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Republican Tax Reform: A Windfall If Done Right – Updated

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Tax reform will be the litmus test for Republicans and President Trump and will be decisive in determining the latter’s re-election. With repealing and replacing Obamacare now relegated to the shed and progress on the border wall looking sluggish, tax cuts across the board might become the ace in the hole.

November 2 saw the unveiling of the new tax reform bill, entitled ‘Tax Cuts and jobs Act of 2017,’ in the Congress (House of Representatives). The New York Times did a great round up of the bill and what it entails, if it were to pass through the Congress and signed into law.

In a move to streamline the tax brackets in individual income tax, the new bill sets out four easy brackets, some of which involve merger of existing brackets. The bill also revises the income ranges for the brackets. Under the new bill, the top tax rate will be applied to households making $1 million and above as compared to $480,050 under the existing structure, thus relieving the burden on six digit earners. While low income earners ($0 – $19,000) will be taxed at 12%, up 2 percentage points from the existing 10%, a larger child tax credit for low income families might make up for the earnings lost in the mark-up.

Repealing the estate tax, which might double the amount of tax exempted inherited wealth to $11 million, seems like a huge windfall for the rich. Critics of the tax reform bill will and have certainly used this giveaway to label the bill as ‘tax cuts for the rich.’

But the real bonanza lies in the bill’s proposal to double the standard deduction – fraction of income immune from taxation. This is applicable to all but married couples with multiple children.

On the other hand, the bill proposes to eliminate local and state tax deductions – a move touted to negatively affect blue state residents more than red state residents, as the former have higher taxes. Could this be an attempt to pressure blue states into reducing their state and local taxes? The next few weeks might answer this question.

Pass-through businesses (sole proprietorships, partnerships, and S corporations) will be taxed at a new single tax rate – 25%. Although a fine streamlining measure, the flat tax rate seems high given the fact that most of pass-through businesses are small and medium enterprises that operate domestically and contribute a lion’s share to the economy. Taxing them lower than the proposed flat tax rate for corporations might make it reasonable and might win over at least one Senate Republican – Sen. Ron Johnson (R-Wis). Winning Senate Republicans over is critical for the passage of the bill, as we shall see later.

The corporate tax rate, under the bill, will be slashed to 20% from the current 35% – one of the highest in the world. The 35% tax rate doesn’t include taxes imposed by the state and local councils. The existing tax burden means more and more US corporations park their money abroad in ‘tax havens.’ The only way to lure that money back and earn taxes on it is to become competitive and incentivize firms to hold their money in the US. The change will have to be coupled with closure of all possible tax loopholes to make sure that the new policy delivers the proposed goodies.

The connection between tax relief to corporations and job creation and better wages is tenuous, yet widely leveraged. But it sounds sanguine and gets the masses to rally around such proposals – an indirect measure to influence the voting patterns of the elected representatives.

On the other hand, there might be some wisdom in cutting taxes for small businesses in a bid to create jobs, as these businesses hire locally and cannot replace human labor with automation due to the high costs of the latter. That’s one more reason to lower the tax rate for pass-through businesses.

The Senate has its own version of tax reform, which if passed, will need to be reconciled with the House version. The Senate version agrees with the House version on most of the key elements. Notable differences include further lowering taxes on overseas profits, an unreasonable tax to begin with, as the profits were made elsewhere and probably have been taxed locally.

The Senate has also added a repeal of Obamacare’s individual mandate that requires everyone to get health insurance or else pay a tax penalty. This is a huge boon for those who don’t want to buy health insurance or can’t afford the ever-increasing costs of O-care. This might also save the government some money, as there will be fewer people requiring health subsidies. The Congressional Budget Office (CBO) estimates that repealing the individual mandate will earn the federal government $338 billion in revenue, which it would otherwise spend on health subsidies.

On a conspiratorial note, the Senate’s repeal of the mandate might be a cloaked attempt to gradually chip away at Obamacare.

The tax bill has passed the House and is awaiting the Senate’s consensus over its own version, following which the complicated ‘reconciliation’ process will begin. Although the tax bill made it through the House without breaking a sweat, its Senate counterpart might have to struggle, given the fact that the Democrats are unanimously opposed to it and only three Republicans need to vote ‘nay’ for the Senate version to fizzle out. Given the current mood, the Senate version seems to be hanging by a thin thread.

(The story is developing and so will the commentary. Check back periodically for updates.)

