Wednesday's HOT MIC
The stock market didn't much like Trump's tax reform proposal and started tanking the moment Treasury Secretary Mnuchin started speaking. The reason is unclear, since most of what Mnuchin said had been linked previously. Partly it may be because of lack of detail and partly out of skepticism Trump can actually get his reforms passed. Given the nature of our Congress, it's hard not to share that skepticism. Also, there is fear of the deficit blowing up. But there always is. La plus ça change, la plus c'est la même.