Spent most of the Trump presidency pushing for more aggressive fiscal and monetary policy to tighten labor markets. Caught some flak for it, especially when this ( https://www.nytimes.com/2019/06/12/business/economy/federal-reserve-rates-employ-america.html) came out. One serious person (not a troll) said I would help bring Nazism to America (1/x) https://twitter.com/sam_a_bell/status/1328417498576850944
And that the Trump team was using that NYT headline - "Trump Isn’t Alone. These Millennials on the Left Want Low Interest Rates, Too" - to justify his destruction of the Fed. (I don't think that was ever the case). Plenty of other people said "why help Trump?" (2/x)
The answer of course is that you can't achieve your mission of sustained tight labor markets if you are looking to screw every other POTUS by tanking the economy. (3/x)
And by and large most D's in congress - from AOC to Denny Heck - supported Powell's push for full employment and the Fed rate cuts. (4/x)
But if Republicans confirm poison pill Fed officials like Judy Shelton - people who are transparently uber hard money for D presidents and the most dovish Fed officials for R presidents - you are going to lose people of good will like me. (5/x)
It is completely unsustainable arrangement. (6/x)
Trump did not wave a pro-worker magic wand and give us 2019 tight labor markets. They were a product of many institutions - including progressive ones - pushing. If you want those folks to be there next time, you can't poison the well the moment you lose the White House. (7/7)
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