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The world's richest man and the world's most powerful man got into an online fight yesterday, which began when Elon Musk tweeted out: "Donny Trump is a poopyhead!" -- to which Donald Trump immediately responded: "No YOU'RE the poopyhead Elon!!!"
Well, no. That's not actually how it happened. But it's not that far from the reality, sad to say.
While I do realize that a very entertaining playground fight between the world's most prominent schoolboys is currently raging, I am going to exercise a monumental amount of restraint and not address the dustup between Elon Musk and Donald Trump today. Besides, by tomorrow, there'll probably be several more amusing developments to talk about, right?
So there's a public gathering in Washington this week that aims to fix what's wrong with the Democratic Party. It is called "WelcomeFest" and is yet another effort to make the party "more moderate" (they talk of being "partisan centrists"), while admittedly trying to emulate the amount of energy from the progressive side of the party. One of the founders of the "Welcome Party" summed this up: "We respect the very robust and multifaceted effort on the progressive faction of the party over the last few years. They had a lot of clear coherency behind it, and there was a lot of action. We are essentially just trying to emulate that faction of the party." However, one has to wonder what they really mean when they talk of being centrists and moderates, since the lion's share of the funding behind the effort comes from Democratic deep-pocket donors, instead of being supported by any sort of authentic grassroots effort.
Elon Musk is back in the news. He's upset over the Republican budget bill and he's having a hissy fit about it online. Musk seems destined to lose this battle, since by coming out against the bill he set himself at odds with Donald Trump -- and Trump is a lot more popular with the Republican base than Musk. On the other hand, Musk has an almost unlimited amount of money and he's quite willing to toss millions at political causes when he feels like it. So it's tough to really predict how any of this is going to play out.
In the annals of warfare, at times new inventions completely revolutionize how wars are fought. The full list of these is long, so here are just a few prominent historical examples: gunpowder, the rifle cartridge (as opposed to musket balls), the machine gun, airplanes, and tanks. War-changing inventions don't always have to be offensive weapons -- radar would certainly qualify. In each case, however, the introduction of something new onto the battlefield has completely changed how wars are fought. Battleships had to give way to aircraft carriers. Before that, cavalry gave way to tanks. So it goes.
This week, Wall Street figured out something about Donald Trump (that Vladimir Putin has known for quite a while now) and gave it a catchy name: "TACO." This stands for: "Trump Always Chickens Out."
There are two basic ways to successfully deal with a bully: you can stand up to him, or you can laugh at him. Wall Street is apparently now taking the second route, as traders openly ridicule Donald Trump.
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 never admits he's ever been wrong about anything. His narcissistic personality won't allow him to, most likely, but no matter what the psychological reason behind it is, Trump infamously never admits a mistake. This weekend he came about as close to admitting being wrong as he ever has, which was remarkable enough.
Once again, the Republican Party has laid out its real agenda, in the form of a federal budget. And once again, they have proven what their real priorities are: cutting taxes on the wealthiest Americans no matter what -- no matter who has to pay for it, or how.
Disasters happen. It's a fact of life. Mother Nature occasionally decides to wreak havoc, and there's not a whole lot humanity can do about it. Steps can be taken to mitigate the worst features of a disaster (such as strengthening building codes), people do what they can to cope with disasters when they strike, and then the affected area goes through a phase of recovery and rebuilding after the disaster is over. Natural disasters can't be prevented, but we do everything we can in their aftermath to ameliorate the suffering. That's the way it is supposed to work, in any case.