Insights & Analysis

The Trump DOJ Adds to the Chaos in Politics: The Economic Ripple Effect

Another day, another round of chaos. I’ve said it repeatedly: Chaos breeds political instability, and political instability leads to financial instability. There’s so much happening right now. Take the stock market, for instance—it’s been a disaster. Then, there’s the issue of the tariffs. One moment they’re active, the next they’re not. By the time you go to bed, they’re back again. Meanwhile, the DOJ (Department of Justice) is spearheading a constitutional crisis. It’s all chaos. So, let me ask you a question.

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Key Points:

  • Chaos in politics leads to financial instability.
  • Inconsistent policies erode trust and disrupt business.
  • Markets value consistency over everything: While some volatility is expected, extreme fluctuations in the economy, like a 401k’s drastic swings, are unsettling and undesirable.
  • The current chaotic tariff policy of President Trump creates market instability and disrupts the global economy.
  • Businesses are already feeling the impact of trade disruptions, whether it’s Amazon canceling orders from China or consumers already being hit with a tariff surcharge.
  • Economic consequences affect everyone, regardless of political affiliation.
  • Targeting lawyers raises serious constitutional concerns and is a step towards fascism, a dictatorship, and a constitutional crisis.
  • Executive Orders against law firms and the ABA (American Bar Association) are absurd and have negative financial repercussions.
  • The ban on DOJ lawyers joining the ABA will likely result in lawsuits and further clog the courts, straining the judicial system.
  • Individuals and businesses need to be financially prepared.

It’s No Way to Run a Business or Country

So, what’s the point of imposing tariffs if they can be delayed for 90 days based on a phone call? We’ve already seen this happen with Canada and Mexico, and there’s no reason to believe this time will be any different. This chaos has wreaked havoc on the stock market, wiping out wealth and hurting businesses.

Tariffs are already hurting businesses because they create uncertainty about what tomorrow will bring. Instability never works—it doesn’t work in business, personal lives, marriages, relationships, education, or anywhere else. It might make for great movies, but it’s disastrous in real life. This chaos is evident in the struggles businesses are facing today.

This is all part of the larger issue I keep emphasizing. It doesn’t matter what your political party is—blue state, red state, purple state, yellow state, or any other color—it’s going to affect you. We’re all in this together.

While the country may be divided over politics, one thing that unites us is economics. Division, whether in a country or a business, is a recipe for failure. You can’t run a business when a nine-member board has nine conflicting points of view. It just doesn’t work. Being divisive doesn’t work in corporate America, and it certainly isn’t working in political America.

Lawyers Are on the Hit List Thanks to the DOJ

Let’s be clear—this is illegal, plain and simple. Lawyers have what’s called ‘work product,’ which includes confidential information. The agents even suggested he sift through his phone and hand over non-confidential information. Really? With thousands of emails to sort through? It’s absurd.

Typically, in a court case, a judge appoints a special magistrate to review information and determine what is confidential or considered work product and what is not. For example, if I email a cousin about playing golf over the weekend, that’s fine for review. However, anything related to my clients is protected and cannot be disclosed.

However, this issue of targeting lawyers has escalated. We’ve seen executive orders stating that certain law firms have lost their security clearance or access to courthouses—an action that is beyond absurd. Not to mention the Executive Orders aren’t worth the paper they are written on.

The American Bar Association and the Trump Administration

These courses are essential for maintaining a law license, as every state requires a certain number of credits within a specific timeframe. For instance, Florida recently increased the requirement to 36 credits every three years. Lawyers often use the ABA’s resources, such as online videos and quizzes, to earn these credits. This applies not only to private lawyers but also to government attorneys such as those in the DOJ.

Now, with this prohibition, DOJ lawyers can no longer participate in ABA events, which are held nationwide and offer opportunities to network and collaborate with other lawyers. From an economic perspective, this will undoubtedly impact the ABA. Membership fees and CLE courses, which are not cheap, generate significant revenue. Losing government lawyers as members will result in financial losses, potentially leading to staff layoffs.

Sure, there might be one person, but apparently, they haven’t been found yet. Social Security isn’t exactly an easy system to defraud. And where are these mythical 200-year-olds supposedly collecting Social Security checks? It’s more likely that a family member is involved, but no one has uncovered that either. It’s all gibberish, all lies, all smoke and mirrors.

Back to the ABA situation—barring DOJ lawyers from being members is simply absurd. It’s bound to have a financial impact. This is why I always stress the need to be prepared. We’re getting hit financially from every angle. Someone working at the ABA today probably never imagined they’d lose their job over something like this—fewer members lead to less revenue and inevitable cuts. Now, from a practical standpoint, here’s some friendly advice to the federal government.

It certainly sounds like a dictatorship when lawyers are told they can’t be members of a voluntary organization—an organization that includes liberals, conservatives, and everyone in between. It’s just a professional association for lawyers. It’s like saying you can’t be a member of the Florida Bar because it’s ‘too left.’ That’s absurd. The Florida Bar, like the ABA, has members from across the political spectrum. This is pure garbage.”

All this chaos, all this garbage—it always costs money, one way or another. Whether it’s lost revenue or the expense of court battles, the financial toll is inevitable. Time is money, and these cases are clogging the system. DOJ lawyers are stuck wasting their time on this nonsense instead of focusing on more pressing matters, like actual crimes being committed.

As a result, we’re going to see more lawyers quitting, getting fired, or being sanctioned if they’re reckless enough to make those arguments. Which means, ultimately, qualified and ethical lawyers would skip working for the DOJ.

And yet, the chaos continues. It’s going to cost money, no matter what. The real question is: Can you figure out how it’s going to affect you?

Be Prepared as Much as You Can Be

If you’re in business, self-employed, or an entrepreneur, it’s crucial to take steps to prevent money from slipping away. For W-2 employees, the answer is simpler: hold back and save. Don’t get creative with spending right now. I’ve been advocating this approach since before President Trump took office. Now might not be the time to take financial risks or make big moves.

For example, relocating to the other side of the country could be risky. My wife and I have considered it, but for now, the answer is no. If an irresistible offer comes along, we might reconsider, but it’s better to hold back and wait for clarity.

For business owners, the situation is more complex. Many interviews with business owners highlight how current events are affecting them. If you source products from China, you may need to explore alternatives. Adapt to the situation, analyze your circumstances, and write everything down to help you see all the angles. Then, revisit your analysis to ensure you haven’t missed anything. The challenges are coming from multiple directions, making it difficult to predict the next obstacle. But careful planning and adaptability are key.

To all the business owners out there, I truly empathize with you. I know it’s not easy navigating through all this chaos. While W-2 employees might have a slightly easier time—they can hold back and save—your businesses are likely facing these challenges head-on, and it’s not an easy road. Just hang in there.

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Please note that the information on this site does not constitute legal advice and should be considered for informational purposes only.

Disclaimer:

This podcast was transcribed from an audio recording. The transcription may contain inaccuracies or errors due to the limitations of transcription software and the quality of the audio. I have made every effort to ensure the accuracy of the transcription but cannot guarantee it.

The views and opinions expressed in this podcast are those of the host(s) and guest(s) and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. Any content provided by our host(s) and/or guest(s) is of their opinion and is not intended to malign any religion, ethnic group, club, organization, company, individual, or anyone or anything.


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