St. Louis Post Dispatch -The latest economic news appears to be driving President Donald Trump
into a deep emotional funk. As much as he likes to portray his economic
management as a miracle that outpaces anything his predecessors
accomplished, it’s more like a myth. The numbers don’t lie, no matter
how desperately Trump tries to blame Democrats and the Federal Reserve
for his troubles.
The promises Trump made about unprecedented prosperity after the 2017
tax cut have translated instead into an exploding federal deficit and
lackluster economic figures. The deficit is now on track to reach $1
trillion in the next fiscal year, exactly as economists predicted when
they warned against approving the 2017 tax-cut package.
The Washington Post this week compared Trump’s actual economic performance with former President Barack Obama’s using 15 major indicators based on official government figures. The figures and charts show that Trump has, at best, matched Obama’s performance in some key areas such as year-to-year economic growth while actually falling well behind the growth rates achieved by Obama on other measures such as job creation.
No comments:
Post a Comment