(Update: December 18, 2017)

President Trump must come through on his promises on tax, economic growth, jobs, and employment and the tax reform bill seems like the ace card. If nothing else, this bill upon passage will grant him the much-needed brownie points.

The bill sailed safe through the House and recently, the Senate voted on it. Here’s a brief, yet comprehensive, outline of the bill that passed the Senate.

The individual income tax remains tiered and progressive, but the brackets have been adjusted such that the highest rate (37%) is applicable to those earning half a million or above. Whether middle and upper middle-income families save the extra income, spend it, or invest it depends on a host of factors, including interest rates, stock market, and real estate. Nonetheless, it’s a significant tax cut for the middle class and a re-definition of the middle class through re-sizing of tax brackets.

A similar trend is seen in the alternative minimum tax (AMT) – a provision to ensure that individuals contribute their fair share – depending on how you define fair share. The trigger point for AMT and the threshold for phase-out have been scaled up significantly to move this burden to higher income individuals/couples, while lessening the burden on middle-income earners.

The bill is also a giant tax cut for corporations of all sizes – a point that has been used to malign the proposal as a ‘tax cut for the wealthy.’ Corporate tax will be diminished to 21% beginning 2018 and corporate AMT will be repealed. Repatriation of earnings will attract a modest 15.5% tax, which seems like an effort to not only lure businesses to keep their domestic earnings in the US, but to also move their overseas revenues stateside. Whether this move will deliver the proposed outcome depends on not just the tax rate, but also cost of compliance and scrutiny and any other regulations that may or may not burden the corporations. As I have said before, whether this influx of money will translate into more jobs is a highly questionable premise.

Business owners will have another means to increase their tax-free income – the pass through deduction of 20% applicable until $315,000 for joint filers and half that for single filers.

Repeal of Obamacare individual mandate, i.e. the unconstitutional requirement and the resultant penalty, stays.

The Senate version has left in state and local tax deductions, but has capped their net value at $10,000. This is a departure from the House version that proposed a complete repeal. A complete repeal could adversely affect the lives of mostly blue state residents and might perhaps, put pressure on state and local governments to reduce spending/taxation. If the House provision in this regard is rolled back to make way for the Senate provision, the chances of blue states controlling the growth of their governments seem fewer.

Mortgage interest deductible has been reduced to loans of $750,000. Upon researching into this scheme, I am not entirely convinced about its prudence. The deductible is just a means by which the government fiddles with the real estate market, contributing to a bubble. A total repeal of this deductible will be in line with free market principles.

The threshold for medical expense deduction has been brought down to 7.5%, which is a relief for the elderly and those with chronic illnesses. Additional measures to moving towards a free-market for healthcare hold the promise of making healthcare affordable for all.

The tax brackets for estate tax have been re-sized to re-define middle income families and to also provide relief to upper middle class. In addition, a sunset date has been put on this provision leaving room for amend.

The bill is currently being looked over for resolution of differences, following which it will reach the President’s desk. Trump has signaled his support for the bill and it is certain it will receive his assent.

Overall, although Republicans in Congress and representatives of Trump administration have skirted being quizzed about the windfalls the bill brings for the wealthy, it is increasingly clear that that tax reform bill is a tax cut for almost all.

The coming few weeks will be critical in deciding the direction of the economy for the next few years.

(Update: December 20, 2017)

The tax-reform bill passed the Senate 51-48 in a party-line vote. Sen. John McCain of Arizona was absent during the vote on account of medical circumstances. The cost of the bill is estimated to be $1.5 trillion over the next 10 years, i.e. individuals and corporations, in total, will save about one and a half trillion dollars over the next decade.

An ex-dentist and a business graduate who is greatly influenced by American conservatism and western values. Having born and brought up in a non-western, third world country, he provides an ‘outside-in’ view on western values. As a budding writer and analyst, he is very much stoked about western culture and looks forward to expound and learn more. Mr. Malkar receives correspondence at saurabh.malkar[at]gmail.com. To read his 140-character commentary on Twitter, follow him at @saurabh_malkar

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Is Mike Pompeo the worst Secretary of State in history?

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State Department photo by Ron Przysucha/ Public Domain

Trump may have a race for the worst presidential title, but Pompeo is in a class of his own. James Buchanan and Andrew Johnson remain formidable contenders for Donald Trump in the ranking of worst US presidents. However, there is no competition for Mike Pompeo, Trump’s most passionate subordinate, in the worst Secretary of State ranking.

