Despite positive economic indicators like a high share of Americans expecting economic growth and falling job claims, Republican lawmakers express anxiety about the Trump administration. The article highlights a sense of unease and a return to the chaos of the first term. While economic indicators show improvement, the impact of federal workforce reductions and potential labor market shifts remain uncertain.
It’s the best of times and the worst of times.is up ten points to 35 percent, and the share who say they expect higher economic growth—53 percent—is the highest since 2005.over the next six months, the highest in Gallup surveys going back to the turn of the century. The share expecting inflation to go up is the lowest it has been since 2003, while the share expecting lower interest rates is the highest since right after the 9/11 attacks in 2001.
Republican lawmakers, including those most supportive of the president, are beside themselves with anxiety. When you speak to them—off the record, between friendly acquaintances—and ask how it’s going, they shift, look off, shrug:. A GOP senator who supports the president had a blanched look. “He doesn’t do anything to make it easy,” he shrugged.
What is the meaning of the averted eyes and anxious faces? It means Trump 2.0 isn’t better. It means for all the talk of the new professionalism in the Trump operation, they have to get used to the chaos again and ride it, tempting the gods of order and steadiness. After one week they concluded the first administration wasn’t a nervous breakdown and the second isn’t a recovery; instead, again they’re on a ship with a captain in an extended manic phase who never settles into soothing depression.
To the extent that there’s any larger economic impact from these reductions in the federal workforce, this should have a. Those who find work in the private sector will be adding to the supply side of the economy. Those who cannot find gainful employment will subtract from the demand side. It could also alleviate some of the tightness in the labor force, providing relief to employers who say they are having trouble finding skilled workers.
TRUMP REPUBLICANS ECONOMY LABOR MARKET FEDERAL WORKFORCE
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