It Doesn't Matter Who Is President

"It doesn't matter who is President."

This is something I have heard a lot over the years.

It is more prevalent with younger voters and those who often don't bother to vote.

It should not be forgotten that there are over 75 million people who are eligible to vote in the United States who have never bothered to register.

We are a mere five days after the 2024 Presidential election has been called.

Let's look at some headlines over the last few days.

Source: https://www.newsweek.com/hamas-calls-immediate-end-war-after-trump-election-win-1981571

Source: https://www.msn.com/en-us/news/politics/mexico-s-migrant-caravan-breaking-up-after-trump-victory-sows-uncertainty/ar-AA1tHSCV?ocid=hpmsn&cvid=87d8a32c01404280bd579b537e28db2d&ei=56

Source: https://www.barrons.com/news/eu-chief-suggested-to-trump-buying-us-gas-instead-of-russia-s-451c5356

Source: https://fortune.com/asia/2024/11/06/china-says-it-hopes-for-peaceful-coexistence-with-u-s-as-trump-clinches-win/

Source: https://www.timesofisrael.com/diplomat-says-qatar-pulling-out-of-gaza-mediation-role-confirms-hamas-to-be-ousted/

Source: https://abc7ny.com/post/new-york-city-ending-voucher-program-allowed-migrant-families-buy-own-food/15523750/

Source: https://thehill.com/policy/international/4979324-putin-congratulates-trump-election/

Source: https://deadline.com/2024/11/stock-market-surges-donald-trump-2024-election-1236169001/

Dow Jones Average chart over the last month.

Source: https://www.cnbc.com/quotes/.DJI

S&P 500 over the last month.

Source: https://www.cnbc.com/quotes/.SPX

Source: https://apnews.com/article/bitcoin-crypto-donald-trump-election-c2e2a1a895288c5e9c0df2721012a5bb

Bitcoin chart over the last month.

Source: https://www.cnbc.com/quotes/BTC.CM=?qfsearchterm

Source: https://www.nbcnews.com/now/video/susie-wiles-will-be-first-female-white-house-chief-of-staff-223921733588

Some on X with tongue firmly placed in cheek note that Trump is already bringing down prices.

 

The string of headlines like those above caused the internet satire site The Babylon Bee to post this meme.

Will Trump have anything to do when he is actually inaugurated?

The unfortunate reality is that there is plenty to do.

In fact, despite the euphoria right now among his supporters, the odds are high that there are massive challenges ahead for Trump.

You can be sure that those in the Big State, Big Media and Big Tech will be challenging him at every turn.

Add to this group Big Pharma now that Trump has added Robert F. Kennedy to his team in order to Make America Healthy Again.

The odds are also high that we will see a major recession, stock market correction,  or expanded war in the Middle East, Europe or Asia over the next four years.

It will also be a miracle if we don't face a major federal debt crisis in that time.

Federal debt as a % of GDP is now higher than what it was right after we borrowed heavily to fight and win World War II.

At the end of 2023, U.S. debt was 121% of GDP. 

It peaked at 119% in 1946.

The debt taken on for World War II became manageable over time because the economies of most countries around the world were devastated by the war.  This allowed the United States to dominate the world economy with large annual increases in GDP.

We are in a much different position today.

We also have to consider the possibility that any crisis ahead could be significant enough that the future of our society itself could rest in the balance.

This was true in previous Fourth Turning crisis periods in American history---the Revolutionary War, The Civil War, Great Depression and World War II.

You may notice that these Fourth Turning crisis periods are all separated by about 80 years.

1945 + 80= 2025

(If you want to know more about The Fourth Turning theory regarding the cycles of history I did a three part series of blog posts on the subject in July of this year here, here and here).

A major reason that I voted for Donald Trump in last week's election was that I was very sensitive to the threats to our society that we may face in the next four years.

This is a time when we need strong, courageous and indomitable leadership.

This is a time when we need someone who will fight without flinching or fear.

This is a time we need someone who is battle-tested and who has had to get in the ring against the longest of odds and survived.

I don't believe there is another human being alive on earth today who has faced more adversity and challenges than Donald Trump has over the years in both business and politics.

And he is still standing.

I am also confident that he will be ready and able to meet any challenges ahead.

That was no the case with his opponent or anyone else in the Democrat party right now.

You may not like his bluster or brashness or his talk and tweets. 

However, if we get into a full-scale Fourth Turning crisis, you better thank God Donald Trump is your President for the next four years.

Trump's resolve and resilience may make all the difference in the world.

It doesn't matter who is President?

It matters. It matters a great deal.