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None of this is to say that the economy in America is perfect, but the malady afflicting the American workforce in the wake of the Great Recession is one of morale.
Trump’s voters believe, with good reason, that Washington’s elites don’t care about them, so they demand from Washington a gesture in acknowledgment of their plight. But appeals to emotion, however compelling, can give birth to terrible policy.
Judging by Trump’s first months in office, many of these Republicans have reached an accommodation with the new political reality.
Without echoing Trump or the alt-right, they’ve backed away from defending or advancing conservatism.
The official unemployment rate today is 4.5 percent, lower than at any point since June 2007.
At 63 percent of the eligible workforce, the labor-participation rate is improving, albeit slowly.
In late April, the NASDAQ closed above the 6,000 mark for the first time in history.
Sober-minded conservative Republicans are obliged to take their ideas back.
Those are: In broad strokes, Donald Trump has embraced self-described socialist Bernie Sanders’s proposal for a 13-figure infrastructure project focused on rebuilding the nation’s roads, bridges, and airports. “Sometimes you have to prime the pump,” Trump told Time. It was the same logic that led to Barack Obama’s 0 billion effort to stimulate America’s moribund economic engine in 2009.
In some respect, the Trump administration is an opportunity for conservatism.
Where past presidents could be relied upon to guide the development of the movements they came to lead, Trump’s lack of ideological convictions suggests that he may be more reliant on the conservative movement than the movement is on him.