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Recent Elections Show Weaponizing Antisemitism to Protect Israel Is Backfiring
Mohammed Samaana for Informed Comment Israel and its hard line supporters have long relied on weaponizing charges of antisemitism to silence critics and anyone who tried to highlight the plight of the Palestinian people. Two recent elections on both sides of the Atlantic, however, have delivered a blow to this groundless bullying and harassment that […]
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Donald Trump’s Presidency Is in Free Fall
Consider three of the biggest developments in our politics right now: We just learned that the economy lost 92,000 jobs in February, a capstone to a terrible year in terms of job creation. President Trump has fired widely despised Homeland Security Secretary Kristi Noem, a key architect of his mass deportations. And reports are indicating that the killing of scores of Iranian schoolchildren might have been the handiwork of the United States. What links all these things? In addition to the massive human toll they’re inflicting, they suggest that Trump is about to pull off a unique trifecta. He is squandering the advantage he and Republicans have enjoyed in recent years on three major GOP-friendly issues: the economy, immigration, and national security.This isn’t meant as a political gotcha; it has important ideological and policy implications. When Trump took office last year, it was reasonable to fear that the American public would rally behind mass deportations and tariffs—that is, embrace two of the main tenets of right-wing nationalism. Meanwhile, the launch of the largest military attack in the Mideast in decades might have plausibly produced a rally-around-the-war-president effect.None of that is happening. And that’s significant in not so obvious ways.Let’s start with Trump and national security. According to an extraordinary video analysis by The New York Times, the horrific bombing of an elementary school in southern Iran—which killed 175 people, many children—occurred while the U.S. was conducting missile strikes in the area aimed at a nearby Iranian naval base.What’s more, Reuters reports that military investigators now believe U.S. forces likely bombed the school. We should suspend final judgment, of course. But it’s looking very much like this atrocity—one of the worst massacres of civilians in memory—is the result of Trump’s war. Whatever we learn about it, there will inevitably be more such horrors.Now look at this in the context of remarks from Defense Secretary Pete Hegseth and White House adviser Stephen Miller. Hegseth recently declared that the United States is dispensing with “stupid rules of engagement” and will no longer fight “politically correct wars.” Miller recently enthused that Trump’s military doesn’t have “its hands tied behind its back,” mocked the very idea of human rights, and insisted that “strength” and “force” and “power” are fundamentally all that matter in the international arena.But we’re now learning why we have the sort of constraints on military conduct these men ridicule. “Trump, Miller and Hegseth’s FAFO approach to the use of official government force and violence comes with considerable risk,” Democratic Congressman Adam Smith told me, employing the acronym for “fuck around and find out.” Atrocities like the school bombing, he added, show the perils that come when we “brazenly dismiss any sort of rules of engagement designed to protect the lives and rights of civilians.”The swaggering certainty of Hegseth and Miller, those two giants of American statecraft, is what’s notable here. As Alan Elrod writes at Liberal Currents, at times like this you can almost smell MAGA’s “bloodlust.” Clearly they have no doubt the public will rally behind this supposed display of Trump’s “strength.” Or maybe they don’t think it matters what the public thinks. But it does matter. Data analyst G. Elliott Morris averaged high-quality polling on Trump’s Iran invasion and found that only 38 percent of respondents approve—the lowest initial support for an American war perhaps ever. Trump’s overall approval has also dropped a hair since the bombing began—it’s hovering at around 39–58—leading Morris to conclude that no rally-around-the-flag effect is materializing.Also note that a CNN poll just showed that 59 percent don’t trust Trump to make the right decisions regarding the use of force in Iran, suggesting already-entrenched skepticism of Trump’s commander in chief abilities exactly when a “war president” boomlet might be expected to kick in. The school bombing will make this worse. In short, Trump has no built-in national security advantage. If anything, he’s viewed as bad on it.I’ve already tried to demonstrate at length that Trump is throwing away the GOP’s recent edge on the economy and immigration too. The latest news reinforces this: The abysmal jobs report adds to a bigger picture in which job growth has been significantly lower under Trump than under his predecessor. His numbers on the economy are awful.Meanwhile, Noem’s firing is partly a response to public anger over Trump’s invasion of Minneapolis. But it won’t solve his deeper problem. As long as the underlying agenda remains Miller’s dream of national ethnic reengineering—which requires going after noncriminals to get removal numbers up, necessitating more paramilitary violence in our communities—Trump will tank on the issue. As TNR’s Michael Tomasky notes, the durable public backlash is the big story here. Indeed, by one calculation, Trump’s net approval on immigration since last year has dropped by 20 points.None of this guarantees a Democratic win this fall, and a rebound remains possible. Trump might end the war on a claim of victory, dial back paramilitary violence against Americans, and enjoy some