On the Trump Speech

While I didn’t watch it–and I’m glad I didn’t–it is clear from published reactions that Trump’s speech was a combination of a campaign speech and a victory lap. That’s about what I would have expected.

For once, it appears that he talked about his tariffs. He said nothing which suggested, as his supporters insist, that they are very temporary expedients used to open the markets of our trading partners. Nor did he make much of an effort to prepare Americans for higher prices. He will pay for that before too long.

In the end, the right and the left will judge him on his words, but the center will judge him on his deeds. America as a whole isn’t much moved by the plight of fired federal workers, but it will care if prices go up, the economy slumps, and NATO disappears. All of those things are on the way.