Undercurrents Vance Ginn: I worked for Trump — but his tariffs will fail
Apr 1, 2025
Vance Ginn, an economist and former chief economist at the White House Office of Management and Budget, critiques Trump's tariff policies, arguing they promote an 'America Last' economy. He discusses how tariffs may harm workers and lead to rising prices. Ginn emphasizes the need for pro-growth strategies that prioritize private sector vitality over government intervention. He also examines the disconnect between market growth and the everyday financial realities faced by Americans, advocating for policies that provide direct benefits to individuals.
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Tariffs' Ineffectiveness
- Tariffs are not effective for boosting manufacturing or reducing trade deficits.
- Automation and high taxes/spending are bigger factors in Rust Belt job losses.
Automation and Government
- Automation was accelerated by high government spending and taxes, not just trade.
- Job training and apprenticeships are better solutions than government programs.
Fiscal Conservatism
- Vance Ginn advocates for fiscal conservatism and reduced government intervention.
- He suggests cutting income taxes and promoting pro-growth policies.