Saturday, January 23, 2021

Multiple Presidentiality Disorder...

In what looks to be evolving into a tradition, the period following the inauguration of a new president is turning into a festival of wish fulfillment via Executive Order. International agreements will be left or re-entered, massive projects canceled or inaugurated, via Oval Office fiat.

Any group of foreign powers who thinks they can count on the US to stay the course for more than four-eight years is looking increasingly delusional. Any large corporation that wants to engage in a big infrastructure project that can't be finished inside a single presidential term is going to have an ever more difficult time attracting investors.