Economy

Trump, Who Knows Nothing About Economics, Demotes Economic Advisers

JM Ashby
Written by JM Ashby

A man who would call up Michael Flynn at 3 a.m. to ask if a stronger or weaker dollar is "better" probably shouldn't demote his economic advisers, but that's exactly what Trump has done.

The Wall Street Journal reported yesterday that Trump has effectively demoted the White House Council of Economic Advisers (CEA) and the council's chairman won't be a member of the cabinet.

The diminished stature for the CEA, which was part of President Barack Obama’s cabinet and has advised presidents for over seven decades on the economic impact of their policies, means Trump will likely rely more heavily on other advisers, such as Gary Cohn, the former Goldman Sachs president who is head of the National Economic Council, and Peter Navarro, the trade critic who is leading the National Trade Council.

If I were Cohn or Navarro I would be discouraged because this means Trump will probably dial them at 3 a.m. at some point.

Snark aside, Trump's retreat inward will further reduce the already paltry diversity of opinion afforded to him and increase the likelihood that his administration will fuck things up.

For Trump's cabinet members, this also means the buck will stop with them, because we all know nothing is ever Trump's fault. His cabinet members will be held singularly responsible for things that go wrong.

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  • muselet

    Donald Trump is proudly, aggressively ignorant. At the same time, he has absolute confidence in his decision-making abilities.

    Therefore, firing/demoting/silencing/ignoring people who are experts on a topic is to be expected. They’ll only bore him with information he doesn’t need because he trusts his gut.

    Heaven help us if he misinterprets a bit of gas as a decision to nuke Beijing.

    –alopecia

    • stacib23

      I have long held the opinion that he won’t keep these folks around because he has no idea at all what the hell they are saying. It probably sounds like a foreign language to him when the conversation turns to economics that don’t just relate to him personally. We are doomed.

      • muselet

        Donald Trump is terrified someone will make him look bad (Weak! Sad!), and the people most likely to do so are those who know stuff he doesn’t, which would appear to be the entire vertebrate population of the planet.

        Unless something truly remarkable happens, yeah, we’re doomed.

        –alopecia

  • Aynwrong

    I am desperately hoping that the only people harmed by the economic decisions that this idiot makes are somehow only the idiots who voted for him. I know it doesn’t work that way. I’m not sure what else to hope for.

  • ninjaf

    When all of the economists say your policies will drive the economy off a cliff, just get rid of ’em. Problem solved!

  • He really is following the playbook of the Third Reich, isn’t he?