Koch Political Network Distancing Itself From Trump’s Republican Party

A powerful political network is distancing itself from the Trump-dominated Republican Party.

About that 4.1% GDP Growth….

The recent report of 4.1% GDP growth over the previous quarter is indeed welcome news. However, taking a look at the data both recent and in the past and there are some reasons to be concerned about GDP growth in general.

Trump’s Tariffs Set to Destroy More Jobs than The Tax Cut Will Create.

Trump’s trade war will claw back 25% of the growth in GDP, slightly more than 20% of the wage growth and more than wipe out all the jobs his tax cuts would provide.

Initial Estimate Shows Economy Grew 4.1% In Second Quarter

The economy grew at an exceptionally strong pace according to the first estimate of GDP growth, but several caveats remain.

Whither the Fiscal Conservative?

Deficits continue to rise.

Four Democratic States File Legally Dubious Lawsuit Against New Tax Law

New York and several other states have filed an incredibly dubious lawsuit against the Republican’s new tax law.

GOP Tax Cuts Not Leading To Increased Wages

Despite Republican hopes, the tax cuts passed by Congress in December are not manifesting themselves in increased wages.

June Jobs Growth Slightly Above Expectations, But Not Spectacular

Total nonfarm payroll employment increased by 213,000 in June and the unemployment rate rose to 4.0 percent.

Trump Wants GOP To Make His Immigration Policies The Center Of The 2018 Campaign

Donald Trump wants Republicans to make his immigration policies the centerpiece of the midterm campaign. What could possibly go wrong?

Trump and the Baby Boomers

The President continues to enjoy enthusiastic support from the over-65 set.

May Jobs Report Better Than Expected, But Still Not Great

May’s jobs report was stronger than the previous two months, but not entirely great.

Trump’s 2018 Agenda Is Non-Existent

Don’t look for a Trump agenda for the rest of the year. It doesn’t exist.

Economic Growth Beats Expectations, But It’s Hardly Impressive

The first estimate of economic growth in the first three months of 2018 beat expectations slightly, but it doesn’t bode well for the immediate future.

The GOP Is Donald Trump’s Party Now

The transformation is complete. The GOP is now the party of Donald Trump. If you’re sticking around and not speaking out against what the President represents, you’re part of the problem, not part of the solution.

Trump and Violating the Norms of Political Speech

An essay from earlier in the year by Jacob T. Levy underscores some of the points I recently tried to make about democratic norms in the current era.

Republicans Blaming Trump For Declining Support For Tax Bill

Republicans are blaming the President for the fading popularity of the tax reform law passed in December. It’s more complicated than that.

Tax Reform, Once The GOP’s Midterm Hope For Survival, Is Becoming Less Popular

Republicans have been hoping that the tax bill passed in December would help them in the midterms. That’s appearing to be less and less likely by the day.

Welcome To The Era Of Trump’s Trillion Dollar Budget Deficits

We’re set to return to the era of trillion dollar budget deficits, and Republicans won’t do a thing about it.

Republicans Worried About Political Impact Of Trump’s Tariffs And Anti-Trade Rhetoric

Trump’s tariff plan isn’t going over well in farm country, and that could cause problems for the GOP in November.

New Fed Chair Overshadowed by Trade War Rhetoric

Speaking of trade war talk…

The DJIA and a Potential Trade War

The DJIA (and other markets) are not too happy about all of this trade war talk.

Trump Finally Speaks On Stormy Daniels, Denies Knowing About Agreement

Donald Trump broke his silence on Stormy Daniels. That was a bad idea.

No, Conor Lamb Didn’t Run As A Conservative

Republicans are claiming that Conor Lamb won Tuesday’s Special Election in Pennsylvania because he campaigned as a conservative. These people are either deluded or lying.

Larry Kudlow Trump’s Next Economic Advisor

Best known as a television host, he served in the Reagan administration and chief economist of Bear Stearns.

What Pennsylvania Special Election Tells Us About November

Individual races are idiosyncratic. But there are nonetheless some lessons here.

Is Trump not that Bad?

