Economists, Business Leaders React to Trump's State of the Union Speech
Business Insider • • nation
Key Points:
- Paul Krugman criticized Trump's State of the Union address as excessively long and filled with distortions, accusing him of ignoring ongoing affordability issues and doubling down on tariffs that could worsen economic pressures.
- Ian Bremmer highlighted the speech's reflection of deep national polarization, noting the divided Congress mirrors a divided United States, with the situation worsening rather than improving.
- Bill Ackman praised Trump's retirement-savings proposal, emphasizing its potential to expand wealth-building for millions of Americans without 401(k)s or pensions and suggesting it could become a rare bipartisan success.
- Peter Schiff argued that inflation under Trump’s first year was comparable to Biden’s last year and predicted inflation could rise further in Trump's second year, indicating persistent economic challenges.
- Roger
