Kate Leinbaugh

I think there was an expectation that this president viewed the stock market as almost like an approval rating ticker. and would immediately course correct if he saw that there was a negative impact. But instead, he's been sort of intermittently sensitive to market gyrations while claiming that he's not going to be sort of bullied. How much is that uncertainty making people nervous, I guess?

I think there was an expectation that this president viewed the stock market as almost like an approval rating ticker. and would immediately course correct if he saw that there was a negative impact. But instead, he's been sort of intermittently sensitive to market gyrations while claiming that he's not going to be sort of bullied. How much is that uncertainty making people nervous, I guess?

I think there was an expectation that this president viewed the stock market as almost like an approval rating ticker. and would immediately course correct if he saw that there was a negative impact. But instead, he's been sort of intermittently sensitive to market gyrations while claiming that he's not going to be sort of bullied. How much is that uncertainty making people nervous, I guess?

Well, as Greg has pointed out, there continues to be this fundamental conflict and disagreement within the administration about the long term goals of the tariffs. And that's part of why we see this back and forth similar to Trump's first term between the tariff enthusiasts, which are mostly Trump and Peter Navarro. and the more conventional sort of conservative economics types.

Well, as Greg has pointed out, there continues to be this fundamental conflict and disagreement within the administration about the long term goals of the tariffs. And that's part of why we see this back and forth similar to Trump's first term between the tariff enthusiasts, which are mostly Trump and Peter Navarro. and the more conventional sort of conservative economics types.

Well, as Greg has pointed out, there continues to be this fundamental conflict and disagreement within the administration about the long term goals of the tariffs. And that's part of why we see this back and forth similar to Trump's first term between the tariff enthusiasts, which are mostly Trump and Peter Navarro. and the more conventional sort of conservative economics types.

I think part of the reason that it's been hard for the administration to attain the kind of long-term certainty that might actually start this process of fundamentally reshaping the American and world economies is that, as Kobe noted, Trump will be gone in a few years. If policies are passed by Congress, it's much harder to do, but that's for a reason.

I think part of the reason that it's been hard for the administration to attain the kind of long-term certainty that might actually start this process of fundamentally reshaping the American and world economies is that, as Kobe noted, Trump will be gone in a few years. If policies are passed by Congress, it's much harder to do, but that's for a reason.

I think part of the reason that it's been hard for the administration to attain the kind of long-term certainty that might actually start this process of fundamentally reshaping the American and world economies is that, as Kobe noted, Trump will be gone in a few years. If policies are passed by Congress, it's much harder to do, but that's for a reason.

And it means that those actions are more durable. So, you know, this administration has pointed to, you know, some of the announcements that have already been made of companies making big investments in the U.S. and saying that this indicates that this strategy of reshoring manufacturing and creating American jobs is going to be successful in the long term.

And it means that those actions are more durable. So, you know, this administration has pointed to, you know, some of the announcements that have already been made of companies making big investments in the U.S. and saying that this indicates that this strategy of reshoring manufacturing and creating American jobs is going to be successful in the long term.

And it means that those actions are more durable. So, you know, this administration has pointed to, you know, some of the announcements that have already been made of companies making big investments in the U.S. and saying that this indicates that this strategy of reshoring manufacturing and creating American jobs is going to be successful in the long term.

And I think, as Greg said, there's a possibility that to some degree that is beginning to happen. But the lack of certainty, the lack of long-term certainty, the lack of confidence that in a few years from now this won't just all be overturned is a major impediment to these policies having the intended long-term effect.

And I think, as Greg said, there's a possibility that to some degree that is beginning to happen. But the lack of certainty, the lack of long-term certainty, the lack of confidence that in a few years from now this won't just all be overturned is a major impediment to these policies having the intended long-term effect.

And I think, as Greg said, there's a possibility that to some degree that is beginning to happen. But the lack of certainty, the lack of long-term certainty, the lack of confidence that in a few years from now this won't just all be overturned is a major impediment to these policies having the intended long-term effect.

Well, on the one hand, Trump continues to defend Hegseth and prominent voices in MAGA world continue to insist that he is, you know, the America first leader that we need at the Pentagon. But I think The fallout from this second group chat revelation was it was less significant that it occurred. It seemed kind of along the lines of the first scandal.

Well, on the one hand, Trump continues to defend Hegseth and prominent voices in MAGA world continue to insist that he is, you know, the America first leader that we need at the Pentagon. But I think The fallout from this second group chat revelation was it was less significant that it occurred. It seemed kind of along the lines of the first scandal.

Well, on the one hand, Trump continues to defend Hegseth and prominent voices in MAGA world continue to insist that he is, you know, the America first leader that we need at the Pentagon. But I think The fallout from this second group chat revelation was it was less significant that it occurred. It seemed kind of along the lines of the first scandal.

But in the wake of it, you know, a bunch of political appointees at the Pentagon were fired and then spoke out and claimed that they were being unfairly scapegoated, that they were being blamed for violence. for leaks, but that there was no evidence it actually happened.

But in the wake of it, you know, a bunch of political appointees at the Pentagon were fired and then spoke out and claimed that they were being unfairly scapegoated, that they were being blamed for violence. for leaks, but that there was no evidence it actually happened.