Donald Trump acts as though he is on borrowed time.
Everything he does is at a manic pace, whether it is tearing down the White House East Wing to make way for a ballroom or pumping out a slew of social media posts which make him sound as mad as a March hare. (Example: “Arrest Obama Now.”)
The US President has just ruled that the “Trump-Kennedy” Center in Washington will be closed for two years for “renovation”. A colossal 250 ft “Arc de Trump”, bigger than the one in Paris, will be erected next to Arlington Cemetery’s hallowed ground.
Abroad, a “big armada”, in Trump’s words, is threatening Iran. The US is “running” Venezuela, fomenting secession in Alberta, Canada and not invading Greenland (yet). Tariffs are up, down, off and on, seemingly at whim.
The speed and scale of White House announcements are staggering – sufficient to overwhelm coverage of the Jeffrey Epstein revelations. But I think Trump is in a hurry for other reasons.
Americans have noticed the dark bruising on Trump’s hands, painfully evident last month under layers of concealer next to rapper Nikki Minaj’s alarmingly long, painted fingernails; his white (no longer dyed) hair next to his vividly orange face make-up; and the chronic venous insufficiency that makes his ankles swell.
Gnawing fears about Trump’s mental acuity have spread to his supporters, despite the frequency with which he claims to “ace” cognitive tests. According to a new Pew research poll, 66 per cent of Republican voters regard him as “mentally fit” for office, down from 75 per cent in February last year.
In the same poll, only 52 per cent of Republicans say he respects democratic values (down from 60 per cent) and only 42 per cent believe he acts ethically in office (down from 55 per cent).
This poll was taken before the Wall Street Journal’s alarming revelation that an investment firm closely linked to the United Arab Emirates purchased a 49 per cent stake in World Liberty, the Trumps’ crypto start-up, for $500m (£366m), four days before his inauguration last year. The Emirates went on to get access to valuable AI chips.
Trump and his sons are also now suing the Internal Revenue Service and US Treasury for $10bn (£7.3bn) for leaking details of his tax affairs to the New York Times during his first term. The race is on, not just for legacy but seemingly for acquiring the greatest possible Trump family wealth in the shortest space of time.
Last year, watching the funeral of former US President Jimmy Carter in Washington on a screen at Mar-a-Lago, Trump reportedly observed, “You know, within ten years that will be me.”
An article in New York Magazine titled, The Superhuman President, quoted a senior White House official saying the spectre of death sometimes “manifests in the 2028 conversation” regarding Trump’s ability to run for a third term (regardless of the US constitutional niceties).
“He will collapse”, a senior staffer said, alluding to his workload and his need for weekend naps. But in the interview, Trump cited an old saying of his father’s, “to retire is to expire”.
Fred, the family patriarch, suffered from Alzheimer’s in his mid-to-late 80s. “What do they call it?” Trump blanked and touched his forehead, turning to his press secretary, Karoline Leavitt.
The President’s approval rating has dropped to 37 per cent, according to the Pew Research Center. Last weekend, in a special election, a Democrat won a historically safe Republican seat in Texas on a 32-point swing. The prognosis for the mid-term elections is poor.
However, if Trump can stay on message, he intends to turn the US economy to full throttle to revive his support.
The new nominee for Fed chair, Kevin Warsh, will be expected to cut interest rates and unleash the animal spirits in the economy that Trump’s election initially seemed to herald, before tariffs dampened the mood.
Giveaways for the public are on the way, such as $1,000 (£733) from the US Treasury for “Trump accounts” for every child born during the four years of Trump’s presidency, as well as hefty tax refunds of up to 20-30 per cent more for taxpayers (especially the wealthiest) and tax breaks for seniors on social security.
The President is also dangling the prospect of $2,000 (£1,465) personally signed Trump cheques for US taxpayers, likely due in the autumn before the midterms.
This is a repeat of the Covid-era handouts that helped to boost consumer spending and fuelled inflation in the Biden years, but Trump is after short-term gain, not pain.
Sarah Baxter is director of the Marie Colvin Center for International Reporting
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