Source: Washington Monthly
by Bill Scher
“The notion that Trump knows how to manage an economy was always ludicrous. Despite his cultivated image as a business genius, before he became a politician, he had filed for bankruptcy six times. After his first presidency, we got definitive proof that his reputation was built on lies. His Trump Organization was convicted of criminal tax fraud and deemed liable for civil fraud. He nevertheless managed to maintain a reputation for deft economic stewardship because the economy hummed in the first three years of his presidency before the COVID-19 pandemic hit. But he was only riding the upward trajectory handed off to him following Obama’s hard work digging out of the Great Recession. That so many corporate executives had been convincing themselves that the Trump of recent weeks was a clever negotiator and not a clueless megalomanic makes one doubt their wisdom.” (03/11/25)