If Trump Doesn’t Do This, We Will Have the Great Depression 2.0

No matter who won the presidency, the economic way forward was not going to be easy. The Republican team understands they must “stand and deliver.” But as we will see, that is not going to be easy.
I’m going to depart from the normal format, where I talk about the economic realities we face and how we should invest, and instead offer my view of what I think the Trump administration and the GOP-led Congress should do.
But first, let’s look briefly at where we are now—at the constraining facts that any economic proposal must take into consideration.