લેબલ Trump economics સાથે પોસ્ટ્સ બતાવી રહ્યું છે. બધી પોસ્ટ્સ બતાવો
લેબલ Trump economics સાથે પોસ્ટ્સ બતાવી રહ્યું છે. બધી પોસ્ટ્સ બતાવો

17 જુલાઈ, 2026

"What Trump did NOT do was even purport to show a single ineligible voter voted in the 2020 election, or..."

"... that any voting machines were actually compromised, voting machines or voter registration databases breached, or election results inaccurately reported. Overall, this was an underwhelming announcement delivered with low energy that changes nothing about how state and local election administrators should run elections. If his government had actual evidence of noncitizen voting, there would be indictments; Trump has been hounding US attorneys to bring such cases, and the fact that he hasn’t shows that these claims likely have no legs.... He also did not offer anything new by way of policy proposals...."

Writes Rick Hasen, in "Trump’s Underwhelming Announcement on Voting Does Not Even Purport to Show That Any Illegal Votes Were Cast in the 2020 Election or That Voting Machines Have Been Hacked or Vote Totals Inaccurate; He Also Made a Pitch to Pass the SAVE America Act But Offered No New Federal Mandates" (Election Law Blog).

See for yourself: 


He started off as if he really wanted to give a State of the Union speech:

18 જૂન, 2026

"But they have a new group of leaders that I think is, uh, actually I think they're smarter. I think they're very smart. I think they're far less radicalized."

"And I think they're, uh, I think they're really good. They love their country. You know, you talk about regime change, nobody will say that. But I guess that's, look, their one set of leaders is all gone. Their second set of leaders is all gone. Their third set of leaders a little bit gone. But for the most part, and frankly, I think that's regime change. I think they're going to behave much differently. I think they see a different way of life that they were never exposed to. So the one thing I didn't want to see is I didn't want to see economic catastrophe. If you kept this going, that could have happened. But all I know is every time we talked about the possibility of peace, the stock market shot up like a rocket ship. It never went down. They didn't like it. The people, you know, the stock market is more brilliant than anybody there is, including the people on the stage, other than me, of course.... What do you think, Scott? Is the stock market more brilliant than you?... And, uh, every time we said something amazing like we're going to settle, it would go up. And every time we said something negative like — guess what? — we're not going to be able to settle. It would go down.... And the one president I did not want to be was the late great Herbert Hoover. I didn't want that. And who knows what would have happened, but bad things happen. ..."

13 જાન્યુઆરી, 2026

"The Quest to ‘Make America Fertile Again’ Stalls Under Trump."

The NYT reports.

[O]ne year into President Trump’s second term, his administration has enacted few policies to reduce the rising cost of having children — frustrating some conservatives who expected Mr. Trump to prioritize their plans to boost the U.S. birthrate as it continues to drop.... 

Conservative advocates in touch with the White House said family policy issues were not a current priority for Mr. Trump’s domestic policy team, which has been hyper-focused on immigration.

27 ઑગસ્ટ, 2025

Trump is everywhere, minding everybody's business.


Link and link.

30 જુલાઈ, 2025

If it's Trump news, the good news can't be good news.

Headline at The New York Times scrambles to squelch whatever lift you might get from the news that the economy grew in the second quarter: "U.S. Economy Grew in Second Quarter as Tariffs Scrambled Data/Gross domestic product rebounded in the spring after contracting at the start of the year, but consumer spending remained weak" (NYT).

We're serving tariff-scrambled data this morning. 

Let's read the text:
Economic growth softened in the first half of the year, as tariffs and uncertainty upended business plans and scrambled consumers’ spending decisions.

Your brains are scrambled! There's growth, but it's soft-boiled growth. Yuck!

The disruptions extended to the economic data itself.

12 જુલાઈ, 2025

"The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday."

"With government red ink swelling throughout the year, last month saw a surplus of just over $27 billion, following a $316 billion deficit in May...."

CNBC reports.

Meanwhile, WaPo explains "Why Wall Street is brushing off Trump’s escalating tariff threats/President Donald Trump’s escalating tariff threats have not deterred Wall Street, with the stock market continuing to rise despite trade policy uncertainty" (free access link): "Investors feel free to continue bidding up stock prices because they assume Trump will always back down from his most costly tariff plans, market analysts said. But the president views stocks’ steady rise as a license to intensify his trade threats, acting out the economic policy equivalent of his 2016 quip that he could 'stand in the middle of Fifth Avenue and shoot somebody' without paying a price."

9 જુલાઈ, 2025

"With Taxes and Tariffs in Place, Trump Takes Reins of U.S. Economy President/Trump has achieved much of his agenda, leaving the fate of the economy squarely in his hands."

