Manufacturing Nostalgia Is a Political and Economic Trap
#USManufacturing #EconomicPolicyUS political nostalgia for manufacturing's past glory drives ineffective policies. Manufacturing now employs under 8% of workers, and protectionist tariffs or subsidies often raise costs and fail to revive jobs or output, harming consumers and competitiveness. read more
Treasury Chief: Skip Toys, Fund Trump Accounts
#TrumpAccounts #EconomicPolicyTreasury Secretary Scott Bessent urged families to invest in new 'Trump Accounts' for children instead of buying birthday toys. The pilot program provides $1,000 for newborns. Critics call the advice tone-deaf amid high living costs. read more
Trump's 200% Alcohol Tariff Proposal: Balancing Revenue and Inequality
#TrumpTariff #EconomicPolicyDonald Trump threatens a 200% tariff on alcoholic products from EU member states, claiming it will bring wealth. However, the taxes will likely be paid by the working class and poor, while the rich will profit from his tax cuts. read more
"The Risks of Foreign Ownership: Economic Consequences for the UK"
#ForeignInvestment #EconomicPolicyThe chancellor's support for airport expansion benefits foreign governments like Qatari, Saudi, and Chinese who have stakes in Heathrow. The UK's extensive asset selling to foreign investors raises economic concerns. UK must avoid repeating past mistakes to prevent economic disaster. read more
Greg Jericho analyses Australia's vulnerability to Trump's tariffs
#TradeTariffs #EconomicPolicyGreg Jericho highlights the US' imposition of a 25% tariff on steel and aluminum imports, reminiscent of previous actions by Trump in 2018. Australia was previously exempt but now must face the consequences, emphasizing the need for self-reliance in trade negotiations. read more
Paul Krugman warns Trump supporters of potential second term scam
#DonaldTrump #EconomicPolicyNobel economist Paul Krugman warns that Trump supporters will feel scammed during his second term. Trump plans to impose tariffs on China, Mexico, and Canada, potentially violating free trade deals. Krugman criticizes Trump's economic policies, cautioning that his tax cuts will benefit the wealthy. read more
Economist Proposes Strategic Price Controls to Combat Inflation Challenges
#Inflation #EconomicPolicyIsabella Weber advocates for strategic price controls to combat inflation in the US, emphasizing the need for policies that improve people's lives to prevent a slide toward fascism. Economists criticized her ideas initially, but as inflation rose globally, her solutions gained traction. 🔒 read more
"The Failure of Free Market Experiment: 7 Lessons Learned"
#FreeMarketExperiment #EconomicPolicyThe free-market experiment initiated by Margaret Thatcher and Ronald Reagan has proven unsuccessful, leading to widening economic disparities. Lessons learned include the necessity for the left to develop a credible economic plan to combat the rise of populism. Globalization is reversing, favoring protectionism, while Brexit signifies a chance for change. read more
Economist Stiglitz Analyzes Stark Policy Differences in 2024 Election
#DonaldTrump #EconomicPolicyDonald Trump's economic agenda lacks focus on justice and sustainability while favoring coal, oil, and billionaires. His policies would weaken the US economy. On the other hand, Kamala Harris aims for a more balanced approach with a focus on competition, environment, growth, and equality. read more
Harris and Trump unveil economic policies for 2024 presidential race
#EconomicPolicy #USPoliticsKamala Harris outlines an economic plan expanding on Biden's policies, focusing on lowering costs for families, while Trump aims to lower prices by increasing domestic oil and gas production. Harris proposes measures like banning price gouging and supporting first-time homebuyers. read more
Kamala Harris unveils economic plan focused on middle class prosperity
#US2024 #EconomicPolicyKamala Harris presents her economic campaign plan in Raleigh, North Carolina, focusing on an opportunity economy for the middle class. She pledges to lower the cost of living, propose bans on price-gouging, and combat housing shortages, offering tax cuts and grants. read more
Trump and Harris Unveil Economic Policies for Presidential Campaigns
#EconomicPolicy #HarrisVsTrumpDonald Trump and Kamala Harris present economic policies to appeal to working-class voters. Harris aims to lower grocery costs, assist first-time homebuyers, and cap prescription drug costs. Trump suggests more tariffs, extending tax cuts, and increasing oil production to lower prices. read more
Kamala Harris tackles child poverty and housing in economic speech
#EconomicPolicy #USPoliticsKamala Harris plans to present key economic proposals to address child poverty and support first-time homebuyers in a policy speech in North Carolina, aiming to counter inflation issues. Donald Trump may resume outdoor rallies with bulletproof glass, while Democrat events ramp up. read more
#DonaldTrumpRally #EconomicPolicy
Donald Trump campaigns in Doral, Florida promising to lower inflation; experts warn his Trumponomics plans of high tariffs and tax cuts may elevate it. Economists predict Trump's policies could increase inflation, creating concerns about the U.S. financial struggles. read more