President Trump’s Advisors & Democrats Agree: Wait Until Next Year

News Snapshot:

President Donald Trump’s’ economic advisors and congressional Democrats are sending similar messages. The president’s aggressive policies—tall tariffs, tough immigration policies, and slashing the Affordable Care Act and Medicaid—squeeze working Americans by boosting inflation and slowing wage and jobs growth. Grocery prices are soaring, and inflation for basic services—everything from fixing cars to Microsoft Office annual subscriptions—show little sign of slowing down. Premiums for health insurance purchased on the ACA exchanges could double with the end of COVID-era subsidies. Fewer foreign workers should mean better jobs and wages for key constituencies—young people and lower-income workers—who helped reelect Trump. But artificial intelligence...