Highly recommended this morning is Jonathan Chait’s book review of a new book entitled American Carnage, a detailed behind-the-scenes look over the last ten years, detailing how Republican leaders dropped their pretense at supporting balanced budgets and constitutional government, and adopted a pure strategy of white racism in support of the plutocratic agenda.

And now this, this morning. The plutocrats have sown the wind and they have reaped the whirlwind.

BIARRITZ, France — President Trump asserted on Saturday that he has the authority to make good on his threat to force all American businesses to leave China, citing a national security law that has been used mainly to target terrorists, drug traffickers and pariah states like Iran, Syria and North Korea.

As he arrived in France for the annual meeting of the Group of 7 powers, Mr. Trump posted a message on Twitter citing the International Emergency Economic Powers Act of 1977 — a law meant to enable a president to isolate criminal regimes but not intended to be used to cut off economic ties with a major trading partner because of a disagreement over tariffs.

“For all of the Fake News Reporters that don’t have a clue as to what the law is relative to Presidential powers, China, etc., try looking at the Emergency Economic Powers Act of 1977,” Mr. Trump wrote. “Case closed!”