To the extent a repatriation tax holiday is the right thing to do, it should be possible to make that case in a traditional political environment where the legislators and executive are at least somewhat qualified to deal with it.

Meanwhile, the abrogation of informed authority is leading to scenarios like this: https://www.vanityfair.com/news/2017/07/department-of-energy...

How healthy will it be for Wall Street (or anyone else on the West Coast) if the DoE is defunded to the point where they take their eye off the ball at Hanford?

Basically, what I'm asking is this: the markets love Trump. Why aren't the risks associated with gross incompetence priced in? I'm missing something, obviously, and that bugs me.