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One of the most important news items, the virtual rebirth of the American economy under the Trump Administration, is also one of the most under-reported. The reasons for that are political. Obviously, it is a success for a White House that most of the media almost desperately attempted to prevent getting elected, and, once that effort failed, did everything possible to cripple. The magnitude of the Trump economic revival could be sufficient to get the President re-elected, an outcome that media seeks to prevent at all costs. There is also an embarrassment factor, as key left-wing writers and politicians claimed Trump's policies were incompetent or worse. Just two examples: The New York Times' Paul Krugmanpredicted that Trump's policies would lead to a "Global recession, with no end in sight." Obama himself mocked Trump's promise to revive manufacturing employment, stating that "those jobs aren't coming back." Obama's approach of extensive regulation at home and timidity in confronting China abroad provided poor results for American industry and related employment, continuing a downward spiral that could be traced back to the Clinton Administration. During the 2016 presidential campaign, Slate's Jordan Weissman, noted: "Things have not worked out quite as the 42nd president hoped. Normalizing trade with China set our rival on a path to becoming the industrial powerhouse the world knows today, decimating American factory towns in the process and upending old assumptions about how trade effects the economy. Thanks to a growing body of academic research, we're only just now beginning to understand the extent of the economic fallout..."
One of the most important news items, the virtual rebirth of the American economy under the Trump Administration, is also one of the most under-reported. The reasons for that are political. Obviously, it is a success for a White House that most of the media almost desperately attempted to prevent getting elected, and, once that effort failed, did everything possible to cripple. The magnitude of the Trump economic revival could be sufficient to get the President re-elected, an outcome that media seeks to prevent at all costs. There is also an embarrassment factor, as key left-wing writers and politicians claimed Trump's policies were incompetent or worse. Just two examples: The New York Times' Paul Krugmanpredicted that Trump's policies would lead to a "Global recession, with no end in sight." Obama himself mocked Trump's promise to revive manufacturing employment, stating that "those jobs aren't coming back." Obama's approach of extensive regulation at home and timidity in confronting China abroad provided poor results for American industry and related employment, continuing a downward spiral that could be traced back to the Clinton Administration. During the 2016 presidential campaign, Slate's Jordan Weissman, noted: "Things have not worked out quite as the 42nd president hoped. Normalizing trade with China set our rival on a path to becoming the industrial powerhouse the world knows today, decimating American factory towns in the process and upending old assumptions about how trade effects the economy. Thanks to a growing body of academic research, we're only just now beginning to understand the extent of the economic fallout..."
Jamelle Bouie talks to Cornell Belcher, President of Brilliant-Corners Research and Strategies, about the Obama backlash and Trump leaning into white racial resentment. Stick around after that interview to hear producer of Trumpcast, Jayson De Leon, chat with Slate's Jordan Weissman about the two health care executive orders Trump signed on Thursday. To sign up for Slate Plus go to Slate.com/TrumpcastPlus. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this week's episode of Slate Money, Felix Salmon of Fusion, Cathy O'Neil of Columbia University and Slate's Jordan Weissman discuss the use and abuse of jargon in business and finance, regulators demands that financial institutions rewrite their metaphorical "living wills," and the battle over the literal estate of the artist Robert Rauschenberg. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this week's episode of Slate Money, Felix Salmon of Fusion, Cathy O'Neil of Columbia University and Slate's Jordan Weissman discuss the shady business of international surrogacy, the National Labor Relations Board's landmark ruling on who counts as a McDonald's employee, and Argentina finally defaulting on its debt (again). Learn more about your ad choices. Visit megaphone.fm/adchoices
Slate Money, featuring Felix Salmon of Fusion, Cathy O'Neil of Mathbabe.org, and Slate's Jordan Weissman. This week: Credit Suisse pleads guilty to helping Americans evade taxes, a look at how reparations to descendants of slaves might work, and Ben Bernanke’s speaking fees. Learn more about your ad choices. Visit megaphone.fm/adchoices
Slate Money, featuring Felix Salmon of Fusion, Cathy O'Neil of Mathbabe.org, and Slate's Jordan Weissman. This week: Timothy Geithner's "Stress Test," why Christine Lagarde isn't speaking at Smith College, and how student debt impacts the housing market. Learn more about your ad choices. Visit megaphone.fm/adchoices