A surprisingly pro-Trump headline in the NYT, so I guess he really deserves it.
His expensive tax cuts have been signed into law. His steep global tariffs are taking clearer shape. And his twin campaigns to deregulate government and deport immigrants are well underway. With the major components of his agenda now coming into focus, President Trump has already left an indelible mark on the U.S. economy. The triumphs and turbulence that may soon arise will squarely belong to him.

To give him credit is to set him up for blame. 

Not even six months into his second term, Mr. Trump has forged ahead with the grand and potentially disruptive economic experiment that he first previewed during the 2024 campaign. His actions in recent weeks have staked the future of the nation’s finances — and its centuries-old trading relationships — on a belief that many economists’ most dire warnings are wrong.... 
So far, the U.S. economy has remained resilient in the face of these seismic changes....

1 જુલાઈ, 2025

"Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa."

"No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!"

Said Donald Trump, on Truth Social.

ADDED: What Elon had posted shortly before that: "If this insane spending bill passes, the America Party will be formed the next day. Our country needs an alternative to the Democrat-Republican uniparty so that the people actually have a VOICE."

23 મે, 2025

The Presidents go head-to-head in my "For you" feed on X.


Obama, perhaps representing the Democratic Party, sticks to a minimalist position: Republicans might take some of your money. Trump is effusive, lists a lot of things that will benefit some of us, and ends with an exciting but vague and weird attack on Democrats: They've lost control of themselves! They are aimlessly wandering around! They've got no grit! They are warped in the past! They think they're going to bring their insane policies back, but it's never going to happen! Meanwhile, Obama merely wafts anxiety about health insurance coverage. 

12 મે, 2025

Big shot takes fat shot.

6 મે, 2025

"Until now, arguments for limiting consumption have tended to come from the left rather than the right."

"They date back at least to the economist Thorstein Veblen, who, at the start of the twentieth century, wrote acidly about the 'conspicuous consumption' engaged in by grandees of the Gilded Age. More recently, a 'degrowth' movement has emerged, which aims to decrease consumption and to de-prioritize G.D.P. growth on the grounds that they are harmful to the environment and that, in any case, accumulating more 'stuff' doesn’t really increase the well-being of people.This argument depends on two concepts familiar to economists: the diminishing marginal utility of consumption, which is, roughly speaking, the notion that if you already own nineteen dolls, buying a twentieth won’t give you much pleasure, and competitive consumption, or the idea that many people are trapped in an endless cycle of trying to outshine their friends and neighbors with their purchases.... 'Trump, degrowther,' the leftist journalist Doug Henwood commented online last week.... 'What he is doing is fairly unprecedented: explicitly saying that he is willing to pay an economic price in terms of growth in order to protect something else that he thinks is valuable and important,' Daniel Susskind, an economics professor at King’s College London who is the author of the 2024 book 'Growth: A History and a Reckoning' told me...."


Why don't the anti-consumption lefties embrace Trump? 

My first reaction to Trump's "Maybe the children will have 2 dolls instead of 30" was: "This reminds me of what those on the left used to say to us

18 એપ્રિલ, 2025

"The single worst thing I think this White House could do politically is what they are doing, right?"

"Creating a causal relationship between their signature economic policy and prices going up. And so if... we do see that inflation or we do have a recession... this White House will be blamed... And that creates the perfect conditions for Democrats to have a good midterms and feel good about 2028. And that's nothing to do with their own vision.... Right now, it seems like the chaos, they're kind of used to. Donald Trump up against his usual enemies. And I think there is some leeway — for art of the deal... negotiation, things like that. But the guy who says he'll eat a rat for Donald Trump is the exception. If those prices increase, the only person who will be blamed for that is the president. And if you're a Democrat, that's the best thing that could happen for the prospect of the party returning the power, right?"

Said Astead W. Herndon, in "Do Trump Voters Like His Tariffs? We Went to Michigan to Find Out," today's episode of the NYT "Daily" podcast.

Was there a guy who said he'd eat a rat for Donald Trump? There was a guy who said he wouldn't care if prices go up, that he would "survive," "adapt," and: "I'm the kind of guy that'll, if I'm starving, I'll eat a rat. I'll eat cockroach. I'm a survivalist." I wouldn't say that's eating a rat for Donald Trump. It's eating a rat for himself — to survive. The implication is that he's self-reliant. He doesn't look to the government to solve his problems. The podcast made it sound like a "Fear Factor" challenge or a sick devotion to Donald Trump, the man. 

Anyway, I'm trying to highlight the idea that — on the tariff issue — those who are rooting for the Democrats seem to think their best strategy is to do nothing but hope for inflation and recession: "That's the best thing that could happen for the prospect of the party returning the power, right?"

8 એપ્રિલ, 2025

"From a negotiating position — and the president talks about this in his book 'The Art of the Deal' — this is what they describe as anchoring."

