Page 32 - Michael Strain News Today

Some Republicans who once scolded about fiscal austerity are now embracing government spending, underlining that the public supports more generous relief.

End of an era: Champion of programs for the poor retiring Albert Hunt, opinion contributor © Center on Budget and Policy Priorities (CBPP) End of an era: Champion of programs for the poor retiring At the start of his administration, Bill Clinton was strategizing with top economic advisers Bob Rubin and Gene Sperling. Rubin, who had been co-chair of Goldman Sachs, was no stranger to Washington but wondered: Who was this Bob Greenstein they kept citing? On programs affecting po...

2020 was the year the jobs went away. But when will they come back? Ben Popken © Provided by NBC News The pandemic cleaved its way through the jobs market this year, carving a wide divide between the businesses that boomed during the crisis and those who were crushed by it. Over 22 million jobs disappeared at the start of the pandemic. Only 12 million have been recovered, leaving another 10 million to go — and the pace of improvement has slowed to a crawl. So where did all t...

Example, and make sure those companies cannot do business in the united states. make sure those companies cant do business in countries we are allied with. so you want some aggressive but targeted action. the problem with the presidents doing is two-fold, its not targeted towards bad behavior and hes antagonizing our allies rather than building a coalition. so its ill-conceived and ill-executed. >> michael, good to talk to you as always. the director for economic policy at the american enterpris...

Doing to businesses, according to my next guest. in a bloomberg opinion column, a columnist michael strain writes, quote, businesses seem increasingly convinced that he and does the understand the basics of international economics. with such a tenuous grasp on the facts of the situation, how can he make predictable policy? how can businesses anticipate what he will do? of course, if businesses are feeling more pessimistic about the trade war, they may not just delay investments in hiring but cut...

Lets see where the market goes. to the final point of what were watching in the new year, theres so many things to watch and i think washington will be first and foremost. its been a rocky two years and this market has sort of been moving along with the update that is we get from the white house. >> all right. michael, jackie, thank you both. still ahead, who emerges from a long list of 2020 democratic hopefuls might come down to one thing above all else. well tell you next. gentle means every...

Pace of economic growth, you know, growing in excess of that pace. we have very low unemployment. very stable and relatively low rates of price inflation. you know? so the economys saying things are looking great. same time, the market is going to close down for the year. all the gains from 2018 will be gone and that kind of conflicting story about how the economys doing, i think, is also playing a role in what were seeing in equity prices. >> what happens, michael, here, if -- lets talk -- i sp...

And s&p down 9%. an unbelievable week. joining me live now, michael strain at the american enterprise institute and a columnist and with us, jackie deangelis. jackie, we have been watching the numbers obviously all week. whats driving the markets today? >> good afternoon to you. well, you gave a great recap. >> oh, thanks. >> to say this is a volatile week is a biggest understatement ive heard and i have been doing this for quite sometime. whats happening is volatility is being driven by the unc...

Its a problem. theres no doubt about it. we should be very clear that adding to the debt makes a growing problem worse. but this is not the kind of armageddon scenario were hearing. >> adding to the debt because youve got a recession and adding stimulus is one thing. adding to the debt to finance a corporate tax cut while liberals and conservatives both agree fixing the corporate tax code is important. we just find it hard to understand because the stock markets at record highs, interest rates a...

Helps, you know, americas most vulnerable. republicans have said theyll work to have medicare not touched. in order for that to happen, they need a separate bipartisan bill. lets bring in michael strain from the american enterprise toou constitute. theres no doubt this is going to blow a hole in the deficit. even if you are wildly bullish, if you support trickle down economics, is it not at least a risk to have bullish assumptions tied to the fact that the treasury department is saying gdp growt...