Terry McCrann: Donald Trump’s a man who’ll get things done
THE biggest lesson Australia can take from Donald Trump’s astonishing victory is it makes no sense to keep attacking the foundation of our entire economy, writes Terry McCrann.
Terry McCrann
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- Andrew Bolt: Trump win a revolt over Left arrogance
- Rita Panahi: Trump’s rise shows media out of touch
- The world under Donald Trump
- World reacts to Trump’s victory
ABSOLUTELY astonishing — and from a narrow Australian perspective almost literally unbelievable.
To many Australians, a president Donald Trump would seem as impossible as a prime minister Pauline Hanson. Especially if you’d taken your information on the US presidential campaign from almost any of our local media outlets or commentators, regurgitating the almost universal US media and elite disdain of Trump.
The first thing to be said is what an extraordinary individual achievement it was by Trump. He didn’t only have to fight and beat both the opposition candidate and the electoral demography that favoured her; he also had to fight his own party, almost the entire US media, the big business community, Wall St and the elites more generally.
ANDREW BOLT: TRUMP WIN A REVOLT OVER LEFT ARROGANCE
RITA PANAHI: TRUMP’S RISE SHOWS MEDIA OUT OF TOUCH
WORLD REACTS TO TRUMP’S VICTORY
TRUMP WIN DRAWS MORE FOREIGN BUYERS TO AUSTRALIA
The second thing to be said is what an extraordinary rejection of Hillary Clinton it was. With all that on her side, President — and perhaps even more, Michelle — Obama campaigning aggressively for her, and Trump and “his women”, she lost.
The third thing to be said is that the world didn’t end around 3pm yesterday when it became clear that Trump was going to “do the impossible”.
Just as with all those dire warnings of the disastrous consequences that would flow from the Brexit vote, the same applies to this.
Yesterday’s vote is not going to tip the global economy into recession; President Trump is not going to start World War III. What happened to our market was understandable — we just followed Wall St down. But what happened on Wall St was just dumb.
Big investors around the world drank the Clinton Kool-Aid. That she would win and that she would be a conventional non-threatening president. No surprise, given the millions she’s personally taken from Goldman Sachs and other big US banks.
In a broader sense, the world will go on pretty much as it was before. The elephant in our room is not the US president or even the US economy. It’s China. The US is ground zero for global sharemarkets and global interest rates. But they are most influenced by the US Fed. If anything, a Trump win is going to keep the Fed’s ‘magic low-interest hooch’ filling the party punch bowl.
Yes, a Trump presidency will be very different to a Clinton one would have been and, indeed, what the Obama one was. It will also be supported by the Republicans controlling both houses of Congress. That means he will get things done.
The best thing will be to abandon the US attacking its economy and its citizens by “fighting climate change”.
It’s both ironic and fantastic that this happened at exactly the same time as the “great climate change gravy train” rolled into Morocco to “celebrate” the stupidity agreed in Paris last December.
This is also the biggest lesson for Australia. It will make no sense to keep attacking the coal that is the absolutely indispensable foundation not just of our electricity supply and our entire economy, but indeed our prosperity and our very civilisation.
ANDREW BOLT: TRUMP WIN A REVOLT OVER LEFT ARROGANCE
RITA PANAHI: TRUMP’S RISE SHOWS MEDIA OUT OF TOUCH
WORLD REACTS TO TRUMP’S VICTORY
How the NBN has delivered just in time
The NBN has delivered, and it has done so in what can only be described as the ultimate — the hit-the-ground running immediate — stress test, rites Terry McCrann.
Sydney airport the wrong place at the wrong time
Sydney Airport has some of the sweetest acreage in Australia but when passengers numbers have dwindled from 9 million in the March quarter to 400,000 in the June quarter, that doesn’t count for much, writes Terry McCrann.