BY LEAH MCGRATH GOODMAN ON 2/10/17 AT 1:18 PM
We had Trump Vodka, Trump Airlines and Trump Steaks. Now, get ready for Trump Finance—a mix of shotgun executive orders, proclamations of instant job growth from the presidential bully pulpit and Trump’s signature verbal lynchings, aimed at select corporations via Twitter.
Following an election that was, in large part, an expression of Americans’ deep unhappiness with the economy, President Donald Trump’s promise to bring back job growth and a booming stock market appear to be somewhat at odds with the policies he’s putting in place during the first 20 days of his presidency.
In a note out this week, Goldman Sachs chief economist Jan Hatzius highlighted Trump’s travel ban and other measures in the president’s “America First” program as injecting potential “downside risks” into the U.S. economy. In fact, Trump may do real damage by making the economy into a petri dish where he experiments with taxes and import tariffs that “could deal a lasting blow to global trade, if U.S. trading partners retaliate, as we expect,” Hatzius said.
Highball: Does Trump Know Where Jobs Come From?