Welcome to today’s podcast, where we explore the evolution of American economic policy from “America First” to what some are calling “Sell America.”

In a recent article from The New Yorker, the author highlights significant moments from President Franklin D. Roosevelt's early administration during the Great Depression. While Roosevelt's sweeping actions aimed to restore hope, his modern counterpart, Donald Trump, has signed an impressive one hundred thirty executive orders but lacks major legislative achievements. The piece notes, “Trump's chaotic trade war has stunned an economy that was thriving when he took office.”

Consumer confidence has plummeted, nearing record lows, and economic forecasts for growth have nosedived. With Trump's tariffs causing significant price increases on imports, businesses from Kimberly-Clark to Chipotle report rising costs and stalled growth. As Cornell economist Eswar Prasad puts it, “The chaos unleashed upon the U.S. economy is unprecedented.” Investors are increasingly wary, questioning the competence of U.S. policymakers.

The article warns of a potential long-term decline in the safety and stability of U.S. Treasury bonds, a situation reminiscent of past financial crises. With three and a half years left in Trump’s term, the economic landscape could shift dramatically. As we wait to see how this unfolds, one thing is clear: the policies in place are reshaping the very foundations of the American economy.

Thank you for listening, and stay tuned for more insights on the changing tides of American economic policy.
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