| By Matt O'Brien There's a reason Wall Street gets paid the ... | Sponsored by Qualcomm | | |  | | | | The latest economic and domestic policy from Wonkblog | | | | |  (Michael Nagle/Bloomberg) By Matt O'Brien There's a reason Wall Street gets paid the big bucks. It's that it only took it six months to figure out that President Trump doesn't always do what he says he will. Actually, that's giving Wall Street too much credit. It never did reach that realization on its own. It took the almost daily revelations of potentially impeachable offenses for Wall Street to completely come to terms with the fact that Trump may not be able to deliver all the tax cuts and infrastructure spending and deregulation—oh my!—that it had been counting on. Or, as CNBC commentator and supply-side enthusiast Larry Kudlow succinctly put it, "None of Trump-Comey events help tax cuts." That's clear enough in the way the dollar has given up all of its post-election gains. That, you see, may be the best barometer for how much Wall Street believes Trump's promises—or doesn't.
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