Donald Trump, our toddler-in-chief, is in the midst of one of those incandescent tantrums. His war isn't going anywhere near as well as he thought it would, and the fact that Iran has effectively shut down the Strait of Hormuz is making him apoplectic with rage. He is now demanding that other countries of the world save him from his missteps, by sending their warships into the Strait to escort oil tankers and other ships. But he's finding that the rest of the world is not exactly leaping to help him out, which shouldn't come of much of a surprise to anyone, considering how he has treated all of America's closest allies up to this point.

This article is mind-bendingly long enough, so we're not going to bother with any other introductory words at all. Instead, let's just get right to the awards, shall we?

Also as always, it is long. Really, really, insanely long. You have been warned!

And also as always, we'll be back again next Friday for [Part 2].

There's a new acronym making the rounds on Wall Street: "TACO," or (more specifically) the "TACO trade." It stands for "Trump Always Chickens Out," and it refers to the resilience of the markets after a cycle which is becoming more frequent in Trump's tariff war. The cycle starts when Trump, in a fit of pique, announces insanely-high tariffs will be levied. The market then tanks. Trump then backs off and announces he will be "pausing" the tariffs, or severely rolling them back. The market then gains back what it had lost.

Donald Trump's second-term honeymoon phase now seems to officially be over. As new polling continues to roll in (in advance of his 100-day mark next week), it seems to all be telling pretty much the same story. Trump is now in a neck-and-neck race for "fastest slide into disapproval ever" -- with himself. Only one other president in modern times has seen his job approval numbers with the public go underwater this fast, and his name was also Donald Trump (in his first term). It depends on the poll, but in some he's already worse than he was at this point in 2017. No other president was even in negative territory at this point, it bears mentioning.

While it doesn't rise to the level of a "revolt" quite yet, there is already a significant pushback on the Trump tariff war coming from within the ranks of his own party. One Senate bill to rein in the tariffs already passed with four Republican votes, and that number has now grown to seven GOP senators who are cosponsoring an even wider clawback of the constitutional power of levying taxes from the White House. Significantly, now a House Republican has said he's going to introduce a companion bill in the House.

This isn't enough -- not yet, at any rate. But it is rather surprising to see happen so quickly. But then this whole self-inflicted economic crisis has been moving rather swiftly all around, so perhaps it's not that surprising to see.

President Donald Trump, in his second term, decided to liberate himself from having any adults in the room when he made important decisions. Instead, he surrounded himself with ass-kissers and other assorted sycophants, all of whom tell him he is great no matter what crazy notion pops into his head.

This is the result. Yesterday, the Dow Jones average lost 1,600 points. Today it lost another 2,200 points. Trump has singlehandedly crashed the economy -- and we're only two days in.

On Wednesday, Trump will be announcing sweeping tariffs on the entire rest of the world. As he likes to put it, "tariff" is his new favorite word in the dictionary. But consumers are likely to call it what it will actually be, to them: a tax. A big fat "Trump Tax" on all sorts of things consumers buy. Which will likely drive up inflation, and which will definitely hit consumers hard in the pocketbook.

First, let's just quickly check the weather report from the Emerald Isle, shall we?

(Heh.)

But surprisingly enough, the country that caught my eye this particular Paddy's Day wasn't Ye Ould Sod, but instead our neighbor to the north. And it wasn't the fine stout product from Sir Arthur Guinness that intrigued my beer-loving sensibilities this year, but instead... Moosehead?

That's right. Moosehead beer (lager, actually, if you want to be pedantic). From Canada.

Nitpickery aside, let's do a quick review of how things went last night, shall we?

Or maybe not. You never know what's going to happen, since American trade policy will now be decided on a whim. By a man who simply does not understand how world trade works. Isn't that a comforting thought?

That, of course, is a daunting prospect, but we can at least open with some good news this week: Trump is already wearing out his welcome with the public. The presidential "honeymoon" period is apparently over (almost before it began). Trump started off his second term with historically dismal ratings, although they did best one previous president -- himself, in his first term. His job approval numbers were actually at 50 percent or just above when he was sworn in this time around (which, as mentioned, every other modern president has beaten), so he could at least claim a majority of the public was behind him. Not any more.

It is perhaps appropriate that the funeral of Jimmy Carter happened in the midst of Biden winding down his final weeks. Because Joe Biden -- another one-term Democratic president like Jimmy -- will likely become more appreciated as time goes by, just as Carter was.

Joe Biden had a pretty spectacular first two years in office, in terms of getting legislation passed. Granted, he had a Democratic Congress to work with and the continuing crisis of a pandemic to spur the politicians to actually act. He used both to get a sweeping agenda passed which will have an impact for years to come. But he had to grapple with two corporate-friendly Democrats in the Senate who held him back from achieving an even-more-historic agenda. If the full "Build Back Better" plan had made it past Joe Manchin and Kyrsten Sinema, then Americans would doubtlessly feel a lot differently (and better) about government's role in their economic lives.

Case in point is Trump suddenly championing a twenty-first century American "Manifest Destiny," where he has set his sights on three pieces of real estate he'd like to add to the United States: Canada, Greenland, and the Panama Canal. Spoiler alert: none of these are serious proposals. None will actually happen. And yet they are being treated seriously (or at least semi-seriously) by people who really should know better by now.

The most amusing news (speaking from across the political aisle) all has to do with the Republican Party trying to come to grips with another presidential nominating process with Donald Trump as the 800-pound elephant in the room. Most of the party establishment would dearly love to see literally anyone else win the nomination than Trump, but they also fear the prospect of Trump going rogue if he doesn't win and launching his own third-party bid.