Donald Trump’s clear victory in yesterday’s presidential election certainly seemed to prove the old maxim that perception is reality. Exit polls of 10 battleground states showed that 68% of those surveyed said the economy was “not so good” (35%) or “poor” (33%). Of the third (32%) who identified the economy as the issue that mattered […]

A fixture at Donald Trump’s final campaign rallies features the Republican nominee asking, “Are you better off now than four years ago?” Even with the steep pandemic and war induced-inflation of 2022 and early 2023, the data clearly show the answer is “yes.” Over the last two weeks, even the conservative Wall Street Journal (“U.S. […]

With Election Day less than two weeks away, Americans are putting the economy at or near the top of their list of most important issues. And as Forbes reported on Thursday, recent polls show voters wrongly perceive Republican Donald Trump as the stronger option to lead the U.S. economy over the next four years. That […]

Virtually alone among major world economies, the United States has a debt ceiling which limits how much money the government can borrow to pay the bills it has already incurred. From the time Congress created the debt limit in 1917 to simply the massive borrowing need to fund the U.S effort in World War I […]

To my Republican friends willing to trigger a global economic catastrophe by refusing to raise the federal government’s debt ceiling, let’s engage in a little thought exercise. Imagine for the moment that Donald Trump actually won reelection in November 2020. (That shouldn’t be hard, given polling that shows that 66% of Republicans already wrongly believe […]

COVID-19 deaths in the United States reached 2,879 on Thursday. To put that American body count in perspective, the figure is more than the number of U.S. military personnel killed at the Battle of Shiloh in 1862 or Pearl Harbor in 1941 or even D-Day in 1944. Tomorrow and probably every day for the rest […]

With the tens of millions of cash-strapped Americans teetering on the brink of financial catastrophe, Senate Republicans and President Trump are unable to act on a new package of COVID economic response programs. Three months after House Democrats passed a $3 trillion Coronavirus relief bill, GOP leaders in the Senate are trying to muster support […]

Furious over the Dow’s 1,900 point plunge over the past three days, President Trump held a press conference Wednesday to try to calm markets. Echoing the comments of his National Economic Council Director Larry Kudlow that “we have contained” Coronavirus and the American economy is “holding up nicely,” Trump declared the pandemic risk to Americans is “very low” because […]

Among other things, Donald Trump will go down in history as the "everyone could have predicted" president. That is, it's not just that the 45th president of the United States has failed to deliver on pretty much every promise that he made to the American people; it's that the fact that Trump's guarantees would crash […]

With the unemployment rate still at 3.7% and GDP growth at 2.0%, the American economy remains solid, if not spectacular. But with more warning lights flashing yellow, Team Trump is growing more concerned about the direction of the so-called best economy ever just as the 2020 election heats up. The president and his advisers have […]