Milton Ezrati is an economist, investment manager, and author. He was most recently the Chief Economist for Lord Abbett one of the oldest investment firms in the U.S. He is also the author of Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live and Kawari.
We had over 40 million Americans who had applied in the previous few weeks for unemployment insurance. That would have been an unemployment rate of about 20%. Against that 40 million who have been claiming, you’re telling me that 2.5 million many found jobs? No, I’m skeptical.
People get a sense of worth from being self-reliant. A handout bribing them to be quiet is not the way to accomplish this. That’s not economics.
In essential ways, Trump’s so-called “New Foundation for American Greatness” is no different from budgets proposed by Presidents Obama, Bush, Clinton, and just about everyone else before them going back into the mists of political time.