Clueless versus Trump

Clueless versus Trump

[Ed. – The problems for those who root against a robust and growing economy.] 

It’s worth thinking carefully about why Trump’s critics have been so wrong about the economy, and of the damage their hubris does to the anti-Trump case.

Democrats entered the 2016 election cycle on what they thought was the back of a strong economy. It wasn’t. Barack Obama presided over the weakest expansion in postwar history. The economy grew by 15.5 percent from the second quarter of 2009 to the second quarter of 2016. During the (slightly longer) Reagan boom of 1982-90, it grew by more than 38 percent. The failure to understand this meant a failure to appreciate the depth of American discontent. It helps explain how Hillary Clinton lost her unlosable election to a man whose central claim to office was that he understood business.

More recently, Democrats have convinced themselves that Trump is merely the beneficiary of Obama’s economic legacy. But how can the critics who previously assured us that Trump’s election would cause certain calamity now explain that he’s nothing but a lucky bystander to forces beyond his control? Had the economy tumbled over the past year his critics would surely have blamed him. It’s ill grace to deny him all credit when it’s doing so well.

Continue reading →

For your convenience, you may leave commments below using either the Spot.IM commenting system or the Facebook commenting system. If Spot.IM is not appearing for you, please disable AdBlock to leave a comment.


Commenting Policy

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.