Quote of the Day

“[Donald] Trump argues that a trade deficit with a country means that American trade with that country is bad for America, that the amount of a trade deficit represents the amount of damage to America. He says that America has lost’ the amount of the trade deficit. This characterization is wrong and, to put it plainly, idiotic. I have a trade deficit with Walmart, Target, Safeway, and Toys ‘R’ Us. Does that mean I should not be permitted to trade with them?” — Ross Kaminsky, in The American Spectator, on the Trumpster’s “mindless, dangerous” grasp of economic matters. Meanwhile, Alyssa Rosenberg posits that — had it not been a TV-ratings stunt — Trump’s electoral charade wouldn’t have prevented him continuing to shill for Trump Entertainment Resorts … “though he might have dropped some clients in order to avoid conflicts of interest or to appear more substantive.” There’s a prospect that must have cost TER owner Marc Lasry and CEO Robert Griffin a few winks of sleep these last several months.