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President's Marginal Economic Leverage
- Presidents move the economy mostly at the margins because technology, globalization, and consumer tastes drive the big trends.
- But presidents strongly influence regulatory and administrative policy that can meaningfully alter business expectations and outcomes.
Coordinate Allies Before Tariff Escalation
- To confront systemic trade abuses, coordinate allied nations rather than relying solely on unilateral tariffs.
- Use collective negotiation in forums like the WTO to address intellectual property theft more effectively.
Gridlock Fueled Executive Expansion
- Gridlock in Congress pushes presidents toward executive action and unilateral measures.
- Removing the filibuster for confirmations also amplified presidential power over appointments and the judiciary.