The Strengthening Case Against Trump

Two days earlier Trump had to sit alongside three past presidents through the funeral of President George H.W. Bush. With Bush lauded as almost his exact opposite in style and manner, Trump looked throughout as if he wished he were anywhere else. Meanwhile, the stock market’s entire gains for the year were wiped out as Trump’s supposed trade truce with China fell apart.

It also became clear just how badly Trump has lost control of Congress. The Democrats’ gain in the House of Representatives continued to rise (the latest number is a stunning 40 seats), as closely fought, undecided races in last month’s midterm election continued to fall the party’s way. And some Republican senators are finally breaking ranks with Trump over the role of Saudi Crown Prince Mohammed bin Salman (a pet of both Trump and his son-in-law, Jared Kushner) in the grisly murder of the dissident journalist Jamal Khashoggi at the Saudi consulate in Istanbul. Unlike Trump, the senators refused to subordinate the moral and real-world implications of permitting a foreign government to murder a US-based journalist to the president’s exaggerated claims about the Kingdom’s future arms purchases and its supposed strategic role in curbing Iran’s regional ambitions.

.. At long last, we learned what embarrassing information Russian President Vladimir Putin had on Trump, after Cohen told prosecutorsthat Trump had long sought to build a grand, highly lucrative hotel in Moscow, permission for which had to come from the Kremlin. (Russia also stood to gain significant revenue from the project.)

.. Cohen’s testimony also highlighted the likelihood that various aspects of US foreign policy, including favorable statements about or treatment of certain autocratic leaders, have been influenced by Trump’s private business interests – existing or desired – in those countries, which include Turkey, the Philippines, and Saudi Arabia, as well as Russia. Meanwhile, Trump’s hotels, especially his expensive new one near the White House, received business from various countries. This is especially significant because, unlike his predecessors, Trump refused to detach himself from his private business when he took office

.. The corruption extends to Trump’s immediate circle. His daughter Ivanka was awarded trademarks from China for her clothing line (now defunct, though she has retained the trademarks and sought new ones). Her husband, Kushner, is believed to have used his position to try to find funds to pay off excessive debt incurred by his family’s real-estate business. And Cohen literally sold his supposed access to Trump to businesses for a reported $4 million (though how much, if anything, he delivered is open to question).

.. Trump’s ever-stranger behavior of late – including more frequent and more hysterical tweets – has been widely attributed to his growing realization of what the Democrats’ takeover of the House of Representatives means for his presidency.

What is Putin’s IQ? Is he a genius? Were Stalin and Peter the Great geniuses?

Putin

.. His speaking style is typical for any experienced, high-level bureaucrat: leaden, colourless, but occasionally interspersed with locker-room jokes, sex-related similes and street-smart threats.

.. Stalin .. What we know from media about his political decision-making shows the full toolbox of every advanced spy and secret police organization throughout history. Its obsession with secrecy, careful preparation, deep layering, multi-option planning, highly sophisticated tactical thinking. How much of this is attributed to himself, and how much to his aides and government organization, is unknown.

What is clear, though, is that Putin is a very good judge of character, and a skillful manager of human relationships. To this day, no one from his close circle has turned against him with compromising information, or by heading political dissent.

Russians Meddling in the Midterms? Here’s the Data

We have also identified more than 400 websites that our analysis indicates are likely to be Russian propaganda outlets aimed at American audiences. More than 100 of these websites we have confirmed as under the direction of the Russian government or we believe to be Russian with a very high degree of confidence.

In the month of October alone, we tracked 110,000 social media posts that referenced a United States midterm candidate, topic or hashtag and contained a link to one of these websites. More than 10,000 of these posts contained a link to one of the websites we have either confirmed as Russian-directed or believe to be Russian with a very high degree of confidence.

The top three websites linked to these social media posts are the site of RT, Russia’s state-financed international cable network (5,275 links); The Duran, a right-wing news and opinion site (1,328 links); and Sputnik, a news and commentary site run by the Russian government (1,148 links).

.. We have also identified 1,451 social media posts aimed specifically at midterm voters from social media accounts assessed with high confidence as belonging directly to Russian influence operations. These posts are largely focused on

  • the geopolitics of the Middle East,
  • the Saudi-assassinated journalist Jamal Khashoggi and the
  • Supreme Court confirmation hearings for Brett Kavanaugh.

.. Last month, the most-shared article of known Russian origin for the month on Twitter was an article from The Duran purporting to show how groups financed by the billionaire Democratic fund-raiser George Soros “plotted with Google, Facebook, Twitter and other social media platforms to eliminate conservative ‘right wing propaganda.’”

.. The Russia-linked social media accounts were active during the Kavanaugh hearings,
  • drawing attention to sexual and domestic abuse allegations against various 2018 Democratic candidates and potential 2020 Democratic presidential candidates. They have been
  • amplifying anti-immigrant sentiment, including conspiracy theories about the caravan of migrants in Central America, and have
  • promoted the idea that the mail-bomb campaign of the Trump supporter Cesar Sayoc Jr. was a Democratic plot.

.. we estimate that at least hundreds of thousands, and perhaps even millions, of United States citizens have engaged with the content of Russian propaganda online.

.. The consensus among academic researchers and Russia experts in the intelligence community is that Russia does not take a timeout from information battles. It considers itself to be in a constant state of information warfare. Its online influence operations are inexpensive and effective, and afford Russia an asymmetric advantage given the freedoms of expression afforded to Western democracies.

Geopolitics Trumps the Markets

America led a 30-year hiatus from history. It was nice while it lasted, but it’s over.

That crashing sound you heard in world markets last week wasn’t just a correction. It was the sound of the end of an age.

During the long era of relatively stable international relations that succeeded the Cold War, markets enjoyed an environment uniquely conducive to economic growth.

.. The results were extraordinary. Between 1990 and 2017, world-wide gross domestic product rose from $23.4 trillion to $80.1 trillion, the value of world trade grew even faster, more than a billion people escaped poverty, and infant-mortality rates decreased by more than 50%. The number of people with telephone service grew roughly 10-fold.

This hiatus from history was, by most measures of human flourishing, a glorious era. Now it has come to an end, or at least a pause, and the world is beginning to see what that means.

.. the basic elements of economic globalization appeared firmly in place.

  • Russia, the most obvious challenger to the geopolitical order, was an insignificant and diminishing player economically.
  • And China, notwithstanding its rapid economic growth and its anxiety about American military power, was unlikely to challenge the economic basis of its own success. Geopolitics might have been back, but that wasn’t an issue for markets.

That complacency was misplaced. The return of geopolitics means the basic framework for economic policy has changed. In periods of great-power rivalry, national leaders must often put geopolitical goals ahead of economic ones. Bismarck’s Germany could have saved money buying armaments from Britain, but building a domestic arms industry was worth the cost. If the U.S. is in a serious strategic competition with China, an American president might well be willing to sacrifice some economic growth to banish China from important supply chains.

,, by invoking “national security,” the Trump administration has found a legal basis, with roots in the Cold War and even earlier, to assert sweeping powers over the nation’s commerce. It has upended a generation of U.S. trade policy in a dramatically short period of time.

.. The new era of geopolitics is unlikely to be an era of small government.

.. The Trump administration is

  • reversing some of the regulatory excesses of the Obama era, and
  • the president’s judicial appointees are prepared to rein in the administrative state.

.. A recalibration of the U.S.-China relationship was likely inevitable as the world’s oldest civilization became an economic superpower.

Hillary Clinton, who as secretary of state clashed with Mr. Obama over the need for a tougher approach to China, would not be a popular figure in Beijing if she had won the 2016 election.