The important thing isn’t whether the president is popular or not, but whether the candidate's popularity is rising or falling when people go to the polls. Pennsylvania will be the most critically important in determining our next president. And results will boil down to turnout in a few counties.
Just a few weeks ago, expectations were strong that an agreement ending the war, or at least putting it on hold, was imminent. But suddenly a number of darker scenarios seem possible, even one in which we suffer a recession.
Last year’s growth was temporarily juiced up by deficit-financed tax cuts. That is, the U.S. Treasury borrowed hundreds of billions of dollars more from global investors to cut a big check to corporations and mostly high-income and wealthy households.
Picking a fight over steel and aluminum distracts attention from the real battleground with China: intellectual property rights, including in high-technology and financial services, movies and music. We need to make sure the Chinese play fair on those issues.