kind of economic resurgence. Yet right now, George W. Bush’s fate is beckoning. While immigration was less relevant back then, the financial crisis and Iraq debacle wrecked Bush’s standing on the economy and foreign affairs alike. Iraq—and Hurricane Katrina—irreparably broke public impressions of Bush’s executive competence. From 2016 onward, Republicans largely recaptured these issues. But now Trump is drifting close to the Bush danger zone.There’s another through line here. I guarantee you that Miller and Hegseth believe a latent majority out there is quietly rallying behind zero-sum malignant nationalism (tariffs regardless of the consequences), the treatment of all undocumented immigrants as criminals (mass deportations), and a kill-first-think-later military posture (what Hegseth calls the “warrior ethic”). This calculus assumes most voters will unthinkingly glimpse “strength” in nationalist belligerence, in unshackled state violence at home and abroad, in nakedly authoritarian abuses of power. The Miller-Hegseth calculation resembles the old Bill Clinton adage—that being “strong and wrong” is always politically better than “weak and right.” Trump can’t lose as long as he’s cracking the heads of the right “enemies,” whether they’re Euroweenie elites, “criminal illegal aliens,” or what Miller calls the “savages” in the Mideast.That supreme hubris is now breaking up on the shoals of Trump’s malevolence and incompetence on tariffs, his undisguised white nationalist brutality on immigration, and his sociopathic warmongering amid an obvious lack of any real war rationale. In 2024, Trump coasted on (undeserved) GOP strength on the economy, immigration, and national security, but those pillars are now crumbling. Americans are seeing the real “America First” agenda up close—militarism, imperialism, malign nationalism, unabashed authoritarianism—and they’re recoiling. Though this is small consolation amid all the darkness enveloping us, it’s nonetheless a heartening development indeed.
Trump Is Risking a Global Stagflation Crisis With His Iran War
American and Israeli strikes are hitting Iran hard. Through both naval and air power, much of the country now finds itself engulfed in a near-constant barrage, with air superiority close to being secured across the entire country. Ayatollah Khamenei is dead, as are various high-ranking officials and more than 1,000 civilians, including over 100 young children. Iran’s missile and drone supplies have also been partially depleted, with swaths of them being shot down within the Gulf and the areas surrounding Israel. Simply put, no military path to victory exists for Iran or its regional proxies.And yet, despite clearly having the upper hand, U.S. leaders’ rhetoric seems to be increasingly escalatory, if not downright panicked. Donald Trump and Defense Secretary Pete Hegseth have both indicated an openness to on-the-ground troop deployments, with U.S. force increases already being sent to the region alongside expanded air and naval assets. The timeline of the campaign has also been extended, with Trump claiming that four to five weeks of operations will likely be necessary in order to achieve victory. Hegseth, diverging from the president, is now claiming eight weeks is necessary. The overall objective against Iran is by no means clear, nor are we even certain what kind of regime change the U.S. is looking for—if that is indeed the goal.But one thing is clear: The economic and social effects of this conflict are going to be far-reaching, and also well beyond the scope that was initially laid out by Trump. As the war is prolonged, oil and gas infrastructure is being bombed, with production either halted or the resources redirected to storage. Fuel storage infrastructure is now rapidly approaching capacity. Cuts to production, if not full shutdowns, are going to have to occur within the next several days. Global energy prices will skyrocket, causing massive ripple effects throughout various industries.Fossil fuel–intensive sectors, such as automobiles, semiconductors, manufacturing, aviation, and agriculture, will all face severe supply shocks as energy costs and other inputs jump in price. Bonds and financial assets will also come under increased scrutiny, with the likely effect being a credit crunch that limits liquidity and investment. The sorts of conditions that tend to lead to job losses will flow from these events, alongside other forms of economic insecurity. Akin to the stagnation crisis of the 1970s, the economy will face inflationary pressures and job losses concurrently, delivering a crisis that lingers far beyond the individual acts of the war.For Gulf allies like the UAE, Qatar, and Bahrain, anxiety is growing as supplies and stockpiles dwindle. Up until this point, an overwhelming number of Iranian barrages in the region have been downed or struck, impeding them from their intended target. But this can’t continue indefinitely—and with the Strait of Hormuz closed and air travel sharply curtailed, many regional partners are now experiencing a complete economic pause, particularly for trade and exports.Iran’s military strategy is now centered around attrition and disruption. Through drawn-out and unrelenting attacks, Iran is attempting to degrade both munition supplies and energy resources and cause strain through a thousand cuts. Security expert Kelly Greico at the D.C.