What, you think I’m going to pretend anyone is paying attention to anything but the trainwreck on Wall Street? As of 10:15AM this morning, the market is down 8% in 5 days, almost 20% off it’s peak, and is still falling. It’s entirely attributable to a unfathomably stupid trade war that has been forecast for months, if not years. This is the kind of probabalistic event that is usually internalized within the market in advance, which suggests that either very few people thought Trump a) was telling the truth, b) would be able to execute, or c) other forces within government would be able to stop him.
The legislative branch has largely ceded power to the executive, with only the judicial hanging on as some check against power. The open question, then, is at what level of damage will the legislative branch find incentive to reassert itself against an executive that (probably) doesn’t have the constraint of a future electoral victory to pursue? Will the destruction of great swaths of the US and global economy warrant reclaiming of power or impeachment of an executive?
I’m not optimistic.
Economist Writing Every Day 
I’m not optimistic either.
Social security has been a slow-moving train wreck for years, and we’re all just gonna watch it happen.
I chalk it all up to the 17th amendment :_D
LikeLike