http://www.swtotd.blogspot.com
President Trump bears responsibility for the rout in the world’s equity markets. His tariffs, if used to raise revenues, as he claims, will cause a global recession, or worse. If they are used to negotiate lower tariffs on U.S. exports, which he also claims, they will strengthen the economy and may lead to global free trade. He is right, however, in his complaint that there is much in our politics and culture that has gone wrong over the past several years. We are a country, like much of the West, with a spending problem. Federal debt, as a percent of GDP, is higher than it was in 1945 (121% in 2024 versus 112% in 1945). Both political parties are at fault for excessive spending. As well, there has been a rise in anti-Semitism, fueled, in my opinion, by dislike for Israeli Prime Minister Benjamin Netanyahu, and often masked as anti-Zionism. And, of course, our border was open throughout President Biden’s term in office.
In this age of technology, we must focus on ensuring access to needed raw materials. Over the past several years, we have let defense spending lapse, while permitting China unchallenged access to commodities and markets across Africa and South America. We have allowed unfettered (and illegal) migration into our country, and not just for those seeking political refuge from despotic governments, but for criminals and gang members, some of whom brought in fentanyl, a drug that has killed an estimated quarter of a million Americans since 2018. We have seen the Democratic Party take a sharp turn to the left, as it became increasingly patronizing in tone – do as I say, not as I do. The Party has focused on equity, not equal opportunity. In the name of diversity, it has encouraged racial division and allowed identity policies, rather than ability and diligence, to become the standard for admissions into colleges and businesses; it has let universities become beacons of “social justice,” rather than pinnacles of learning where students debate controversial subjects in a respectful and tolerant manner; it has encouraged sports venues to allow males to compete against females. Just last year, the Party knowingly nominated a man for President who was mentally unfit, and now we have a Supreme Court Justice who is unable to define a woman. In all of this, mainstream media has been complicit.