Friday 28 April 2017

Wonkbook: The 32-word history of Trump's first 100 days

By Matt O'Brien President Trump surprised everyone by annou... | Sponsored by Morgan Stanley
 
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President Trump with Treasury Secretary Steven Mnuchin. (Evan Vucci/Associated Press)

By Matt O'Brien

President Trump surprised everyone by announcing that he'd take a break from pretending he had a [fill in the blank] plan to pretend he had a [fill in the blank] plan, instead.

That has been the 32-word history of Trump's first 100 days. This week, those blanks are "health-care reform" and "tax reform." Last week, they were "tax reform" and "health-care reform." And the one before that, they were, you guessed it, "health-care reform" and "tax reform." The problem, you see, is that Trump doesn't know enough about what he's trying to negotiate to, well, negotiate. The result is an ouroboros of incompetence that even the most naive people inclined to take Trump's words at face value — Wall Street traders — have begun to tune out.

Read the rest on Wonkblog.


Number of the day

0.7 percent.

That was the annualized pace of economic growth in the first quarter, according to a report published Friday by the Bureau of Labor Statistics. Analysts had expected a figure in the range of 1.2 percent. Ana Swanson and Max Ehrenfreund have more.


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