Former President Donald Trump has picked Senator JD Vance (R-Oh.) as his 2024 running mate. While Vance is a conservative, some of the economic philosophies ...
While Vance is a conservative, some of the economic philosophies that he has floated have been more centrist and critical towards Wall Street. How would this shape up if he took the White House ?Irwin explains that while Trump likes to tout populist ideas on the campaign trail, he has had a different view in the White House . While Vance has his own ideas, it is unknown if his sentiments will translate into policy in his vice president role.
It is great to see you and, and it's perfectly timed Neil because I think today a lot of traders, investors is people Neil who are watching this.Um They're trying to make sense Neil of what a Trump Vance White House would mean in terms of economic policies because you would traditionally as a Republican administration Neil.But then you heard Senator Vance last night, Neil, that wasn't so friendly.
But when it comes down to it, what Vance emphasizes is trying to get wages up for workers, trying to put in place tariff barriers that can really help workers potentially in his argument, but not necessarily be good for businesses that have to import. Um, former President Trump agrees with Senator Vance on some of his, his perspective and vision when he's talking about, um, business and multinationals and Wall Street Neil.But he also loves talking to ceos and loves talking about how he's so great for business.He cut it from 38% to 21% when he was in office.Now he says, so, you know, look, there's a lot of things Trump would like to do that are certainly business priorities and things that big business would like to see.
So you can imagine that this is part of a shift in kind of who the Republican base is and what Republican party priorities are.I think it's just fascinating and when you listen to these sort of, you know, I guess populist conservatives Neil, like Senator Vance are there areas where in economic policy they can almost in some overlap with more left of center economic views and policies.
And it also intersects with these culture war issues where, uh you know, Senator Vance views, attacking big companies for their uh diversity initiatives, for example, as a, as a winner for him, um you know, it's hard to disentangle what economic policy would look like and some of the cultural war stuff that, that really is part of the Republican party going after big business.
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