Trump is becoming the backfire president (Yahoo Finance)
By Rick Newman
April 2, 2018
Yahoo Finance Columnist
So if you were Jeff Bezos, what would you do?
You’d probably explore options for reducing your exposure to Trump and the government he oversees. Amazon already plans to develop its own logistics business, with a pilot program due to start later this year. It might make sense to speed that up and go big, so that Amazon can deliver its own packages and free itself of political meddling relating to the Postal Service.
If it did, the Postal Service would lose one of its biggest customers, while gaining a tough new competitor in the (lousy) bargain. That could make the Service’s chronic financial woes even worse. But Trump doesn’t seem to care about the consequences of his actions—which is turning him into the backfire president.
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Americans generally like Amazon. They want stocks to go up, not down. They’re inclined to let Dreamers stay. And they don’t want major disruptions to the economy. Trump acts as if everything will all work out, no matter how loudly he barks. There are a growing number of indicators he’s wrong.
https://finance.yahoo.com/news/trump-becoming-backfire-president-180050254.html
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