-based Stimson Center recently estimated that for every $1 Iran spends on drones, the UAE spends “roughly $20–28 shooting them down.” The asymmetry in costs here is rather stark, and when replicated regionally, the level of anxiety emerging from America’s partners does indeed make sense.Iranian leaders don’t need to win militarily; they just have to inflict enough damage and buy time until supply pressures and shocks become too substantial. They can’t out-bomb the U.S., but they can cause pain to allies and markets that will eventually force Trump to the negotiating table. The U.S. and Israel now need to figure out how to help themselves and regional allies absorb these shocks—and the financial and political turmoil they’re causing.Bahrain is now facing internal Shia, pro-Iran protests, which have historically led to Saudi intervention. The country’s energy sector has also been paralyzed through drone and missile barrages. Both the UAE and Qatar have had their energy markets and influencer-playground status shattered. Many residents have begun to flee, with some driving overnight to find safe flights out of the region. Luxuries and status symbols have been replaced with sirens and drone attacks, and energy market worries. These emerging shutdowns are only expected to increase in their severity in the coming weeks as shortages continue and shipments remain endangered. Qatar’s own Minister of Energy Saad Al Kaabi has warned that the region is weeks away from a comprehensive shutdown in production. Even if the war ended up concluding soon after these cuts, the ripples from this would endure for months.Global energy and fuel prices have jumped massively from their prewar levels. In the United States, per-gallon prices at the pump have risen by 34 cents since the war began—and that’s only for unleaded. Diesel, the primary fuel for the trucks that transport goods across the country, has risen even faster. In Europe, price increases for oil and gas have also risen precipitously, already reaching records set during the initial reaction to the Russian invasion of Ukraine in 2022. For much of Asia, especially China and India, the disruptions are bound to cause concentrated problems within fossil fuel–intensive sectors, likely resulting in further price increases as the ripple effects of this war are felt. Increased shipping costs will lead to more expensive production. As production costs rise, this will only make goods and services more expensive for the consumer. Any and all things that are grown, shipped, or manufactured will take a hit, leaving durable price increases that will persist beyond the end of the war. These rising energy prices will almost certainly result in political backlash and opposition, both in the U.S. and abroad. Shortages and exorbitant prices will cause queues and declines in spending. Financial markets will be tasked with maintaining their balance sheets while also not completely stopping credit allocation. Debts and interest rates could rise as inflation and financial leverage become too much to bear. Countries will have to ration and actively choose which constituencies deserve more support. Electorally, it will be a disaster for many parties in power. And as the conflict further degrades markets stability, and as refugees flee a worsening situation, this potential for disruption will only grow fiercer. Friends and clients alike will indeed begin to react differently as their direct interests are threatened or upended, especially if in response to a war that was voluntarily launched with no long-term plan.Trump has attempted to assuage these concerns by claiming, for example, that U.S. air and naval power will protect oil and natural gas shipments through the Strait of Hormuz, while U.S. funds might cover the maritime insurance costs for ships within the region. This, however, would put the U.S. on the hook for a now $350 billion market that is on fire. It is unclear whether the U.S. will be able to sustainably cover these costs, even in the short term. The administration has also announced plans for Treasury Department interventions, monetary policy efforts, and tapping our oil reserves. But with energy production facing an existential crisis, these efforts have yet to soothe markets or their growing fears.As Trump has indicated, the U.S. can sustainably pull munitions and supplies from other bases throughout Asia and North America for an extended period. But this reorientation of resources will take time and would need to cover large swaths of the Middle East, including their economic-industrial bases. Thus, what the U.S. faces here is a military conflict that needs to be ended before stockpiles and markets are whittled down to dust. Much of the Gulf is already clamoring for some kind of negotiated settlement.The scope of war is expanding every day. American and Israeli attacks against Iran will continue apace, and their effects will indeed cause significant damage to Iranian leadership and the IRGC. But if Iran can sustain its attacks, more drones will manage to slip through defenses, resulting in casualties and upended lives. Critical infrastructure and trade nodes will be damaged, as will the region’s energy outputs. In the short term, we’ll likely see rising tensions over resources, with long-term risks of a global energy crisis. The U.S., as exhibited by today’s lackluster job report, is in no position to absorb a series of economic shocks or perpetuate a war that is only providing bad options. The war will not mitigate affordability issues, nor will it magically bring down health care costs and save lives. Simply put, at a time of intense insecurity and inequality, the Trump administration seems determined to continue with a war that is rapidly exacerbating America’s own internal crises.
Tax the Oligarchs: Sanders’ Billionaire Wealth Tax Takes Aim at America’s New Gilded Age
Posted by Joshua Scheer A new bill from Bernie Sanders and Ro Khanna would impose a 5% annual tax on billionaire wealth—raising trillions to fund healthcare, housing, childcare, and direct payments for working families. At a time when nearly two-thirds of Americans live paycheck to paycheck while a handful of oligarchs accumulate obscene fortunes, a […]
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