He Is Not Right: He Claimed to Have Won the Second Election, so He Has the Right to Run for a Fourth Term

Newsweak

PUBLIC SERVICE: Trumpism is a form of Max Weber's patrimonialism (2) - These aren't donations for the ballroom; these are low-risk, high-return investments.

Trumpism is a form of Max Weber's patrimonialism (1)

Washington Post

"You can't fool all of the people all the time" (21) - Hitting a new low & It's the economy, stupid

Other "You can't fool all of the people all the time."

Hitting a new low

YouGov

It's the economy, stupid

Is this intended to build the Golden Trump Resort of Gaza? (2)

Sequel to (1)

 

Jared Kushner’s proposed recovery and reconstruction plan for Gaza faces major obstacles and currently appears disconnected from realities on the ground. Kushner announced a $2.45 billion recovery programme and spoke of a broader $71 billion reconstruction effort over ten years, to be overseen by the so-called Board of Peace.

However, conditions in Gaza remain extremely unstable. Large areas are under Israeli military control, infrastructure is devastated, reconstruction equipment is heavily restricted, and violence continues despite an earlier ceasefire. Hamas remains the de facto authority in many areas, although its control is weakening under Israeli military pressure and growing internal disorder.

The reconstruction initiative has struggled to secure sufficient funding and its implementation has been hindered by political and security constraints. Officials involved in the effort reportedly view Israeli policies as a major obstacle, while planned international stabilization forces and Palestinian administrative bodies have not been allowed to deploy as intended.

Looking ahead, political uncertainty further complicates prospects for recovery. Israeli politics remain polarized, debates over the future of Gaza continue, and attempts to bring Hamas into a political process face significant resistance. In conclusion, despite ambitious promises and large headline figures, meaningful reconstruction remains difficult while the underlying conflict and governance issues remain unresolved.

Source: Jared Kushner has a $2.45bn recovery plan for Gaza

"You can't fool all of the people all the time" (20) - Robot portrait of a Trump supporter: male, old, white, and poorly educated

Other "You can't fool all of the people all the time."

YouGov

Back to the 19th century mercantilism

«In his second administration, Donald Trump has injected the federal government deep into private markets and undermined the independence of government agencies and institutions. Most notably, he repeatedly and publicly pressured the Federal Reserve to lower interest rates. In a sharp departure from the traditional US model, and the model of economic government that has prevailed in the United States for centuries, Trump’s administration has acquired equity stakes in more than 30 American firms, and has even taken control of large swathes of the Venezuelan economy. 

Until the 19th century, Trumpian-style mercantilism was widely regarded as sound economic policy. That changed after Adam Smith’s powerful refutation of mercantilism revolutionized economic thinking. When private sector producers compete with one another, Smith argued, an “invisible hand” generates benefits that none intend, resulting in the production of goods and services that constitute the true “wealth of nations.”»

Making Globalisation Work: Trump’s 21st-Century Mercantilism

By Anne O. Krueger  (*)

___________

Anne Krueger is an American economist, World Bank Chief Economist from 1982 to 1986, and deputy managing director of the International Monetary Fund (IMF) from 2001 to 2006.

Ricardo Reis, Too Candid for the IMF and Too Fiercely Independent for Trumpism

 «The prestigious position might have been awarded this summer to Ricardo Reis of the London School of Economics. But his occasionally blunt media comments reportedly cost him the job. According to the Financial Times, the offending remarks included some orthodox criticisms of President Donald Trump’s tariffs, which he said would raise prices and reduce efficiency. In response, the IMF “categorically” denied that “any candidate was disqualified because of their academic views on the detrimental impact of tariffs…It is not credible to suggest we would object to views that our own research has confirmed and publicised.”

Tariffs are not, however, the only targets Mr Reis has hit. In his column for Expresso, a Portuguese newspaper, he once described Mr Trump as a “protofascist”, albeit institutionally constrained. He later suggested that the president likes tariffs partly because of the exemptions he can grant. “Anyone who wants to pay less has to convince Trump with flattery, business deals with his family, gifts…For someone who sees the presidency as a way to enrich himself personally, or even simply to be flattered, tariffs are an excellent tool.” Last year a column entitled “Gringos on the pampas” marvelled at the Trump administration’s willingness to lend to Argentina. The Peronist left, which could reclaim power at the next election, “proudly never pay what they owe”, he wrote.

As an academic, he is entitled to such views. But as an IMF appointee, they might have caused a fuss. America, after all, is the fund’s biggest shareholder; Argentina its biggest borrower.

