I think Donald Trump is going to be re-elected in November. It was a conclusion I reached as I sat on my couch last Monday night, fruitlessly waiting for returns from the Iowa Democratic Caucuses. As I write this more than a week later, we still don't know what the final tally was. The stakes were enormous, and Iowa Democrats managed to screw it up, handing Trump, and all those who suck up to him, a series of talking points to challenge the validity of the entire electoral process-- anyone remember "system is rigged against us"? Expect to hear that a lot this fall.Iowa was an epic, inexcusable debacle.
The Incumbency Economy
As many others have noted, Iowa was not the only political victory for Donald Trump. The U.S. economy added 225,000 jobs in January. The country's unemployment rate is at a ridiculously low 3.6%. Moreover, Trump's abject ignorance around policy-making, including ill-advised unilateralism on trade, are not having the catastrophic impact on economic growth many predicted. Trump understandably took at victory lap on the economy in his State of the Union Address on Tuesday night.
