I’m crunching on other stuff so this will be brief, but I’ve been reading a fair bit of commentary about how Trump’s fiscal plans–infrastructure investment and tax cuts–won’t help the economy; “they’ll be recessionary, they’ll deliver higher inflation and interest rates, they’ll force the Fed to move from brake-tapping to brake-slamming.” I yield to no one… Read more
I recognize that I’m playing to my crowd here and that I’m talking about a term– a political mandate–that does not have a formal definition. But I strongly objected when, in a TV debate last night, some guy argued that Trump has a mandate. My response was that if you lost the popular vote, you… Read more
Over at WaPo. Not happy stuff, and much to still be processed. But here are some thoughts after a very long and discomforting night.
There’s a good editorial in today’s NYT on Trump’s hyper-negative take on the economy versus what’s going on in the actual economy. I made similar points in yesterday’s Daily News, bemoaning the extent to which facts are on the run in this election cycle. [BTW, a small fact check between these two pieces: according the… Read more
I couldn’t agree more with David Leonhardt’s anti-alarmist framework regarding the “debt and entitlements” question that’s likely to come up in tonight’s final (woo-hoo!!) presidential debate. David’s rap is much like my own in this recent testimony. It’s particularly germane in this political context because alarmism is often a tactic by those whose true motivation… Read more