The GOP has shown once again that, as Dick Cheney once said, “Reagan proved that deficits don’t matter.” As a result, we now know that my prediction for the economy was right; we will have “Funhouse Reagan,” not “Reverse Robin Hood.”
The remaining question is, will “Funhouse Reagan” evolve into “Trade Warrior?” Fortunately, Trump’s fixation with the stock market has prevented him from engaging in any real trade wars yet. There’s no guarantee that will continue.