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Institutions & Governance
“The business of America is business.”
This common misquote from Calvin Coolidge is often used to paint the former Roaring ’20s-era president as a one-dimensional advocate of business. In reality, his full quote (see below) was the much more nuanced observation that America enjoys a broad-based business culture that permeates great swaths of society.
The House Republicans have put forward the first of a three-part effort to repeal and replace the Affordable Care Act (ACA).1
In this first step, many (perhaps most) of the ACA benefit-related provisions are maintained while most of the taxes levied to fund the ACA are eliminated.
President Trump’s first week in office was marked by a blast of executive orders; revisions in the permanent National Security Council membership with the addition of Steve Bannon and the relegation of Chairman of the Joint Chiefs of Staff, General Dunford, and National Intelligence Director designee, Dan Coats, to occasional visitors; and bold statements about import tariffs and the Mexican wall.
Despite conventional wisdom, winners and losers in the post-2008 housing price recovery were not a bellwether for 2016 election outcomes.
With the U.S. economy waning and frustration running high, both candidates’ economic plans are wide of the mark.
The Fed is historically reluctant to raise rates close to a presidential election.
Political promises divert economic value from the market benefits of competition and consumer choice.
Donald Trump has won the lowest share of total primary votes of any non-incumbent U.S. presidential nominee in the last 40 years.
Trump fills a gaping void in angst-ridden Middle America. President? Not so much!
Millennials are now the largest voting-eligible generation, but their impact will be determined by voter turnout.
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