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Stay alert, America."Those who do not remember the past are condemned to repeat it."—Philosopher George Santayana
Suddenly, with Trump in the White House for the next four years, it's all fair game again.Beginning in his first month in office and continuing through today, Obama not only continued many of the most extreme executive-power policies he once condemned, but in many cases strengthened and extended them. His administration detained terrorism suspects without due process, proposed new frameworks to keep them locked up without trial, targeted thousands of individuals (including a U.S. citizen) for execution by drone, invoked secrecy doctrines to shield torture and eavesdropping programs from judicial review, and covertly expanded the nation's mass electronic surveillance...Liberals vehemently denounced these abuses during the Bush presidency... But after Obama took office, many liberals often tolerated — and even praised — his aggressive assertions of executive authority. It is hard to overstate how complete the Democrats' about-face on these questions was once their own leader controlled the levers of power... After just three years of the Obama presidency, liberals sanctioned a system that allowed the president to imprison people without any trial or an ounce of due process.
Most remarkably, however, after three debates, two conventions and an election that seemed to last forever, there remains a great deal of uncertainty over what type of president Trump will actually be. In an election that was dominated by coverage of tweets, videos and emails, policy questions received surprisingly little airtime. And those questions are now crucial for markets.The problem, according to Morgan Stanley, is during the campaign, "Trump was a master at keeping both possibilities open, broadening his appeal. Like Schrodinger's cat, his policies existed in a state of being both pragmatic and radical, all at the same time. Upcoming cabinet appointments offer clues to which interpretation is right. Until then, we promise to keep an open mind, and focus on modelling the different paths a Trump administration could take, and what it means for markets."
To a remarkable extent, investors we've spoken to both before and after November 8 disagree on what President-Elect Trump will actually do. Many have told us, confidently, that they believe that, while he said some extreme things on the campaign trail, he is ultimately a moderate, pragmatic businessman. A deal-maker who will delegate policy to experts, lead with market-friendly (almost Keynesian) fiscal stimulus and ultimately avoid a large fight on trade. Other investors take a less benign view. They say the President-Elect should be taken at his word, and that since the start of his campaign he has defied predictions that he would moderate his tone or policy message.




Comment: The ever-hysterical Huffington Post weighs in to fan the fears of 'white supremacists" in the White House. Let's remember that both Trump's daughter and son-in-law are Jewish. For more understanding: The cognitive dissonance cluster bomb
But lefties aren't the only ones upset about Trump's selections so far. Trump advisor Roger Stone warned him against choosing Priebus because he is 'one of them'.
While it would be 'ideal' for Trump to include none of 'them' in his govt, the reality is you don't just walk in and take over. The system is very entrenched. He has to ingratiate himself with these creatures to some extent, and then gather the forces he needs to make a difference...
Keep your friends close but your enemies closer, and all that Art of War stuff.