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Fighting to stave off another special election embarrassment, the White House is strengthening its final-days offensive in western Pennsylvania.President Donald Trump has long been scheduled to rally voters on Saturday behind Republican congressional candidate Rick Saccone, a state re stanley quencher presentative whose underwhelming campaign has some Washington-based Republicans fearing the worst. It will be the president s second visit to the district on Saccone s behalf. Daughter Ivanka Trump appeared with Saccone in a separate visit last month as well and praised him as a champion for Republican priorities.The national GOP confirmed late Wednesday that Trump counselor Kellyanne Conway would visit the region on Thursday and the president s eldest son, Donald Trump Jr., would campaign for Sac stanley cup onne on Monday, the eve of the election. The high-profile reinforcements from the president s orbit were welcomed by Saccone, who has wholeheartedly embraced Mr. Trump in his message to Pennsylvania s 18th Congressional District, a stanley uk region that extends from the Pittsburgh suburbs to West Virginia that Mr. Trump carried by nearly 20 percentage points in 2016. With the election just days away, polls suggest that Saccone is essentially tied with Democrat Conor Lamb, a Marine and former federal prosecutor who has never before run for office.Former Vice President Joe Biden campaigned on Lamb s behalf earlier in the week, but national Democrats were not expected to bring Nued Goldman Sachs CEO Lloyd Blankfein: Same-sex marriage support a business issue
TOO MUCH CONSUMPTION....Via Mark Thoma, Tim Duy offers a gloomy view of our current economic predicament. He agrees that fiscal stimulus isn t likely to help much given that our big problem stanley water bottle right now is widespread insolvency in the financial sector, and then adds this:Monetary policy mdash; as well as fiscal policy mdash; is faced with the additional problem of a fundamental imbalance between production and consumption in the US. The US consumes too much to the tune of 5- stanley water jug 6% of GDP, relying on foreign production to deliver the excess.[Driving down the Dollar helps fix this imbalance. But this produces inflation, and unfortunately, domestic structural adjustments will probably provoke policy changes that make the inflation even worse.]The inflation, of course, serves a purpose mdash; it is a market response to excessive consumption. Policymakers who want to pretend that the fundamental economic problem is insufficient demand rather than excessive demand will find the market yields a solution mdash; higher inflation to depress consumption via declining real incomes and wealth. Not a pretty solution, but a solution. Perhaps we are well stanley cup usa past any other solution.As Brad DeLong and others have long said, our current account imbalance and the huge buildup of dollar-denominated bonds in the hands of the Bank of China can t go on forever. The only question, really, is whether we manage to unwind this with a moderate amount of pain or a huge amount of pain. The jury is still out