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The King of New York

by Index Investing News
February 21, 2025
in Economy
Reading Time: 3 mins read
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When Joe Biden was president, Republicans rightly complained that he usually abused his energy when doing issues like cancelling scholar money owed. In addition they rightly complained when the federal authorities usurped the facility of state and native governments.  The GOP is historically seen as favoring “federalism”.

Was the GOP criticism concerning the president exceeding his constitutional authority, or was the precise criticism that the president exceeded his constitutional authority whereas pursuing Democratic Get together targets?  Maybe this can reply the query:

President Trump and his new transportation secretary, Sean P. Duffy, made it sound as if their energy to tug the plug on New York Metropolis’s six-week-old congestion pricing program was absolute.

Mr. Duffy, who has been on the job for lower than a month, wrote to New York’s governor on Wednesday that “I’ve concluded” that the tolling program, carried out after a grueling, years lengthy course of, was not “eligible” underneath the federal statute used to enact it.

Mr. Trump’s rationalization was even much less advanced: He hit the caps-lock button and invoked his authority as “king.”

“CONGESTION PRICING IS DEAD, Manhattan,” the president wrote on social media, “and all of New York is SAVED. LONG LIVE THE KING!”

Lengthy-time readers know that I’m not President’s Trump’s largest fan.  However on this case, I give him credit score for honesty.  Up to now, commenters have raked me over the coals for claiming that Trump had authoritarian tendencies.  I’m glad that I now not must make these arguments; I can merely quote from the president’s personal statements.

New York’s congestion pricing plan had decreased visitors congestion, regardless of being poorly designed relative to congestion pricing in another huge cities.  If the courts uphold Trump’s determination (which isn’t in any respect sure) then we are able to anticipate NYC visitors to worsen.

I’ve seen a latest development in American politics/policymaking.  Politics more and more appears to be a form of efficiency artwork.  Thus trolling is now not merely a way utilized in some conditions, it has change into part of the policymaking course of.  Whereas Donald Trump is the grasp of the artwork of trolling, the development has filtered right down to the native degree.

A couple of miles from the place I dwell is the well-known browsing city of Huntington Seaside.  (BTW, California suburbs are huge–HB has 200,000 residents.)  Huntington Seaside lately determined to place a plaque outdoors town library.  As well as, they determined to spend some cash defending the plaque:

Councilmember Gracey Van Der Mark, who submitted the up to date design, additionally mentioned the council had raised an additional $1,000 to pay for a highlight set up to guard the plaque from vandalism.

You would possibly marvel why a metropolis would assume that they wanted to spend taxpayer funds defending a plaque outdoors a library.  See for those who can guess why town council was nervous:

Public coverage as trolling.

PS.  A quick follow-up to my earlier publish.  Niall Ferguson lately had this to say (replying to JD Vance):

I’ve mentioned greater than as soon as up to now three years that the conflict wouldn’t have occurred if President Trump had been reelected in 2020. I supported his marketing campaign for reelection final yr, persistently predicted his and your victory, and welcomed the “vibe shift” that victory represented. I’ve additionally supported the President’s earlier calls to barter peace between Russia and Ukraine. So I’m not positive I actually qualify as a globalist. In reality, I agree with all 5 of the factors you make. Certainly, I praised your Munich speech. . . . However I merely can not perceive the logic of starting a negotiation this tough by conceding so many essential factors to Russia.

These of us who’ve understood Trump from the start are by no means stunned by what we see.  Trump has repeated praised Putin, even when he was campaigning again in 2016.  It’s a pity that so many intellectuals did not take his feedback critically, and now discover themselves bewildered by what is going on.   



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