Conservative Economist Has 'A Lot Of Confidence' Donald Trump Would Be Bad For Wallets
HuffPost
Michael Strain sounded the alarm on the cost of living under a second Trump presidency.
An economist at the right-leaning American Enterprise Institute think-tank spelled out the negative consequence that Donald Trump’s policies may have on Americans’ wallets should the former president and now-presumptive GOP presidential nominee return to the White House.
Trump has repeatedly promised during his 2024 campaign to bust inflation.
But Michael Strain, the AEI’s director of economic policy studies, told The New York Times in an article published Saturday: “I think we can say with a lot of confidence that President Trump’s trade policies and immigration policies would result in price spikes.”
Trump’s proposal to deport between 15 and 20 million undocumented immigrants would “cause a severe supply shock to the labor market, which could increase the overall cost of living,” the newspaper quoted Strain as predicting.
Last month, the Labor Department said consumer inflation had eased slightly with prices rising by 0.3% from March to April ― compared to 0.4% in the previous month.
The GOP senator claims it was “entirely lawful” that the U.S. military launched a follow-up strike to kill survivors of its first strike in the Sept. 2 attack.
The report comes as the defense secretary is engulfed in a controversy over a “double tap” strike on an alleged drug smuggling boat.
The president's holiday-like fantasy is getting roasted by critics.
The case had frustrated authorities for years as they had failed to identify the person responsible for placing the bombs.
Sydney Sweeney entered the Fox News conversation that came to an eye-rolling conclusion.
The lawsuit accuses the Defense Department of violating reporters' First Amendment rights.
“It’s become quite a messy and toxic situation,” a Eurovision expert said.
The Duke of Sussex jabbed the president during a Hallmark-inspired comedy bit with host Stephen Colbert.
The illustrated image is... something.
“These are serious charges, and that’s the reason we’re going to have special oversight,” said Sen. Roger Wicker, the Republican chair of the Senate Armed Services Committee.
The network's senior medical analyst put an inventive twist on the president's drowsy appearance during his Cabinet meeting.
Many blasted the House minority leader's reaction to Trump pardoning a Democrat who was indicted on charges of bribery and acting as a foreign agent.
The Pentagon knew there were survivors after a September attack on an alleged drug boat in the Caribbean Sea and the U.S. military still carried out a follow-up strike.