Tag: protectionism

Let the war begin

One thing I respected about the first President Bush was that he didn’t attempt to secure re-election by re-invading Iraq. The 1990-1991 invasion of Iraq led to significant jumps in Bush’s approval rating — 15% at the onset and 20% when we “won”. And a surge of nationalism (and the “don’t change horses mid race” thinking that certainly helped his son’s re-election bid) that accompanies military action may well have allowed him to win in 1992.

George W didn’t have terrible approval ratings at the onset of his presidency – his approval number was over 50% just before 9/11. But his approval rating hit near 90% in the immediate aftermath.

Which brings me to Trump. Someone who loves glowing praise. And who kicked off a new round of trade wars with tariffs on steel and aluminium which may allow some increased domestic production, but is more apt to make everything that uses steel or aluminium more expensive. Or maybe it make more sense to make parts in Canada and truck the bits South. Or maybe finished products crossing the ocean become cost competitive. And that doesn’t even address adverse response from trading partners.

If the guy was sufficiently delusional to believe it was possible for any president to receive a surfeit of adoration, and by his own admission he’s not into fomenting new wars (+he has some existing wars in which to drop huge bombs +the general population has had more than enough warring to last a few lifetimes) … is it possible this is a self-aggrandizing trade war?