The unnecessary shutdown of Trump begins to hurt

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President Trump won his first TAS! reading on Yahoo Finance's Trump-o-meter this week. This is our lowest score, the equivalent of an F. It should be obvious: the judgment that Trump has designed on his own is damaging, exasperating and, even worse, totally useless. It is a deliberately self-inflicted economic injury.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The border wall itself is not a bad idea A large minority of Americans are in favor of the Trump Border Wall, which could help deter some illegal border crossings, but this is not a panacea for the various problems related to the border. illegal immigration. much harder to build than Trump allows, and would not prevent tunneling. Many experts believe that it would be better to spend more money to patrol the borders, endow immigration courts and provide social services, as well as new technologies to detect and prevent war crimes. illegal passages. "Data-reactid =" 16 "> The Border Wall itself Not a terrible idea A large minority of Americans support the Trump border wall, which could help deter some illegal border crossings. it is not a panacea for the various problems related to illegal immigration. much harder to build than Trump allows, and would not prevent tunneling. Many experts believe that it would be better to spend more money to hire more people in border patrols, to endow immigration courts and to provide social services, as well as for the new technologies to detect and prevent illegal crossings.

More than that, no president ever gets everything he wants. As everyone in Washington knows, politics is the art of compromise. Trump offers no compromise and his so-called negotiating skills are not visible anywhere. It's simply apparent that Trump chose this fight when commentators on the right said it was a soft immigration. It's nothing but a crazy competition of masculinity that Trump will lose.

Source: Yahoo Finance

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For those who have solved the insane conflict, here is the key: Trump wants $ 5.7 billion in funding this year to build a wall that can cost at least $ 25 billion. Democrats offer $ 1.3 billion for border security but nothing, technically, for a wall. So, for the moment, the disagreement amounts to more than $ 4.4 billion – a tiny fraction of total federal spending – and where it can be spent. Trump will not spend any money bill until it receives the extra money needed, which is why about a quarter of the government is unfunded.

There is no agreement on whether Trump is solely responsible for the shutdown. Well, it is, and here's why: Trump is the only person who can stop the closure by himself, and he refuses to do so. The President of the Democratic House, Nancy Pelosi, can not sign the bills of expenditure to end the closure. She can only guide them to the House. The leader of the Senate minority, Chuck Schumer, can do nothing at all, since he is part of the minority party in the Senate. Trump, on the other hand, only needs to sign a law that has already been passed by both houses of Congress in one form or another.

Hard politics is a fact of American democracy. But holding 800,000 federal employees hostage, and funding a pet project as a ransom, is economic sabotage that should shock all Americans. The overall economic impact of the closure is small. But it's not zero, and in addition to the 800,000 workers who do not get a pay check, thousands of businesses are losing revenue because of some disruption caused by the closure. Most of these companies are small businesses with modest profit margins – the small businesses that politicians love. Yahoo Finance has described a few this week, and the fundamental question for Trump is: why hurt a business? Or any other worker?

The US economy will survive Trump, whether it lasts a week, a month or more. But Trump throws keys into the economy at an inconvenient time. Growth is slowing down and some economists think that a recession is likely in a year or two. The stock market has partially recovered after a dismal month of December, but many analysts believe that volatility will increase. Trump's trade war with China is hanging over everyone, but the war will be hard if it is not resolved in the next few months. Trump takes American workers and American businesses for granted, and if that was not obvious before, the closure proved Trump's indifference to the workers who really make America great.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Rick Newman is the author of four books, including "Rebounders: How winners go from failure to success. "Follow him on Twitter: @rickjnewman"data-reactid =" 41 ">Rick Newman is the author of four books, including "Rebounders: How winners go from failure to success. "Follow him on Twitter: @rickjnewman