Mr Reis will not, then, go to Washington, where he would have formed a dynamic Bretton Woods duo with Michael Kremer, a Nobel-prizewinner nominated this week to be chief economist of the World Bank. His influence will instead remain indirect and intellectual. His research sheds light on several of the fund’s preoccupations, such as fiscal limits, the monetary mystique of central banks and the network of currency swap lines between them.»

Ricardo Reis was too frank for the IMF

"In MAGA-land people are dying faster than they are being born"

The Economist

«Populations grow and shrink from fertility and migration. At first glance Republicans appear to have the edge on both. We combined birth records with population data by age and sex to estimate fertility rates for more than 3,000 counties. In 2024 the total fertility rate—the number of children a woman would be expected to have over her lifetime—was 1.8 in counties that usually vote for Republicans, compared with just 1.4 in those that vote for Democrats (see chart 1).

The trouble comes later in life. Reliably Republican counties skew older, but they have significantly higher death rates even after adjusting for age. A paper published in 2022 by Haider Warraich, then at Brigham and Women’s Hospital, and colleagues found that the adjusted death rate in red counties was 16% higher than in blue ones in 2019. Updating their analysis with data from the Centres for Disease Control and Prevention, we found that the gap had widened to 18% by 2024, and to 27% among the most reliably Republican and Democratic counties. The result is visible in longevity, too: life expectancy in the most reliably Democratic counties is 80.7 years, versus 77.4 in the most reliably Republican ones.

This means deaths now outnumber births in reliably Republican counties for the first time since at least 1982. Natural population growth in solid-red counties fell to -2.0 per 1,000 people during the pandemic, and is now -0.4; in solid-blue counties it is +2.8 (see chart 2).»

"You can't fool all of the people all the time" (19) - The swing voters of 2024 have abandoned the president. Swing but not stupid

 Other "You can't fool all of the people all the time."

Donald Trump’s disintegrating coalition

«Since returning to office, Mr Trump's approval ratings have sunk to historic lows. Virtually all those who voted for Ms Harris disapprove of his performance, as does one in five of his own voters. (...)  Just 65% of Mr Trump’s supporters plan to vote for a Republican.»

"You can't fool all of the people all the time" (18) - In all areas, there are more men and women of all ages, races, and educational levels who reject Trumpism on all issues. It's difficult to get worse, but not impossible.

Other "You can't fool all of the people all the time."

YouGov

NPD. Confirmed diagnosis (3) - Dear devotees of Mr. Trump, you have been warned (several times)

Confirmed diagnosis (1), (2)

Moves that the enemies and adversaries of the US will enthusiastically applaud

Trump is at odds with his own administration—and with reality

«Trump on Friday (14) called on Americans to accept higher gasoline prices as the cost of preventing Iran from acquiring nuclear weapons. He posted this morning (18) that the “number one Goal is, and always will be, that Iran cannot have, in any way, shape, or form, a Nuclear Weapon”—even though his administration assessed before the war that Iran was not actively building weapons, even though the White House hasn’t offered any explanation for how the war will prevent the regime from restarting its weapons program, and even though the war may make Iran’s desire for a nuclear arsenal only more urgent. Meanwhile, Vice President Vance says that lowering fuel prices is actually now “goal No. 1” of the war. 

(...)

Meanwhile, Trump announced yesterday that he was curtailing joint military exercises with South Korea, “based on my very good relationship with Kim Jong Un, of North Korea.” »

Trump's current naval fixation

«Over the past nine years, Donald Trump has returned again and again to the concept of steam power. He loves the way that steam propels fighter jets off the decks of aircraft carriers, and he laments that the Navy has pivoted to electromagnetic launchers in its new ships. “That beautiful scene,” he rhapsodized at a rally in 2023: “That steam goes off, and that plane gets thrown the hell off; the power, beautiful. And it’s cheap!” 

(...)

Until last week, future ships were set to use electromagnetic propulsion too. But on Thursday, Trump ordered one of the Navy’s planned carriers, the USS Doris Miller, to be outfitted with steam catapults instead.

It’s a potential logistical nightmare.»

Trump administration proposes more than $100K fee for H-1B visas

«The Trump administration has proposed a more than $100,000 fee for H-1B visa applications for skilled foreign workers, a policy that the president introduced last year but had been blocked by a federal judge.

President Donald Trump first proposed payments of $100,000 as a presidential proclamation in September 2025 in an effort to prioritize American workers, and overhaul the H-1B program that allows companies and organizations to hire foreign workers for specialized, high-skill roles.»

