Over at the Zero Hedge blog, Tyler Durden quotes a comment that was added to the Texas Outlook Manufacturing Survey, a report issued by the Dallas Fed..
Durden says that these 42 words summarize what will happen in the next 6 to 12 months. Thus, we should take them seriously:
President Trump looks to do things that will be favorable for business, which would improve employment and growth if successful. However, protesters are all over the place, so I tend to think that will cause trouble for the country and for business.
There you have it. But, what do you really have? You have an interesting sidelight on the current political circus.
On the one hand the Republicans are in charge of everything. Once they get the next Supreme Court justice confirmed they will control the three branches of the federal government. They control most of the state governments too.
This comports a risk. When you are in charge of everything, you become responsible for whatever comes to pass. If the world comes to an end, if the economy falls apart, if terrorists attack the homeland… there is no one else to blame. If bad things happen, Trump and his Republican colleagues will be hung out to dry.
And yet, if ISIS is defeated, if Mexico pays for the wall, if the economy comes roaring back, if employment opportunities miraculously appear… Trump will look like a conquering hero. The Democratic Party will be become even more irrelevant than it is today..
Thus, Democrats have a vested interest in Trump’s failure. But, they do not want to have their own fingerprints on the failure.
If protests disrupt business and the economy; if Senate Democrats make it more difficult for Trump to govern… they will put themselves in the line of fire. The Trump administration will blame the Democrats for tanking the economy and for compromising national security.
It’s a gamble. It shows us that a violent overflow of powerful emotion often boomerangs. Expressions of extreme emotion are generally ill-advised—mostly because they make you look angrily histrionic, not consequential. They make you look as though you are off on your own anger trip and have nothing substantive to offer. They also make you look like you are willing to deconstruct the nation in order to make enhance your own political standing.