War on Ivies is Smokescreen
Most of Donald Trump's threats against Ivy League colleges are an attempt to divert attention away from an economy heading into crisis.
The trade war is producing economic and foreign policy nightmares, with budget deficits projected to rise further under Republican rule.
- The stock market is traumatized.
- Investors are starting to bail out of the U.S.
- Recession and possibly stagflation are both forecast.
Even Trump's beloved oil drillers are suffering, with the stock of the fracking company once run by Energy Secretary Chris Wright fallen 43% this year.
Trump has chosen a target associated with the elitism that his MAGA base has come to resent.
Author's summary: Trump's threats against Ivy League colleges distract from economic crisis.
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