Trump is already the most successful U.S. president since Reagan

He can be a tiresome and implausible public figure at times, and the reservations widely held about him, in the United States and elsewhere, are understandable and not unfounded. He is, however, the most effective U.S. president since Reagan. In the 20 pre-Trump years, over $5 trillion and scores of thousands of American casualties were squandered in Middle East wars (while most Iraqis were handed over to Iranian influence), an immense humanitarian refugee tragedy was provoked, along with the greatest world economic crisis since the 1930s, American GDP per capita growth and capital investment shrunk by 75 per cent, the work force lost over 15 million people, millions of unskilled, illegal migrants were admitted, and the national debt of 233 years of American independence more than doubled in the last seven years of Obama. Those 20 years were the only time of absolute decline in American history, as well as a period of prolonged economic stagnation. Americans, unlike the older great nations of Europe and the Far East, have never experienced such setbacks and stagnation, and don’t like or accept them. It was in these circumstances that this unusual president was elected.

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In addition to these American problems, there is the international phenomenon of ever-widening disparity of wealth and income, with no obvious solution — taking money from people who have earned it and giving it to those who haven’t will just drive out the high economic achievers who provide most of the personal income tax revenue already. And there is the problem that, for the first time, higher technology produces unemployment rather than employment, and increased productivity, unlike in the Reagan years, has not, until Trump was elected, led to job creation.

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