"It's called an anchoring technique, which is to say that you state your position and you hold your position, and the moment you break from that position, it becomes a lot harder.... The second that they start announcing that they are taking a pause [from the tariffs] or that they're willing to do a deal at a lesser number or whatever it is, they've undermined their own case.... The business community has a phrase that they've been using all weekend which is 'What is the off ramp?' — which suggests that there is one. And there might not be an off ramp...."

Says Andrew Ross Sorkin, on "How Trump Wiped Out $10 Trillion in Wealth in 3 Days," today's episode of the NYT podcast "The Daily."

Later Jonathan Swan says: "One problem that some of his advisers have, I would say most of his advisers have, if they're being honest, is... your messaging is so all over the place.... It's like, you know, he is in deal making mode and then he's in: No, this is an economic revolution and you need to hang tough. You're getting these competing messages.... It's not just pundits that have been surprised or his donors, but some of his advisers, I think, were still of the mindset that this would be Term One Trump. And Term One Trump talked a really big game on tariffs, but actually, when the market started to wobble, he backed off.... [I]n his first term, he had to run for reelection.... He's not running for reelection anymore. So there is a theory that, well, he feels somewhat liberated by that, and he can do what he thinks is the right thing to do and move forward and deal with the consequences...."

4 એપ્રિલ, 2025

"This is a patient that was very sick.... It went through an operation on Liberation Day, and it's going to be... a very booming country."

"It's going to be amazing, actually.... The operation's over, and now we let it settle in. You see the plants are starting to construction, already. We have many plants — Indiana massive auto plant...."

Do you like the reasoning through analogy? The economy is a person, its supposed problem is a sickness, the tariffs are a surgical procedure, and the patient is in the post-op stage. That might be a difficult stage, with various pains and struggles. Even if this is a good analogy — economies are like human bodies, and tariffs are like an operation for an illness, and the immediate effect is a stage in the recovery from surgery — we still don't know if the right medical treatment was chosen and performed successfully.

For the annals of Things I Asked Grok: "Could you summarize the Susan Sontag book 'Illness as Metaphor' and say whether it has some use in critiquing the above-stated analogy about the economy?"

That book is less about using illness as a metaphor to explain something other than illness and more about using something other than illness to explain illness. From "Illness as Metaphor" (commission earned):

27 જાન્યુઆરી, 2025

"But, if the new tariff regime has been hyper-publicized, it has also been somewhat undertheorized."

"If the plan is to disrupt the existing regime, in the conviction that global free trade has undermined American interests and workers, what is meant to replace it?... Ever since Trump was first elected, in 2016, his main guru and interpreter on trade, the man largely charged with converting the President’s protectionist instincts into theory and practice, has been a voluble, savvy seventy-seven-year-old Washington lawyer named Robert Lighthizer.... The view Lighthizer has come to after nearly half a century working on the issue is that free trade is a fiction, believed only by Americans and economists (and, intermittently, by the British). 'Free trade doesn’t exist anywhere in the world,' he told me. 'It just doesn’t. And it doesn’t largely because of details.' Even in the absence of tariffs, countries do all sorts of things to protect domestic manufacturing.... What Lighthizer would like to see, as he explained to me, is 'a new trade system,' in which the U.S. walked away from the disadvantageous trade agreements of the nineties and negotiated a new series of agreements with other democracies, wealthy and not, that fixed those mistakes.... 'We have the momentum politically to do it,' Lighthizer said. 'We have the benefit of a trillion-dollar trade deficit, which gives us enormous leverage. We take unilateral action, we disrupt the system, we build over not too long a period toward what I suggest.'..."

From "Why Is the Mastermind of Trump’s Tariff Plan Still Sitting at Home in Florida? Robert Lighthizer, the former U.S. Trade Representative, lost his bid to rejoin the White House, but he still believes the President’s protectionist instincts can jump-start American manufacturing," by Benjamin Wallace-Wells" (The New Yorker).

23 જાન્યુઆરી, 2025

"[T]hese criminal networks have extended their operations far beyond drug trafficking and human smuggling. They are now embedded in a wide swath of the legal economy..."

"... from avocado farming to the country’s billion-dollar tourism industry, making it hard to be absolutely sure that American companies are isolated from cartel activities. 'This has come up in previous administrations across the political spectrum and from members of Congress who have wanted to do it,' said Samantha Sultoon, a senior adviser on sanctions policy and threat finance in the Trump and Biden administrations. 'But no one has done it because they have looked at what the implications would be on trade, economic and financial relationships between Mexico and the United States.'..."


"But no one has done it"... until Trump. I wonder how many of Trump's innovations are things the others have thought of but rejected. 

"Almost impossible" — that makes me think of this part of Trump's inaugural speech:

9 ડિસેમ્બર, 2024

That evocative word: groceries.

29 સપ્ટેમ્બર, 2024

Nick Gillespie confronts Donald Trump about the deficit. Trump absconds.

24 સપ્ટેમ્બર, 2024

"I support and vote for Trump over Harris"... says Rand Paul.