Credibility is an asset subject to depletion
Depletion - reduction in the number or quantity of something. "the depletion of the ozone layer"
In accounting and taxes, the definition of depletion is a bit more specific. But for the purpose of this blog entry, this definition will suffice.
There are two levels of credibility in grave danger at the moment that we should be concerned with. One is the credibility of the United States of America as a nation. The other is the credibility of the presidency.
We have a man in the Oval Office who thinks that ANY news item that doesn't show him in a favorable manner is "fake news." Human beings are fallible, we are not perfect. I challenge anyone to demonstrate where Donald J. Trump has admitted to making a serious mistake.
We can spend an endless amount of time debating whether or not the Joint Comprehensive Plan Of Action (JCPOA) was or was not a good deal for the United States. The point is that it was entered into by Iran and the five permanent members of the UN Security Council, plus the European Union and Germany. Now Donald Trump has announced that the U.S. will no longer be part of this agreement. A unilateral decision that the other signatories do not agree with.
Now he's going to meet with North Korean dictator Kim Jong Un in an attempt to negotiate a deal to denuclearize the Korean peninsula. And because of his bad decision to pull out of the JCPOA, the North Korean leader can legitimately ask him how can he trust Trump to keep any part of the deal he makes.
It comes as no surprise that Trump is reneging on a deal. He has been doing it for decades. Signing contracts with people and businesses and then not living up to his end of the bargain. He considers it to be good business and not bad faith. It is part and parcel of the flaws in his character.
Going forward, whenever he leaves office, how can other nations count on the U.S. to live up to its end of bargains made in good faith when he unilaterally abrogated such an important agreement? They can't.
In accounting and taxes, the definition of depletion is a bit more specific. But for the purpose of this blog entry, this definition will suffice.
There are two levels of credibility in grave danger at the moment that we should be concerned with. One is the credibility of the United States of America as a nation. The other is the credibility of the presidency.
We have a man in the Oval Office who thinks that ANY news item that doesn't show him in a favorable manner is "fake news." Human beings are fallible, we are not perfect. I challenge anyone to demonstrate where Donald J. Trump has admitted to making a serious mistake.
We can spend an endless amount of time debating whether or not the Joint Comprehensive Plan Of Action (JCPOA) was or was not a good deal for the United States. The point is that it was entered into by Iran and the five permanent members of the UN Security Council, plus the European Union and Germany. Now Donald Trump has announced that the U.S. will no longer be part of this agreement. A unilateral decision that the other signatories do not agree with.
Now he's going to meet with North Korean dictator Kim Jong Un in an attempt to negotiate a deal to denuclearize the Korean peninsula. And because of his bad decision to pull out of the JCPOA, the North Korean leader can legitimately ask him how can he trust Trump to keep any part of the deal he makes.
It comes as no surprise that Trump is reneging on a deal. He has been doing it for decades. Signing contracts with people and businesses and then not living up to his end of the bargain. He considers it to be good business and not bad faith. It is part and parcel of the flaws in his character.
Going forward, whenever he leaves office, how can other nations count on the U.S. to live up to its end of bargains made in good faith when he unilaterally abrogated such an important agreement? They can't.
posted by me at 6:10 PM
<< Home