“Risk Aversion Builds As Trump Trade Fades,” That Is, Run For The New Zealand Hills!

“Risk Aversion Builds” was a headline in today’s Financial Times.  I had just enough to feel Hillary was the risk-averse or loss-averse choice last November.  I am still not completely sure that the American people, via the Electoral College, made a bad choice last year or any year in my lifetime, but the people who said last fall “oh, don’t take Trump literally” were not worth betting on then or now.

Even though I believe Trump is entitled to his choice of advisors, and was within his rights to replace the acting attorney general, and that progressives ought to focus less on process issues and 99% on holding Trump responsible for what helps or hurts the “forgotten men and women” who voted for him after, in many cases, voting for Obama at least once–despite all that, I do think the malicious, vindictive, and incompetent administration taking shape is bad news for our economy, security, democracy, and constitutional republic.  Bad news for people who have anything to lose.  Republican elected officials who are pining to deregulate and cut taxes are not likely to be remembered well ten or twenty years from now.  Progressives who seek only the moral high ground and don’t acknowledge that many people voted for Trump out of real grievance and frustration and desperation are not going to be remembered well either.  If we are going to have a country to remember and enjoy at all, we all need to imagine and uphold a country focused on liberty and security and fairness and dignity.  Running for the New Zealand hills is not an option available to very many of us, appealing though it might be.

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