"The president's rallying cry was aspirational for the same reason that his economic agenda is flailing: He and his party have no abiding interest in advancing an economic program that would actually benefit working-class Americans. And Trump, being Trump, has refrained from devoting any serious thought or attention to deep and lasting economic reforms. Instead, he's pushed a series of gimmicky policy responses that amount to opportunistic photo-ops at best, and cynical afterthoughts at worst."
"As President Donald Trump seeks to force the attendees of the World Economic Forum in Davos to submit to his fever dreams of imperial expansion, he also faces a more stubborn, far less operatic challenge to his grip on domestic power. The American public has turned on his presidency, chiefly because Trump has failed to deliver on his central campaign promise to make the US economy more equitable and less inflationary."
President Donald Trump sought to project populist economic priorities at the World Economic Forum in Davos while presiding over a weakening domestic political position. The American public has soured because promised policies to make the economy more equitable and less inflationary have not materialized. The Republican Party lacks sustained commitment to programs that would materially benefit working-class Americans. Instead of durable reforms, the administration has pursued gimmicky, short-term measures and publicity-driven interventions. A proposed 10 percent cap on credit-card fees, without broader banking reforms, would restrict access to credit for consumers with scores below about 740 and still only partially relieve household debt.
Read at The Nation
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