During his two years and nine months as the nation’s top diplomat, Pompeo did nothing to improve the US administration’s security, values, or even policies. His term ended in humiliation: humiliation from European allies, disgusted by the profanity he and Trump have committed over the past four years. On January 4, Pompeo announced he would travel to Europe and meet European Union leaders.

Two days later, after Trump-fueled riots on Capitol Hill, EU officials said they would not meet him. So Pompeo canceled his last chance to travel abroad. It’s been a long season of humiliation for Pompeo. In August, he pressed the UN Security Council to pass a ban on the sale of conventional weapons to Iran. Only one of the council members, the Dominican Republic, joined the US in supporting the ban; Russia and China against it; others, all US allies, abstained.

The episode depicts, in extreme form, two of Pompeo’s most distinct features: the obsession that foments regime change in Iran and the inability to bring it about or any other goal. Like Trump, Pompeo has been unceasingly opposed to the Iran nuclear deal. It’s no coincidence that Trump pulled out of the deal and reimposed sanctions on the Islamic Republic on May 8, 2018, just 12 days after Pompeo was sworn in as Secretary of State. (His predecessor, Rex Tillerson, has advised Trump to stick to the deal.)

Pompeo claimed, with high confidence, the sanctions would force Tehran to return to negotiating a “better” nuclear deal, or perhaps force a regime collapse. Today: Iran’s economy is in ruins, but the regime survives, its hardline faction is stronger than ever, and its reactors are more capable of producing atomic bombs than ever before. (President-elect Joe Biden wants to restart the nuclear deal, but Iran’s technological advances and political hardening will make this more difficult to achieve.)

This week, he may realize his “maximum pressure” campaign has failed miserably. No wonder then that Pompeo changed course and claimed, in a speech to the National Press Club, that Iran was al-Qaeda’s new “base” and declared, “The time is now for America and all countries free to destroy the al-Qaeda axis of Iran.” The US intelligence official said there was not any evidence for this claim.

Pompeo’s other big target is China, and he has called for regime change in Beijing as well, despite the goals that are clearly absurd. In fact, a large proportion of China’s population supports the party that ruled the government, which lifted more than 850 million people out of poverty in record time. However, there is nothing “Marxist-Leninist” about President Xi Jinping’s philosophy, which seeks expansion through mercantilist techniques, not ideological conformity.

While it is important to contain Chinese military presence in the South China Sea (something the US military has been doing for some time), it is very difficult to compare its scope or ambition to that of the Soviet Union, which once enjoyed a presence in a truly global world. Pompeo misunderstood the nature of China’s challenge. As a result, he came up with half-baked ideas on how to deal with it.

There are also Pompeo’s lies. He has claimed he and Trump have made NATO “stronger” than ever. In reality, those trans-Atlantic relations are strained as Trump continually rejects the alliance in general and the European Union in particular.

Pompeo has also been a corrupt foreign minister. By filming a speech in Jerusalem to be broadcast at the 2020 Republican National Convention, he was violating not only the law, but also the previously announced policy of barring department employees from attending political conventions.

He used security guards to carry out errands for himself, his wife, and his wife’s mother. He also asked Trump to fire the inspector general who investigated the misuse of his government’s resources. He threw a lavish dinner party inside the State Department, inviting donors who might contribute to some future political campaigns.

He tricked the Voice of America, which in recent decades had become a fairly objective global news service, into becoming a propaganda organ for Trump. He demoralized the foreign service even more thoroughly than Tillerson had done.

Pompeo paved his way to power by directing his every word to the pleasure of the boss, starting when he was director of the CIA (where he frequently omitted or distorted intelligence that contradicted Trump’s hunches). He is a dishonest intermediary, reluctant to speak the truth to power, for fear that he will lose power in doing so.

To end it all, in his final days, Pompeo issued a no-discussion order that overturned existing policies: lifting restrictions on official contact with Taiwan, designating Cuba as a “state sponsor of terrorism,” and declaring Iranian-backed Houthi fighters in Yemen an “organization. foreign terrorists ”.

This movement will not have a long-term effect. The future Secretary of State, Anthony Blinken, can reverse this dictum, although it would be awkward to do so. It was an act of sheer mischief, like a teenager throwing a rotten egg at a new neighbor’s front door.

Is Pompeo the worst Secretary of State ever? In modern times, John Foster Dulles (former Secretary of State) may be a rival for the crown, but, fortunately, President Dwight Eisenhower did not listen to Dulles’ most dire advice.

