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Home / Mike Norman Economics / Trump Promised A Break With GOP Trickle-Down Economics. He Delivered More Of The Same. The president is paying a political price for pursuing conventional Republican economic policies. — Daniel Marans

Trump Promised A Break With GOP Trickle-Down Economics. He Delivered More Of The Same. The president is paying a political price for pursuing conventional Republican economic policies. — Daniel Marans

Summary:
Trump can thank his inability or unwillingness to challenge traditional Republican ideology for his consistent polling deficit against Democratic nominee Joe Biden during this year’s election cycle, according to Saagar Enjeti, co-author of “The Populist’s Guide to 2020: A New Right and New Left Are Rising.” Enjeti ― who, like Krein, identifies as a right-wing populist ― believes that pro-corporate, trickle-down economics has been an especially tough sell amid the destruction caused by the coronavirus pandemic and the economic recession that has come with it. “Trump became a real Republican at the very worst time ― a time when Republican orthodoxy could not be less wanted by the American people,” Enjeti said. “That is why you see such devastation in terms of his public support ― even among

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Trump can thank his inability or unwillingness to challenge traditional Republican ideology for his consistent polling deficit against Democratic nominee Joe Biden during this year’s election cycle, according to Saagar Enjeti, co-author of “The Populist’s Guide to 2020: A New Right and New Left Are Rising.”

Enjeti ― who, like Krein, identifies as a right-wing populist ― believes that pro-corporate, trickle-down economics has been an especially tough sell amid the destruction caused by the coronavirus pandemic and the economic recession that has come with it.

“Trump became a real Republican at the very worst time ― a time when Republican orthodoxy could not be less wanted by the American people,” Enjeti said. “That is why you see such devastation in terms of his public support ― even among people who supported him last time.”...

"Are you better off than four years ago," is the relevant question politically, and if not, who gets the blame? 

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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