Trump’s hysteria-prone critics are no doubt gravely disappointed. But also unrepentant. Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi continue to sound grave warnings, hinting that Trump’s dangerous policies are leading the ship of state aground.
The night Trump trounced Hillary Clinton, Paul Krugman predicted the stock market, which initially sold off on the unexpected outcome, would “never” recover from the blow. The next day, the Dow soared 257 points, and has barely paused for breath ever since. In the same column, written in the wee hours of Election night, a despondent Krugman said Trump would plunge the country into a terrible recession.
Paul Krugman followed that mistaken call with dire warnings about everything Trump for the past year. Among other alarums, he warned that the president would recklessly choose a partisan hack to fill Janet Yellen’s shoes – “Trumpifying the Fed” --as he described it. How disappointed he must have been when the White House picked mainstream Fed board member Jay Powell to fill the role.
Krugman has had plenty of company conjuring up frightening visions of our Trumpian future. Columnist David Brooks, who fancies himself a moderate, said Trump would “probably resign or be impeached within a year.”
The New Yorker’s David Remnick, wrote a piece the day after the election entitled An American Tragedy. Remnick saw End of Days horrors spilling out from the Trump presidency, calling the election “a sickening event in the history of the United States and liberal democracy.” That the country elected Trump as a Democratic exercise was apparently immaterial to Remnick. The New Yorker editor said Trump would “not only set markets tumbling but will strike fear into the hearts of the vulnerable…”
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