David Pakman

It happens with all of these policies.

So is this a strategy or is this incompetence?

And the answer is yes.

Yes to both.

Both part of it is extraordinary impulsivity.

And Trump loves making decisions quickly.

based on what he calls instinct.

But often it's just the last person to speak to him before he has to actually make the decision.

And so instinct is like who caught my ear the second before it was time to announce this.

The bigger issue for me is what happens next.

In a normal administration, you test decisions before they're announced.

You do policy analysis.

You consider the feasibility.

You think dynamically about, OK, well, if we do a it's not we do a and nothing else changes.

We do a and then other parties might do B and then see what's the total picture with Trump.

It's announcement.

Reality flies in.

And then all of a sudden the market crash or the gas price spike or the court intervention or whatever makes the original idea either fall apart or seem like a bad idea.

And then the backtracking starts.

Now, sometimes they will go, we have a clarification.