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‘I own the store’: Trump seeks a direct role in the economy
The Washington Post ^ | Naftali Bendavid

Posted on 05/18/2025 9:50:48 AM PDT by E. Pluribus Unum

From prices to tariffs to dealmaking, Trump’s involvement in economic issues prompts both frustration and applause.

President Donald Trump is trying to force down drug prices to specific levels. He has directed tariff rates on virtually every country. He declared that the Federal Reserve “must” lower interest rates. He takes a personal interest in the fate of individual companies like TikTok. He appears frequently with CEOs to tout investment deals, including many that were hatched before his presidency.

And in his just-concluded Middle East trip, Trump pitched business leaders on doing business in America for one big reason: his personal involvement in the U.S. economy. “There’s no better place to make a future or make a fortune — to do anything, frankly — than what we have in the United States of America under a certain president, Donald J. Trump,” he said. “I have the right attitude.”

In the opening months of his second term, Trump has taken an unusually direct and high-profile role in attempting to manage the sprawling American economy — an approach that could bring him enormous benefits if it thrives or danger if it stumbles. It’s a departure from decades of Republican orthodoxy and arguably from Trump’s own history; during the 2024 campaign, he called Democrat Kamala Harris a communist and a Marxist because her vow to tackle price gouging could have led to price controls.

As president, Trump is not hesitating to issue dramatic economic proclamations or edicts. “In this administration, policy decisions seem to be made only based on the president’s personal views, not after systemic analysis,” said Douglas Elmendorf, a former director of the Congressional Budget Office and a top economic official under President Bill Clinton.

“The president of our country is not the CEO of...

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS:

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1 posted on 05/18/2025 9:50:48 AM PDT by E. Pluribus Unum
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To: E. Pluribus Unum

Did he really say that?

I’d eat it up.


2 posted on 05/18/2025 9:52:21 AM PDT by DIRTYSECRET
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To: DIRTYSECRET
Did he really say that? I’d eat it up.

It appears that he has.

https://search.brave.com/search?q=trump+%22i+own+the+store%22&source=desktop


3 posted on 05/18/2025 10:01:24 AM PDT by E. Pluribus Unum (Democrats are the Party of anger, hate and violence.)
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To: E. Pluribus Unum

He, also, did something else that political presidents haven’t been doing for a long time, He has changed the thought process of what a president does from a political ornament, to a business atmosphere effecting the welfare of the people and not standing on a pedestal to be worshipped. He got his hands dirty and selected people around him willing to take the hit and do what was for the people, not the government. And that’s the real contribution Trump has provided and scared the liberals to death their toy would be taken away and replaced with achievement and prospering. And the liberals are trying like hell to stop him and can’t find a way without making themselves look like the southern part of a northbound pack horse.

wy69


4 posted on 05/18/2025 10:03:10 AM PDT by whitney69
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To: whitney69

He is the closest thing to a modern-day Andrew Jackson, with all that it entails. Ironically he is still considered as the “Father of The Democratic Party”.


5 posted on 05/18/2025 10:05:10 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator
He is the closest thing to a modern-day Andrew Jackson, with all that it entails.

Which is why Trump is not a traditional Republican.

He is forced to adopt some Conservative issues in order to get elected.

6 posted on 05/18/2025 10:08:03 AM PDT by MinorityRepublican
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To: E. Pluribus Unum
"He appears frequently with CEOs to tout investment deals, including many that were hatched before his presidency."

That seems to be the latest talking point; I saw the same claim on the front page of my local newspaper yesterday. After weeks of saying Trump's policies will destroy the economy, they have to explain the good economic news by giving someone else credit for it.
7 posted on 05/18/2025 10:27:53 AM PDT by Steve_Seattle
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To: dfwgator

He is the closest thing to a modern-day Andrew Jackson“

So far there is one glaring difference. Trump in his 4+ years as president has not openly defied a court order. I think he considers it the nuclear option. He may yet do it but it will be on a hill he is willing to die on.


8 posted on 05/18/2025 10:30:43 AM PDT by iamgalt
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To: dfwgator

He is the closest thing to a modern-day Andrew Jackson, with all that it entails.


The reaction to Trump mirrors the establishment’s reaction to Jackson’s election; shock and outrage. And Trump’s reaction to the establishment is similar to Jackson’s, especially in this second term. From the start Jackson knew what he was up against, I don’t think Trump realized that in his first term.

The Whig Party was really just the anti-Jackson party, and when he died, so did it.


9 posted on 05/18/2025 10:35:27 AM PDT by hanamizu ( )
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To: E. Pluribus Unum

The WaPo still trying to push the “dictator” meme.


10 posted on 05/18/2025 11:40:47 AM PDT by phil00071
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To: E. Pluribus Unum

I always predicted it would be a Republican who gave us a centrally planned economy.


11 posted on 05/18/2025 11:46:35 AM PDT by GrootheWanderer
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To: MinorityRepublican
Which is why Trump is not a traditional Republican.

Thank God. For decades the Republican party, the disciples of deceit, have been a huge part of the problem. Backstabbing corrupt weasels would be an appropriate definition of those insiders.

12 posted on 05/18/2025 11:49:42 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: iamgalt
I think he considers it the nuclear option. He may yet do it but it will be on a hill he is willing to die on.

He will probably do it on illegal immigration and suspend habeas corpus because the SCOTUS is going to refuse to cooperate.

13 posted on 05/18/2025 12:04:37 PM PDT by MinorityRepublican
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To: whitney69

Check


14 posted on 05/18/2025 1:20:57 PM PDT by Vaduz
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To: whitney69

Great comment, whitney! You’re right.


15 posted on 05/18/2025 1:36:59 PM PDT by poconopundit (Kash Patel, his portrait's in Webster's next to the word "gangbusters". Go Kash go! Love ya man!)
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To: poconopundit

“Great comment, whitney! You’re right.”

Hell, I thought it was obvious. But until the media gets called on the carpet for the way they handle stories (lies), the sheep will continue to graze in the provided corral. It has been ingrained into people to get by with the least resistance because they’ve been taught they can’t challenge city hall. Trump did, so it can be done. And this is the latest version by the fourth estate in their efforts of don’t ask, don’t tell.

wy69


16 posted on 05/18/2025 2:07:39 PM PDT by whitney69
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To: dfwgator

“He is the closest thing to a modern-day Andrew Jackson...”

Good comparison. Jackson was a figure who challenged the established order and was often viewed as a rebel by his opponents. He broke from the elite political establishment and appealed directly to the common people, a move that was seen as unconventional and even radical at the time. Now it is considered the saving of the country by many, me included. But unfortunately too many of Trumps so called party are the ones doing it as they have become some of the sheep or small time shepherds that have no pelotas and won’t step up.

Did you know Jackson was the only president ever to be a prisoner of war?

wy69


17 posted on 05/18/2025 2:16:49 PM PDT by whitney69
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To: GrootheWanderer

Centrally planned economy?

Hardly. President Trump is merely pushing for American jobs.

If a company wants to take advantage of the world’s biggest contiguous market across 50 states, then they need to pay a small fraction to kept America’s supply chain alive and prosperous.

Look at the Japanese automakers, Toyota and Honda. Both are making massive investments in factories inside America. Great. But nobody is forcing those automakers to invest.

And why should China control the manufacture of vital medicines? President Trump is laying down the law, but it’s only after his predecessors did nothing about the world ripping the American people off.


18 posted on 05/18/2025 5:19:57 PM PDT by poconopundit (Kash Patel, his portrait's in Webster's next to the word "gangbusters". Go Kash go! Love ya man!)
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