The Emperor Has No Claws - by The Big Picture and Jay Kuo

"The markets understand that Trump’s word is not worth much. His constant threats and inevitable retreats on tariffs have led to the “TACO” presidency, because Trump really does “always chicken out” in the end.

Yet while international actors and markets have come to understand this well and adjust their responses accordingly, those of us caught in the flood zone of his executive orders, troop deployments and weaponization of the budget and the justice system, to name a few, often lose sight of the limitations of his power and the likelihood that he will chicken out at home, just as he has internationally.

Today, I want to discuss four significant constraints upon the man who believes he can do anything simply because he is the President of the United States. These are powerful forces that act every day to limit his options and rein him in. I want to lay them out plainly, not only to give us some basis for hope that we can survive his second term (however long or short it winds up being) but also to highlight where we should focus our own attention and lend our support."

read stack by THE BIG PICTURE

The Emperor Has No Claws - by The Big Picture and Jay Kuo