Boy, I'll tell you what folks: the verdict is in on Trump's exceptionally ill-advised decision to pile fiscal stimulus atop an overheating economy amid a deficit-funded tax cut. And the verdict is "guilty" - of being stupid.
Of course being "smart" isn't something anyone but Trump has ever accused Trump of being, so this comes as no surprise. We've written voluminously about what's going on here and how it fits in with the necessity of keeping his nebulous promise to his base.
Consider, for instance, these excerpts from a piece we penned for Dealbreaker on Tuesday:
The problem here is glaringly obvious. Steady-as-she-goes growth is not only not acceptable under MAGA, it’s explicitly forbidden. There is nothing “great again” about growth that’s less spectacular than it’s been in the past. Growth that’s lower than yesteryear is the exact opposite of “great again” if you equate “great” with growth.
So come hell or high deficits, Trump is going to restore that bygone era of American “greatness” and in his Simple Jack world, that’s as “easy” as tax cuts and fiscal stimulus. And you know, if we weren’t where we are in terms of the cycle and we
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