Book of the week: making the case for Trump

The Case for TrumpMost pundits think that Donald Trump is doomed to be a one-term president. Military historian and conservative commentator Victor Davis Hanson disagrees.

The Case for Trump

Basic Books, £25, from 25 April

Buy at Amazon

With President Donald Trump's approval ratings in the low 40s and many of his policy pledges either unfulfilled or deeply unpopular, most pundits think that he is doomed to be a one-term president. Military historian and conservative commentator Victor Davis Hanson disagrees. In The Case For Trump, he argues that, despite what Hanson sees as a systematic attempt to undermine him, Trump's two years in office have been extremely successful. He believes Trump has a good chance of being re-elected, but even if he isn't, that he deserves to regarded as a heroic figure.

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This is certainly a bold argument, but Hanson's case for it is weak. He spends a lot of time looking back at why Trump was elected, with roughly a third of the book devoted to an analysis of the 2016 presidential election. He spends several chapters attacking the "deep state" of officials for their supposed anti-Trump bias, and the media for their obsession with allegations of Russian collusion. Hanson forgets that many of those officials were asked to stay on by Trump because he couldn't find alternatives, and that on Russia Trump has merely reaped what he had sown, having spent a lot of time pushing conspiracy theories about his predecessor, Barack Obama.

When Hanson finally makes some positive arguments for Trump, rather than just attacking his opponents, they seem flimsy and insubstantial. He credits Trump's tax cuts and deregulation with boosting US economic growth. But even he admits that the tax changes have also expanded the deficit, which could become a major problem if the US economy starts to slow (which it is already showing signs of doing). Real wages have risen slightly during the last two years, but this has more to do with hikes in the minimum wage in Democrat-controlled states such as California and New York than with Trump.

Hanson also argues that Trump's foreign policy has succeeded in bringingNorth Korea to the table, ending the Iran deal and forcing other countries to listen to America's complaints about "unfair trade". In reality, trade talks between the US and China and the EU have stalled; North Korea's willingness to talk about nuclear disarmament has cooled.

Hanson does make a few good observations. "Heargues that Trump's use of hyperbole and exaggeration, as well as his bluster, has helped him get away with hateful comments and scandals, because voters take him "seriously but not literally". He is also correct that Trump's opponents need to appeal to traditional Democrat supporters in the Midwest if they are to win in 2020. Still, The Case for Trump is ultimately a partisan polemic that is unlikely to changemany people's opinion of the 45th president.

Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri