Update 863 – A Tariffying 100 Days:GDP, Markets, Polling All in Retreat Yesterday marked 100 days since Trump began his second term, a period marked by chaotic and unpredictable shifts in economic policy and a prioritization of Wall Street and the wealthy at the expense of everyday people. His administration, with acquiescence by congressional Republicans, …
Update 862 – Tariffs Taking a TollPoll Numbers Drop, No Deals Done Finance and trade ministers from around the world flocked to D.C. this week for the IMF-World Bank Spring Meetings. Top of mind were Trump’s tariffs and his attack on the global trading system. As forecasts for global growth and inflation were revised downward, …
Update 596 — Arsenal of Democracy:Debating (How) America COMPETES The America COMPETES Act making its way through Congress could leave an indelible stamp on competitiveness, manufacturing, workforce provisions, and industrial policy generally. COMPETES provides overdue investments for the US to set standards for the global economy and to expand economic opportunities domestically. The bill rejects …
Update 382 — Mnuchin Goes Manchurian:Trump’s Tariff Policy Bites His Base, Mostly Treasury Secretary Steven Mnuchin said last week regarding President Trump’s tariff policy that “We have not yet seen any impact on the U.S. economy.” Secretary Mnuchin might get out of the Yale Club more. Like to Missouri, where the farmers have lost the …
Update 357 — Ex-Im Bank Reauthorization; Bizarre Bugbear of Incoherent Opposition If ever there were a government program a Trump administration could love, it would be the Ex-Im Bank. It finances American trade and jobs and supports critical industry, including national defense contractors, doing so at a profit to taxpayers. Yet, to run the Bank, …
Update 314 — An Economy Shifting Gears: What do Amazon and the GM Layoffs Portend? Major tidal shifts and cross-currents underlying the changing American industrial landscape have been on full display in recent weeks. Last month, Amazon announced it was going to base its second headquarters out of both New York and Virginia, promising to …
What do Amazon and the GM Layoffs Portend? (November 27) Read More »
Mike & Co., Trump delivered a speech before the Detroit Economic Club today on the theme of “economic renewal for America,” featuring an overhaul of his published plan for tax reform. An adumbration of previous policy pronouncements and clarity as to his vision of the economy and how to achieve it was widely anticipated. But …
