|This woman is an idiot|
When I was still working for Fox News I remember meeting K.T. McFarland, Trump's new Deputy National Security Adviser.
One of the things that I enjoyed at Fox or, perhaps I should say, found interesting, is that I would meet many of these well-known and sometimes very high-placed "important people" and I would talk to them and see how f'cking clueless they were about economics. You can read about one of my past encounters here, with former Reagan Administration Budget Chief, David Stockman.
K.T. McFarland was one of these people that I met, too. A total idiot.
We were discussing the economy and she started talking about how America is "broke" and "China is our banker." I asked her if the U.S. would run out of dollars? She just looked at me as if I was completely off my rocker. I repeated, "Do you think we will run out of dollars?" She had no response.
Fast forward to now, where's she's Trump's new Deputy National Security Adviser.
So, I can now predict this: Trump will NEVER impose tariffs on China and the "great deal" he will negotiate will be nothing or, pablum at best because K.T. McFarland, having Trump's ear now, will certainly be telling him to go easy on China because they are our banker and they may "call in their loans."
It's getting pretty clear to me that things will not only NOT change under Trump, but the neoliberal onslaught that is gutting the working people of the world and which, is driving electoral "revolutions" everywhere, will go even deeper into failure. The desperation among the people will become so acute now. They will be let down enormously by Trump.