Pro memoria (148) - See my leaps, don’t read my lips. The trumping way to Make the Debt Great Again

Trading Economics

«Maybe we'll pay off our $35 trillion dollars, hand them a little crypto check, right? We'll hand them a little bitcoin and wipe out our $35 trillion.»

August 2024, in a Fox Business interview

"You can't fool all of the people all the time" (17) - Oklahoma is gone, Idaho and West Virginia are next

Other "You can't fool all of the people all the time."

YouGov

It is easy to understand why the net approval rate has been falling. What is hard to understand is that more than a third of Americans still approve.

It just have to avoid being defeated itself

Read on Quora

No, the ayatollahs would only be confident they could defeat the US if they were stupid. They are confident they only need to avoid defeat. As simple as that, but beyond the level of understanding of a guy who suffers from hubris syndrome and paranoid narcissism.

BELIEVE IT OR NOT! The Trump Administration admitted that it had withheld federal money in retaliation against its political rivals

«In a court filing earlier this month, a government lawyer did something radical: He laid out the truth in plain English.

The surprise was not just the honesty from a chronically dishonest administration but also the substance: The Trump administration admitted that it had withheld federal money in retaliation against its political rivals. The disclosure, first reported by The New York Times on Friday, is part of a lawsuit from a group of researchers in California whose grants were canceled. In lieu of turning over documents to the plaintiffs in discovery, an Energy Department attorney acknowledged in a filing that decisions about which grants might be terminated had been “based solely” on a goal of political retribution. “With one exception, the 284 terminated grants had a recipient location and/or at least one place of performance in a state that awarded its electoral votes to Kamala Harris in the 2024 election and has two Democratic-caucusing Senators (‘Blue State’ grants),” the filing stated, contradicting previous public statements by officials.

You can't fool all of the people all the time (16) - Oklahoma withdrew and joined the remaining 45 states.

Other "You can't fool all of the people all the time."

YouGov

JD Vance, Trump's running mate, the righteous hypocrate, from Never Trump to Ever Trump and beyond (4)

Sequel to (1), (2), (3)

«Why is a smart man spending so much time saying stupid things? The simplest explanation is that Vance believes his voters are stupid. Or as Vance himself told Rogan last week: “There’s a real populism that I’m very much a fan of because I think you should be responsive to people, but there’s, like, a faux populism of: The way that I’m going to appeal to people is by assuming that they’re idiots and acting like they’re idiots.”

This is admission by analysis. All politicians pander, but the best of them do it with some finesse. Vance, who struggles through the most basic photo ops, is not one of the best; his two successful elections are both testaments to Trump’s political muscle. In 2022, when he was a U.S. Senate candidate, I included Vance in a round-up of very intelligent Republicans who were clumsily pretending to be fools for electoral purposes. Vance seems to have doubled down on the strategy since then, but each new incident just offers more evidence of his dripping disdain for voters’ intelligence.

This may not be the wisest political strategy, H. L. Mencken notwithstanding. Vance’s approval ratings have been underwater for more than a year, and the Never Trump pollster Sarah Longwell recently conducted a focus group with Trump voters and found that Vance has left them cold. Either way, Vance’s performance plays as tragicomedy: comic because he’s so bad at it, but tragic because of who Vance was not that long ago. Much has been made of his critique of Trump in his 2016 Atlantic essay, and although his flip-flop on the president is astonishing, he has also reversed himself on a more fundamental view of politics.

In that essay, he criticized the demagogic tendency to condescend to people in so-called flyover country, where he grew up—to view them as yokels who could be easily manipulated with simplistic talking points and grievance plays. The harms that Trump identified, Vance wrote, “demand serious thought and measured action—from governments, yes, but also from community leaders and individuals.” Trump, he argued, was cynically co-opting those harms for his own gain and doing Americans a disservice. That Vance was right; this Vance doesn’t seem to care.»

J. D. Vance Isn’t a Fool. Why Does He Act Like One?, David A. Graham, The Atlantic

Crassus fits Donald better than Caligula (2) - They both should have listened to omens, curses, and advice from allies

As remembered by a Reader of The Economist «it would be more appropriate to compare Mr Trump to another Roman leader, Marcus Licinius Crassus.»

