Almost one year into Donald Trump's presidency, you have to pinch yourself to make sense of it all. America is caught up in a debate about the president's sanity. Trump fans the flames by taking to Twitter to crow about his "very stable genius" and to boast about the impressive size of his nuclear button.
Trump-watching is compulsive — who hasn't waited guiltily for the next tweet with horrified anticipation? Given how much rests on the man's shoulders, and how ill-suited he is to the presidency, the focus on Trump's character is both reasonable and necessary.
But, as an evaluation of his presidency so far, it is also incomplete and a dangerous distraction.
Consider first that the American economy is in fine fettle, growing by an annualized 3.2 percent in the third quarter. Blue-collar wage growth is outstripping the rest of the economy. Since President Barack Obama left office, unemployment has continued to fall and the stock market to climb. Trump is lucky — the world economy is enjoying its strongest synchronized upswing since 2010. But he has made his own luck by convincing corporate America he is on its side.
For many in that economy, especially those disillusioned with Washington, a jeremiad over Trump's imminent threat to all of America does not ring true.
What's more, despite his grenade-throwing campaign, Trump has not carried out his worst threats. As a candidate, he spoke about slapping 45 percent tariffs on all Chinese goods and ditching the North American Free Trade Agreement with Canada and Mexico. There may soon be trouble on both those fronts, but not on that original scale. He also branded NATO obsolete and proposed the mass deportation of 11 million illegal immigrants. So far, however, the Western alliance holds, and the level of deportations in the 12 months to September 2017 was not strikingly different from earlier years.
Trump's legislative accomplishments have been modest and mixed. A tax reform that cut rates and simplified some of the rules was also regressive and unfunded. His antipathy to regulation has invigorated animal spirits, but at an unknown cost to the environment and human health. His proposed withdrawal from the Paris climate agreement and the fledgling Trans-Pacific Partnership was foolish, but hardly beyond the pale of Republican thinking.
His opportunism and lack of principle, while shameful, may yet mean that he is more open to deals than most of his predecessors. Just last week, he combined a harsh plan to deport Salvadoreans who have temporary rights to live and work in America with the suggestion of a broad reform to immigration. He also said that he will be going to the World Economic Forum this month in Davos, where he will rub shoulders with globalists.