Friends,

Trump’s war in Iran is entering its third month. Gas is $1.50 more at the pump than it was before February 28. Other prices are rising. The American economy is showing signs of the dreaded stagflation (the combination of inflation and stagnation that’s difficult to overcome). There’s a loud outcry over revelations about Trump’s self-dealing, including his $1.8 billion slush fund and permanent immunity from any IRS audits of him and his family.

Given all this, some political observers I rely on tell me Trump has finally overplayed his hand. He’s a lame duck who’s now facing the beginning of the end. His power is disappearing. Not all political observers I’ve been consulting agree.

Hence, this week’s Office Hours question: In your view, has Trump finally overplayed his hand, and, if so, what are the likely consequences for him, America, and the world?

I’ve grouped the responses I’ve received from seasoned political observers into several categories, which I’ve summarized below. I’d appreciate your thoughts.

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Source link robertreich.substack.com
Trump’s ongoing conflict in Iran has now lasted three months, resulting in a $1.50 increase in gas prices since late February and contributing to rising costs across the board. The U.S. economy shows signs of stagflation, complicating recovery efforts. Amidst controversies surrounding Trump’s self-dealing, including a $1.8 billion slush fund and immunity from IRS audits, some political analysts believe he has become a lame duck, signaling the decline of his power. However, opinions vary on whether he has indeed overplayed his hand and what the consequences could be for him, America, and the world.