Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Neither Election Candidate Has the Character to Govern the US

ElectionOracle / US Presidential Election 2016 Nov 08, 2016 - 08:57 PM GMT

By: John_Mauldin

ElectionOracle

BY GEORGE FRIEDMAN : This year’s campaign has got to be one of the strangest of all time. We have two major candidates running for president. One says strange things. One does strange things.

Donald Trump has been accused of collaborating with the Russian president and his intelligence service. He is on tape claiming that he can have sex with anyone he wants.


He lost almost a billion dollars one year and says he has paid no taxes since that loss. That’s not illegal. But it does indicate he didn’t make as much money as he claims, since a billion-dollar loss (which knocks out 15 years of taxes) doesn’t get you to $10 billion.

And I leave out the various other things he has said and meant.

Hillary Clinton, for reasons never explained, used a private server for classified messages. She and her husband also ran a foundation while she was Secretary of State. It appears that charitable fundraising, meetings at the State Department, and making substantial amounts of money for themselves intermingled.

And finally, the FBI has found thousands of emails concerning Clinton on the computer of a man who sends pictures of his private parts to women and whose wife is Hillary Clinton’s top aide.

And I leave out the things she has said and has not meant.

The email saga continues

If I use reason to untangle the latest event—FBI Director James Comey’s letter to Congress—I come up with the following: He is fully aware of the consequences of what he did, and that it could change history.

Since he is not an idiot—FBI directors can be strange but not stupid—he did this deliberately. That would indicate that he has found something that will shortly be revealed and might disqualify Clinton as president.

He did it now, because if she were elected and then this came out, we would face an impeachment, paralyzing the government in a time of war. So he fired his first shot with just days to go before the election. You can expect more to come soon.

But reason may not work here. Another explanation might be just as he said. He has no reason to think that the emails are even from Clinton, but he felt that it would be nice to keep Congress in the loop. So he told them he was reopening the case to keep everybody on the same page.

He either didn’t notice it was only 11 days before the election or thought this announcement would not affect it.

The degree of strangeness is amazing. This is not the worst election in history—that has to go to the election of 1860, which started the Civil War.

They are two sides of the same coin

The oddest thing is the similarity between the two candidates. The difference is that Trump is profoundly inarticulate. Clinton is articulate in the way that people who use the term “messaging” are articulate.

But beneath the surface they strike me as the same. Neither believes in anything beyond what is of use at the moment. Neither is embarrassed by anything.

It was once said that former-UN Secretary-General Kurt Waldheim had no backbone but was kept upright by his thick skin. They say Trump has a thick skin. He has taken a lot of fire without being deterred. As for Clinton, she is no more capable of being ashamed than Trump.

Neither seems to believe that laws and social norms apply to them. And neither knows how to close off an ongoing issue with a simple admission of error, a clear explanation of how that error occurred, and a profound apology.

Trump can barely get the word “sorry” out of his mouth. Clinton will say it more easily but less believably.

Clinton can get out of this current problem by doing two things. First, explain coherently and believably why she set up the server. Then come clean on why she deleted 33,000 emails. She won’t, because she either can’t reveal the truth or can’t utter it.

It’s not the end of the world

I still believe the republic will survive either candidate. It doesn’t matter who wins. The problem is not their policies and flip-flops. I don’t care about those. I have always argued that character is more important than policy.

The president’s policies are unimportant because the most important things he or she will face will be totally unexpected. There will be mere hours in which to make decisions with no policy paper to rely on.

That is why character matters more than policies. At the crucial moments in history, a president can only go deep within himself to find the path and the courage to take it. The president may make a mistake, but if there is no depth, he will always fail.

I have studied each of these candidates. I think neither has the depth to govern. They are each shallow in different ways. But the United States will survive either one.

I respect anyone who deeply believes in either candidate. I have no interest in persuading anyone of my nihilistic view.

Watch George Friedman's Ground-breaking Documentary, Crisis & Chaos: Are We Moving Toward World War III?

Russian adventurism. An ailing EU. Devastation in the Middle East. These are just three symptoms of a systemic instability engulfing a region that’s home to 5 billion of the planet’s 7 billion people.

In this provocative documentary from Mauldin Economics and Geopolitical Futures, George Friedman uncovers the crises convulsing Europe, the Middle East, and Asia… and reveals the geopolitical chess moves that could trigger global conflict. Register to watch the documentary now.

John Mauldin Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in