It is a fair question. But judging the Trump administration on tax cuts, Gorsuch, and the DJIA is to ignore a lot of profound problems.

A Booming Jobs Market For February

A better than expected jobs report for February, but wage growth slowed for the month.

Kellyanne Conway Violated Hatch Act

The legal distinction between “personal capacity” and “official capacity” makes no sense for senior presidential appointees.

Gary Cohn Resigns as Trump Economic Advisor

The chairman of the White House Council of Economic Advisors is out after failing to convince the boss not to impose tariffs.

The President’s Self-Imposed Bubble

POLITICO buries the lede in making the case for “Donald Trump’s bubble presidency.”

Democrats Open Big Lead In New Generic Ballot Poll

Democrats appear to have regained momentum in the Generic Congressional Ballot.

Food in a Box!!!

The Trump Administration is seeking to overhaul the food stamps program.

The GOP Is Now The Party Of Deficits And Debt, But Then It Always Has Been

Republicans spent the eight years of Obama Administration railing against fiscal irresponsibility. Now that they have power, they’re the ones being fiscally irresponsible.

Congress Approves Budget Deal, Ends Overnight Shutdown

While most of America slept, the government was shutdown thanks to some faux theatrics by a single Senator.

Senate Reaches Budget Deal That Busts Budget Caps And Massively Increases Spending

Congress seems likely to pass a budget deal today that will massively increase spending, putting to rest once and for all the rank hypocrisy of Republicans when it comes to claims that they are “fiscally conservative.”

Live By The Markets, Die By The Markets

Donald Trump spent much of the past year touting the rising stock market, now he’s getting a lesson in reality.

U.S. Will Hit Debt Ceiling Earlier Than Expected

In addition to deadlines on the Federal Budget and DACA, Congress also has to deal with the debt ceiling at some point in the next month.

After A Year Of Unparalleled Divisiveness, Trump Tries To Sell Unity At State Of The Union

The President talked about national unity last night, but given his own rhetoric as a candidate and as a President, it’s a call that seems to be hypocritical.

A Strong, But Not Spectacular, Report On Economic Growth

The economy grew in the final quarter of 2017, but at a slower pace than earlier in the year and far slower than what the President has promised.

The Case For Bringing Back Earmarks

It’s been seven years since Congress eliminated earmarking, and what we’ve seen has provided good evidence for the argument that it should never have been eliminated.

Trump Calls On Senate GOP Go Nuclear On Filibuster. That’s Not Going To Happen

President Trump called on Senate Republicans to eliminate the legislative filibuster to resolve the government shutdown. That’s not going to happen.

One Year Later, Trump’s Job Approval At Historic Lows

One year after his Inauguration, Donald Trump is the most unpopular new President since the invention of modern polling. However, his numbers are generally the same that they’ve been for some time now.

Donald Trump Is Losing To A “Generic Democrat,” Which Means Exactly Nothing

A new poll shows President Trump losing to a “Generic Democrat.” This poll means nothing.

House And Senate Republicans Pass Tax Cut Bill

Republicans passed their tax bill yesterday. What that means for the economy and the 2018 midterms is another question.

Republicans Release Final Version Of Tax Bill, And It Appears Likely To Pass

The final version of the tax bill appears to be on track for passage, but the devil is in the details.

Republicans Say They Have a Final Tax Bill, But Senate Democrats Want A Delay

House and Senate Republicans say they have reached agreement on a final tax bill, and Democrats are engaging in an effort to delay a vote in the Senate until Doug Jones can be seated.

Trump Formally Endorses Roy Moore Despite Molestation Allegations

President Trump has formally endorsed an accused child molester for the United States Senate.

Senate Passes Tax Cut Bill On Party Line Vote

The Senate passed a tax cut bill last night, but it leaves a lot to be desired.

Fate Of Senate Tax Plan Still In Doubt

With time running out in the year, it’s looking increasingly unlikely that the Senate GOP will be able to meet its deadlines on passing a tax reform bill.

Trump Endorses Moore Despite Molestation Charges

President Trump put his thumb on the scale for Roy Moore, ignoring the allegations of harassment and sexual abuse that have been made against the candidate.