Trump’s got a poor understanding of basic economics. I lack a degree from the Wharton School of Business, or a degree in anything related, and I still knew that was a dumb move back when he did it. Trump’s also endorsed a lot of dumb Obama moves (including Obamacare), and made other predictions indicating he really doesn’t get stuff like unintended consequences, economic bubbles, or (when it comes to his tariff plan) even basic things like how people respond to rising prices.
Trump has gotten good at spending other people’s money while protecting himself from financial harm, but that’s not the same thing as understanding basic economics. He doesn’t seem to realize that, and I’m afraid a lot of his supporters don’t, either.
This is the key to his psyche...
“Trump told the New York real estate publication The Real Deal that his employees were responsible. “We weren’t happy with them and we terminated them based on the fact they were not doing what they said they were going to do,” he said.
The Trump campaign did not respond to requests for comment.”
Taking responsibility is not a forte.