Skip to content
Search

Latest Stories

Top Stories

Taking stock of the political, economic and social fabric as we kick off 2024

American flag
Chalermpon Poungpeth/EyeEm/Getty Images

Corbin is professor emeritus of marketing at the University of Northern Iowa.

Before we get too far into the new year, let’s review the immediate past, present and future of America’s political, economic and social fabric.

Despite predictions of a recession in 2023, Treasury Secretary Janet Yellen told the Wall Street Journal: 1) Federal Reserve actions brought inflation down from 9.1 percent in 2022 to 3.1 percent, 2) 2023 annualized growth averaged around 3 percent, 3) new business startups came at a record pace, 4) the unemployment rate fell below 4 percent and 5) the typical middle-income households had higher earnings, more wealth and more purchasing power than before the pandemic.


Research reveals four economic measures paid off handsomely for Americans: the $1.9 trillion American Rescue Plan, the $1.75 trillion Infrastructure Investment and Jobs Act, the $1.2 trillion Inflation Reduction Act and the $280 billion CHIPS and Science Act. The economic reward includes the American economy producing more goods and services (up 2.6 percent); wage gains outpaced inflation and will be even more significant in 2024.

Last year also witnessed: a declining crime rate, U.S. carbon emissions falling below 2007 numbers and all three major stock indexes soared dramatically, boosting the retirement savings of more than 150 million Americans. For the first time in decades, people could earn around 5 percent from their savings and money market accounts, which increased the financial well-being of tens of millions of people. (Wall Street Journal, Dec. 30-31, 2023)

Sign up for The Fulcrum newsletter

We’re witnessing a boom in cleaner energy, and the cost of metals used to make batteries will continue to remain low in 2024. Additionally, strong oil production growth in North America and increasing global refining capacity will keep gasoline prices down in 2024.

While the U.S. debt ceiling was raised by Congress on June 3, 2023, the GOP-controlled House of Representatives has only passed seven of the 12 appropriation bills they promised to approve in the fall. National debt remains a critical problem; it grew $8.2 trillion (40.43 percent increase) during Donald Trump’s presidency and $1.8 trillion (6.33 percent) since Joe Biden has been in the White House.

CRINK is the new acronym patriotic and democracy-loving Americans should remember: China, Russia, Iran and North Korea. CRINK shows no signs of easing up on cyberattacks or inundating Americans with disinformation, misinformation, social media propaganda, artificial intelligence interference and fake political ads in 2024, similar to the 2016 presidential election. CRINK’s implicit and explicit war against Ukraine, Taiwan, Israel and the United States – to name a few targets – will continue. A strong president who opposes CRINK dictators versus honoring their autocratic leaders is paramount.

As the Supreme Court goes back into session, 5, all Americans hope the justices will decide: 1) what presidential immunity means, 2) what defines interfering with the counting of electoral votes, 3) whether states control the election process, 4) if a president is an “official” of the government (Section 3 of the 14th Amendment), 5) whether Trump engaged in reelection activities or presidential duties when he did nothing for 187 minutes during the Jan. 6, 2021, attack on the Capitol and 6) if the Jan. 6 attack was a normal tourist visit or an insurrection.

While the Supreme Court overturned Roe v. Wade in June 2022, Pew Research Center polling shows 62 percent of Americans support pro-choice rights. Along with women’s right to reproductive health decisions, immigration reform will also – implicitly – be on the Nov. 5 ballot.

Bipartisan deals on immigration have eluded lawmakers and presidents for three decades. Knowing Congress is so divided and the asylum law is complicated, politicians will most likely kick the can down the road and claim the 300,000/month migrant issue will be settled on Nov. 5. Common sense tells us otherwise. For the record: Trump only had 517 immigration judges on the bench in 2020 and Biden increased that total by 42 percent (734 judges).

There are 8.75 million indigenous Native Americans and Alaska Natives in the United. Since the remaining 98 percent of Americans are descendants of an immigrant family, it is ironic – and a sad state of affairs – when the benefits of immigration are questioned and our elected delegates can’t resolve the issue.

