Theres no reason that both forces couldnt matter; in fact, both did. This debate isnt merely an academic curiosity. The role of economics in the election matters politically: for Trump, because voters may turn on him if he doesnt deliver on his economic promises, and for Democrats, because they will struggle to win back the White House if they dont find ways to speak convincingly on these issues. And it matters in terms of policy: Trumps economic plans may not make much sense , but the problems identified by his supporters are real. Manufacturing jobs really have disappeared , and we havent yet found a source of similarly stable, well-paying jobs to take their place. Wages really have stagnated for much of the past 15 years, and economic mobility, at least by some definitions, really has fallen . College costs really have risen , and our retirement system really is broken . Until politicians and policymakers find ways to address those issues, economic anxiety and its political consequences isnt likely to go away. Still waiting for a CEA chair Trump has announced nominations for nearly all the top posts in his administration. One of the last vacancies: chair of the Council of Economic Advisers, traditionally (though not always) one of the presidents most influential consultants on economic issues.
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