Dulles was fanatical about pushing for the “backsliding” of Soviet communism, but Eisenhower, however, still adopted the “containment” policy of his predecessor, Harry Truman. Dulles also offered his French counterpart two tactical nuclear weapons to prevent the Viet Cong siege of Dien Bien Phu. However, Eisenhower was not interested in doing so. So, Mike Pompeo won the crown of worst US Secretary of State. Next week, he will fly back to Kansas, where he was a congressman and where he hopes to run for the Senate.

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Latin America and China: The economic and debt situation and the U.S. discomfort

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Latin American countries have no relatively good room for fiscal and monetary policy adjustment like China, and basically lack the ability for governmental countercyclical adjustment. This is mainly reflected in their room for fiscal and monetary policy.

From a fiscal viewpoint, the taxation ability of Latin American governments is generally weak. Taxation accounts for 16-18% of GDP, which is obviously lower than the 30-35% level of developed countries.

In terms of monetary policy, since the currencies of Latin American countries are directly correlated to the U.S. dollar exchange rate, the dollar fluctuation also entails the reduction of their room for monetary policy adjustment. These countries have continuously borrowed and cut interest rates. Hence there is little room for further steps.

The Federal Reserve has adopted the policy of unlimited quantitative easing which, in practical and easy-to-understand terms, is one of the unconventional ways by which a central bank intervenes in a State’s financial and economic system to increase the amount of debt money in circulation.

Although the U.S. stock market went into a slump several times, it should be noted that Nasdaq reached a new high. Ultimately, money has become more circulating. Interest rates in Latin American countries, however, have become very low and there is little room for further cuts.

At the same time, their foreign debts are also relatively high. For example, Argentina has recently approved a 70billion dollar debt restructuring plan and its debt accounted for over 50% of GDP.

The first solution to the debt crisis is to delay repayment, and the second one is to cancel interest or partly write off the debt. The creditor has no choice but to be forced to agree if one of the counterparts is unable to repay it. This is an endless cycle that, once the debt restructuring plan is approved, will only alleviate and mitigate Argentina’s crisis.

Argentina’s debt crisis occurred nine times in history, and this is the third time in the new century. Inflation in Argentina has caused its currency to depreciate by over 70%. According to statistics from the United Nations Economic Commission for Latin America, over 12 million people were jobless in Latin America in 2020. Poor people in Latin America will increase from 118 to 130 million and the extremely poor people will rise from over 60 million to over 90 million.

Faced with some new difficulties and challenges, we need to explain and assess China-Latin America relations at the current historic juncture. The development of China-Latin America relations has shifted from a period of high-speed growth to a period of stable growth. Quantitative and extensive development is shifting to a qualitative and specific one.

Initially China-Latin America relations took off suddenly and even exceeded expectations. Instead, a steady, efficient, stable and effective approach is currently preferred. The orderly progression of diplomatic and commercial relations is more advantageous than a context of actual speed.

This is especially the case in the context of intensified strategic competition between China and the United States. The political situation in Latin America, and the further impact of the Covid-19 pandemic, mean that certain changes need to be made to China-Latin America relations.

Firstly, the U.S. influence on China-Latin America relations needs to be assessed. Sino-U.S. relations are the most important, sensitive and complex bilateral relations in Chinese diplomacy.

Recently, there have been many major changes in Sino-U.S. relations, but one of them is often overlooked: from the Latin American countries’ perspective, the relationship between Latin America and the United States is the most important one. China’s interests in Latin America have not surpassed the United States’ in terms of political and economic development.

Here are some data. In the field of economy and trade, the United States is still Latin America’s main trading partner. The same applies to investment. The United States has great advantage over China.

In 2017, trade between the United States and Latin America exceeded 760 billion dollars, almost three times the volume of trade between China and Latin America. In 2019, trade between China and Latin America was about 270-280 billion dollars, while the volume of trade between the United States and Latin America was almost 800 billion dollars.

From an investment perspective, U.S.A.’s and Latin America’s direct engagement in 2017 was 45 billion dollars, almost double that of China. Therefore the United States outperforms China in terms of trade and investment.

However, benefiting from the advantage of China’s economic growth and the structural complementarity between China and Latin America, the acceleration of China’s economic and trade investment in Latin America is higher than that of the United States. Therefore, China has an incremental advantage in Latin America, but the United States enjoys an ‘equity’ primacy.

For example, outgoing President Trump has never visited Latin America, but this does not mean that the United States does not pay attention to it. Quite the reverse. If we look at the reports on Sino-Latin American relations issued by U.S. think tanks, scholars and experts are particularly worried.

