Donald
Trump came to the White House promising that he would make deals the likes of
which the country and the world never seen.
He nears the
end of his first term in Washington on Wednesday by abruptly ending the possibility of a
deal to provide more money into the economy as it seeks to dig out
from a massive hole created by the coronavirus pandemic.
"I have
instructed my representatives to stop negotiating until after the election
when, immediately after I win, we will pass a major Stimulus Bill that focuses
on hardworking Americans and Small Business," Trump tweeted Tuesday afternoon.
It was a massive shock -- coming less than 24 hours after Trump had been
released from Walter Reed medical center after being hospitalized with
coronavirus -- and immediately sent the stock market tumbling.
Official
Washington was stunned by the news, with Democratic House Speaker Nancy Pelosi,
who had been engaged in ongoing stimulus negotiations with Treasury Secretary
Steve Mnuchin, speculating that Trump's move might have something to do with
the medicine he had been receiving to treat Covid-19.
"Believe
me, there are people who think that steroids have an impact on thinking,"
Pelosi told House Democrats on a call organized after Trump's announcement,
according to CNN's Phil Mattingly. "So I just don't know."
Regardless of
the reasons behind Trump's sudden decision to call off the talks, the practical
effect will be to ensure there is no further stimulus money allocated by
Congress before the end of its current term. And for Trump personally, the lack
of a deal represents a remarkable failing of one of the central promises of his
presidency: That he could make deals that other longtime Washington politicians
could only dream about.
The seminal
text of Trumpism -- to the extent a cohesive worldview exists -- is the
billionaire businessman's "Art of the Deal." In the introduction to that book,
he writes:
"Deals
are my art form. Other people paint beautifully or write poetry. I like making
deals, preferably big deals. That's how I get my kicks."
In announcing
his presidential campaign in the summer of 2015, Trump put his deal-making
prowess center stage. "Now, our country needs -- our country needs a truly
great leader, and we need a truly great leader now," he said. "We need a
leader that wrote 'The Art of the Deal.'"
Throughout the
2016 campaign, he leaned on the idea that the only solution to a broken
Washington was an out-of-the-box business leader who understood the leverage
needed to make deals.
In the White
House, that rhetoric continued.
"With
deals -- that's what I do, is deals," Trump said in May 2018 in
regards a China trade deal. He added around that same time:
"I've made a lot of deals. I know deals, I think, better than anybody
knows deals. You never really know."
But viewed
broadly, Trump's first term has been defined by the deals he didn't do.
Trump promised to force Mexico to pay for the construction of the southern
border wall. He said he would renegotiate the Iran nuclear deal. That he would
make a peace deal between Israel and Palestine. That he would pass a new health
care bill. That he would pass a new gun control measure.
And Trump has
also pulled America out of a number of international coalitions -- including
the Trans-Pacific Partnership
and the Paris Climate Accords. He's
also cut American funding for the World Health Organization and the United Nations.
Trump has, as
he did on Tuesday, blamed these deal failures on bad actors -- domestically and
internationally -- who actively undermine compromise. "Nancy Pelosi is
asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat
States, money that is in no way related to COVID-19," Trump tweeted. "We
made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not
negotiating in good faith."
Which, well,
OK. But remember: Deals were very hard to come by prior to Trump's arrival in
Washington. Partisans with very different priorities as to what Congress should
do -- and how they should do it -- are nothing new. And Trump cast himself as
the one person with the resume, experience and skill set to break these
logjams.
By any -- and
every -- measure, Trump has failed to make good on that promise. His shutdown
of stimulus negotiations on Tuesday are simply an exclamation point on that
failure.
From CNN.com