Finally, after Nov. 5, Americans will know whether they remain in a democracy or have reverted to living in a populist authoritarian dictatorship.

Issues to be resolved – a multitude were not identified in this op-ed -- are plentiful. Ready or not, 2024, here we are.

Read More

U.S. President Donald Trump walks towards Marine One on the South Lawn on May 1, 2025 in Washington, DC.

U.S. President Donald Trump walks towards Marine One on the South Lawn on May 1, 2025 in Washington, DC.

Getty Images, Andrew Harnik

Trump’s First 100 Days on Trial

100 Days, 122 Rulings

Presidents are typically evaluated by their accomplishments in the first 100 days. Donald Trump's second term stands out for a different reason: the unprecedented number of executive actions challenged and blocked by the courts. In just over three months, Trump issued more than 200 executive orders, targeting areas such as climate policy, civil service regulations, immigration, and education funding.

However, the most telling statistic is not the volume of orders but the judiciary's response: over 120 rulings have paused or invalidated these directives. This positions the courts, rather than Congress, as the primary institutional check on the administration's agenda. With a legislature largely aligned with the executive, the judiciary has become a critical counterbalance. The sustainability of this dynamic raises questions about the resilience of democratic institutions when one branch shoulders the burden of oversight responsibilities.

Keep ReadingShow less
U.S. President Donald Trump signs executive orders in the Oval Office at the White House on April 23, 2025 in Washington, DC.

U.S. President Donald Trump signs executive orders in the Oval Office at the White House on April 23, 2025 in Washington, DC.

Getty Images, Chip Somodevilla

Trump 2.0’s Alleged Trifecta Crisis

On July 25, 1933, President Franklin D. Roosevelt gave a radio address to 125 million Americans in which he coined the term “first 100 days.” Today, the 100th day of a presidency is considered a benchmark to measure the early success or failure of a president.

Mr. Trump’s 100th day of office lands on April 30, when the world has witnessed his 137 executive orders, 39 proclamations, 36 memoranda, a few Cabinet meetings, and numerous press briefings. In summary, Trump’s cabinet appointments and seemingly arbitrary, capricious, ad hoc, and erratic actions have created turmoil in the stock market, utter confusion among our international trade partners, and confounded unrest with consumers, workers, small business owners, and corporate CEOs.

Keep ReadingShow less
America’s Liz Truss Problem

Former Prime Minister of the United Kingdom Liz Truss speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on February 20, 2025 in Oxon Hill, Maryland.

Getty Images, Andrew Harnik

America’s Liz Truss Problem

America is having a Liz Truss moment. The problem is that America doesn’t have a Liz Truss solution.

Let me take you back to the fall of 2022 when the United Kingdom experienced its own version of political whiplash. In the span of seven weeks, no less than three Prime Ministers (and two monarchs, incidentally) tried to steer the British governmental ship. On September 6, Boris Johnson was forced to resign over a seemingly endless series of scandals. Enter Liz Truss. She lasted forty-nine days, until October 25, when she too was pushed out the black door of 10 Downing Street. Her blunder? Incompetence. Rishi Sunak, the Conservative Party’s third choice, then measured the drapes.

What most people remember of the Truss premiership is the Daily Star wager that a head of lettuce would last longer than Truss. The lettuce won. But Truss’ stint as Prime Minister—the shortest ever, I should note—holds some lessons for America today.

Keep ReadingShow less
Employees being let go, laid off, fired.
Getty Images, mathisworks

Part One, The Impact of Trump’s Executive Actions: The Federal Workforce

Project Overview

This essay is part of a series by Lawyers Defending American Democracy, explaining in practical terms what the administration’s executive orders and other executive actions mean for all of us. Each of these actions springs from the pages of Project 2025, the administration's 900-page playbook that serves as the foundation for these measures. The Project 2025 agenda should concern all of us, as it tracks strategies adopted by countries such as Hungary, which have eroded democratic norms and have adopted authoritarian approaches to governing.

Keep ReadingShow less