ChrisWeigant.com

Archive of Articles in the "Economics" Category

Friday Talking Points -- War Is Over?

[ Posted Friday, May 9th, 2025 – 18:12 UTC ]

If you'll check a historic calendar (which is easy enough to do), you will clearly see that there are three possible days which could validly be celebrated as marking the end of World War II. They are: August 14th, August 15th, or September 2nd. The initial announcement of the surrender of Japan was made on August 14th, in Japan. Due to the nature of time zones, this happened when it was August 15th in America already. Then the formal surrender, which happened on the deck of the battleship U.S.S. Missouri, was signed on September 2nd. The president at the time, Harry Truman, announced the United States would celebrate what was known as "V-J Day" (for "Victory over Japan Day") on September 2nd. So that would be the most likely day you'd expect any subsequent American president to announce as a new semi-holiday, since it was when World War II actually officially ended. But you'd be wrong.

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Tax Cut? What Tax Cut?

[ Posted Thursday, May 8th, 2025 – 14:54 UTC ]

Republicans in Congress are at the "rubber meets the road" phase of constructing their new budget, where they have to put actual numbers down on paper and add them all up. The next few weeks are going to be a dizzying frenzy of dealmaking and adjustments, as differing priorities are weighed against each other. But at the heart of their plans is a big "tax cut." I put that in scare quotes because the American taxpaying public is probably not going to see it in quite the same way as the Republicans do. The public, in fact, is going to be left wondering: "Tax cut? What tax cut? I don't see a tax cut anywhere!" Which could make the whole thing a hard sell, politically.

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Trump Throws Small Businesses Under The Stroller

[ Posted Monday, May 5th, 2025 – 15:57 UTC ]

Yesterday, the NBC show Meet The Press aired an interview that host Kristen Welker had held with Donald Trump two days earlier. It generated a lot of news, since it's one of the few interviews he has given as president to a news organization that doesn't inhabit the rightwing echo chamber. It generated a lot of headline quotes, including Trump answering: "I don't know" to the question: "Don't you need to uphold the Constitution of the United States as president?"

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Friday Talking Points -- 100 Daze

[ Posted Friday, May 2nd, 2025 – 17:30 UTC ]

Donald Trump hit two milestones this past week: his first 100 days in office, and his first quarter of negative G.D.P. growth. True to form, he celebrated the first of these with a rally, while blaming the second on Joe Biden. He even tried to front-load any bad economic news in the second quarter as Biden's fault too. Oh, and for good measure, Trump expressed a desire to become the next pope. Which would probably be fine with plenty of Americans -- as long as he quits his current job in order to do so.

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A Couple Of Bucks More

[ Posted Thursday, May 1st, 2025 – 15:21 UTC ]

Donald Trump's trade war is on the brink of going from bad to worse. Up until now, American consumers have seen the stock market tank (and go through wild swings) and are beginning to see higher prices for some of the things they buy. But all that's about to go into overdrive, as the shock to the global trading system works its way down all of the supply chains. The next big phase of this may wind up being empty shelves in the stores -- which is going to be a monumental psychological shock to consumers.

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A Real Horrorshow [Part 2]

[ Posted Wednesday, April 30th, 2025 – 16:36 UTC ]

Which brings us to Trump's strongest point, albeit one where his polling is also falling fast. On the subject of the southern border, the public does approve of what Trump has been doing. But on the larger subject of immigration, Trump is underwater in most polls, after starting out his term with those numbers in the positive ranges.

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A Real Horrorshow [Part 1]

[ Posted Tuesday, April 29th, 2025 – 17:25 UTC ]

Donald Trump's first 100 days of his second term as president has been a real horrorshow. I use this term deliberately, mostly because it can be used in two opposing ways... at least, if you either speak Russian or are a fan of Anthony Burgess. It can be used in the traditional English meaning of "something that is difficult to deal with or watch because it is so bad or unpleasant." It can also be used as Nadsat future-teen slang from the novel (and film) A Clockwork Orange, where it was borrowed (Anglicized) from the Russian word khorosho -- which actually means "good." So how you personally use it will depend on how you see Trump.

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Three Tax Ideas

[ Posted Monday, April 28th, 2025 – 16:07 UTC ]

Congress is back in Washington this week, and they'll soon be starting to put some actual numbers in their aspirational budget. This is going to involve a whole lot of intraparty struggles for Republicans, as different factions draw red lines on different issues. They've set an optimistic timeline for finishing, but it remains to be seen whether Republicans will be able to agree on all of the details in time to meet that schedule.

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Friday Talking Points -- The Honeymoon Is Over

[ Posted Friday, April 25th, 2025 – 18:05 UTC ]

Let's start with some good news today, shall we?

Donald Trump's second-term honeymoon phase now seems to officially be over. As new polling continues to roll in (in advance of his 100-day mark next week), it seems to all be telling pretty much the same story. Trump is now in a neck-and-neck race for "fastest slide into disapproval ever" -- with himself. Only one other president in modern times has seen his job approval numbers with the public go underwater this fast, and his name was also Donald Trump (in his first term). It depends on the poll, but in some he's already worse than he was at this point in 2017. No other president was even in negative territory at this point, it bears mentioning.

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Fox Releases Brutal Poll For Trump

[ Posted Thursday, April 24th, 2025 – 15:03 UTC ]

As Donald Trump's second presidency approaches the 100-day mark, we should be seeing a flood of new polling on his performance so far. Today, Fox News released its own new poll, and the news is decidedly not good for Trump. And this is coming from Fox News -- which is (obviously) tough for Trump supporters to spin as some sort of liberal news outlet.

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