C: We’re almost a year into Trump 2.0, and less than a year to the midterms. How do you feel about the coming year?
M: Very, very worried.
S: Cautiously optimistic.
C: Mark, why are you so worried?
M: I’ll break it down into economics and politics. On the economic front, Trump brings instability to everything he touches, and so many things could go wrong. The tariffs continue to be a problem. My auto dealership is still selling 2025 models because a 2026 car was subject to tariffs and has to be priced much higher. The car companies are losing billions as a result. We could have a market crash due to the deflating of an AI bubble. Unregulated crypto could also cause a crash. Who knows?
On the political front, we have the possibility of armed intervention in our cities, and even in the election. That kind of uncertainty is bad for business, and for my profits. I’m pulling back, watching, and waiting. Most everyone I know is doing the same thing.
S: Of course you are, you RINO.
C: Sebastian, why are you optimistic, and why is that optimism tempered by caution?
S: I’m optimistic because Donald Trump is president, and I believe in him. The worst of the tariff impacts are over–now we get the benefits. There hasn’t been any explosion in inflation. Most of all, I know Trump is going to continue kicking the people I hate. For me, that’s what success is all about. It’s not about money so much as showing the elites who’s in charge.
The caution comes when I see the polls and think about past midterms. The Republicans could lose without Trump on the ballot. Then what? Two years of constitutional crises. We don’t really need that.
M: At least we agree on that much.
C: Let’s make some specific predictions for the new year. Is there a new war with Iran?
S: No. Trump didn’t really want to do that. Iran is over for now.
M: Agreed.
C: Do we invade Venezuela?
S: We don’t have to. Maduro leaves. The democratically elected group takes power and gives Trump an interest in their oil in an expression of gratitude. The Venezuelan refugees go home. It’s yet another great Trump victory.
M: That’s way too optimistic. Maduro stays. Trump has to decide whether to violate his principles and offend some of the base by invading or to look like an impotent fool. Fortunately, he has an underappreciated gift for spinning his defeats into victories. He backs down.
C: Does the Ukraine war end?
S: Trump makes it crystal clear that America will no longer help Ukraine fight this hopeless war. The Russians start to advance more rapidly, and the Euros can’t help. Ukraine ultimately makes a deal along the lines that Trump has proposed, because, at last, the government understands that the Russians have all of the cards.
M: Both the Russians on the one hand and the Euros and Ukrainians on the other do their best to play Trump to keep him from supporting the other side. Trump can’t stick to any position for more than a few weeks or so. In the meantime, the war goes on with little change.
C: See you next year.