The U.S. Congress holds several hearings on Sino-Latin American relations every year and invites not only local experts, but also experts from Mexico, Brazil and other countries. We can see that the United States attaches great importance to the development of China-Latin America relations.

We wonder, however, why has the United States not taken propagandistically political positions in Latin America as it does towards China, the Middle East, South-East Asia and the South China Sea.

This means that the United States still considerably trust Latin American bonhomie, good nature, patience and tolerance. The U.S. media merely claim that China’s influence in Latin America has increased and its soft power has enhanced but, overall, China’s influence in Latin America is far less than that of the United States.

If we ask in Brazil what they think of U.S.-China, U.S.-Brazil and Brazil-China relations, we get the following answers. The United States is a model for Brazil’s development and the values and ideologies of both Brazil and the United States are close. China is an important trade and investment partner for Brazil. From an economic viewpoint, Brazil’s development should seek to establish a better partnership with China, but in terms of ideology and values, the Forbidden City is further away than the White House.

For Latin America, maintaining stable relations with the United States is a primary interest. After the outbreak of the Covid-19 pandemic in Latin America, China – thanks to some of its medical equipment – did its best to help those countries mitigate the impact of the disease. A Chinese state-owned company responded to the call and promised to build a hospital with an in-patient module in a conference and exhibition centre in Panama to help infected patients, for only a small sum of money from the State.

Panamanian President Laurentino Cortizo Cohen, however, rejected the proposal outright. In the end, Panama spent 12 million U.S. dollars and built 100 hospital beds and 26 intensive care units, without taking advantage of Chinese aid.

On April 16, Cortizo presided over the hospital’s opening ceremony, announcing that it was his own decision. Conversely, when former Panamanian President Juan Carlos Varela (2014-19) was in power, he visited China, and Chinese Foreign Minister and State Councillor Wang Yi reciprocated by travelling to Panama.

At the time, President Varela said that the landmark project for the expansion of the Silk Road passed through Panama, as did the 4 billion dollar plan to expand the canal and railway from Panama to Costa Rica.  The new President in power, however, has not followed the philosophy of his predecessor, terrified of displeasing the United States. Unfortunately, this news is not reported in the Italian press.

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Gallup: Trump Globally the Least Respected U.S. President This Century

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On January 15th, the Gallup World Poll issued its preliminary report for their upcoming “Rating World Leaders: 2021” report. It shows the results that have been tabulated for 60 of the 135 countries where they annually sample global public opinion about U.S. leadership. One especially clear finding from it is that when their final report for all 135 countries will be issued, it will show that among the three U.S. Presidencies on which Gallup has internationally surveyed — which are only the three U.S. Presidents in this century — Trump is clearly the one who is globally respected the least, even lower than George W. Bush was respected.

Here are the findings, in each of the 60 nations, and the percentage increase or decrease from Gallup’s last completed survey report, “Rating World Leaders: 2020”:

“Approval of U.S. Leadership Across 60 Countries and Areas”

“Do you approve or disapprove of the job performance of the leadership of the United States?”

%  “Approve”:

  • Dominican Republic, 66% was 56% in 2020
  • Cameroon, 62 was 61
  • Georgia, 61 was 43
  • Zambia, 56 was 26
  • Albania, 56 was 67
  • Philippines, 55 was 58
  • Uganda, 53 was 47
  • Mauritius, 50 was 59
  • Zimbabwe, 50 was 59
  • Ecuador, 43 was 34
  • Colombia, 42 was 41
  • Moldova, 40 was 45
  • Brazil, 40 was 38
  • Japan, 39 was 34
  • Kyrgyzstan, 34 was 32
  • Namibia, 34 was 31
  • Bulgaria, 32 was 26
  • Cambodia, 32 was 49
  • Hong Kong, Special Administrative Region of China, 31 was 31
  • Poland, 30 was 59
  • South Korea, 30 was 41
  • Bolivia , 30 was 31
  • Australia, 29 was 23
  • Taiwan, Province of China,    28 was 40
  • New Zealand, 26 was 17
  • Mexico, 26 was 17
  • Malta, 26 was 30
  • Ethiopia, 25 was 37
  • Argentina, 24 was 26
  • Ukraine, 24 was 32
  • Greece, 21 was 19
  • Croatia, 21 was 25
  • Morocco, 21 was 22
  • Serbia  , 20 was 19
  • Ireland, 20 was 30
  • Finland, 20 was 20
  • Slovenia, 19 was 20
  • Cyprus, 19 was 27
  • Tunisia, 19 was 24
  • Italy, 19 was 22
  • France, 18 was 23
  • Russia, 18 was 11
  • Netherlands, 18 was 20
  • Canada, 17 was 22
  • Spain, 17 was 23
  • Chile, 16 was 16
  • Estonia, 15 was 17
  • United Kingdom, 15 was 25
  • Denmark, 14 was 24
  • Turkey, 13 was 12
  • Slovakia, 13 was 28
  • Norway, 12 was 15
  • Portugal, 12 was 14
  • Belgium, 12 was 17
  • Sweden, 11 was 12
  • Switzerland, 10 was 13
  • Austria, 9 was 11
  • Iran, 6 was 6
  • Germany, 6 was 12
  • Iceland, 5 was 9

