I am encouraged by the reported Senate reaction (Politico) to the latest salvo in the trade war, the agriculture department's announcement to ramp up Roosevelt-era farm subsidies to offset the Administration's tariffs.
There are many reasons to be optimistic about America’s future. Our nation’s success has propelled us into global prominence, but to remain successful we need to maintain our exceptional economic position. If we lose it, we will be losing more than the right to claim that we are the land of opportunity.
American workers have always been industrious, leading to long-term growth and prosperity. The American spirit is one of self-reliance and individual drive to improve our financial situation, and it hasn’t wavered much even after centuries of increasing our standard of living. Long-term investments in education and a willingness to move for economic opportunities helped America succeed.
The tight labor market has stressed out fast food managers, trucking executives, and other managers. But it's a boon for other working Americans who want a pay raise, according to a Wall Street Journal article published on July 4.
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.