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Friday, 19 May 2017 06:19

The Economy on a Political Hold

Written by  Dan Celia

In the midst of all the raging political controversies, we continue to see European markets affected by headlines screaming that President Donald Trump is driving economic uncertainty. Meanwhile, here in the U.S.

, we see such news stories about markets being weary of political uncertainty or that scandals surrounding the Trump administration—not alleged scandals, mind you—are hurting the markets.

Is it really uncertainty if it appears and is gone in the same week? I guess that’s the nature of uncertainty.

In the meantime, however, we should be very concerned that nothing seems to be getting done in Washington. Hence, my Townhall column last week that asked, “Where’s the Tax Reform?”

Interestingly, in a press conference Wednesday morning, House Speaker Paul Ryan talked about all the things that are getting done in Congress. He mentioned the negotiations moving forward with the repeal and replacement of Obamacare, and talked about the House Ways and Means Committee cobbling together tax reform, infrastructure legislation and other pressing matters.

But Ryan left out one very important aspect of the current political environment—namely, that no one will work very hard on anything that would give an appearance of supporting President Trump, not in the middle of all of this political turmoil.

Read more at TownHall

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