Monday, August 08, 2016

2016 US Presidential Election: Trump touches on economic plan at Detroit Economic Club gathering; offers few specifics

Trump vows 'to make America grow again' in speech on economy

While Trump’s speech was billed as his economic vision for the country, he spent a large amount of his nearly hour-long address to 1,500 people at the Detroit Economic Club lashing out against Clinton, his Democratic opponent. Read More
"Trump’s speech offered a bleak vision of the American economy at odds with the nation’s low unemployment rate and slow but steady economic growth. Trump instead painted a portrait of America as a place with rising unemployment, deepening poverty, and economic weakness.

Trump offered so many policy bullet points in such rapid-fire succession that he didn’t concentrate on any to great length or explain in detail how he would pay for them. He called for increased child-care benefits virtually in the same breath as extolling law and order, or veterans benefits while bashing NATO allies." Kathleen Gray and John Gallagher, Detroit Free Press
Trump’s Big Econ Plan: Promise An Econ Plan

Donald Trump gave a major economic speech on Monday that offered next to no major details about how his economic policy would “Make America Grow Again.” Read More
"Trump spoke for roughly fifty minutes, during which time he was interrupted by protesters on fourteen separate occasions. He made lofty promises and offered harsh criticism of his Democratic opponent, Hillary Clinton, but like so many of Trump’s public remarks, a close inspection of what he said revealed his words to have little meaning, or to be demonstrably false."

"Although he talks with the help of a teleprompter now, just like those career politicians he hates, Monday’s economic speech was proof that Trump hasn’t changed much during his fourteen months as a candidate. He remains big on drama and short on details." Olivia Nuzzi, The Daily Beast
Trump aims to 'jump start' America with new tax plan

Republican presidential nominee Donald Trump plans to "jump start" the US economy by suspending new regulations and cutting corporate taxes. Read More
"Donald Trump delivered a boilerplate conservative economic speech with a Trumpian twist, grafting his opposition to trade deals and support for expanding childcare deductions onto more traditional calls for lower taxes and reduced regulation.

With Mr Trump haemorrhaging support among white-collar Republicans, his efforts seem aimed at attracting these business-friendly conservatives while keeping his working-class supporters happy. It is a fine line to walk.

Conservative bean-counters may wonder how Mr Trump plans to pay for his proposals. And when he promised to renegotiate Nafta and possibly provoke a trade war with China, the audience of Detroit-area businessmen offered only tepid applause.

Mr Trump's blue-collar supporters may question whether ending an estate tax that only applies to inheritance over $10m (£7.63m) per couple should be a priority. They may also notice that the campaign's list of economic advisers is heavy on billionaire donors with Wall Street ties.

Mr Trump was most passionate about his economic nationalist message, concluding with a rallying cry for American workers to do American jobs. It's a pitch that may work in the industrial Mid-west. The test will be whether he can stay on message in the coming days and make the case for Trumpenomics."Analysis: Anthony Zurcher, BBC North America Reporter
Five takeaways from Trump’s economic address

Donald Trump outlined his vision for the nation’s economy Monday in a speech to the Detroit Economic Club that also seemed designed to reassure Republicans after a difficult stretch for the GOP presidential nominee. Read More
"Monday’s speech was billed as a major economic address for Trump as he laid out his ambitious agenda for the country. But while Trump promised ground-shaking action to make America dominate on the global stage, he was less precise when it came to explaining exactly how he would accomplish it.

Multiple times throughout his remarks, Trump said that the details of his policy plans were still not public and would be fleshed out in the coming days. That includes his plan for tax reform, how he would repeal and replace ObamaCare and how he will help Americans address growing child care costs.

Meanwhile, Trump pulled his own tax plan from his website before his remarks and has yet to put up an alternative.

Trump did not bring up other policy pitches that he has made in the past — including raising the federal minimum wage to $10 per hour or his vision for a $500 billion investment in the nation’s infrastructure.

He also failed to detail how his policy ideas would be paid for, lest they add to a national debt that he lamented had doubled under President Obama." Peter Schroeder, The Hill
Trump Sells His Economic Plan, but Questions Still Linger

The GOP nominee dedicated much of his economic policy speech Monday to bashing the status quo. Read More
"Though Trump spoke for nearly an hour, details were still at times scarce. A comprehensive plan is expected to be released in the near future, but while Trump asked viewers to look at his campaign website for a more complete breakdown of his proposals, the campaign appeared to have taken down the page dedicated to his tax ideas as of Monday afternoon.

Earlier analyses of Trump's tax proposals have been less than flattering, but it's worth noting that Monday's discussion included significant changes to his previously announced policies. His top tax rate is now believed to be 33 percent – up from an initial 25 percent proposal. And the child care tax deduction hadn't previously factored into his plans.

All told, Trump sold himself Monday not necessarily on his own ideas but on the fact that he is not aligned with Obama and Clinton. His economic appeal isn't as much about what he'll do as it is that he'll do it differently than the status quo." Andrew Soerge, US News & World Report
Fact-Checking Donald Trump's Economic Speech in Detroit

Here are the facts — and falsehoods — behind Republican nominee Donald Trump's economic address in Detroit this afternoon. Read More

FACT CHECK: Donald Trump Unveils His Economic Plan In Major Detroit Speech

Below is Trump's speech in its entirety, with annotations and fact-checks from NPR's team of political and economic reporters. Read More

The Trump Remains the Same

The cycle of Trump isn't stopping, so GOP'ers should get ready for his next explosion. Read More

50 top GOP officials: Trump would 'risk our country's national security'

Donald Trump's effort to appeal to establishment Republicans suffered another setback on Monday as 50 senior GOP national security officials warned in a new letter that Trump would "risk our country’s national security and well-being.” Read More

50 Republican National Security Officials Eviscerate Trump In Open Letter

Trump “would be the most reckless President in American history,” they write. Read More

Republican security experts rail against Trump in open letter

An open letter signed by 50 Republican national security experts warned that party nominee Donald Trump "would be the most reckless president" in US history. Read More

Republicans warn Trump: Right the ship or lose Senate

Republican leaders are watching Donald Trump's campaign with growing alarm as they fear a landslide at the top of the ticket could wipe away their hard-fought congressional majority. Read More

Evan McMullin: Who is the new anti-Trump Independent candidate?

Former CIA agent Evan McMullin has launched an independent campaign for the White House with support from members of the Never Trump movement. Read More

McMullin officially launches presidential bid

Evan McMullin officially launched his independent presidential bid on Monday afternoon with swipes at Donald Trump and Hillary Clinton. Read More

Evan McMullin Can’t Beat Donald Trump, But He Can Make Sure He Loses

Backed by Mitt Romney’s moneymen, newly minted presidential candidate and actual conservative Evan McMullin appears to have one aim: stopping Donald Trump. Read More

Poll: Clinton leads by 13 points among likely voters

The poll result’s significance lies both in his magnitude of Clinton’s lead but also the timing. Read More

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