Donald Trump just hit a new level of rock bottom
Given what the after hours trading looked like the night before, it was something of a miracle that the U.S. stock market didn’t crash on Monday. Trump’s high profile billionaire hedge fund manager ally Bill Ackman publicly called on Trump to give up his trade war, and perhaps it gave investors some hope that it might actually happen. But Trump has since announced that he’s standing firm with his tariff insanity. Now he has a new problem.
On Monday, Shark Tank’s Kevin “Mr. Wonderful” O’Leary also announced that he wants Trump to end his tariff madness. Why is this such a big deal? O’Leary had recently been so far up Trump’s backside that he was cheerleading Trump’s call for the annexation of O’Leary’s native Canada. Now Trump has apparently lost O’Leary in very public fashion.
This represents a new level of rock bottom for Donald Trump, if such a thing is even possible. Even the people who want to be his biggest cheerleaders are now feeling compelled to try to save face, or perhaps merely save their investment portfolios.
Trump is now in a very difficult no-win position. His own allies are trying to force him to give up his trade war, which means he’ll have a truly difficult time trying to keep it going. That said, if he caves now, he’ll lose in humiliating fashion. So what will he do? That’s difficult to predict, both because there’s no reliable move to make in a no win situation, and because Trump is too cognitively incompetent to understand whats going on anyway.
