MAGA Momentum: Trump’s 100-Day Plan Unveiled, Inside His ‘Dream Team’
Welcome to today's newsletter, filled with inspiring stories that showcase President Trump's strategic moves, grassroots support, and the nation's growing optimism.
Election Battle US
Election Battle 2024: Trump/Vance Economic Policies for American Workers and Families
Presidential candidates Donald Trump and J.D. Vance's economic policies are being criticized by failed economists, but supported by working-class Americans. Vance proposes expanding the Child Tax Credit to $5,000 per child, while Trump challenges the Federal Reserve's independence.
6 min read
Posts in today's report:
- Trump/Vance Comments About Fed Independence Upset Failed Economists
- J.D. Vance Seeks to Boost Child Tax Credit for All Families
- Union Membership & Leadership Split Around Trump as Layoffs Continue
- California Sheriff Calls Out Harris for False Advertising
Trump/Vance Comments About Fed Independence Upset Failed Economists
Recently, both Donald Trump and his running mate J.D. Vance have thrown out a political challenge to the independence of the Federal Reserve, as Michael Steger covers in this Promethean Action post.
Donald Trump thinks he should influence Fed rates—here’s what history and the law say
“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.
Now, a bevy of economists, whose Fed-supporting policies have contributed to the decades-long destruction of the U.S. economy are getting nervous. Larry Summers, who served as Bill Clinton’s National Economic Advisor and Barack Obama’s Treasury Secretary, intoned that he is “appalled at how bad an idea it was.” The New York Times carried an op-ed by Paul Krugman defending the sanctity of the Fed’s independence. Krugman is a Nobel Prize winner, whose interest in economics, according to Wikipedia, began by reading science fiction—which may explain a lot. Kamala Harris has said: “The Fed is an independent entity and as President I would never interfere in the decisions that the Fed makes."
According to the Fortune coverage, Richard Nixon was another President who challenged the Fed's imperial authority. This week marks the 50th anniversary of Nixon's resignation as the 37th President of the United States.
Why Economists Are Worried About Trump’s Push to Politicize the Fed
Donald Trump argues Presidents should have more power over setting interest rates. Here’s why economists worry about politicizing the Fed
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MAGA Momentum: Trump’s 100-Day Plan Unveiled, Inside His ‘Dream Team’
Welcome to today's newsletter, filled with inspiring stories that showcase President Trump's strategic moves, grassroots support, and the nation's growing optimism.
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