Preview of Sunday’s episode: James Rickards is a renowned lawyer, economist, and finance expert. Jim is also the author of Currency Wars: The Making of the Next Global Crisis and five other books.
As Congress sees a shutdown as increasingly inevitable, the president sees a chance to show more swagger.
Mr. Trump’s embrace of a shutdown has given lawmakers on both sides the freedom to throw up their hands and claim this whole mess is beyond their control. The mood around the Capitol is less one of urgency and activity than of fatalism. Last week, Richard Shelby, the chairman of the Senate Appropriations Committee, said Congress looked to be “headed down the road to nowhere.”
.. Not only did Speaker Paul Ryan fail to mobilize lawmakers for a vote on Mr. Trump’s $5 billion, but many lame-duck members couldn’t be bothered to show up for work at all. (Nothing like an electoral rout to take the starch out of a conference.) Counting, much less whipping, the vote became all but impossible. By Thursday, House leaders gave up and sent members home for a six-day weekend.
.. On the Senate side, Mr. Schumer’s office is insisting that everything depends on whether the Republican leader, Mitch McConnell, can persuade the president to embrace a deal that Democrats can live with. The latest offer on the table is for a one-year “continuing resolution,” or C.R., that would delay the fight by temporarily funding parts of the government at current levels.
Shutdowns are especially fertile ground for Mr. Trump because they pit him against a political establishment that, as he sees it, obstinately refuses to pay proper deference to his genius. He has repeatedly voiced frustration at Congress’s unwillingness to lie back and let him run things as he sees fit.
Threatening to throw the government into chaos — to furlough, or in the case of personnel deemed “essential,”withhold paychecks from hundreds of thousands of workers, includingFood and Drug Administration inspectors, Transportation Security Administration inspectors and, paradoxically, Border Patrol agents — lets him exact a bit of cathartic payback, reminding lawmakers just how uncomfortable he can make their lives.
Chest thumping and trash talking remain central to Mr. Trump’s brand as a disrupter. His followers thrill to him precisely because of his pugilistic, vaguely unhinged personality. The more he rails against politics as usual, the more his base swoons.
As for those who see Mr. Trump as behaving like a petulant toddler, he doesn’t have to face their electoral judgment for another two years — an eternity in politics.
For now, the president can relish playing the tough guy. Even if he winds up folding, he’ll doubtless toss out some alternative facts and declare victory. As usual, he has ensured that this holiday season’s drama is all about him.