“Come back Steve Mnuchin I miss you Steve Mnuchin,” one user wrote in early March.
“Steve Mnuchin was the best Trump 1 cabinet member.
It almost makes up for suicide squad,” wrote another.
“Mnuchin didn’t do anything mental and now he’s viewed with nostalgia,” wrote another.
When COVID-19 swept in, he was instrumental instriking a deal with Congressto deliver economic relief.
Throughout his tenure, he kept everybody calm about the debt ceiling.
Mnuchin was the guy who reassured markets everything was going to be all right.
He just defended tariffs by saying cheap goods aren’t part of theAmerican dream.
In the internet’s collective imagination, Steven Mnuchinwould never.
Wall Street’s approach to Trump has long had an element of wishful thinking to it.
He’s focused ontariffsand has been announcing, delaying, and reinstating them at a breakneck pace.
When he was elected, many observers believed tariffs were largely going to be a negotiation tactic.
The same goes for the chaosDOGEis creating.
Oh, and did I mention there’s perhaps a government shutdown on the horizon?
“And that’s problematic in an economy that looks like it’s slowing.”
“The question that no one knows is what’s the pain threshold?”
Right now, the checkpoint isn’t clear.
But many businesses are not having a good time trying to decipher all thepolicy uncertainty.
“They could take on a pretty strong position in terms of changing the trajectory of the economy.
So it’s certainly something I’d say be careful what you wish for.”
Many of the provisions in Trump’s 2017tax billare set to expire this year.
Trump and the GOP-led Congress are highly likely to pass a new bill to extend most of them.
But it’s not as great as it was in 2017 when they got a massive new cut.
And the tax cut legislation is still months away.
In the meantime, investors are being hit with daily headlines about all the less-business-friendly stuffTrump wants to do.
“I think the sequencing is definitely important,” Gordon said.
I would argue you get none of it."
Trump is moving faster and breaking things quicker.
He feels like he has a mandate.
He’s bringing more true believers with him.
They are not invited to the party this time.
What is the nonpartisan basis for it?
What is the sort of substantive case?"
said Skanda Amarnath, the executive director of Employ America, an economic advocacy group.
The US had a mild manufacturing recession in 2019.
And ultimately, he was always the one in charge.
He also advocated for a tax bill that added to the deficit and disproportionately benefited corporations and the wealthy.
“He was pragmatic,” Amarnath said.
So, Steven, maybe call Scott.
Emily Stewartis a senior correspondent at Business Insider, writing about business and the economy.