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Trump's Bait and Switch: Job Creation in the Midst of Welfare State Sabotage

Listed author(s):
  • Pavlina R. Tcherneva

President Trump's faux populism may deliver some immediate short-term benefits to the economy, masking the devastating long-term effects from his overall policy strategy. The latter can be termed "welfare state sabotage" and is a wholesale assault on essential public sector institutions and macroeconomic stabilization features that were built during the New Deal era and ushered in the "golden age" of the American economy. Starting in the late '70s, many of these institutions were significantly eroded by Republicans and Democrats alike, paving the way for the rise of Trump but paling in comparison with what is to come.

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File URL: http://www.levyinstitute.org/pubs/wp_887.pdf
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Paper provided by Levy Economics Institute in its series Economics Working Paper Archive with number wp_887.

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Date of creation: Mar 2017
Handle: RePEc:lev:wrkpap:wp_887
Contact details of provider: Web page: http://www.levyinstitute.org

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