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Wall Street pines for President Biden
Remember #BatTrump? Back when Donald Trump was running for the Republican presidential nomination, he the 2015 Iowa State fair, landing in the Trumpcopter and then offering rides to children. One of the kiddies, a 9-year-old boy, asked the businessman, "Are you Batman?" To which candidate Trump replied, "I am Batman." Social media took notice.But which Batman? There are many different versions across comics, television, and film. Well, now we have an answer. In the 2012 film The Dark Knight Rises, Batman rescues Gotham City from the populist supervillain Bane, who the Gotham Stock Exchange...β¦Remember #BatTrump? Back when Donald Trump was running for the Republican presidential nomination, he the 2015 Iowa State fair, landing in the Trumpcopter and then offering rides to children. One of the kiddies, a 9-year-old boy, asked the businessman, "Are you Batman?" To which candidate Trump replied, "I am Batman." Social media took notice.But which Batman? There are many different versions across comics, television, and film. Well, now we have an answer. In the 2012 film The Dark Knight Rises, Batman rescues Gotham City from the populist supervillain Bane, who the Gotham Stock Exchange...WWβ¦
The terrible trade-off of keeping schools closed
Honestly acknowledging trade-offs is what makes for serious governing. A key difference between policy activists and policy analysts is that the former either severely minimize the existence of trade-offs or ignore them completely. Lower speed limits would save lives, but they would also waste more of our time and make it more expensive to ship goods around our continent-sized country. Sharply higher taxes might raise more revenue for government, but they could reduce incentives to work, save, and invest. Big budget deficits might juice the economy in the short run, but they could result in...β¦Honestly acknowledging trade-offs is what makes for serious governing. A key difference between policy activists and policy analysts is that the former either severely minimize the existence of trade-offs or ignore them completely. Lower speed limits would save lives, but they would also waste more of our time and make it more expensive to ship goods around our continent-sized country. Sharply higher taxes might raise more revenue for government, but they could reduce incentives to work, save, and invest. Big budget deficits might juice the economy in the short run, but they could result in...WWβ¦
A coronavirus recession would likely end Trump's presidency
The global coronavirus outbreak might accomplish something that myriad haven't: make Republicans fear losing the 2020 presidential election.Until now, survey after survey has consistently shown President Trump losing to the Democrats in November. Like, to all of the Democrats. Yet Republicans have . They remember how the #FakePolls showed Trump losing to Hillary Clinton four years ago. More importantly, perhaps, GOPers have a deep faith that the strong economy will provide a powerful tailwind to Trump's re-election campaign.But the plunging stock market, badly spooked by the unpredictable...β¦The global coronavirus outbreak might accomplish something that myriad haven't: make Republicans fear losing the 2020 presidential election.Until now, survey after survey has consistently shown President Trump losing to the Democrats in November. Like, to all of the Democrats. Yet Republicans have . They remember how the #FakePolls showed Trump losing to Hillary Clinton four years ago. More importantly, perhaps, GOPers have a deep faith that the strong economy will provide a powerful tailwind to Trump's re-election campaign.But the plunging stock market, badly spooked by the unpredictable...WWβ¦
Biden is not going to get his $1.9 trillion stimulus plan. And that's okay.
It's hard to imagine Team Biden ever thought the GOP would swallow whole another $2 trillion in spending just a month or so after Congress passed a nearly $1 trillion relief bill. And it's not just the total amount of spending. Even Republicans who think, for example, that state and local governments need more financial assistance β and they do β doubt the need for $350 billion of additional help. Same goes for the $3,000 child tax credit. Just too, too much in such an already big proposal. In reality, the humongous Biden plan seems built for potential compromise. Cut a bit here, trim a bit...β¦It's hard to imagine Team Biden ever thought the GOP would swallow whole another $2 trillion in spending just a month or so after Congress passed a nearly $1 trillion relief bill. And it's not just the total amount of spending. Even Republicans who think, for example, that state and local governments need more financial assistance β and they do β doubt the need for $350 billion of additional help. Same goes for the $3,000 child tax credit. Just too, too much in such an already big proposal. In reality, the humongous Biden plan seems built for potential compromise. Cut a bit here, trim a bit...WWβ¦
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