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Trump is governing the nation like a real-estate developer builds projects — here’s why that’s dangerous: Libertarian columnist

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On Tuesday, libertarian columnist Megan McArdle posited her theory of what makes Trump tick — a theory that is at once both obvious and dangerous.

“Charging into ceaseless trade wars, casually threatening real wars, moving the U.S. Embassy in Israel to Jerusalem, supporting Brett M. Kavanaugh for the Supreme Court despite an accusation of teenaged sexual assault, all heedless of expert advice or his parlous poll numbers in battleground states … whatever this is, it’s not GOP normal,” wrote McArdle. Indeed, it isn’t anything that resembles conventional political strategy.

What it does resemble, she wrote, is real estate investment.

“The first thing to understand about real estate is that there is no theory of real estate,” said McArdle. “Economists don’t even have an accurate model of how to price land, because the parcels are so small and so many variables — from traffic patterns to aesthetically challenged neighbors — can affect the value. Real estate investors must work each deal individually, and what worked with the last deal may fail with the next. The business doesn’t favor the philosophers, mathematicians and physicists but sharp operators with political connections and an enormous tolerance for risks that can neither be perfectly hedged nor fully controlled.”

Trump, she noted, is all too happy to assume risk, and mountains of debt, because, to use his own words at a campaign rally from 2016, “There’s nothing like doing things with other people’s money.”

Because it’s almost impossible to predict whether a real estate project will succeed, said McArdle, “the real estate business rewards a certain willingness to put everything you have on a long shot; if you can’t cheerfully take risks with horrific potential downsides, you need a different job. The best argument for this approach is that some problems can’t be solved any other way — if developers demanded steady, predictable incomes like the rest of us, most of America would still be farmland.”

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This is, in short, the way that Trump, who inherited a real estate empire from his father and blew a billion dollars mismanaging it, is used to doing business: ignoring the numbers, betting everything he has on wild guesses (especially when he can do it on other people’s dime), and moving on to the next thing when the current thing fails. This works for his political brand — but it is not a safe way for a president to run a country.

“There’s a reason most of us don’t live like real estate developers, or want to,” said McArdle. “Bankruptcy is a sadly normal fact of life in the real estate business, which is why Trump can tout his extensive experience negotiating with creditors. The cost of gaining wins with big bets is that you never know when you might lose everything.”

“Fans of Trump’s approach should keep that in mind,” McArdle concludes ominously. “And consider that as president of the United States, Donald Trump is now playing with more than just ‘other people’s money’ when he threatens Iran and North Korea, jerks around long-standing European allies and tears up trade deals. American jobs, and maybe American lives, are now also on the table, along with the future of a great nation.”

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2020 Election

Conservative writer warns Democrats all the ways they could blow it in 2020

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On Tuesday, Never Trump conservative and The Bulwark editor Charlie Sykes wrote an editorial in Politico warning that Democrats could snatch defeat from the jaws of victory in 2020 — and urged them to not do anything foolish.

"Donald Trump remains historically unpopular because the past three years have cemented the public’s image of the president as a deeply dishonest, erratic, narcissistic, Twitter-addicted bully. As a result, a stunning 57 percent of voters say they will definitely not vote to reelect him next year and he trails Democratic challengers in key states," wrote Sykes.

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Video busts white man ‘literally stalking’ and calling cops on black women ‘just cause we were at the pool’

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A black Maryland woman says that she was "stalked" by a man because she was using the pool at her apartment.

In a tweet Sunday night, Twitter user @BestFlaw shared video of a man, who is white, appearing to stalk her from behind.

"This white man literally stalked us from his apartment for damn near a mile just cause we were at the pool drinking wine and taking pictures," she wrote on Twitter. "Called the police and all...I cannot make this up

"White people love to lie on black women," @BestFlaw says in the video as the man following her apparently speaks with police on his phone.

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WATCH: Rosie O’Donnell takes a shot at Meghan McCain over her treatment of Joy Behar

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Rosie O'Donnell took some shots at Meghan McCain for her recent behavior on "The View."

The former co-host left about two years before McCain joined the five-woman panel in October 2017, and O'Donnell said she should show more respect to the show's veterans, reported Hollywood Life.

“I do have some compassion for her," O'Donnell said, referring to the loss of her father, Sen. John McCain (R-AZ). "Although I wish she wouldn’t be mean to Joy Behar, who is like a living legend and who should be respected for no other reason than she’s the elder statesman in the room.”

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 ENOUGH IS ENOUGH 

Trump endorses killing journalists, like Washington Post columnist Jamal Khashoggi. Online ad networks are now targeting sites that cover acts of violence against dissidents, LGBTQ people and people of color.

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