Thursday, September 5, 2019
The arrival of fall brings a break in 2019’s summer heat wave; continued economic uncertainty with respect to US trade policy, deficits, and immigration policy; and a slowing US and world economy. Economic policy uncertainty seems now to have become a Trump policy instrument to be used along with regulatory, fiscal, and monetary policy to achieve political goals. Along with the uncertainty, fall also brings acceleration in election politics, with more than a score of Democrats hoping to become their party’s nominee for the White House.
Election politics generates debates and speeches in what is often called America’s crazy season. This year’s politics is generating some rather extreme proposals for “what I will do if I become president.” While political rhetoric is about what might happen, the slowing world economy is about what is actually happening.