This is the greatest blunder of Trump’s presidency

There is no way around it: President Trump lost.

He lost his gamble on shutting down the government. And though he will pretend otherwise, he has also lost his grandiose plan to build a border wall that most of the country does not want.

Trump walked away with nothing more than an assurance from congressional Democrats that they will sit down with Republicans for three weeks and try to come up with a border security plan that both parties can agree upon. There’s a reasonable chance they will come up with a solid proposal. But there’s just as much likelihood that Trump’s dream for a wall will die a quiet death there.

Nonetheless, this is the consequence of Trump’s obsession with satisfying the red-hatted, nativist throngs who chanted “build the wall” at so many of his rallies.

Not only do 6 in 10 Americans now disapprove of the job that the president is doing, but his party has also lost the 10-point edge it once held over the Democrats on the question of which party to trust on border security, according to a fresh Post-ABC News poll.

House Speaker Nancy Pelosi (D-Calif.) has shown that she better than Trump understands the art of the deal in Washington. She is the one who succeeded in building a wall — and Trump ran right into it.

Now, as Trump surveys the shambles that his greatest blunder has made of his presidency, the question is whether he and the Republicans learned anything from the five-week calamity that they caused. Will his party be as willing to follow him the next time he leads them toward the edge of a cliff?

If there is even a thin silver lining to the travesty of the longest-ever government shutdown, it is this: The Republicans’ slander of public servants has been exposed for what it is.

When the shutdown began, conservative pundits assured themselves that few Americans would notice or care, because only a quarter of the government was not being funded. By its final day, there was turmoil at airports, slowdowns at the Internal Revenue Service and countless individual stories of federal workers who were forced to find sustenance at food pantries and face agonizing choices between whether to pay for heat or medicine this month. In the Post-ABC poll, 1 in 5 people said they had personally been affected by the shutdown.

The stereotype of government employees as pampered, overpaid, Washington-bound bureaucrats has been around for many years. Republicans have long portrayed them as the enemies of reform and efficiency.

But Trump targeted them as no one did before. From his earliest months in office, he and his allies have portrayed those who dedicate their lives to serving their country as the corrupt, subversive “deep state” — the bottom-feeders of a swamp in need of draining.

As the shutdown began, Trump first made the absurd suggestion that 800,000 government workers were happy to give up grocery and rent money for a construction project on the U.S.-Mexico border that would stand as a monument to the president’s vanity. Then he contradicted himself in a tweet that declared it was largely his political enemies who were feeling the pain: “Do the Dems realize that most of the people not getting paid are Democrats?”

Where a little empathy might have been in order as the shutdown continued, Trump’s team revealed a callousness that would have made Marie Antoinette blush.

Trump economic adviser

  • Kevin Hassett said furloughed workers should be celebrating the fact they were getting time off without having to use vacation days. “In some sense, they’re better off,” he told PBS NewsHour. Commerce Secretary
  •  Wilbur Ross, a billionaire who pads around in custom-made velvet slippers, expressed bewilderment that federal workers would go to food banks instead of taking out a loan from a bank or credit union. And
  •  Lara Trump, the president’s daughter-in-law, dismissed their ordeal as “a little bit of pain, but it’s going to be for the future of our country.”

So it was noticeable that when Trump made his Rose Garden announcement Friday that the government was opening again, he began it by thanking federal workers who had displayed “extraordinary devotion in the face of this recent hardship. You are fantastic people. You are incredible patriots.”

On that point, Trump was absolutely right. Government employees have shown they are all that and more. Which is why they deserve much better than a chief executive who would wager so recklessly with their lives and their livelihoods.

White House Economist Says Economy May Not Grow In First Quarter

Kevin Hassett, chairman of the White House Council of Economic Advisers, noted in a CNN interview that first-quarter growth tends to be relatively weak because of measurement issues and said it could be “very close to zero” if the shutdown persists through March.

“It is true that if we get a typically weak first quarter and then have an extended shutdown, that we could end up with a number that’s very, very low,” Mr. Hassett said. He added that when the government reopens, the economy should recover any lost ground.

.. Mr. Hassett also said he sees the odds of a recession in 2020 at “very, very close to zero.”

On Tuesday, Mr. Trump’s economic adviser Lawrence Kudlow told reporters at the White House he’s “not at all concerned” about the shutdown having a negative impact on the economy.

“No one likes the hardship that people are having to shoulder, including myself,” he said. “But I will also say, we are predominantly not a government-run economy. We’re a free-market economy. So when the government reopens…you will see an immediate snapback.”

.. But in an economy powered by spending and investment, which boil down to little more than consumers’ and businesses’ confidence in their future job and growth prospects, an extended shutdown could threaten broader collateral damage. A troubling sign that this risk may be materializing: The University of Michigan’s consumer-sentiment index plunged 7.7% this month from December to the lowest level since Mr. Trump was elected.

