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Stagflation Would Blow Up Trump’s Second Term

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Heather Long: “President Donald Trump is pushing the economy to a breaking point with sweeping tariffs and rapid cuts to immigration and the federal workforce. There is growing fear of not just a recession but stagflation, a frightful situation — not seen in the United States since the 1970s — in which the economy contracts and people lose jobs but prices remain high.”

“This is a self-inflicted wound from Trump. Many of his economic advisers, including Larry Kudlow and Stephen Moore, are urging him to show restraint on tariffs. But Trump is set to unleash the biggest increase in tariffs since the Depression era on Wednesday. He’s calling it ‘Liberation Day.’ It may turn out to be Stagflation Day.”

Ed Kilgore: “For all his success in imposing his will on the federal government, Donald Trump may be deliberately engineering his own political downfall by mishandling the very job he was most certainly elected to perform: stewardship of the economy.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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