Bruce Bartlett reminds us of the George W. Bush: Screwup-in-Chief, 2001-2008. Short version: Iraq, WMD, unfunded Medicare Part D, Sarbanes-Oxley, Katrina, Harriet Miers, no vetos until second term, tax rebates+credits and nonpermanent tax cuts, steel tariffs, ag subsidies, keeping Cheney, compassionate conservativism, signing McCain-Feingold after threatening to veto, neutering SecTreas, and GSEs.
From Peter Coy, in NYT:
A flurry of investment bank newsletters (Wells Fargo, GS) impels me to look at what happened to the aggregate trade balance in the wake of Trump’s tariff hikes:
We don’t know much, but we know tax cuts and tariffs are on the agenda. I suppose that, while he might not execute the Fed Chair (that’s reserved for a select few), he is likely to try to otherwise eject him/her if policy is not to his liking.
One shows that they are economic fraudsters over and over, with discredited ideas, but they keep on coming back. From WaPo: …his top economic advisers … to map out a trade-focused economic plan for his presidential bid…. including former senior White House officials Larry Kudlow and Brooke Rollins, as well as outside advisers Stephen Moore […]
For use in ISF 2023 course on “Modeling & Forecasting the International Dimensions”.
Last Thursday, I talked on WPR’s Central Time about the national economy and Wisconsin’s outlook given President Biden’s policies. I noted that the macro outlook had improved substantially since last December, as the economy proved more resilient than expected, and inflation decelerated more than anticipated. That was true nationally, as well as locally.
Last year’s recap was entitled “Year in Review, 2021: Cleaning Up What Trump Wrought”. This year, with rational policymaking returning, it’s time to erase stupidity.
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared at Project Syndicate.
As noted by Jim in his post on the 2022Q3 GDP release, exports and imports accounted (mechanically) for more than 100% of 2022Q3 GDP growth: