Memo To Steve Mnuchin And Gary Cohn: You’re Fired!

The Donald's strong point admittedly does not lie in his grasp of policy detail. But, boy, did he get taken to the cleaners by his so-called economic policy team of Mnuchin & Cohn. No wonder Trump apparently balked at the last minute Monday night. The nine page bare-bones outline released yesterday is nothing more than an aspirational air ball that punts on virtually every policy detail needed to assess its impact and to price-out its cost. It promises to shrink the code to three rates (12%, 25%, 35%), for example, but doesn't say boo about where the brackets begin and end compared to current law.