On the Brink of Collapse: the Trumpian Economic Meltdown

And why it might be a good thing

Note: I paused publishing on this piece until it became more clear what the House was likely to pass in its budget bill. Unfortunately what they passed is the worst possible bill for our economy and the American people, excepting of course, the very wealthy.

We’re in the world of ‘truth is lies’ and ‘bad is good’ as our President constantly lies and exaggerates for two reasons. The lies are because reality is not conveniently following his orders, and the exaggeration is because nothing he is doing is working. Literally nothing.

The inability to admit that you were wrong or to adapt to reality is the sign of impending insanity, driven by narcissism and panic. The disastrous tariff trade war is now starting to hit reality and the White House’s attempts to stave that off are pitiful in their ineffectiveness.

This week past we got two blunt reminders of how bad this is getting. The first came from the CEO of Walmart, the largest retailer in the world, who stated that they will have to raise prices soon. The second came from credit rating company Moody’s who lowered their rating of the United States’ credit for the first time in over 100 hundred years. The two other major rating firms had already recently lowered their ratings.

For those who don’t follow this stuff, what that means is borrowing money is going to cost more, including things like mortgages, credit…