HOME



Digby's Hullabaloo
2801 Ocean Park Blvd.
Box 157
Santa Monica, Ca 90405



Facebook: Digby Parton

Twitter:
@digby56
@Gaius_Publius
@BloggersRUs (Tom Sullivan)
@spockosbrain



emails:
Digby:
thedigbyblog at gmail
Dennis:
satniteflix at gmail
Gaius:
publius.gaius at gmail
Tom:
tpostsully at gmail
Spocko:
Spockosbrain at gmail
tristero:
Richardein at me.com








Infomania

Salon
Buzzflash
Mother Jones
Raw Story
Huffington Post
Slate
Crooks and Liars
American Prospect
New Republic


Denofcinema.com: Saturday Night at the Movies by Dennis Hartley review archive

January 2003 February 2003 March 2003 April 2003 May 2003 June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019


 

This page is powered by Blogger. Isn't yours?

Hullabaloo


Monday, January 07, 2019

 
Dealmaking for Dummies

by digby


People actually thought this was real




This piece by Tim O'Brien is spot on about Trump's bogus image as a deal-maker:
“We need a PRESIDENT with strength, stamina, heart and incredible deal making skill if our country is ever going to be able to prosper again!” he tweeted a few months after launching his presidential bid in 2015.

Trump, in reality, was never a peerless or even a particularly skillful dealmaker, and many of the most significant business transactions he engineered imploded. Instead, he made his way in the world as an indefatigable self-promoter, a marketing confection and a human billboard who frequently licensed his name to buildings and products paid for by others.

In Trump’s professional life, his inept dealmaking often came home to roost in unmanageable debts and serial bankruptcies. In his more recent political and presidential life it has revealed itself through bungled, hapless efforts to overturn the Affordable Care Act; forge a nuclear agreement with North Korea; wage trade wars with China, Mexico and Canada; retain control of the House of Representatives; turn military and diplomatic strategy on its head; lay siege to sensible immigration policy; and, now, force a government shutdown to secure funding for a prized project — a wall along the U.S.’s southern border.

Striking lasting deals requires intimacy with the finer points of what every party wants out of a negotiation, realistic goals, maturity, patience, flexibility — and enough leverage so the other side can’t simply stall or walk away from the table. Trump hasn’t met any of those prerequisites in his repeated efforts to fulfill his campaign promise to build a wall, a promise that played to the most xenophobic and bigoted portion of his base while not addressing any of the real shortcomings or necessary enhancements of federal immigration policy.

“Policy” and “Trump” don’t really coexist, of course. The president lacks the interest or sophistication to steep himself in policy details, so he enters the immigration debate and dealmaking for his wall at a distinct disadvantage. For as much as he disparages politicians and public service, Trump is surrounded by Democrats and Republicans who have immersed themselves in immigration discussions for years. Expertise does matter, after all — and Trump doesn’t have it.

The most visible reminder of the raw amateurism that has undermined Trump’s dealmaking came in December during a memorable White House visit with a pair of Democrats, Representative Nancy Pelosi and Senator Charles Schumer. As the trio gradually became unsettled over policy differences that could lead to a government shutdown, Trump, ready to perform for the media he had invited to observe the chat, sallied forth in a burst of bravado.

“I am proud to shut down the government for border security,” Trump told Schumer. “I will take the mantle. I will shut it down. I'm not going to blame you for it.”

Unforced error.

Trump — undoubtedly content to prove he’s willing to burn things down to get his own way — needlessly publicized himself as the author of the shutdown that ultimately arrived. Hmmm. Let’s think about that. Doesn’t every politician in Washington with a sense of the town’s history know that voters grow weary of government shutdowns and tend not to like those responsible for them? Newt Gingrich, whom Trump has occasionally solicited for input, surely knows this. Back in 1995 and 1996, when Gingrich was speaker of the House, then-President Bill Clinton maneuvered to hang a government shutdown around the speaker’s neck — inflicting permanent political damage on the once-ascendant Gingrich.

A word to the wise: If you get saddled with a reputation as a guy who likes to blow up things it can be hard to orchestrate deals. (“President Trump is a terrible negotiator,” Schumer recently said, highlighting how much leverage the president has lost in the wall negotiations.)

Trump also missed chances last year, when Republicans still controlled the House, to seal deals that might have given him significantly more funding for a wall than the $5 billion he wants — and is unlikely to get — now. Early in the year, hampered by his inability to be flexible or understand the other side’s needs, Trump opposed a bipartisan Senate proposal that offered $25 billion for a wall as long as a path to citizenship was opened for 1.7 million young, undocumented immigrants living in the U.S.

Just before Christmas, Senate Majority Leader Mitch McConnell got Republicans behind a short-term funding package to keep the government open until February. That proposal didn’t include money for a wall, and Trump was prepared to support it until backlash from conservative media pundits Ann Coulter, Rush Limbaugh and Laura Ingraham convinced him to retreat. Lacking clear goals for a deal — did he want to keep the government open or did he want to dig in behind a wall? — Trump left his own party befuddled and empowered Democrats.
[...]
Good dealmakers prepare their teams so they can get the support they need to move a negotiation across the finish line. But Trump has apparently overlooked the fact that his administration’s signature accomplishments — landing two conservative justices on the Supreme Court, pushing through a major tax overhaul, and passing criminal justice reform — had been initiated and guided by Republican dealmakers more able than him.

Building a wall, on the other hand, has been Trump’s personal piece of performance art and he has invoked fantasies to promote it (like, for example, compelling Mexico to foot the bill). He has also become so emotionally attached to the effort that he’s put himself at a strategic disadvantage. The president is now so consumed with appearing to win, that he may not win at all.
[...]
This, however, is who the president is. He’s focused on fostering his own, carnivalesque image, and he has little real interest in policy outcomes. And he’s been here before. In 1988, he overpaid in a deal for the Plaza Hotel because he was irrationally enamored of the property. A few years later he lost it in bankruptcy. Around the same time, he bungled negotiations for another project that would have made him a transformative figure in New York real estate because he couldn’t exercise the restraint, foresight and financial discipline needed to get the deal done. In 1996, he passed on selling a stake in one of his casinos that would have netted him about $180 million and helped prop up his struggling Atlantic City operation because he didn’t want his name removed from the property.

None of those episodes humbled him.

“We need a dealmaker in the White House, who knows how to think innovatively and make smart deals,” he tweeted back in 2011.

We still don’t have one.
Remember, nearly every "deal" he made for decades had to be co-signed by his father. You can imagine what bankers and investors thought when this doofus swing his big hands around on the negotiating table, making no sense. Unless Daddy would underwrite the "deal" nobody on either side wanted anything to do with it.

"The Apprentice" created his image for the cult. It saved him by helping him build his "brand" and keeping the money flowing. He was a D-list celebrity who was turned into a reality TV star and a bunch of ill-informed people bought it.

.