All the papers this AM tell me of softening in some of president-elect Trump’s positions, including health care, immigration, trade, and more. Some of his aides are straight-up saying that a lot of that stuff was just campaign talk. He wouldn’t be the first to make such pivots. Moreover, his campaign wasn’t exactly policy driven… Read more
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