by Bill McBride on 10/10/2016 02:01:00 PM
Monday, October 10, 2016
Important Note: I've been writing this blog for 12 years, and I've written about economic policies, but I've avoided politics - until this year. On economics, I like to be able to link back to my posts about the housing bubble, that house prices might fall 40% or more in some areas, that the economy was bottoming in 2009, that house prices bottomed in early 2012, and on and on. In the future, I expect I will link back to my posts about Mr. Trump - and show that I criticized him early, often, and in the harshest terms - and show that I was on the right side of history.
The presidential "debate" last night was disgusting. We heard every extreme conspiracy theory, and a "candidate" for President having to apologize for his sexual comments.
A few truths: Trump lies repeatedly, he knows nothing about economics, and he is a disgusting person (his comments were not locker room comments). And his threat to jail his political opponent will be discussed and criticized for centuries.
Back in May, I wrote A Comment on Litmus Test Moments. I gave an example of some litmus test moments (issues that will come back and haunt people if they were on the wrong side - like the housing bubble). I argued that rejecting Trump will be a "litmus test" in the future.
I updated the post in August, see: Update on Litmus Test Moments.
Some advice: Rejecting Trump sooner is better than later, but publicly rejecting him before the election is critical. Here is a Republican Congressional Candidate rejecting Trump today:
Dr. Christopher Peters, the Republican candidate in Iowa’s 2nd Congressional district, is announcing today that he will not vote for Donald Trump for president. ...Send a message to the future! It is important that Trump loses and loses badly. You will feel better about yourself in a few years when you can honestly say you didn't vote for Trump. It will be even better if you can point to a public post opposing Trump written before the election (twitter, Facebook, blog, etc). You will thank me later.
“I should have spoken out against him much earlier, and regret that I failed to do so,” Peters adds.