Chapter 1: What is the main topic discussed in this episode?
Well, howdy there internet people, it's Belle again. So today, we're going to talk about Trump asking Warren for help with the economy. Trump has been doing everything he can to convince people to reject the evidence of your eyes and ears and believe him when he tells you that the economy is doing well.
Sometimes as commentators, we have to wonder where the line between what he actually believes and what he says to play to his base actually is. Does he actually believe the economy is performing for people other than his rich friends?
Chapter 2: What economic issues is Trump addressing with Warren and other Democrats?
New reporting tells us the answer is no, and that he knows it isn't going well, and that he knows there's an affordability crisis. It also suggests that he doesn't know what to do about it and that he no longer trusts the Republicans in Congress to help him. Are you ready for this?
The reporting says Trump reached out to talk to Senators Elizabeth Warren, Chuck Schumer, and Peter Welch about various aspects of the economy. Why is Trump coming up with ideas like limiting credit card interest rates or stopping institutional investors from buying single-family homes? Because he's asking Democrats for help with ideas on how to fix the economy.
If you think this sounds absolutely unbelievable, it really isn't.
Chapter 3: How does Trump perceive the performance of the economy?
To borrow the phrase, Trump is a rhino. He always has been. He's never cared about party positions. He cares about looking good. Right now, he doesn't. He knows that an overwhelming majority of Americans disapprove of his handling of the economy. Now, before anybody thinks Trump is moving left on issues, it looks like it's going to be a bunch of empty rhetoric.
About two weeks ago, we talked about the rumor of Trump banning institutional investors from buying single-family homes. And I said, sure, it sounds great, but the devil's in the details, and asked how the term large institutional investor would be defined. Because whether or not it would work would depend wholly on that definition. In the last four or five days, Trump dropped the order.
It doesn't have definitions for the terms. In fact, there's a little section saying they'll figure that out later. I'm not joking. Quote
Within 30 days of the date of this order, the Secretary of the Treasury shall develop in consultation with the Assistant to the President for Economic Policy definitions of large institutional investor and single-family home for the purpose of implementing this order. In short, the order is worthless without a definition.
Celebrating it, or thinking that Trump is going to do anything beyond trying to convince people he cares about their problems, seems contrary to past performance. But is it all bad news? Not really. Trump is going to pick up Democratic Party policies and talking points to try to dupe the American people into thinking he cares about their problems.
even if he doesn't enact them or simply signs worthless executive orders. He's mainstreaming the ideas. So they'll meet with less resistance when Democrats actually try to implement them later. Anyway, it's just a thought. Y'all have a good day.
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