Remarkably, Gallup doesn’t poll in China on this question. (Nor does Pew.)

Notably, Trump is more disapproved-of in Europe than in any other part of the world. (Also, as Pew reported on 16 December 2020, “In Europe, more trust Putin than Trump.”)

Those percentage-changes that we’ve just shown total to a decline, among all 60 countries, of 121 percentage-points (-121%), or, almost exactly, a -2% change from the 2019 findings that had been reported in Gallup’s “Rating World Leaders: 2020”.

Gallup says that “until all of Gallup’s 2020 fieldwork is complete in a few months, it is still too early to say that the U.S. will see its worst ranking in the history of Gallup’s World Poll.” However, Gallup’s “Rating World Leaders: 2020” report covered 135 lands, and the 60 lands that they have tabulated as of now, for the 2021 report, seem to be a representative sampling of all of those 135, and collectively those 60 populations have reduced their respect for America’s leadership by 2%. In the 2020 report, the global level of approval for America’s leadership was 33%. The all-time-low had been the 30% figure in 2017, Trump’s first year, a finding which was based on Trump’s promises, not on his performance. The upcoming final Gallup report “Rating World Leaders: 2021” will — if the results from those 60 lands do turn out to be representative of the global findings — produce a 31% global approval level by all of the approximately 135 lands that will be covered in it. For each of Trump’s four years, then, the global percentages will have been (for each one of his four years) 30%, 31%, 33%, and (now, in his final year) 31%. Each year, it was even lower than the prior record low, of George W. Bush, had been, at 34% in 2008

There was higher disapproval than approval of America’s leadership during the Presidencies of George W. Bush and of Donald Trump than there was approval of either U.S. President’s leadership. Strikingly, however, there was higher approval than disapproval during (and throughout) the two terms of office of Barack Obama. That Nobel Peace Prize winner was/is internationally admired. (Crazy, but true: he was an international charmer.)

Here are summarized (with links to the evidence regarding) the actual chief international achievements of each of these three U.S. Presidents:

George W. Bush: destroying Iraq, and destroying Afghanistan.

Barack Obama: destroying Syria, and destroying Ukraine, while continuing Bush’s destructions of Iraq and of Afghanistan.

Donald Trump: destroying Iran, and destroying Venezuela, while continuing his predecessors’ destructions of Iraq, Afghanistan, Syria, and Ukraine. He also made the destruction of Palestine even worse than it had previously been.

So, the question regarding incoming U.S. President Joe Biden will be whether he will continue this tradition further, or reverse it. Because, it’s really all the same tradition, throughout all three U.S. Presidencies this century. By contrast, global perceptions are that those three U.S. Presidents were drastically different from one another.

On 15 September 290290, Pew bannered “U.S. Image Plummets Internationally as Most Say Country Has Handled Coronavirus Badly” and reported that:

The publics surveyed also see Trump more negatively than other world leaders. Among the six leaders included on the survey, Angela Merkel receives the highest marks: A median of 76% across the nations polled have confidence in the German chancellor. French President Emmanuel Macron also gets largely favorable reviews. Ratings for British Prime Minister Boris Johnson are roughly split. Ratings for Russian President Vladimir Putin and Chinese President Xi Jinping are overwhelmingly negative, although not as negative as those for Trump.

Right above that was this graph, which shows starkly the false European perception that Barack Obama was vastly superior to George W. Bush and Donald Trump:

Apparently, most Europeans have no problem with a U.S. President who continues America’s use of torture, and who continues America’s legal immunity of prosecution for banksters, and who imposes ethnic cleansing abroad, and who aims for achieving a U.S. first-strike ability to conquer Russia by a sudden nuclear blitz attack. Style is everything, for them; substance is nothing, to them. Why didn’t they like Hitler? Is it only because he did it to them?

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