Bigly Victory for Russia

Bigly Victory for Russia

Angela Merkel saw too much of Trump last week between the NATO Summit in Brussels and the G-7 meeting in Sicily.  She saw him turn against Europe and the Trans-Atlantic obligations by berating Europe’s leaders both explicitly and implicitly.  She then noted that he referred to Germans as “bad, very bad” only to later clarify that his comments were intended only to refer to the millions of German cars sold in the US.

Over the weekend came the news that Merkel herself has no doubt about Trump’s affinity for the Russians.  She signaled as much by indicating, sadly, that Europe now has to forge its own paths forward, both militarily and economically.     Trump and his clones have caused enough unease in Europe that they are raising the white flag.

Since the US society has now become dangerously disassembled (also a Putin victory), nobody seems to care anymore about anything other than his or her own self-interests. 

I hate to be the bearer of bad news.  While Trump may seem to be serving our own self-interests for the moment (in the form of a stronger economy or at least higher stock prices), our country as a whole too should be waiving the white flag.   Turning against Europe and towards Russia may get relief for whatever debt Trump may have with Russia, it will not help either our industry or our democracy.

Editor’s Note: The writer isn’t particularly excited that his next car will have to be a Tesla.  He finds them boring compared to German cars.

Ari Socolow
Ari Socolow: Ari Socolow is the Chief Economist and Editor-in-Chief at BestCashCow. He is particularly interested in issues relating to financial literacy and bank transparency. Since co-founding this website in 2005, Ari has been frequently cited in the media as an expert on local and national savings accounts, CD products, mortgage and loan products and credit card rewards products.


Comments

Add your Comment