For those who don't know or have forgotten, as Crassus left Rome for his campaign in 55 BC, a tribune named Ateius Capito staged a ritual, burning incense and pronouncing dreadful curses upon Crassus for launching an unprovoked war.  When his army crossed the Euphrates River into enemy territory, a sudden thunderstorm ripped through the camp, destroying boats and blowing away the military standards. Crassus dismissed it and refused the advice of the King of Armenia, who urged him to take a mountainous route where the enemy cavalry would be useless. Instead, Crassus trusted an Arab guide who was secretly a double agent for the Parthians, leading the Romans directly into the open desert.

The Parthians deployed thousands of horse archers. Crassus ordered his men into a tight defensive square (the testudo), expecting the enemy to run out of arrows. Surena had anticipated this. He brought a vanguard of 1,000 baggage camels loaded with millions of extra arrows. The Parthian archers continuously reloaded, maintaining an unstoppable, hours-long hail of arrows that pierced Roman shields and hands.

Crassus's son, Publius, was killed in a desperate counter-charge. Utterly demoralized and surrounded, the Roman lines collapsed. Crassus was killed during botched peace negotiations after the battle. Around 20,000 Roman soldiers died, and 10,000 were captured. According to a famous legend recorded by the historian Dio Cassius, the Parthians poured molten gold down Crassus's throat after his death as a symbol of his insatiable avarice. 

Rome viewed eastern nations as "barbaric" and naturally inferior. To have over 30,000 Roman citizens slaughtered or captured by the Parthian Empire shattered their national pride. The defeat triggered a deep-seated public fear in Rome that the Parthians would launch a counter-invasion of Syria or the wider Roman East. Crassus had been the financial and political buffer between Julius Caesar and Pompey the Great. The loss of his army collapsed the First Triumvirate, removing the final obstacle to the civil war that destroyed the Roman Republic.

Karl Marx observes in his 1852 essay, The Eighteenth Brumaire of Louis Bonaparte, that significant historical events and figures occur twice: the first time as grand, genuine struggles (tragedy), and the second time as empty, ridiculous caricatures of the original (farce).

[Story told with the help of Gemini]

Trumpism at its finest: accusing China of trying to manipulate the 2020 elections while he himself tries to manipulate the 2026 elections

If he knows that these doctrines are not true, he is a
demagogue; if he believes his own lies, he is an idiot.

«(Wednesday night) President Trump delivered a rare prime-time speech, but his address fell well short of the hype. Purportedly, the president was going to make a major statement about election integrity, but in reality, the speech was dense and hoarsely delivered. As my colleagues report, he provided no evidence to back up his long-standing lie that the 2020 election was stolen. The White House also released four tranches of documents meant to support the speech, but Trump’s claims were a farrago of recycled information, misrepresentations of evidence, and tendentious claims based on materials too heavily redacted to parse. Major news networks, apparently concerned that Trump would mislead, declined to air the address live.

So why even deliver it? The speech was a sign of desperation. Trump spoke now not only to distract from his sputtering Iran war and its effects on the economy, but also because his attempts to concretely interfere with the 2026 election thus far have almost all failed. As his opportunities to change the rules of the game before November slip away from him, the president is falling back on one of the few tools he has left: attempting to sow chaos and doubt among Americans.»

Trump’s Plan for November Is Failing, The Atlantic

You can't fool all of the people all the time (15) - Idaho, North Dakota, Wyoming, West Virginia, Oklahoma, are still left

Other "You can't fool all of the people all the time."

YouGov

Crassus fits Donald better than Caligula

The folly of war

The Telegram (May 9th) compared Donald Trump to Caligula. As Caligula never started a war it would be more appropriate to compare Mr Trump to another Roman leader, Marcus Licinius Crassus. Crassus was a real-estate tycoon who made his fortune by buying the properties of those purged after a civil war. Frustrated that he had not received the credit he thought was his for having quelled Spartacus’s slave revolt, he was eager to gain glory through a victory against a “real” enemy. With the help of his buddies in the triumvirate, Caesar and Pompey, he got his chance in 53BC. Crassus was assigned to subdue Parthia, an empire that covered today’s Iraq and Iran. Ignoring advice from his generals, Crassus rushed headlong into the desert and the Parthian armoured cavalry, resulting in one of the largest defeats suffered by a Roman army. The Parthians cut off his head and poured molten gold into his mouth.

PAUL VANDERBROECK [Letter from a Reader of The Economist]

_________

Trump's BEAUTIFUL FINAL deadlines have a BIG mortality rate

• Trump initially gave Iran a deadline to reopen the Strait.
• He extended that deadline once rather than acting.
• He extended it again by about 10 days, saying he was pausing military action while giving diplomacy another chance.
• Today he issued a final 48-hour deadline, warning, «A whole civilization will die tonight».