On The Monitor this week:
Since we have passed the “first 100 days” into the Trump administration, it is time to assess two key issues:
- As a candidate Trump often said he wanted to run the country like a business. His business acumen is one of his supposed strong suits. So what exactly does “Trumponomics” mean? And can “Trumponomics” extend the economic recovery that started after the 2008 global recession?
- The Democratic Party was mired in internal conflict both before and since election day. Revelations of DNC officials doing everything they could to tip the balance in favor of a Clinton nomination are continuing to emerge. What is the current state of the Democratic Party and its efforts towards party unity?
More about this week’s guests:
Stephanie Kelton is professor of economics at the University of Missouri-Kansas City. She served as chief economist on the U.S. Senate Budget Committee in 2015 and then became an economic advisor to the Bernie Sanders 2016 presidential campaign. She was the Founder and Editor-in-Chief of the top-ranked blog New Economic Perspectives and a member of the TopWonks network of the nation’s best thinkers. In 2016, POLITICO recognized her as one of the 50 people across the country who is most influencing the political debate. Her book, The State, The Market and The Euro (2001) predicted the debt crisis in the Eurozone, and her subsequent work correctly predicted that: (1) Quantitative Easing (QE) wouldn’t lead to high inflation; (2) government deficits wouldn’t cause a spike in U.S. interest rates; (3) the S&P downgrade wouldn’t cause investors to flee Treasuries; (4) the U.S. would not experience a European-style debt crisis. She recently wrote the paper “Can ‘Trumponomics’ extend the recovery?”
Also see: “Bernie Sanders’ Economic Advisor Shreds Trumponomics” in CounterPunch.
Robert Borosage writes a weekly column for The Nation magazine and is a senior advisor of People’s Action. He is the founder and president of the Institute for America’s Future and co-director of its sister organization, the Campaign for America’s Future. The organizations were launched by 100 prominent Americans to develop the policies, message and issue campaigns to help forge an enduring majority for progressive change in America. Mr. Borosage writes widely on political, economic and national security issues. He is a Contributing Editor at The Nation magazine, and a regular blogger at The Huffington Post. His articles have appeared in The American Prospect, The Washington Post,Tthe New York Times and the Philadelphia Inquirer. He edits the Campaign’s Making Sense issues guides, and is co-editor of Taking Back America (with Katrina Vanden Heuvel) and The Next Agenda (with Roger Hickey).
“For all the urgent pleas for unity in the face of Trump, the party establishment has always made it clear that they mean unity under their banner,” Borosage wrote in a recent article. “That’s why they mobilized to keep the leader of the Congressional Progressive Caucus, Representative Keith Ellison, from becoming head of the DNC. It’s why the knives are still out for Sanders and those who supported him.”
Borosage commented that “Democrats are in the midst of a major struggle to decide what they stand for and who they represent.” And he added: “Part of that is the debate over a bipartisan interventionist foreign policy that has so abjectly failed.”