Jack Smith is testifying live to a House committee regarding his investigation into January 6. I keep turning the hearing on and off again because the Republicans are too annoying. There are also live updates at The Hill. There’s going to be special coverage on MS NOW tonight and maybe I’ll just watch that.
Trump’s speech at Davos yesterday was a disaster. If anyone on the globe hadn’t already realized Trump is a mentally addled and erratic despot who has no idea what he’s talking about regarding just about anything, they all know now. Yet he’s allowed to remain in office and in charge of the largest nuclear-armed military in the world. There could be no clearer demonstration that the entire political system of the U.S. is hopelessly corrupted.
Here’s a bit more, from Lawrence O’Donnell.
Regarding Trump’s “most favored nation” drug plan, which he believes has already delivered 800 percent lower drug prices to American consumers — apparently the pharmaceutical companies Trump thought he had a deal with haven’t cut any U.S. prices at all. However, they have raised the prices of some drugs sold elsewhere, just so they can they say are meeting Trump partway. Since drug prices in many other countries are set by law, they don’t have much room to maneuver in that regard.
There’s a piece at Wired by Garrett Graff headlined We Are Witnessing the Self-Immolation of a Superpower. It begins:
Imagine you were Vladimir Putin or Xi Jinping and you woke up a year ago having magically been given command of puppet strings that control the White House. Your explicit geopolitical goal is to undermine trust in the United States on the world stage. You want to destroy the Western rules-based order that has preserved peace and security for 80 years, which allowed the US to triumph as an economic superpower and beacon of hope and innovation for the world. What exactly would you do differently with your marionette other than enact the ever more reckless agenda that Donald Trump has pursued since he became president last year?
Nothing.
Right on cue, the NY Times is running an analysis headlined China Wins as Trump Cedes Leadership of the Global Economy. (Note: The NY Times is having some technical issues regarding gift links; I’ll try to get a gift link later today.)
In a long, rambling address that was by turns bombastic, aggrieved and self-congratulatory, President Trump pronounced last rites on American leadership of the liberal democratic order forged by the United States and its allies after World War II.
Mr. Trump used a keynote speech at the World Economic Forum in Davos on Wednesday — a pilgrimage site for adherents of globalization — to assert that the United States was done offering its markets and its military protection to European allies he derided as freeloaders. And he vowed to advance his trade war. He characterized tariffs as the price of admission to a land of 300 million consumers.
“The United States is keeping the whole world afloat,” Mr. Trump said. “Everybody took advantage of the United States.”
Of course, no country benefited more from the old arrangement than the United States, but Trump is too stupid to understand that.
Where is the Greenland issue, btw? Trump seemed to think he had made some kind of satisfactory deal, or at least had the framework of a deal, but what I’m reading today suggests this deal may exist only in Trump’s head. See the BBC, What we know about Trump’s ‘framework of future deal’ over Greenland. There were earlier stories leaked by somebody that somehow some areas of Greenland would be ceded to the sovereignty of the U.S. But Secretary General of NATO Mark Rutte, with whom Trump was negotiating, said that they didn’t discuss sovereignty at all. And Denmark/Greenland say that sovereignty is off the table and behind a red line and probably an impenetrable forest of thorns and ghosts and spells by several witches. Ain’t gonna happen. So nothing is settled.
I’m hearing that Trump is keenly interested in rights to Greenland’s mineral resources. The problem is that even if the U.S. had the “rights” to the minerals, actually extracting those minerals from Greenland would take more investment in money and time than the stupid oil in Venezuela and it’s unlikely any part of the private sector would take it on.
Let’s hope Trump doesn’t notice there really isn’t any more of a deal with Denmark than there is with the pharmaceutical companies.
Meanwhile, the Trump-made crisis in Minnesota appears to be escalating, with no end in sight. See David Kurtz at TPM for the latest.
