My Review of Maggie Haberman's and Jonathan Swan's "Regime Change"

 A Man in Full*

Much has already been written about “Regime Change.” New York Times reporters Maggie Haberman and Jonathan Swan have chronicled the first year of the second Trump administration which they rightly characterized as the start of an imperial presidency. Thus, I don't have much to add. It is an administration loaded with sycophants who are willing to enforce Trump’s retribution agenda. Indeed, Trump is presiding over an historic expansion of executive power that has no parallel in peacetime and has engaged in a pattern of self-enrichment that is without precedent.

 

There are more than a few nuggets in the book such as the use of the situation room, hitherto focused on national security events, to discuss the Epstein affair which for a while, paralyzed the administration. We also learn that Trump aide, Natlie Harper is with him constantly as she runs his Truth Social account and caters to his every whim.

 

Nevertheless, I expected much more from the book, especially from Maggie Haberman who has followed Trump since her days at the New York Post in the early 2000’s. ( See: Shulmaven: My Amazon Review of Maggie Haberman's "Confidence Man: The Making of Donald Trump and the Breaking of America")  In many respects the book reads like a long New York Times article, except most of the sources are on deep background. The authors put you in the room where it happened with direct quotes of the participants without attribution.  Unlike Trump’s first administration, the current one does not leak out of a real fear of retribution.

 

So, we are left with question, who talked to the authors?  Who benefits from the book? I can only guess, but those officials most interested in running for office in 2028 and in protecting their future reputation from the investigations that are sure to come can give us a clue as to who spoke to the authors.

 

My candidates are Vice President J.D. Vance, Secretary of State Marco Rubio, Chief of Staff Susie Wiles, Secretary of the Treasury Scott Bessent, CIA Director John Ratcliffe, and son-in-law Jared Kushner. These folks talked to Haberman and Swan on a situation-by-situation basis. They only spoke when it served their individual interests, par for the course.

 

What Haberman and Swan have done is to give us a good summary of Trump’s first year and it demonstrates his primary motivation is to avenge those who he perceived wronged him in his first term and the investigations that followed. Policy is secondary to vengeance, the accretion of power and self-enrichment.

 

*-With apologies to Tom Wolfe.

The Week the Wheels Started Falling Off the Trump Train

 Last week the wheels started falling off the Trump train. We learned from Atlantic editor Jeffrey Goldberg, who some how was patched into a national security call on the messaging Ap Signal where he listened into a haphazard discussion on the imminent attack on Houthi bases in Yemen. To have such a discussion on Signal was a clear breach of national security by the principals involved who included National Security Advisor Michael Waltz, Vice President J.D. Vance, and Secretary of Defense Pete Hegseth. To add insult to injury, the principals lied about their conversation, only to be shown up by Goldberg, who published a transcript of the call. 

Also on the call was Trump’s envoy to Ukraine and the Middle East, Steve Witkoff. Real estate lawyer Witkoff committed the cardinal sin by listening in on the call from Moscow, where every normal diplomat knows everything is bugged by the FSB. Witkoff is a complete amateur in diplomacy, and he is so far in over his head. Further, Putin and is Minister of Foreign Affairs Sergey Lavrov have been run rings around experienced American diplomats over the past two decades. Simply put, Witkoff is being taken to the cleaners. 

This affair, now called Signalgate, will have a lasting effect on the Trump Administration. If any the American people don’t forgive, it is incompetence. Joe Biden learned this the hard way with his chaotic withdrawal from Afghanistan.

Later in the week Trump announced 25% tariffs on imported automobiles and trucks with its obvious inflationary consequences. In my largely Latino gym, the leading topic of conversation were the auto tariffs, and their imposition is obviously feeding into inflationary psychology.

The week closed out with new data on the deflator for personal consumption expenditures, which for core goods and services in February came in at a higher than expected 0.4%. Inflation has not gone away, and my guess is that market hopes for rate cuts later this year will be quashed. Not surprisingly, consumer confidence in March plummeted to a three year low. 

Further unnerving the public’s mood was Trump’s attacks on Big Law. Two big law firms (Paul Weiss and Skadden Arps) caved into his threats of pulling security clearances and access to Federal buildings. Apparently, they were guilty of supporting anti-Trump efforts. Fortunately, three firms (Perkins Coie, WilmerHale and Jenner Block) successfully filed suit to halt his efforts at intimidation. I am sure that this did not go unnoticed by Chief Justice John Roberts, a veteran of Big Law firm Hogan and Hartson. This will not augur well for the administration when their appeals hit the Supreme Court.

The already weak stock market took notice of these events and declined 1.5% on week and it is now down 5% on the year. Remember Tariff Day is set for next week on Wednesday April 2nd. To close I would note that the day before Herbert Hoover signed the Smoot-Hawley Tariff Act of 1930, the Dow Jones Industrial Average declined by 8%.