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Trump is not the first protectionist president

All US presidents blended trade liberalisation with mercantilism

Published Mon, Mar 12, 2018 · 09:50 PM

I JUST coined a new term which would hopefully generate the next meme: "Millennialism". It's not a reference to the political views of members of that generation, which according to studies tend to be liberal on social-cultural issues and left-leaning on economics.

What I have in mind is the tendency among many millennials to imagine that history commenced on the day they were born. And in the case of young journalists and politicos in Washington, to assume that Republican George W Bush and Democrat Barack Obama, the two White House occupants they remember, have set the standards for the American presidency, and that now with Donald Trump as president, everything is so, so different.

As the Washington Millennials see it, no other American president has used such vulgar language (how about President Lyndon Johnson who named his penis "Jumbo"?) or cheated on his wife (how about John F Kennedy?)

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