Trump swaggered into Davos like a doddering old lout, Threatening NATO allies with his tired old tariff knout.
But even as Trump was bloviating,
The tariff threats began evaporating,
Because, as was easily predictable, Trump Always Chickens Out.
Pensito Illustration
From The Bullwark, Jonathan Last offers an analysis. He believes the “TACO” label — coined by a columnist at the Financial Times — has the potential to actually hurt Donald Trump:
It’s simple. Trump Always Chickens Out. You can put that phrase anywhere, apply it to anything, and everyone knows what it means.
It’s meme-able. You have the slogan. You have the word mark. And you have an universally recognizable image. Hell, there’s even a pre-built emoji for it. ?
It’s universal. You can apply it to any situation. Trump pulls back on tariffs? TACO. Trump gives in to Putin? TACO. Trump increases the national debt? TACO.
It’s organic. No Democratic strategist came up with TACO. It’s an observation that emerged from the finance world—from the very same bros who voted for Trump in the first place. You can feel the disdain of his own supporters dripping off of it.
It hits at something deep inside Trump. It’s about his soul. It’s about his weakness.
“By hitting him with TACO over and over, you (a) reveal his pull-backs as weakness and (b) dare him to go through with the stuff that will screw up the real world — and, in theory, create pain for his movement.”
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“With the war it’s just artificial, it’s a little bit high, it’s a small price to pay for keeping the world safe, keeping our country safe. They could take out a city. Let ’em take out Los Angeles. Let ’em take out San Diego. This is a very small price to pay and it’s going to be over very soon. It’s essentially almost over with.”
“The cesspit of corruption that is Donald Trump’s presidency is finally getting the attention it deserves. It’s about time. And if a massive blue wave sweeps Washington on November 3rd as polls now suggest, Democrats should put corruption front and center of their agenda in Congress. … The level of corruption that Trump has engaged in and enabled in others is completely unprecedented – self-dealing that, as Trump would say, is like nothing anybody has ever seen before.”
“We’re not talking about socialists, these are communists, Marxists and anarchists. You got to be kidding. They want us to call them democratic socialists, there’s nothing democratic about these people.”
KFF Poll: “With the 2026 midterm campaigns in full swing and early voting about to begin, there is a wide enthusiasm gap between partisan voters, with Democratic voters 25 percentage points more likely than Republican voters to say they are ‘more motivated’ than usual to vote (63% vs. 38%).”
Wall Street Journal: “The U.S. added 29,000 jobs in September, far short of expectations, in a sign that the labor market remains steady but may not be able to deliver consistent and sizable employment gains like it did in the past.”
G. Elliot Morris: “Voters aren’t confused about the motive, either. 62% say Trump made the promise mainly to win votes in November, and only 13% think he genuinely intends to send the money. … Moreover, 71% of adults say it is inappropriate for a president to promise government payments that depend on his party winning an election, including 53% of Republicans.”
“Donald Trump made over a thousand stock sales and purchases worth between $79m and $270m in July,” The Guardian reports. “His two largest sales were of Amazon and Microsoft stock, selling between $5m and $25m each on 20 July. That same day, he also sold up to $5m worth of Oracle and Costco stock, $500,000 to $1m in Nvidia, and bought up to $5m worth of shares in Intuit and Salesforce, among dozens of other transactions.”
“The unprecedented spate of mid-decade redistricting for the U.S. House has changed the congressional districts for one-tenth of Americans and significantly altered the makeup of at least one-fifth of districts, according to a new study,” the Associated Press reports.