More readers sent me e-mail after my column three weeks ago about Target changing its DEI policies than any since I started as a columnist in 2023.
One reader called me the “conservative voice of the Star Tribune,” while another called me a “Never Trumper.” That could mean that readers don’t understand me, but I prefer to think my ideas don’t fit in a neat political box.
In recent weeks, I also heard a lot from readers about a column on donor-advised funds and one at the start of the year about population leveling and decline, a preoccupation of mine.
It was the DEI feedback that most closely tracked the national conversation over the first month of President Donald Trump’s second term. So far, he has shown the economy and the arrest of inflation aren’t at the top of his to-do list.
The bull case on Trump’s approach to the economy is that Elon Musk’s efficiency squad will slow the growth of federal spending and reverse the crowding-out effect it has had on private sector growth.
The bear case is Musk will damage parts of government that work well and federal job cuts will lead to recession. Another risk is that Trump’s tax plans will increase government debt, leading to higher interest rates and slower overall economic growth.
Mostly, Trump has focused on the culture war, where he portrays certain Americans as victims of others. While divide and conquer may work as political strategy, it is a terrible economic one.
Trump sees DEI — the acronym for “diversity, equity and inclusion” efforts — as discriminatory rather than helping people who have been on the sidelines and who now provide the marginal growth needed by businesses and the broader economy.