President Trump’s aura of invincibility is starting to vanish. Three new polls — including the usually Trump-hospitable Rasmussen — suggest that Joe Biden did a better job as president.

Worse still (for Trump), he’s underwater on immigration, foreign policy and the economy — the very trifecta that powered his return. An incumbent taking on water like that is no longer steering the ship of state, he’s bobbing in the deep end, reaching for a Mar-a-Lago pool noodle.

To be fair, Democrats have a proud tradition of snatching defeat from the jaws of victory. But suppose — purely hypothetically — that this sticks. Suppose Democrats win the midterms. And suppose a Democrat captures the White House in 2028.

Then what?

Trumpism isn’t a political movement so much as a recurring event. You don’t defeat it; you board up the windows and wait.

Even if Trump does not attempt a third term (a gambit the Constitution frowns upon), he will remain the dominant gravitational force in Republican politics for as long as he is sentient and within Wi-Fi range.

Which means any Democratic administration that follows would be well-advised to consider it is governing on borrowed time. In American politics, you are always one scandal, one recession or one deepfake video away from packing your belongings into a cardboard box.

Trump’s MAGA successor (whoever he or she might be) will inherit millions of ardent believers, now seasoned by experience, backed by tech billionaires and steeped in an authoritarian worldview.

So how exactly does the country “move on” when a sizable slice of its elite class appears to regard liberal democracy as more of an anachronism than a governing philosophy?

This is not an entirely new dilemma. After the Civil War, Americans had to decide whether to reconcile with the rebels or punish them or some mix of the two — and the path chosen by federal leaders shaped the next century through Reconstruction, Jim Crow and the long struggle for civil rights.

At Nuremberg, the Allies opted for trials instead of firing squads. Later, South Africa’s post-apartheid government attempted to achieve reconciliation via truth.

Each moment wrestled with the same problem: How do you impose consequences without becoming the very thing you were fighting in the first place — possibly sparking a never-ending cycle of revenge?

Which brings us to even more specific questions, such as where does Trumpism fit into this historical context — and should there be any accountability after MAGA?

Start with Trump himself. Even if he is legally immune regarding official acts, what about allegations of corruption? Trump and his family have amassed billions since returning to office.

It is difficult to picture a future Democratic administration hauling him into court, especially if Trump grants himself broad pardons and preemptive clemency on his way out of office.

So if accountability comes, it would probably target figures in his orbit — lieutenants, enablers, assorted capos not covered by pardons. But is even this level of accountability wise?

On one hand, it is about incentives and deterrence. If bad actors get to keep the money and their freedom, despite committing crimes, they (and imitators) will absolutely return for an encore.

On the other hand, a Democratic president might reasonably decide that voters would prefer lower grocery bills to more drama.

Trump himself offers a cautionary tale. He devoted enormous energy to retribution, grievance and settling scores. It is at least conceivable that he might have been in stronger political shape had he devoted comparable attention to, say, affordability.

There is also the uncomfortable fact that the past Trump indictments strengthened him politically. Nothing energizes a base like the words “They’re coming for me,” especially when followed by the words “and you’ll be next,” next to a fundraising link. Do Democrats want to create new martyrs and make rank-and-file Americans feel like “deplorables” who are being persecuted for their political beliefs?

So perhaps the answer is surgical. Focus on ringleaders. Spare the small fry. Proceed in sober legal tones. Make it about the law, not the spectacle.

Even this compromise would invite a backlash. Democrats, it seems, are damned if they do and damned if they don’t.

The good news is that smart people are actively debating this topic — far better than trying to improvise a solution on Inauguration Day — just as similar questions were asked after Trump lost in 2020. A few weeks ago, for example, David Brooks and David Frum discussed this topic on Frum’s podcast.

Unfortunately, there is no tidy answer. Too much punishment risks looking like vengeance. Too little risks sparking another sequel.

It may sound melodramatic to say this might be the most important question of our time. But while this republic has endured a lot, it might not survive the extremes of amnesia or revenge.

Choosing the narrow path in between will require something rarer than a landslide victory: justice with restraint.

But do we have what it takes?

Matt K. Lewis is the author of “Filthy Rich Politicians” and “Too Dumb to Fail.”

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