation forward with a conviction that was infectious and a passion that was calm and his message was consistent. We have to also admire the man who picked off two formidable opponents, first Hilary Clinton for the nomination of his party and then John McCain in a style and way that saw them fall apart.

In this sense Obama was the voice of the young, and the unheard came to the fore with a crescendo that was deafening. He was gracious in his arguments and focused in his temperament allowing John McCain to even speak down to him in the debates, showing for once that while McCain wanted to feed off fear, Obama fed of the message of hope and bringing together an America that has challenges which were the result of the fears that both Bush and McCain, almost by default, were surviving off.

In a world where world statesmen are in short supply Barrack Obama for once has stepped forward and also claimed that role not only for himself but also now sets the stage for America once again to restore respect and dignity in the community of the nations. Indeed this is the moment where not only history is being made but he has offered a rare ray of hope to all, whether you are an American or not..