“Federal employees will receive their back pay, but that doesn’t mean that the businesses they patronize will be made whole by extra spending after the shutdown,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note to clients Tuesday.

Donald Trump and His Team of Morons

Nobody left besides those with no reputation to lose.

There have been many policy disasters over the course of U.S. history. It’s hard, however, to think of a calamity as gratuitous, an error as unforced, as the current federal shutdown.

Nor can I think of another disaster as thoroughly personal, as completely owned by one man. When Donald Trump told Chuck Schumer and Nancy Pelosi, “I will be the one to shut it down,” he was being completely accurate — although he went on to promise that “I’m not going to blame you for it,” which was a lie.

Still, no man is an island, although Trump comes closer than most. You can’t fully make sense of his policy pratfalls without acknowledging the extraordinary quality of the people with whom he has surrounded himself. And by “extraordinary,” of course, I mean extraordinarily low quality. Lincoln had a team of rivals; Trump has a team of morons.

If this sounds too harsh, consider recent economic pronouncements by two members of his administration. Predictably, these pronouncements involve bad economics; that’s pretty much a given. What’s striking, instead, is the inability of either man to stay on script; they can’t even get their right-wing mendacity right.

.. First up is Kevin Hassett, chairman of Trump’s Council of Economic Advisers, who was asked about the plight of federal workers who aren’t being paid. You don’t have to be a public relations expert to know that you’re supposed to express some sympathy, whether you feel it or not. After all, there are multiple news reports about transportation security workers turning to food banks, the Coast Guard suggesting its employees hold garage sales, and so on.

So the right response involves expressing concern about those workers but placing the blame on Democrats who don’t want to stop brown-skinned rapists, or something like that. But no: Hassett declared that it’s all good, that the workers are actually “better off,” because they’re getting time off without having to use any of their vacation days.

Then consider what Sean Hannity had to say about taxing the rich. What’s that? You say that Hannity isn’t a member of the Trump administration? But surely he is in every sense that matters. In fact, Fox News isn’t just state TV, its hosts clearly have better access to the president, more input into his decisions, than any of the so-called experts at places like the State Department or the Department of Defense.

Anyway, Hannity declared that raising taxes on the wealthy would damage the economy, because “rich people won’t be buying boats that they like recreationally,” and “they’re not going to be taking expensive vacations anymore.”

Um, that’s not the answer a conservative is supposed to give. You’re supposed to insist that low taxes on the rich give them an incentive to work really really hard, not make it easier for them to take lavish vacations. You’re supposed to declare that low taxes will induce them to save and spend money building businesses, not help them afford to buy new yachts.

Even if your real reason for favoring low taxes is that they let your wealthy friends engage in even more high living, you’re not supposed to say that out loud.

Again, the point isn’t that people in Trump’s circle don’t care about ordinary American families, and also talk nonsense — that’s only to be expected. What’s amazing is that they’re so out of it that they don’t know either how to pretend to care about the middle class, or what nonsense to spout in order to sustain that pretense.

So what’s wrong with Trump’s people? Why can’t they serve up even some fake populism?

There are, I think, two answers, one generic to modern conservatism, one specific to Trump.

On the generic point: To be a modern conservative is to spend your life inside what amounts to a cult, barely exposed to outside ideas or even ways of speaking. Inside that cult, contempt for ordinary working Americans is widespread — remember Eric Cantor, the then-House majority leader, celebrating Labor Day by praising business owners. So is worship of wealth. And it can be hard for cult members to remember that you don’t talk that way to outsiders.

Then there’s the Trump effect. Normally working for the president of the United States is a career booster, something that looks good on your résumé. Trump’s presidency, however, is so chaotic, corrupt and potentially compromised by his foreign entanglements that anyone associated with him gets tainted — which is why after only two years he has already left a trail of broken men and wrecked reputations in his wake.

So who is willing to serve him at this point? Only those with no reputation to lose, generally because they’re pretty bad at what they do. There are, no doubt, conservatives smart and self-controlled enough to lie plausibly, or at least preserve some deniability, and defend Trump’s policies without making fools of themselves. But those people have gone into hiding.

A year ago I pointed out that the Trump administration was turning into government by the worst and the dumbest. Since then, however, things have gotten even worse and even dumber. And we haven’t hit bottom yet.

Debating Piketty’s theories on ‘Capital’ and inequality

(2014) In “Capital,” French economist Thomas Piketty explores how wealth and the income derived from it magnifies the problems of inequality. Gwen Ifill gets debate on his data and conclusions from Heather Boushey of Washington Center for Equitable Growth and Kevin Hassett of American Enterprise Institute.

  • Kevin Hasset argues that inequality is not rising because of government transfer programs (that he likely does not favor).
  • Heather Boushey argues that Kevin Hassett starts from economic models that don’t match reality, rather than the data.